SLQX.DE vs. XESD.DE
SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - SLQX.DE tracks the SBI TOP Index while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, SLQX.DE returned 23.41%/yr vs 21.64%/yr for XESD.DE. At a 0.13 correlation, their price movements are largely independent. SLQX.DE charges 1.38%/yr vs 0.30%/yr for XESD.DE.
Performance
SLQX.DE vs. XESD.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 XESD.DE's 14.19% 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*
- —
XESD.DE
- 1D
- -0.55%
- 1M
- 0.24%
- 6M
- 11.25%
- YTD
- 14.19%
- 1Y
- 44.04%
- 3Y*
- 30.71%
- 5Y*
- 21.64%
- 10Y*
- 12.70%
SLQX.DE vs. XESD.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% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.19% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -10.69% |
Correlation
The correlation between SLQX.DE and XESD.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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.13 |
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Return for Risk
SLQX.DE vs. XESD.DE — Risk / Return Rank
SLQX.DE
XESD.DE
SLQX.DE vs. XESD.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 Xtrackers Spanish Equity UCITS ETF (XESD.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 | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.27 | -1.99 |
| Martin ratioReturn relative to average drawdown | 5.48 | 15.02 | -9.54 |
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Drawdowns
SLQX.DE vs. XESD.DE - Drawdown Comparison
The maximum SLQX.DE drawdown since its inception was -34.33%, smaller than the maximum XESD.DE drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for SLQX.DE and XESD.DE.
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Drawdown Indicators
| SLQX.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -38.76% | +4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -10.28% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -12.49% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -18.55% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.76% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.69% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -8.43% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.92% | +2.21% |
Volatility
SLQX.DE vs. XESD.DE - Volatility Comparison
The current volatility for Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) is 3.26%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.12%. This indicates that SLQX.DE experiences smaller price fluctuations and is considered to be less risky than XESD.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 | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 4.12% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 14.78% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 17.11% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 16.73% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 18.41% | -0.50% |
SLQX.DE vs. XESD.DE - Expense Ratio Comparison
SLQX.DE has a 1.38% expense ratio, which is higher than XESD.DE's 0.30% expense ratio.
Dividends
SLQX.DE vs. XESD.DE - Dividend Comparison
SLQX.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.35% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
SLQX.DE and XESD.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, XESD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESD.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for SLQX.DE.
SLQX.DE tracks SBI TOP Index, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Expat and Xtrackers. Their fees differ too: 1.38% for SLQX.DE and 0.30% for XESD.DE.
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