MVEE.DE vs. SLQX.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - MVEE.DE tracks the MSCI Europe NR EUR while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.08%/yr vs 23.30%/yr for SLQX.DE. At a 0.09 correlation, their price movements are largely independent. MVEE.DE charges 0.25%/yr vs 1.38%/yr for SLQX.DE.
Performance
MVEE.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEE.DE achieves a 9.49% return, which is significantly lower than SLQX.DE's 26.18% return.
MVEE.DE
- 1D
- 0.11%
- 1M
- 2.19%
- 6M
- 8.03%
- YTD
- 9.49%
- 1Y
- 12.98%
- 3Y*
- 10.17%
- 5Y*
- 6.08%
- 10Y*
- —
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
MVEE.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 9.49% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.18% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | 10.89% |
Correlation
The correlation between MVEE.DE and SLQX.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
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 Apr 17, 2020 | 0.09 |
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Return for Risk
MVEE.DE vs. SLQX.DE — Risk / Return Rank
MVEE.DE
SLQX.DE
MVEE.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 ESG UCITS ETF (Acc) (MVEE.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.
| MVEE.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.31 | -0.57 |
| Martin ratioReturn relative to average drawdown | 6.08 | 5.57 | +0.51 |
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Drawdowns
MVEE.DE vs. SLQX.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.19%, smaller than the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and SLQX.DE.
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Drawdown Indicators
| MVEE.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -34.33% | +14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -12.32% | +4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -12.39% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -24.09% | +3.90% |
Current DrawdownCurrent decline from peak | -0.78% | 0.00% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -8.99% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 5.13% | -3.00% |
Volatility
MVEE.DE vs. SLQX.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 2.78%, while Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a volatility of 3.38%. This indicates that MVEE.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
| MVEE.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.38% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 16.14% | -7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 21.11% | -11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 18.41% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 17.91% | -5.46% |
MVEE.DE vs. SLQX.DE - Expense Ratio Comparison
MVEE.DE has a 0.25% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
MVEE.DE vs. SLQX.DE - Dividend Comparison
Neither MVEE.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEE.DE and SLQX.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for SLQX.DE.
MVEE.DE tracks MSCI Europe NR EUR, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.25% for MVEE.DE and 1.38% for SLQX.DE.
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