IQQU.DE vs. SLQX.DE
IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - IQQU.DE tracks the MSCI Europe ex UK while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, IQQU.DE returned 9.34%/yr vs 23.41%/yr for SLQX.DE. At a 0.11 correlation, their price movements are largely independent. IQQU.DE charges 0.40%/yr vs 1.38%/yr for SLQX.DE.
Performance
IQQU.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQU.DE achieves a 10.15% return, which is significantly lower than SLQX.DE's 26.72% return.
IQQU.DE
- 1D
- -0.42%
- 1M
- -0.13%
- 6M
- 6.22%
- YTD
- 10.15%
- 1Y
- 19.25%
- 3Y*
- 13.69%
- 5Y*
- 9.34%
- 10Y*
- 9.78%
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.73%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 30.20%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
IQQU.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 10.15% | 20.10% | 6.36% | 17.27% | -12.22% | 24.46% | 1.52% | 28.72% | -9.42% |
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 IQQU.DE and SLQX.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
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 |
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Return for Risk
IQQU.DE vs. SLQX.DE — Risk / Return Rank
IQQU.DE
SLQX.DE
IQQU.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ex-UK UCITS ETF (IQQU.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.
| IQQU.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.28 | -0.36 |
| Martin ratioReturn relative to average drawdown | 7.25 | 5.48 | +1.77 |
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Drawdowns
IQQU.DE vs. SLQX.DE - Drawdown Comparison
The maximum IQQU.DE drawdown since its inception was -58.28%, 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 IQQU.DE and SLQX.DE.
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Drawdown Indicators
| IQQU.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.28% | -34.33% | -23.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -12.32% | +2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -12.39% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -24.09% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -34.62% | — | — |
Current DrawdownCurrent decline from peak | -2.31% | 0.00% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -8.99% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 5.13% | -2.49% |
Volatility
IQQU.DE vs. SLQX.DE - Volatility Comparison
iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) has a higher volatility of 3.45% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.26%. This indicates that IQQU.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
| IQQU.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 3.26% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 16.07% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 21.11% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 18.40% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 17.91% | -2.53% |
IQQU.DE vs. SLQX.DE - Expense Ratio Comparison
IQQU.DE has a 0.40% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
IQQU.DE vs. SLQX.DE - Dividend Comparison
IQQU.DE's dividend yield for the trailing twelve months is around 2.02%, while SLQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 2.02% | 2.15% | 2.38% | 2.36% | 2.33% | 1.62% | 1.43% | 2.31% | 2.67% | 2.26% | 2.31% | 2.14% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQQU.DE and SLQX.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQU.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQU.DE is cheaper with a 0.40% expense ratio, compared with 1.38% for SLQX.DE.
IQQU.DE tracks MSCI Europe ex UK, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.40% for IQQU.DE and 1.38% for SLQX.DE.
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