SLQX.DE vs. IBCJ.DE
SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - SLQX.DE tracks the SBI TOP Index while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 5 years, SLQX.DE returned 23.30%/yr vs 15.91%/yr for IBCJ.DE. At a 0.10 correlation, their price movements are largely independent. SLQX.DE charges 1.38%/yr vs 0.74%/yr for IBCJ.DE.
Performance
SLQX.DE vs. IBCJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLQX.DE achieves a 26.18% return, which is significantly higher than IBCJ.DE's 19.96% return.
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
IBCJ.DE
- 1D
- 0.12%
- 1M
- 3.28%
- 6M
- 16.04%
- YTD
- 19.96%
- 1Y
- 37.37%
- 3Y*
- 28.79%
- 5Y*
- 15.91%
- 10Y*
- 9.70%
SLQX.DE vs. IBCJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.18% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 11.50% | -17.12% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 19.96% | 53.72% | -0.44% | 43.89% | -21.77% | 14.38% | -18.70% | -3.73% | -3.65% |
Correlation
The correlation between SLQX.DE and IBCJ.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.10 |
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Return for Risk
SLQX.DE vs. IBCJ.DE — Risk / Return Rank
SLQX.DE
IBCJ.DE
SLQX.DE vs. IBCJ.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 MSCI Poland UCITS ETF USD (Acc) (IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.73 | -1.41 |
| Martin ratioReturn relative to average drawdown | 5.57 | 8.94 | -3.37 |
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Drawdowns
SLQX.DE vs. IBCJ.DE - Drawdown Comparison
The maximum SLQX.DE drawdown since its inception was -34.33%, smaller than the maximum IBCJ.DE drawdown of -67.13%. Use the drawdown chart below to compare losses from any high point for SLQX.DE and IBCJ.DE.
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Drawdown Indicators
| SLQX.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -67.13% | +32.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -9.98% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -18.52% | +6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -47.29% | +23.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.09% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -39.18% | +30.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 4.17% | +0.96% |
Volatility
SLQX.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) is 3.38%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 4.88%. This indicates that SLQX.DE experiences smaller price fluctuations and is considered to be less risky than IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 4.88% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 17.58% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 23.01% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 26.72% | -8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 24.94% | -7.03% |
SLQX.DE vs. IBCJ.DE - Expense Ratio Comparison
SLQX.DE has a 1.38% expense ratio, which is higher than IBCJ.DE's 0.74% expense ratio.
Dividends
SLQX.DE vs. IBCJ.DE - Dividend Comparison
Neither SLQX.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
SLQX.DE and IBCJ.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCJ.DE is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCJ.DE is cheaper with a 0.74% expense ratio, compared with 1.38% for SLQX.DE.
SLQX.DE tracks SBI TOP Index, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for SLQX.DE and 0.74% for IBCJ.DE.
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