MIVA.DE vs. SLQX.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, MIVA.DE returned 6.97%/yr vs 23.41%/yr for SLQX.DE. At a 0.08 correlation, their price movements are largely independent. MIVA.DE charges 0.23%/yr vs 1.38%/yr for SLQX.DE.
Performance
MIVA.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVA.DE achieves a 8.76% return, which is significantly lower than SLQX.DE's 26.72% return.
MIVA.DE
- 1D
- 0.56%
- 1M
- 2.22%
- 6M
- 6.71%
- YTD
- 8.76%
- 1Y
- 11.41%
- 3Y*
- 11.89%
- 5Y*
- 6.97%
- 10Y*
- 6.83%
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
MIVA.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 8.76% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -2.85% |
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 MIVA.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 | 0.09 |
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
MIVA.DE vs. SLQX.DE — Risk / Return Rank
MIVA.DE
SLQX.DE
MIVA.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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.
| MIVA.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.28 | -0.64 |
| Martin ratioReturn relative to average drawdown | 4.93 | 5.48 | -0.55 |
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Drawdowns
MIVA.DE vs. SLQX.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, smaller than the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and SLQX.DE.
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Drawdown Indicators
| MIVA.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -34.33% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -12.32% | +5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -12.39% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -24.09% | +4.40% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -8.99% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 5.13% | -2.82% |
Volatility
MIVA.DE vs. SLQX.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 2.52%, while Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a volatility of 3.26%. This indicates that MIVA.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
| MIVA.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 3.26% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 16.07% | -8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.95% | 21.11% | -12.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.95% | 18.40% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.01% | 17.91% | -5.90% |
MIVA.DE vs. SLQX.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
MIVA.DE vs. SLQX.DE - Dividend Comparison
Neither MIVA.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVA.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, MIVA.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVA.DE is cheaper with a 0.23% expense ratio, compared with 1.38% for SLQX.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: Amundi and Expat. Their fees differ too: 0.23% for MIVA.DE and 1.38% for SLQX.DE.
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