XESP.DE vs. SLQX.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, XESP.DE returned 21.76%/yr vs 23.30%/yr for SLQX.DE. At a 0.12 correlation, their price movements are largely independent. XESP.DE charges 0.30%/yr vs 1.38%/yr for SLQX.DE.
Performance
XESP.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XESP.DE achieves a 14.72% return, which is significantly lower than SLQX.DE's 26.18% return.
XESP.DE
- 1D
- -0.30%
- 1M
- 2.82%
- 6M
- 11.75%
- YTD
- 14.72%
- 1Y
- 45.90%
- 3Y*
- 31.04%
- 5Y*
- 21.76%
- 10Y*
- 12.69%
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
XESP.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.72% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -10.72% |
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% |
Correlation
The correlation between XESP.DE and SLQX.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
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 | 0.12 |
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Return for Risk
XESP.DE vs. SLQX.DE — Risk / Return Rank
XESP.DE
SLQX.DE
XESP.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and Expat Slovenia SBI TOP UCITS ETF (SLQX.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.
| XESP.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.29 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 2.31 | +2.18 |
| Martin ratioReturn relative to average drawdown | 15.96 | 5.57 | +10.39 |
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Drawdowns
XESP.DE vs. SLQX.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -40.70%, which is greater than SLQX.DE's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for XESP.DE and SLQX.DE.
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Drawdown Indicators
| XESP.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.70% | -34.33% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -12.32% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -12.39% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -24.09% | +5.53% |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | 0.00% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -8.99% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 5.13% | -2.26% |
Volatility
XESP.DE vs. SLQX.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.47% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.38%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than SLQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XESP.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 3.38% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 16.14% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 21.11% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 18.41% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 17.91% | +0.45% |
XESP.DE vs. SLQX.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
XESP.DE vs. SLQX.DE - Dividend Comparison
Neither XESP.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and SLQX.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESP.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for SLQX.DE.
XESP.DE tracks Solactive Spain 40, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: Xtrackers and Expat. Their fees differ too: 0.30% for XESP.DE and 1.38% for SLQX.DE.
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