ZPRX.DE vs. SLQX.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, ZPRX.DE returned 9.01%/yr vs 23.30%/yr for SLQX.DE. At a 0.14 correlation, their price movements are largely independent. ZPRX.DE charges 0.30%/yr vs 1.38%/yr for SLQX.DE.
Performance
ZPRX.DE vs. SLQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRX.DE achieves a 9.27% return, which is significantly lower than SLQX.DE's 26.18% return.
ZPRX.DE
- 1D
- 0.85%
- 1M
- 0.64%
- 6M
- 5.54%
- YTD
- 9.27%
- 1Y
- 16.24%
- 3Y*
- 15.20%
- 5Y*
- 9.01%
- 10Y*
- 8.95%
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
ZPRX.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 9.27% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -18.03% |
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 ZPRX.DE and SLQX.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.14 |
The correlation between ZPRX.DE and SLQX.DE shifts across timeframes, from 0.14 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRX.DE vs. SLQX.DE — Risk / Return Rank
ZPRX.DE
SLQX.DE
ZPRX.DE vs. SLQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| ZPRX.DE | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.31 | -0.92 |
| Martin ratioReturn relative to average drawdown | 5.03 | 5.57 | -0.54 |
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Drawdowns
ZPRX.DE vs. SLQX.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, 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 ZPRX.DE and SLQX.DE.
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Drawdown Indicators
| ZPRX.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -34.33% | -9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -12.32% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -12.39% | -3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -24.09% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | 0.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -8.99% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 5.13% | -1.91% |
Volatility
ZPRX.DE vs. SLQX.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 3.69% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.38%. This indicates that ZPRX.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
| ZPRX.DE | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 3.38% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 16.14% | -4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 21.11% | -6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 18.41% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 17.91% | -0.33% |
ZPRX.DE vs. SLQX.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
ZPRX.DE vs. SLQX.DE - Dividend Comparison
Neither ZPRX.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and SLQX.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for SLQX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: State Street and Expat. Their fees differ too: 0.30% for ZPRX.DE and 1.38% for SLQX.DE.
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