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LDAX.DE vs. SLQX.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LDAX.DE vs. SLQX.DE

Last updated Jul 18, 2026
Documentation

LDAX.DE (Amundi Dax III UCITS ETF Dist) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - LDAX.DE tracks the DAX® while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 23.41%/yr for SLQX.DE. At a 0.12 correlation, their price movements are largely independent. LDAX.DE charges 0.15%/yr vs 1.38%/yr for SLQX.DE.

Performance

LDAX.DE vs. SLQX.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Dax III UCITS ETF Dist (LDAX.DE) and Expat Slovenia SBI TOP UCITS ETF (SLQX.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LDAX.DE achieves a 1.18% return, which is significantly lower than SLQX.DE's 26.72% return.

LDAX.DE

1D
0.00%
1M
-0.09%
6M
-1.89%
YTD
1.18%
1Y
1.71%
3Y*
15.01%
5Y*
9.29%
10Y*
—

SLQX.DE

1D
0.30%
1M
5.06%
6M
16.08%
YTD
26.72%
1Y
28.19%
3Y*
36.69%
5Y*
23.41%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LDAX.DE vs. SLQX.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
LDAX.DE
Amundi Dax III UCITS ETF Dist		1.18%22.70%18.08%19.61%-12.89%15.29%8.40%
SLQX.DE
Expat Slovenia SBI TOP UCITS ETF		26.72%46.37%33.58%16.52%-10.85%43.83%3.83%

Correlation

The correlation between LDAX.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

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2020

0.12

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amundi Dax III UCITS ETF Dist

Expat Slovenia SBI TOP UCITS ETF

Often compared with LDAX.DE:
LDAX.DE vs. S6X0.DELDAX.DE vs. 18MK.DELDAX.DE vs. CEMT.DELDAX.DE vs. LYPG.DELDAX.DE vs. FTGE.DELDAX.DE vs. PUST.PALDAX.DE vs. WEBN.DE
Often compared with SLQX.DE:
SLQX.DE vs. ROX.DESLQX.DE vs. GRX.DESLQX.DE vs. BGX.DESLQX.DE vs. CZX.DESLQX.DE vs. ECDC.DESLQX.DE vs. ESNB.DESLQX.DE vs. HUBE.DE

Return for Risk

LDAX.DE vs. SLQX.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LDAX.DE
LDAX.DE Risk / Return Rank: 1212
Overall Rank
LDAX.DE Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
LDAX.DE Sortino Ratio Rank: 1111
Sortino Ratio Rank
LDAX.DE Omega Ratio Rank: 1111
Omega Ratio Rank
LDAX.DE Calmar Ratio Rank: 1212
Calmar Ratio Rank
LDAX.DE Martin Ratio Rank: 1313
Martin Ratio Rank
SLQX.DE
SLQX.DE Risk / Return Rank: 5353
Overall Rank
SLQX.DE Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
SLQX.DE Sortino Ratio Rank: 4848
Sortino Ratio Rank
SLQX.DE Omega Ratio Rank: 6262
Omega Ratio Rank
SLQX.DE Calmar Ratio Rank: 6161
Calmar Ratio Rank
SLQX.DE Martin Ratio Rank: 4545
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDAX.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Dax III UCITS ETF Dist (LDAX.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.

LDAX.DESLQX.DEDifference
Sharpe ratioReturn per unit of total volatility
0.11
1.33

-1.22

Sortino ratioReturn per unit of downside risk
0.27
1.86

-1.59

Omega ratioGain probability vs. loss probability

1.03

1.28

-0.25

Calmar ratioReturn relative to maximum drawdown

0.14

2.28

-2.14

Martin ratioReturn relative to average drawdown

0.44

5.48

-5.05

LDAX.DE vs. SLQX.DE - Sharpe Ratio Comparison

The current LDAX.DE Sharpe Ratio is 0.11, which is lower than the SLQX.DE Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of LDAX.DE and SLQX.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LDAX.DE vs. SLQX.DE - Drawdown Comparison

The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and SLQX.DE.

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Drawdown Indicators

LDAX.DESLQX.DEDifference

Max Drawdown

Largest peak-to-trough decline

-26.68%

-34.33%

+7.65%

Max Drawdown (1Y)

Largest decline over 1 year

-12.36%

-12.32%

-0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-15.92%

-12.39%

-3.53%

Max Drawdown (5Y)

Largest decline over 5 years

-26.68%

-24.09%

-2.59%

Current Drawdown

Current decline from peak

-3.53%

0.00%

-3.53%

Average Drawdown

Average peak-to-trough decline

-4.79%

-8.99%

+4.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.93%

5.13%

-1.20%

Volatility

LDAX.DE vs. SLQX.DE - Volatility Comparison

Amundi Dax III UCITS ETF Dist (LDAX.DE) has a higher volatility of 4.62% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.26%. This indicates that LDAX.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

LDAX.DESLQX.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.62%

3.26%

+1.36%

Volatility (6M)

Calculated over the trailing 6-month period

13.61%

16.07%

-2.46%

Volatility (1Y)

Calculated over the trailing 1-year period

16.26%

21.11%

-4.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.23%

18.40%

-1.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.36%

17.91%

-0.55%

LDAX.DE vs. SLQX.DE - Expense Ratio Comparison

LDAX.DE has a 0.15% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.

Dividends

LDAX.DE vs. SLQX.DE - Dividend Comparison

LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, while SLQX.DE has not paid dividends to shareholders.

PositionTTM202520242023202220212020
LDAX.DE
Amundi Dax III UCITS ETF Dist		1.93%1.95%2.31%2.73%3.32%2.73%0.39%
SLQX.DE
Expat Slovenia SBI TOP UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LDAX.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, LDAX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LDAX.DE is cheaper with a 0.15% expense ratio, compared with 1.38% for SLQX.DE.

LDAX.DE tracks DAX®, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: Amundi and Expat. Their fees differ too: 0.15% for LDAX.DE and 1.38% for SLQX.DE.

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