CZX.DE vs. H4ZZ.DE
CZX.DE (Expat Czech PX UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - CZX.DE tracks the PX Index while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, CZX.DE returned 25.11% vs 20.11% for H4ZZ.DE. At a 0.37 correlation, their price movements are largely independent. CZX.DE charges 1.38%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
CZX.DE vs. H4ZZ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CZX.DE achieves a -0.76% return, which is significantly lower than H4ZZ.DE's 10.36% 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*
- —
H4ZZ.DE
- 1D
- -0.19%
- 1M
- 0.80%
- 6M
- 6.42%
- YTD
- 10.36%
- 1Y
- 20.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CZX.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CZX.DE Expat Czech PX UCITS ETF | -0.76% | 59.06% | 10.37% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.36% | 22.35% | -2.42% |
Correlation
The correlation between CZX.DE and H4ZZ.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 (All Time) Calculated using the full available price history since Jun 3, 2024 | 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. H4ZZ.DE — Risk / Return Rank
CZX.DE
H4ZZ.DE
CZX.DE vs. H4ZZ.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 (Acc) (H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.83 | +0.21 |
| Martin ratioReturn relative to average drawdown | 5.25 | 6.40 | -1.15 |
Loading charts...
Drawdowns
CZX.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for CZX.DE and H4ZZ.DE.
Loading charts...
Drawdown Indicators
| CZX.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -16.46% | -25.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -10.94% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | — | — |
Current DrawdownCurrent decline from peak | -4.39% | -2.21% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -2.63% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.13% | +1.77% |
Volatility
CZX.DE vs. H4ZZ.DE - Volatility Comparison
Expat Czech PX UCITS ETF (CZX.DE) has a higher volatility of 4.33% compared to HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) at 4.01%. This indicates that CZX.DE's price experiences larger fluctuations and is considered to be riskier than H4ZZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CZX.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.01% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 13.41% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 16.07% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 16.76% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 16.76% | +1.63% |
CZX.DE vs. H4ZZ.DE - Expense Ratio Comparison
CZX.DE has a 1.38% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
CZX.DE vs. H4ZZ.DE - Dividend Comparison
Neither CZX.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
CZX.DE and H4ZZ.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, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 1.38% for CZX.DE.
CZX.DE tracks PX Index, while H4ZZ.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 H4ZZ.DE.
Find the right allocation for CZX.DE and H4ZZ.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