SLQX.DE vs. VALU.DE
SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) and VALU.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both Europe Equities funds - SLQX.DE tracks the SBI TOP Index while VALU.DE tracks the BNP Paribas Value Europe ESG. Both are passively managed. Over the past 5 years, SLQX.DE returned 23.41%/yr vs 8.64%/yr for VALU.DE. At a 0.11 correlation, their price movements are largely independent. SLQX.DE charges 1.38%/yr vs 0.30%/yr for VALU.DE.
Performance
SLQX.DE vs. VALU.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 VALU.DE's 15.66% 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*
- —
VALU.DE
- 1D
- -0.12%
- 1M
- 2.20%
- 6M
- 13.75%
- YTD
- 15.66%
- 1Y
- 25.85%
- 3Y*
- 18.22%
- 5Y*
- 8.64%
- 10Y*
- 7.95%
SLQX.DE vs. VALU.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% |
VALU.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 15.66% | 23.55% | 9.22% | 14.94% | -19.32% | 23.14% | -12.18% | 17.78% | -10.55% |
Correlation
The correlation between SLQX.DE and VALU.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.11 |
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Return for Risk
SLQX.DE vs. VALU.DE — Risk / Return Rank
SLQX.DE
VALU.DE
SLQX.DE vs. VALU.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 BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.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 | VALU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.34 | -1.06 |
| Martin ratioReturn relative to average drawdown | 5.48 | 11.98 | -6.50 |
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Drawdowns
SLQX.DE vs. VALU.DE - Drawdown Comparison
The maximum SLQX.DE drawdown since its inception was -34.33%, smaller than the maximum VALU.DE drawdown of -41.04%. Use the drawdown chart below to compare losses from any high point for SLQX.DE and VALU.DE.
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Drawdown Indicators
| SLQX.DE | VALU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -41.04% | +6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -7.71% | -4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -14.17% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -31.19% | +7.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -7.67% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.15% | +2.98% |
Volatility
SLQX.DE vs. VALU.DE - Volatility Comparison
Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) has a higher volatility of 3.26% compared to BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE) at 3.03%. This indicates that SLQX.DE's price experiences larger fluctuations and is considered to be riskier than VALU.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 | VALU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.03% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 9.74% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 11.71% | +9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 14.44% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 15.64% | +2.27% |
SLQX.DE vs. VALU.DE - Expense Ratio Comparison
SLQX.DE has a 1.38% expense ratio, which is higher than VALU.DE's 0.30% expense ratio.
Dividends
SLQX.DE vs. VALU.DE - Dividend Comparison
Neither SLQX.DE nor VALU.DE has paid dividends to shareholders.
Frequently Asked Questions
SLQX.DE and VALU.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALU.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for SLQX.DE.
SLQX.DE tracks SBI TOP Index, while VALU.DE tracks BNP Paribas Value Europe ESG. They also come from different issuers: Expat and BNP Paribas. Their fees differ too: 1.38% for SLQX.DE and 0.30% for VALU.DE.
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