EUN0.DE vs. SLQX.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - EUN0.DE tracks the MSCI Europe Minimum Volatility while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, EUN0.DE returned 7.18%/yr vs 23.41%/yr for SLQX.DE. At a 0.08 correlation, their price movements are largely independent. EUN0.DE charges 0.25%/yr vs 1.38%/yr for SLQX.DE.
Performance
EUN0.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN0.DE achieves a 9.16% return, which is significantly lower than SLQX.DE's 26.72% return.
EUN0.DE
- 1D
- 0.59%
- 1M
- 2.43%
- 6M
- 7.09%
- YTD
- 9.16%
- 1Y
- 11.91%
- 3Y*
- 12.05%
- 5Y*
- 7.18%
- 10Y*
- 6.97%
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
EUN0.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 9.16% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | -4.02% | 24.18% | -2.96% |
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 EUN0.DE and SLQX.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.08 |
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Return for Risk
EUN0.DE vs. SLQX.DE — Risk / Return Rank
EUN0.DE
SLQX.DE
EUN0.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| EUN0.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.28 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.12 | 5.48 | -0.36 |
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Drawdowns
EUN0.DE vs. SLQX.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, smaller than the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and SLQX.DE.
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Drawdown Indicators
| EUN0.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -34.33% | +3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -12.32% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -12.39% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -24.09% | +4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -8.99% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 5.13% | -2.81% |
Volatility
EUN0.DE vs. SLQX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) is 2.39%, while Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a volatility of 3.26%. This indicates that EUN0.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
| EUN0.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 3.26% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 16.07% | -8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.03% | 21.11% | -12.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.03% | 18.40% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 17.91% | -5.70% |
EUN0.DE vs. SLQX.DE - Expense Ratio Comparison
EUN0.DE has a 0.25% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
EUN0.DE vs. SLQX.DE - Dividend Comparison
Neither EUN0.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
EUN0.DE and SLQX.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for SLQX.DE.
EUN0.DE tracks MSCI Europe Minimum Volatility, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.25% for EUN0.DE and 1.38% for SLQX.DE.
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