ZPRW.DE vs. SLQX.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, ZPRW.DE returned 14.91%/yr vs 23.41%/yr for SLQX.DE. At a 0.12 correlation, their price movements are largely independent. ZPRW.DE charges 0.20%/yr vs 1.38%/yr for SLQX.DE.
Performance
ZPRW.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRW.DE achieves a 14.94% return, which is significantly lower than SLQX.DE's 26.72% return.
ZPRW.DE
- 1D
- -0.40%
- 1M
- 1.29%
- 6M
- 11.98%
- YTD
- 14.94%
- 1Y
- 32.77%
- 3Y*
- 20.81%
- 5Y*
- 14.91%
- 10Y*
- 11.23%
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
ZPRW.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.94% | 35.69% | 8.88% | 13.70% | -4.74% | 27.37% | -7.65% | 23.75% | -13.88% |
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% |
Correlation
The correlation between ZPRW.DE and SLQX.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
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 | 0.12 |
The correlation between ZPRW.DE and SLQX.DE shifts across timeframes, from 0.12 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. SLQX.DE — Risk / Return Rank
ZPRW.DE
SLQX.DE
ZPRW.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (ZPRW.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.
| ZPRW.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.28 | +1.24 |
| Martin ratioReturn relative to average drawdown | 13.12 | 5.48 | +7.64 |
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Drawdowns
ZPRW.DE vs. SLQX.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.52%, 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 ZPRW.DE and SLQX.DE.
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Drawdown Indicators
| ZPRW.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -34.33% | -5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -12.32% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -12.39% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -24.09% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -8.99% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 5.13% | -2.64% |
Volatility
ZPRW.DE vs. SLQX.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 3.73% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.26%. This indicates that ZPRW.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
| ZPRW.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 3.26% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 16.07% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 21.11% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 18.40% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 17.91% | -1.21% |
ZPRW.DE vs. SLQX.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
ZPRW.DE vs. SLQX.DE - Dividend Comparison
Neither ZPRW.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and SLQX.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 1.38% for SLQX.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: State Street and Expat. Their fees differ too: 0.20% for ZPRW.DE and 1.38% for SLQX.DE.
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