GRX.DE vs. HUBE.DE
GRX.DE (Expat Greece ASE UCITS ETF) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds from Expat - GRX.DE tracks the FTSE ATHEX Composite Index while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 5 years, GRX.DE returned 19.18%/yr vs 12.50%/yr for HUBE.DE. At a 0.30 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
GRX.DE vs. HUBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GRX.DE achieves a 17.31% return, which is significantly lower than HUBE.DE's 22.87% return.
GRX.DE
- 1D
- -0.34%
- 1M
- 1.13%
- 6M
- 10.97%
- YTD
- 17.31%
- 1Y
- 26.73%
- 3Y*
- 22.75%
- 5Y*
- 19.18%
- 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*
- —
GRX.DE vs. HUBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GRX.DE Expat Greece ASE UCITS ETF | 17.31% | 44.63% | 13.08% | 38.74% | -12.12% | 9.54% | -18.16% | 38.85% | -27.38% |
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 GRX.DE and HUBE.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.30 |
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Return for Risk
GRX.DE vs. HUBE.DE — Risk / Return Rank
GRX.DE
HUBE.DE
GRX.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Greece ASE UCITS ETF (GRX.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.
| GRX.DE | HUBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.62 | -2.06 |
| Martin ratioReturn relative to average drawdown | 4.59 | 10.80 | -6.20 |
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Drawdowns
GRX.DE vs. HUBE.DE - Drawdown Comparison
The maximum GRX.DE drawdown since its inception was -44.54%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for GRX.DE and HUBE.DE.
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Drawdown Indicators
| GRX.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.54% | -51.39% | +6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -11.41% | -5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -21.36% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -51.39% | +23.73% |
Current DrawdownCurrent decline from peak | -2.70% | -1.55% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -16.81% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 3.83% | +1.97% |
Volatility
GRX.DE vs. HUBE.DE - Volatility Comparison
The current volatility for Expat Greece ASE UCITS ETF (GRX.DE) is 4.20%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.84%. This indicates that GRX.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
| GRX.DE | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.84% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 16.50% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 20.27% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 24.65% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 21.99% | -0.46% |
GRX.DE vs. HUBE.DE - Expense Ratio Comparison
Both GRX.DE and HUBE.DE have an expense ratio of 1.38%.
Dividends
GRX.DE vs. HUBE.DE - Dividend Comparison
Neither GRX.DE nor HUBE.DE has paid dividends to shareholders.
Frequently Asked Questions
GRX.DE and HUBE.DE have a correlation of 0.33, 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.
GRX.DE and HUBE.DE have the same expense ratio: 1.38% per year.
GRX.DE tracks FTSE ATHEX Composite Index, while HUBE.DE tracks BUX Index.
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