CZX.DE vs. ROX.DE
CZX.DE (Expat Czech PX UCITS ETF) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds from Expat - CZX.DE tracks the PX Index while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 22.95%/yr for ROX.DE. At a 0.19 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
CZX.DE vs. ROX.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 ROX.DE's 36.66% 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*
- —
ROX.DE
- 1D
- -0.61%
- 1M
- 13.62%
- 6M
- 23.70%
- YTD
- 36.66%
- 1Y
- 72.86%
- 3Y*
- 35.39%
- 5Y*
- 22.95%
- 10Y*
- —
CZX.DE vs. ROX.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% |
ROX.DE Expat Romania BET UCITS ETF | 36.66% | 43.69% | 13.19% | 22.15% | -3.87% | 34.78% | -1.71% | 34.41% | -15.49% |
Correlation
The correlation between CZX.DE and ROX.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.19 |
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Return for Risk
CZX.DE vs. ROX.DE — Risk / Return Rank
CZX.DE
ROX.DE
CZX.DE vs. ROX.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 Romania BET UCITS ETF (ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.62 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 9.16 | -7.13 |
| Martin ratioReturn relative to average drawdown | 5.25 | 28.50 | -23.25 |
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Drawdowns
CZX.DE vs. ROX.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, which is greater than ROX.DE's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for CZX.DE and ROX.DE.
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Drawdown Indicators
| CZX.DE | ROX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -29.00% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -7.91% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -17.52% | +4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -19.51% | -6.36% |
Current DrawdownCurrent decline from peak | -4.39% | -0.61% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -5.26% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.55% | +2.35% |
Volatility
CZX.DE vs. ROX.DE - Volatility Comparison
The current volatility for Expat Czech PX UCITS ETF (CZX.DE) is 4.33%, while Expat Romania BET UCITS ETF (ROX.DE) has a volatility of 5.33%. This indicates that CZX.DE experiences smaller price fluctuations and is considered to be less risky than ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.33% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 13.80% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 19.34% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 19.81% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 21.02% | -2.63% |
CZX.DE vs. ROX.DE - Expense Ratio Comparison
Both CZX.DE and ROX.DE have an expense ratio of 1.38%.
Dividends
CZX.DE vs. ROX.DE - Dividend Comparison
Neither CZX.DE nor ROX.DE has paid dividends to shareholders.
Frequently Asked Questions
CZX.DE and ROX.DE have a correlation of 0.12, 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 ROX.DE have the same expense ratio: 1.38% per year.
CZX.DE tracks PX Index, while ROX.DE tracks BET Index.
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