ZPAB.DE vs. SLQX.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, ZPAB.DE returned 10.22%/yr vs 23.41%/yr for SLQX.DE. At a 0.15 correlation, their price movements are largely independent. ZPAB.DE charges 0.20%/yr vs 1.38%/yr for SLQX.DE.
Performance
ZPAB.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPAB.DE achieves a 8.38% return, which is significantly lower than SLQX.DE's 26.72% return.
ZPAB.DE
- 1D
- -1.16%
- 1M
- -2.06%
- 6M
- 5.51%
- YTD
- 8.38%
- 1Y
- 16.39%
- 3Y*
- 15.96%
- 5Y*
- 10.22%
- 10Y*
- —
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
ZPAB.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPAB.DE Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc | 8.38% | 22.01% | 13.92% | 22.06% | -17.12% | 24.77% | 9.80% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.72% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | 7.41% |
Correlation
The correlation between ZPAB.DE and SLQX.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2020 | 0.15 |
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Return for Risk
ZPAB.DE vs. SLQX.DE — Risk / Return Rank
ZPAB.DE
SLQX.DE
ZPAB.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.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.
| ZPAB.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.28 | -0.82 |
| Martin ratioReturn relative to average drawdown | 5.24 | 5.48 | -0.24 |
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Drawdowns
ZPAB.DE vs. SLQX.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.69%, smaller than the maximum SLQX.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and SLQX.DE.
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Drawdown Indicators
| ZPAB.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.69% | -34.33% | +5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -12.32% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -12.39% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -28.69% | -24.09% | -4.60% |
Current DrawdownCurrent decline from peak | -2.41% | 0.00% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -8.99% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 5.13% | -2.01% |
Volatility
ZPAB.DE vs. SLQX.DE - Volatility Comparison
Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) has a higher volatility of 3.89% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.26%. This indicates that ZPAB.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
| ZPAB.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 3.26% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 16.07% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 21.11% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 18.40% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 17.91% | -1.01% |
ZPAB.DE vs. SLQX.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
ZPAB.DE vs. SLQX.DE - Dividend Comparison
Neither ZPAB.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and SLQX.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPAB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPAB.DE is cheaper with a 0.20% expense ratio, compared with 1.38% for SLQX.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: Amundi and Expat. Their fees differ too: 0.20% for ZPAB.DE and 1.38% for SLQX.DE.
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