SLQX.DE vs. CEMQ.DE
SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both Europe Equities funds - SLQX.DE tracks the SBI TOP Index while CEMQ.DE tracks the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 5 years, SLQX.DE returned 23.41%/yr vs 6.18%/yr for CEMQ.DE. At a 0.09 correlation, their price movements are largely independent. SLQX.DE charges 1.38%/yr vs 0.25%/yr for CEMQ.DE.
Performance
SLQX.DE vs. CEMQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLQX.DE achieves a 26.72% return, which is significantly higher than CEMQ.DE's 8.53% return.
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
CEMQ.DE
- 1D
- -0.17%
- 1M
- 0.75%
- 6M
- 4.31%
- YTD
- 8.53%
- 1Y
- 14.16%
- 3Y*
- 9.45%
- 5Y*
- 6.18%
- 10Y*
- 8.33%
SLQX.DE vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 8.53% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -4.84% |
Correlation
The correlation between SLQX.DE and CEMQ.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
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 16, 2018 | 0.09 |
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Return for Risk
SLQX.DE vs. CEMQ.DE — Risk / Return Rank
SLQX.DE
CEMQ.DE
SLQX.DE vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
| SLQX.DE | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.68 | +0.59 |
| Martin ratioReturn relative to average drawdown | 5.48 | 5.80 | -0.32 |
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Drawdowns
SLQX.DE vs. CEMQ.DE - Drawdown Comparison
The maximum SLQX.DE drawdown since its inception was -34.33%, roughly equal to the maximum CEMQ.DE drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for SLQX.DE and CEMQ.DE.
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Drawdown Indicators
| SLQX.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -33.76% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -8.38% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -14.96% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -19.65% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.76% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.63% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -5.31% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.43% | +2.70% |
Volatility
SLQX.DE vs. CEMQ.DE - Volatility Comparison
Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a higher volatility of 3.26% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 2.61%. This indicates that SLQX.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLQX.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 2.61% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 9.65% | +6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 12.03% | +9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 14.02% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 14.67% | +3.24% |
SLQX.DE vs. CEMQ.DE - Expense Ratio Comparison
SLQX.DE has a 1.38% expense ratio, which is higher than CEMQ.DE's 0.25% expense ratio.
Dividends
SLQX.DE vs. CEMQ.DE - Dividend Comparison
Neither SLQX.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
SLQX.DE and CEMQ.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMQ.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for SLQX.DE.
SLQX.DE tracks SBI TOP Index, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for SLQX.DE and 0.25% for CEMQ.DE.
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