SLQX.DE vs. SK9A.DE
SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) and SK9A.DE (Expat Slovakia SAX UCITS ETF) are both Europe Equities funds from Expat - SLQX.DE tracks the SBI TOP Index while SK9A.DE tracks the SAX Index. Both are passively managed. Over the past 5 years, SLQX.DE returned 23.30%/yr vs -11.34%/yr for SK9A.DE. At a 0.05 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
SLQX.DE vs. SK9A.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 SK9A.DE's -5.23% 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*
- —
SK9A.DE
- 1D
- 0.09%
- 1M
- 4.26%
- 6M
- -3.96%
- YTD
- -5.23%
- 1Y
- -8.43%
- 3Y*
- -8.81%
- 5Y*
- -11.34%
- 10Y*
- —
SLQX.DE vs. SK9A.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% |
SK9A.DE Expat Slovakia SAX UCITS ETF | -5.23% | -7.70% | -11.57% | -2.72% | -26.07% | 0.64% | -6.13% | -2.42% | -10.23% |
Correlation
The correlation between SLQX.DE and SK9A.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.05 |
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Return for Risk
SLQX.DE vs. SK9A.DE — Risk / Return Rank
SLQX.DE
SK9A.DE
SLQX.DE vs. SK9A.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 Expat Slovakia SAX UCITS ETF (SK9A.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 | SK9A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.84 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | -0.55 | +2.86 |
| Martin ratioReturn relative to average drawdown | 5.57 | -1.04 | +6.61 |
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Drawdowns
SLQX.DE vs. SK9A.DE - Drawdown Comparison
The maximum SLQX.DE drawdown since its inception was -34.33%, smaller than the maximum SK9A.DE drawdown of -73.30%. Use the drawdown chart below to compare losses from any high point for SLQX.DE and SK9A.DE.
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Drawdown Indicators
| SLQX.DE | SK9A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -73.30% | +38.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -15.32% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -31.08% | +18.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -49.50% | +25.41% |
Current DrawdownCurrent decline from peak | 0.00% | -71.32% | +71.32% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -45.90% | +36.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 8.06% | -2.93% |
Volatility
SLQX.DE vs. SK9A.DE - Volatility Comparison
The current volatility for Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) is 3.38%, while Expat Slovakia SAX UCITS ETF (SK9A.DE) has a volatility of 5.90%. This indicates that SLQX.DE experiences smaller price fluctuations and is considered to be less risky than SK9A.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 | SK9A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 5.90% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 7.80% | +8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 10.02% | +11.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 9.51% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 38.29% | -20.38% |
SLQX.DE vs. SK9A.DE - Expense Ratio Comparison
Both SLQX.DE and SK9A.DE have an expense ratio of 1.38%.
Dividends
SLQX.DE vs. SK9A.DE - Dividend Comparison
Neither SLQX.DE nor SK9A.DE has paid dividends to shareholders.
Frequently Asked Questions
SLQX.DE and SK9A.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SLQX.DE and SK9A.DE have the same expense ratio: 1.38% per year.
SLQX.DE tracks SBI TOP Index, while SK9A.DE tracks SAX Index.
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