CZX.DE vs. XB4A.DE
CZX.DE (Expat Czech PX UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - CZX.DE tracks the PX Index while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 5 years, CZX.DE returned 17.96%/yr vs 18.18%/yr for XB4A.DE. At a 0.44 correlation, their price movements are largely independent. CZX.DE charges 1.38%/yr vs 0.25%/yr for XB4A.DE.
Performance
CZX.DE vs. XB4A.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 XB4A.DE's 24.81% 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*
- —
XB4A.DE
- 1D
- -0.62%
- 1M
- 1.14%
- 6M
- 22.10%
- YTD
- 24.81%
- 1Y
- 48.60%
- 3Y*
- 31.52%
- 5Y*
- 18.18%
- 10Y*
- 14.71%
CZX.DE vs. XB4A.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% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 24.81% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -18.32% |
Correlation
The correlation between CZX.DE and XB4A.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 | 0.41 |
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 |
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. XB4A.DE — Risk / Return Rank
CZX.DE
XB4A.DE
CZX.DE vs. XB4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Czech PX UCITS ETF (CZX.DE) and Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.44 | -2.41 |
| Martin ratioReturn relative to average drawdown | 5.25 | 15.07 | -9.82 |
Loading charts...
Drawdowns
CZX.DE vs. XB4A.DE - Drawdown Comparison
The maximum CZX.DE drawdown since its inception was -41.92%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for CZX.DE and XB4A.DE.
Loading charts...
Drawdown Indicators
| CZX.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -53.54% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -10.88% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -16.26% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -32.50% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.54% | — |
Current DrawdownCurrent decline from peak | -4.39% | -1.85% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -9.88% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.22% | +1.68% |
Volatility
CZX.DE vs. XB4A.DE - Volatility Comparison
The current volatility for Expat Czech PX UCITS ETF (CZX.DE) is 4.33%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 5.22%. This indicates that CZX.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CZX.DE | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.22% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 14.88% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 17.61% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 19.15% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 20.15% | -1.76% |
CZX.DE vs. XB4A.DE - Expense Ratio Comparison
CZX.DE has a 1.38% expense ratio, which is higher than XB4A.DE's 0.25% expense ratio.
Dividends
CZX.DE vs. XB4A.DE - Dividend Comparison
Neither CZX.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
CZX.DE and XB4A.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, XB4A.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for CZX.DE.
CZX.DE tracks PX Index, while XB4A.DE tracks ATX Index. They also come from different issuers: Expat and Xtrackers. Their fees differ too: 1.38% for CZX.DE and 0.25% for XB4A.DE.
Find the right allocation for CZX.DE and XB4A.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