CZX.DE vs. H4ZA.DE
CZX.DE (Expat Czech PX UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - CZX.DE tracks the PX Index while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, CZX.DE returned 17.84%/yr vs 12.34%/yr for H4ZA.DE. At a 0.37 correlation, their price movements are largely independent. CZX.DE charges 1.38%/yr vs 0.05%/yr for H4ZA.DE.
Performance
CZX.DE vs. H4ZA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CZX.DE achieves a -1.27% return, which is significantly lower than H4ZA.DE's 9.79% return.
CZX.DE
- 1D
- -0.43%
- 1M
- -0.43%
- 6M
- -3.31%
- YTD
- -1.27%
- 1Y
- 23.81%
- 3Y*
- 26.35%
- 5Y*
- 17.84%
- 10Y*
- —
H4ZA.DE
- 1D
- -0.80%
- 1M
- -0.88%
- 6M
- 5.52%
- YTD
- 9.79%
- 1Y
- 18.89%
- 3Y*
- 15.78%
- 5Y*
- 12.34%
- 10Y*
- 11.03%
CZX.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CZX.DE Expat Czech PX UCITS ETF | -1.27% | 59.06% | 25.21% | 15.53% | -14.17% | 36.32% | -8.82% | 15.70% | -18.19% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.79% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -10.41% |
Correlation
The correlation between CZX.DE and H4ZA.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
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 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CZX.DE vs. H4ZA.DE — Risk / Return Rank
CZX.DE
H4ZA.DE
CZX.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Czech PX UCITS ETF (CZX.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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 | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.72 | +0.17 |
| Martin ratioReturn relative to average drawdown | 4.84 | 6.00 | -1.16 |
Loading charts...
Drawdowns
CZX.DE vs. H4ZA.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, which is greater than H4ZA.DE's maximum drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for CZX.DE and H4ZA.DE.
Loading charts...
Drawdown Indicators
| CZX.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -38.40% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -10.97% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -16.39% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -23.26% | -2.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.40% | — |
Current DrawdownCurrent decline from peak | -4.88% | -2.69% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -7.18% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 3.14% | +1.77% |
Volatility
CZX.DE vs. H4ZA.DE - Volatility Comparison
Expat Czech PX UCITS ETF (CZX.DE) has a higher volatility of 4.26% compared to HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) at 3.98%. This indicates that CZX.DE's price experiences larger fluctuations and is considered to be riskier than H4ZA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CZX.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 3.98% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 13.35% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 16.04% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 17.53% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 17.81% | +0.58% |
CZX.DE vs. H4ZA.DE - Expense Ratio Comparison
CZX.DE has a 1.38% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
CZX.DE vs. H4ZA.DE - Dividend Comparison
CZX.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.38%.
| 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% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.38% | 2.49% | 2.89% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
Frequently Asked Questions
CZX.DE and H4ZA.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 1.38% for CZX.DE.
CZX.DE tracks PX Index, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Expat and HSBC. Their fees differ too: 1.38% for CZX.DE and 0.05% for H4ZA.DE.
Find the right allocation for CZX.DE and H4ZA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer