CZX.DE vs. HUBE.DE
CZX.DE (Expat Czech PX UCITS ETF) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds from Expat - CZX.DE tracks the PX Index while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 12.50%/yr for HUBE.DE. At a 0.33 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
CZX.DE vs. HUBE.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 HUBE.DE's 22.87% 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*
- —
HUBE.DE
- 1D
- 0.32%
- 1M
- -0.31%
- 6M
- 17.41%
- YTD
- 22.87%
- 1Y
- 41.52%
- 3Y*
- 33.32%
- 5Y*
- 12.50%
- 10Y*
- —
CZX.DE vs. HUBE.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% | -17.38% |
HUBE.DE Expat Hungary BUX UCITS ETF | 22.87% | 44.76% | 15.05% | 36.12% | -34.67% | 8.16% | -11.99% | 6.84% | -9.90% |
Correlation
The correlation between CZX.DE and HUBE.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.33 |
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Return for Risk
CZX.DE vs. HUBE.DE — Risk / Return Rank
CZX.DE
HUBE.DE
CZX.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Czech PX UCITS ETF (CZX.DE) and Expat Hungary BUX UCITS ETF (HUBE.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 | HUBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.62 | -1.59 |
| Martin ratioReturn relative to average drawdown | 5.25 | 10.80 | -5.55 |
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Drawdowns
CZX.DE vs. HUBE.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for CZX.DE and HUBE.DE.
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Drawdown Indicators
| CZX.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -51.39% | +9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -11.41% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -21.36% | +8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -51.39% | +25.52% |
Current DrawdownCurrent decline from peak | -4.39% | -1.55% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -16.81% | +7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.83% | +1.07% |
Volatility
CZX.DE vs. HUBE.DE - Volatility Comparison
The current volatility for Expat Czech PX UCITS ETF (CZX.DE) is 4.33%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.84%. This indicates that CZX.DE experiences smaller price fluctuations and is considered to be less risky than HUBE.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 | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.84% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 16.50% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 20.27% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 24.65% | -7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 21.99% | -3.60% |
CZX.DE vs. HUBE.DE - Expense Ratio Comparison
Both CZX.DE and HUBE.DE have an expense ratio of 1.38%.
Dividends
CZX.DE vs. HUBE.DE - Dividend Comparison
Neither CZX.DE nor HUBE.DE has paid dividends to shareholders.
Frequently Asked Questions
CZX.DE and HUBE.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CZX.DE and HUBE.DE have the same expense ratio: 1.38% per year.
CZX.DE tracks PX Index, while HUBE.DE tracks BUX Index.
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