CZX.DE vs. 18M2.DE
CZX.DE (Expat Czech PX UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - CZX.DE tracks the PX Index while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 9.83%/yr for 18M2.DE. At a 0.35 correlation, their price movements are largely independent. CZX.DE charges 1.38%/yr vs 0.30%/yr for 18M2.DE.
Performance
CZX.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CZX.DE achieves a -0.76% return, which is significantly lower than 18M2.DE's 11.73% return.
CZX.DE
- 1D
- 0.09%
- 1M
- 0.94%
- 6M
- -2.81%
- YTD
- -0.76%
- 1Y
- 25.11%
- 3Y*
- 26.57%
- 5Y*
- 17.96%
- 10Y*
- —
18M2.DE
- 1D
- -0.19%
- 1M
- 2.38%
- 6M
- 11.39%
- YTD
- 11.73%
- 1Y
- 21.88%
- 3Y*
- 13.63%
- 5Y*
- 9.83%
- 10Y*
- 8.98%
CZX.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CZX.DE Expat Czech PX UCITS ETF | -0.76% | 59.06% | 25.21% | 15.53% | -14.17% | 36.32% | -8.82% | 15.70% | -18.19% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 11.73% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.31% |
Correlation
The correlation between CZX.DE and 18M2.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.35 |
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Return for Risk
CZX.DE vs. 18M2.DE — Risk / Return Rank
CZX.DE
18M2.DE
CZX.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Czech PX UCITS ETF (CZX.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| CZX.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.52 | -1.48 |
| Martin ratioReturn relative to average drawdown | 5.25 | 9.44 | -4.19 |
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Drawdowns
CZX.DE vs. 18M2.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, which is greater than 18M2.DE's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for CZX.DE and 18M2.DE.
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Drawdown Indicators
| CZX.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -37.06% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -6.19% | -6.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -14.68% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -20.81% | -5.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.06% | — |
Current DrawdownCurrent decline from peak | -4.39% | -0.19% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -6.39% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.31% | +2.59% |
Volatility
CZX.DE vs. 18M2.DE - Volatility Comparison
Expat Czech PX UCITS ETF (CZX.DE) has a higher volatility of 4.33% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.70%. This indicates that CZX.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZX.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.70% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 8.58% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 10.84% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 13.39% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 15.05% | +3.34% |
CZX.DE vs. 18M2.DE - Expense Ratio Comparison
CZX.DE has a 1.38% expense ratio, which is higher than 18M2.DE's 0.30% expense ratio.
Dividends
CZX.DE vs. 18M2.DE - Dividend Comparison
Neither CZX.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
CZX.DE and 18M2.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for CZX.DE.
CZX.DE tracks PX Index, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: Expat and Amundi. Their fees differ too: 1.38% for CZX.DE and 0.30% for 18M2.DE.
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