SLMA.DE vs. B41J.DE
SLMA.DE (iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc)) and B41J.DE (Global X European Infrastructure Development UCITS ETF EUR Accumulating) are both Europe Equities funds - SLMA.DE tracks the MSCI EMU ESG Screened while B41J.DE tracks the Mirae Asset European Infrastructure Development Index. Both are passively managed. Over the past year, SLMA.DE returned 16.70% vs 8.67% for B41J.DE. A 0.68 correlation means they provide meaningful diversification when combined. SLMA.DE charges 0.12%/yr vs 0.47%/yr for B41J.DE.
Performance
SLMA.DE vs. B41J.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMA.DE achieves a 8.54% return, which is significantly higher than B41J.DE's 7.25% return.
SLMA.DE
- 1D
- 0.46%
- 1M
- 2.64%
- YTD
- 8.54%
- 6M
- 10.39%
- 1Y
- 16.70%
- 3Y*
- 15.58%
- 5Y*
- 10.24%
- 10Y*
- —
B41J.DE
- 1D
- 0.02%
- 1M
- -2.78%
- YTD
- 7.25%
- 6M
- 8.50%
- 1Y
- 8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLMA.DE vs. B41J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLMA.DE iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) | 8.54% | 22.99% | 0.82% |
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.25% | 27.74% | -2.48% |
Correlation
The correlation between SLMA.DE and B41J.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.68 |
The correlation between SLMA.DE and B41J.DE has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
SLMA.DE vs. B41J.DE — Risk / Return Rank
SLMA.DE
B41J.DE
SLMA.DE vs. B41J.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.DE) and Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.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.
| SLMA.DE | B41J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.94 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.91 | 2.70 | +3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLMA.DE | B41J.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.58 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.12 | -0.50 |
Drawdowns
SLMA.DE vs. B41J.DE - Drawdown Comparison
The maximum SLMA.DE drawdown since its inception was -37.39%, which is greater than B41J.DE's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for SLMA.DE and B41J.DE.
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Drawdown Indicators
| SLMA.DE | B41J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -12.00% | -25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -9.34% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -4.55% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -2.45% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.24% | -0.40% |
Volatility
SLMA.DE vs. B41J.DE - Volatility Comparison
The current volatility for iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.DE) is 4.51%, while Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) has a volatility of 4.95%. This indicates that SLMA.DE experiences smaller price fluctuations and is considered to be less risky than B41J.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLMA.DE | B41J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 4.95% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 12.73% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 15.27% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 16.11% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 16.11% | +1.90% |
SLMA.DE vs. B41J.DE - Expense Ratio Comparison
SLMA.DE has a 0.12% expense ratio, which is lower than B41J.DE's 0.47% expense ratio.
Dividends
SLMA.DE vs. B41J.DE - Dividend Comparison
Neither SLMA.DE nor B41J.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMA.DE and B41J.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLMA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLMA.DE is cheaper with a 0.12% expense ratio, compared with 0.47% for B41J.DE.
SLMA.DE tracks MSCI EMU ESG Screened, while B41J.DE tracks Mirae Asset European Infrastructure Development Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.12% for SLMA.DE and 0.47% for B41J.DE.
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