CZX.DE vs. EUPE.DE
CZX.DE (Expat Czech PX UCITS ETF) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both Europe Equities funds - CZX.DE tracks the PX Index while EUPE.DE tracks the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 9.14%/yr for EUPE.DE. At a 0.30 correlation, their price movements are largely independent. CZX.DE charges 1.38%/yr vs 0.65%/yr for EUPE.DE.
Performance
CZX.DE vs. EUPE.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 EUPE.DE's 17.10% 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*
- —
EUPE.DE
- 1D
- 0.14%
- 1M
- 1.49%
- 6M
- 14.09%
- YTD
- 17.10%
- 1Y
- 29.36%
- 3Y*
- 11.72%
- 5Y*
- 9.14%
- 10Y*
- 8.83%
CZX.DE vs. EUPE.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% |
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 17.10% | 12.45% | 2.14% | 12.84% | -6.14% | 25.64% | 2.80% | 24.48% | -3.35% |
Correlation
The correlation between CZX.DE and EUPE.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.30 |
The correlation between CZX.DE and EUPE.DE shifts across timeframes, from 0.12 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CZX.DE vs. EUPE.DE — Risk / Return Rank
CZX.DE
EUPE.DE
CZX.DE vs. EUPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Czech PX UCITS ETF (CZX.DE) and Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 5.75 | -3.72 |
| Martin ratioReturn relative to average drawdown | 5.25 | 16.38 | -11.13 |
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Drawdowns
CZX.DE vs. EUPE.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, which is greater than EUPE.DE's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for CZX.DE and EUPE.DE.
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Drawdown Indicators
| CZX.DE | EUPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -32.64% | -9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -5.08% | -7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -15.63% | +3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -15.63% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -4.39% | -1.64% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -4.88% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 1.79% | +3.11% |
Volatility
CZX.DE vs. EUPE.DE - Volatility Comparison
Expat Czech PX UCITS ETF (CZX.DE) has a higher volatility of 4.33% compared to Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) at 3.63%. This indicates that CZX.DE's price experiences larger fluctuations and is considered to be riskier than EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.63% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 8.82% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 11.42% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 13.19% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 14.57% | +3.82% |
CZX.DE vs. EUPE.DE - Expense Ratio Comparison
CZX.DE has a 1.38% expense ratio, which is higher than EUPE.DE's 0.65% expense ratio.
Dividends
CZX.DE vs. EUPE.DE - Dividend Comparison
Neither CZX.DE nor EUPE.DE has paid dividends to shareholders.
Frequently Asked Questions
CZX.DE and EUPE.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUPE.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUPE.DE is cheaper with a 0.65% expense ratio, compared with 1.38% for CZX.DE.
CZX.DE tracks PX Index, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: Expat and Natixis. Their fees differ too: 1.38% for CZX.DE and 0.65% for EUPE.DE.
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