CZX.DE vs. EXXX.DE
CZX.DE (Expat Czech PX UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - CZX.DE tracks the PX Index while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 17.90%/yr for EXXX.DE. At a 0.44 correlation, their price movements are largely independent. CZX.DE charges 1.38%/yr vs 0.32%/yr for EXXX.DE.
Performance
CZX.DE vs. EXXX.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 EXXX.DE's 24.87% 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*
- —
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
CZX.DE vs. EXXX.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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -19.25% |
Correlation
The correlation between CZX.DE and EXXX.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.44 |
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Return for Risk
CZX.DE vs. EXXX.DE — Risk / Return Rank
CZX.DE
EXXX.DE
CZX.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.47 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.53 | -2.49 |
| Martin ratioReturn relative to average drawdown | 5.25 | 15.24 | -9.99 |
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Drawdowns
CZX.DE vs. EXXX.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for CZX.DE and EXXX.DE.
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Drawdown Indicators
| CZX.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -71.43% | +29.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -10.71% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -16.11% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -32.69% | +6.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.90% | — |
Current DrawdownCurrent decline from peak | -4.39% | -1.64% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -28.46% | +19.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.19% | +1.71% |
Volatility
CZX.DE vs. EXXX.DE - Volatility Comparison
The current volatility for Expat Czech PX UCITS ETF (CZX.DE) is 4.33%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.00%. This indicates that CZX.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.00% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 14.65% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 17.46% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 19.14% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 19.93% | -1.54% |
CZX.DE vs. EXXX.DE - Expense Ratio Comparison
CZX.DE has a 1.38% expense ratio, which is higher than EXXX.DE's 0.32% expense ratio.
Dividends
CZX.DE vs. EXXX.DE - Dividend Comparison
CZX.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 2.95%.
| 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
CZX.DE and EXXX.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXXX.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXXX.DE is cheaper with a 0.32% expense ratio, compared with 1.38% for CZX.DE.
CZX.DE tracks PX Index, while EXXX.DE tracks ATX Index. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for CZX.DE and 0.32% for EXXX.DE.
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