CEMS.DE vs. HUBE.DE
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds - CEMS.DE tracks the MSCI Europe Enhanced Value while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 5 years, CEMS.DE returned 15.45%/yr vs 12.29%/yr for HUBE.DE. At a 0.32 correlation, their price movements are largely independent. CEMS.DE charges 0.25%/yr vs 1.38%/yr for HUBE.DE.
Performance
CEMS.DE vs. HUBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMS.DE achieves a 15.46% return, which is significantly lower than HUBE.DE's 21.71% return.
CEMS.DE
- 1D
- -0.43%
- 1M
- 0.51%
- 6M
- 12.44%
- YTD
- 15.46%
- 1Y
- 33.01%
- 3Y*
- 21.29%
- 5Y*
- 15.45%
- 10Y*
- 11.14%
HUBE.DE
- 1D
- -0.63%
- 1M
- -1.87%
- 6M
- 14.60%
- YTD
- 21.71%
- 1Y
- 38.94%
- 3Y*
- 32.81%
- 5Y*
- 12.29%
- 10Y*
- —
CEMS.DE vs. HUBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 15.46% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | -8.83% | 23.35% | -12.59% |
HUBE.DE Expat Hungary BUX UCITS ETF | 21.71% | 44.76% | 15.05% | 36.12% | -34.67% | 8.16% | -11.99% | 6.84% | -9.90% |
Correlation
The correlation between CEMS.DE and HUBE.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.32 |
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Return for Risk
CEMS.DE vs. HUBE.DE — Risk / Return Rank
CEMS.DE
HUBE.DE
CEMS.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) and Expat Hungary BUX UCITS ETF (HUBE.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.
| CEMS.DE | HUBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.34 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.40 | -0.12 |
| Martin ratioReturn relative to average drawdown | 12.34 | 10.12 | +2.22 |
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Drawdowns
CEMS.DE vs. HUBE.DE - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.22%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and HUBE.DE.
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Drawdown Indicators
| CEMS.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -51.39% | +11.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -11.41% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -21.36% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -51.39% | +31.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -2.48% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -16.81% | +9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.84% | -1.17% |
Volatility
CEMS.DE vs. HUBE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) is 4.20%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.86%. This indicates that CEMS.DE experiences smaller price fluctuations and is considered to be less risky than HUBE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMS.DE | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.86% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 16.50% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 20.28% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 24.65% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 21.99% | -4.93% |
CEMS.DE vs. HUBE.DE - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is lower than HUBE.DE's 1.38% expense ratio.
Dividends
CEMS.DE vs. HUBE.DE - Dividend Comparison
Neither CEMS.DE nor HUBE.DE has paid dividends to shareholders.
Frequently Asked Questions
CEMS.DE and HUBE.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for HUBE.DE.
CEMS.DE tracks MSCI Europe Enhanced Value, while HUBE.DE tracks BUX Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.25% for CEMS.DE and 1.38% for HUBE.DE.
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