FTGG.DE vs. SLQX.DE
FTGG.DE (First Trust Germany AlphaDEX UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - FTGG.DE tracks the Nasdaq AlphaDEX Germany NTR Index while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, FTGG.DE returned 5.23%/yr vs 23.30%/yr for SLQX.DE. At a 0.12 correlation, their price movements are largely independent. FTGG.DE charges 0.65%/yr vs 1.38%/yr for SLQX.DE.
Performance
FTGG.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGG.DE achieves a 4.55% return, which is significantly lower than SLQX.DE's 26.18% return.
FTGG.DE
- 1D
- -0.40%
- 1M
- -1.49%
- 6M
- -1.27%
- YTD
- 4.55%
- 1Y
- 14.92%
- 3Y*
- 17.21%
- 5Y*
- 5.23%
- 10Y*
- 7.17%
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
FTGG.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 4.55% | 44.59% | 8.23% | 8.38% | -26.44% | 13.79% | 7.27% | 21.38% | -20.93% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.18% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 11.50% | -17.12% |
Correlation
The correlation between FTGG.DE and SLQX.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
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 | 0.12 |
The correlation between FTGG.DE and SLQX.DE shifts across timeframes, from 0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTGG.DE vs. SLQX.DE — Risk / Return Rank
FTGG.DE
SLQX.DE
FTGG.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX UCITS ETF (FTGG.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.
| FTGG.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.31 | -1.22 |
| Martin ratioReturn relative to average drawdown | 3.31 | 5.57 | -2.26 |
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Drawdowns
FTGG.DE vs. SLQX.DE - Drawdown Comparison
The maximum FTGG.DE drawdown since its inception was -99.97%, which is greater than SLQX.DE's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for FTGG.DE and SLQX.DE.
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Drawdown Indicators
| FTGG.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -34.33% | -65.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -12.32% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -12.39% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -38.87% | -24.09% | -14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -99.97% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | 0.00% | -5.93% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -8.99% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 5.13% | -0.29% |
Volatility
FTGG.DE vs. SLQX.DE - Volatility Comparison
First Trust Germany AlphaDEX UCITS ETF (FTGG.DE) has a higher volatility of 6.06% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.38%. This indicates that FTGG.DE's price experiences larger fluctuations and is considered to be riskier 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
| FTGG.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 3.38% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 16.14% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 21.11% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 18.41% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69,376.52% | 17.91% | +69,358.61% |
FTGG.DE vs. SLQX.DE - Expense Ratio Comparison
FTGG.DE has a 0.65% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
FTGG.DE vs. SLQX.DE - Dividend Comparison
FTGG.DE's dividend yield for the trailing twelve months is around 1.55%, while SLQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 1.55% | 1.53% | 2.24% | 2.85% | 3.10% | 1.03% | 0.58% | 0.05% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTGG.DE and SLQX.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTGG.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTGG.DE is cheaper with a 0.65% expense ratio, compared with 1.38% for SLQX.DE.
FTGG.DE tracks Nasdaq AlphaDEX Germany NTR Index, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: First Trust and Expat. Their fees differ too: 0.65% for FTGG.DE and 1.38% for SLQX.DE.
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