CZX.DE vs. EXSH.DE
CZX.DE (Expat Czech PX UCITS ETF) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both Europe Equities funds - CZX.DE tracks the PX Index while EXSH.DE tracks the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 12.91%/yr for EXSH.DE. At a 0.36 correlation, their price movements are largely independent. CZX.DE charges 1.38%/yr vs 0.32%/yr for EXSH.DE.
Performance
CZX.DE vs. EXSH.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 EXSH.DE's 16.62% 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*
- —
EXSH.DE
- 1D
- 0.51%
- 1M
- 1.55%
- 6M
- 13.99%
- YTD
- 16.62%
- 1Y
- 34.13%
- 3Y*
- 23.60%
- 5Y*
- 12.91%
- 10Y*
- 10.03%
CZX.DE vs. EXSH.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% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 16.62% | 44.77% | 4.92% | 9.87% | -11.13% | 23.58% | -10.14% | 26.86% | -3.87% |
Correlation
The correlation between CZX.DE and EXSH.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
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 Mar 19, 2018 | 0.36 |
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Return for Risk
CZX.DE vs. EXSH.DE — Risk / Return Rank
CZX.DE
EXSH.DE
CZX.DE vs. EXSH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Czech PX UCITS ETF (CZX.DE) and iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 5.11 | -3.07 |
| Martin ratioReturn relative to average drawdown | 5.25 | 16.19 | -10.94 |
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Drawdowns
CZX.DE vs. EXSH.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, smaller than the maximum EXSH.DE drawdown of -70.19%. Use the drawdown chart below to compare losses from any high point for CZX.DE and EXSH.DE.
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Drawdown Indicators
| CZX.DE | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -70.19% | +28.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -6.65% | -5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -14.42% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -23.46% | -2.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.37% | — |
Current DrawdownCurrent decline from peak | -4.39% | 0.00% | -4.39% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -24.77% | +15.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.10% | +2.80% |
Volatility
CZX.DE vs. EXSH.DE - Volatility Comparison
Expat Czech PX UCITS ETF (CZX.DE) has a higher volatility of 4.33% compared to iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) at 3.05%. This indicates that CZX.DE's price experiences larger fluctuations and is considered to be riskier than EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.05% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 10.09% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 12.28% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 14.60% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 16.83% | +1.56% |
CZX.DE vs. EXSH.DE - Expense Ratio Comparison
CZX.DE has a 1.38% expense ratio, which is higher than EXSH.DE's 0.32% expense ratio.
Dividends
CZX.DE vs. EXSH.DE - Dividend Comparison
CZX.DE has not paid dividends to shareholders, while EXSH.DE's dividend yield for the trailing twelve months is around 4.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZX.DE Expat Czech PX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.95% | 5.06% | 5.08% | 5.55% | 5.26% | 3.26% | 3.11% | 3.90% | 3.85% | 4.36% | 4.33% | 3.44% |
Frequently Asked Questions
CZX.DE and EXSH.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSH.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSH.DE is cheaper with a 0.32% expense ratio, compared with 1.38% for CZX.DE.
CZX.DE tracks PX Index, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for CZX.DE and 0.32% for EXSH.DE.
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