ETSZ.DE vs. SLQX.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, ETSZ.DE returned 10.09%/yr vs 23.41%/yr for SLQX.DE. At a 0.11 correlation, their price movements are largely independent. ETSZ.DE charges 0.20%/yr vs 1.38%/yr for SLQX.DE.
Performance
ETSZ.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 10.30% return, which is significantly lower than SLQX.DE's 26.72% return.
ETSZ.DE
- 1D
- -0.38%
- 1M
- 0.38%
- 6M
- 6.24%
- YTD
- 10.30%
- 1Y
- 20.23%
- 3Y*
- 14.60%
- 5Y*
- 10.09%
- 10Y*
- 9.62%
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
ETSZ.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 10.30% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -9.62% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.72% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 11.50% | -17.12% |
Correlation
The correlation between ETSZ.DE and SLQX.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.11 |
The correlation between ETSZ.DE and SLQX.DE shifts across timeframes, from 0.11 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETSZ.DE vs. SLQX.DE — Risk / Return Rank
ETSZ.DE
SLQX.DE
ETSZ.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and Expat Slovenia SBI TOP UCITS ETF (SLQX.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETSZ.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.28 | -0.14 |
| Martin ratioReturn relative to average drawdown | 8.20 | 5.48 | +2.72 |
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Drawdowns
ETSZ.DE vs. SLQX.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.54%, roughly equal to the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and SLQX.DE.
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Drawdown Indicators
| ETSZ.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -34.33% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -12.32% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -12.39% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -24.09% | +3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | 0.00% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -8.99% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 5.13% | -2.67% |
Volatility
ETSZ.DE vs. SLQX.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 3.08%, while Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a volatility of 3.26%. This indicates that ETSZ.DE experiences smaller price fluctuations and is considered to be less risky than SLQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSZ.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.26% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 16.07% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 21.11% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 18.40% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 17.91% | -2.73% |
ETSZ.DE vs. SLQX.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
ETSZ.DE vs. SLQX.DE - Dividend Comparison
Neither ETSZ.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and SLQX.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 1.38% for SLQX.DE.
ETSZ.DE tracks STOXX® Europe 600, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: BNP Paribas and Expat. Their fees differ too: 0.20% for ETSZ.DE and 1.38% for SLQX.DE.
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