SLQX.DE vs. MIVA.DE
SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - SLQX.DE tracks the SBI TOP Index while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, SLQX.DE returned 23.30%/yr vs 6.82%/yr for MIVA.DE. At a 0.08 correlation, their price movements are largely independent. SLQX.DE charges 1.38%/yr vs 0.23%/yr for MIVA.DE.
Performance
SLQX.DE vs. MIVA.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 MIVA.DE's 7.98% 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*
- —
MIVA.DE
- 1D
- -0.16%
- 1M
- 1.46%
- 6M
- 6.19%
- YTD
- 7.98%
- 1Y
- 11.06%
- 3Y*
- 11.70%
- 5Y*
- 6.82%
- 10Y*
- 6.74%
SLQX.DE vs. MIVA.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% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 7.98% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -2.85% |
Correlation
The correlation between SLQX.DE and MIVA.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 | 0.09 |
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
SLQX.DE vs. MIVA.DE — Risk / Return Rank
SLQX.DE
MIVA.DE
SLQX.DE vs. MIVA.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 Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.59 | +0.73 |
| Martin ratioReturn relative to average drawdown | 5.57 | 4.78 | +0.79 |
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Drawdowns
SLQX.DE vs. MIVA.DE - Drawdown Comparison
The maximum SLQX.DE drawdown since its inception was -34.33%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for SLQX.DE and MIVA.DE.
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Drawdown Indicators
| SLQX.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -30.57% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -6.94% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -11.02% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -19.69% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.57% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.76% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -4.85% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.31% | +2.82% |
Volatility
SLQX.DE vs. MIVA.DE - Volatility Comparison
Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a higher volatility of 3.38% compared to Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 2.65%. This indicates that SLQX.DE's price experiences larger fluctuations and is considered to be riskier than MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.65% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 7.52% | +8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 8.96% | +12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 10.95% | +7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 12.02% | +5.89% |
SLQX.DE vs. MIVA.DE - Expense Ratio Comparison
SLQX.DE has a 1.38% expense ratio, which is higher than MIVA.DE's 0.23% expense ratio.
Dividends
SLQX.DE vs. MIVA.DE - Dividend Comparison
Neither SLQX.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
SLQX.DE and MIVA.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, 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.
SLQX.DE tracks SBI TOP Index, while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Expat and Amundi. Their fees differ too: 1.38% for SLQX.DE and 0.23% for MIVA.DE.
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