H4ZA.DE vs. HUBE.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 5 years, H4ZA.DE returned 12.34%/yr vs 12.29%/yr for HUBE.DE. At a 0.33 correlation, their price movements are largely independent. H4ZA.DE charges 0.05%/yr vs 1.38%/yr for HUBE.DE.
Performance
H4ZA.DE vs. HUBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZA.DE achieves a 9.79% return, which is significantly lower than HUBE.DE's 21.71% return.
H4ZA.DE
- 1D
- -0.80%
- 1M
- -0.88%
- 6M
- 5.52%
- YTD
- 9.79%
- 1Y
- 18.89%
- 3Y*
- 15.78%
- 5Y*
- 12.34%
- 10Y*
- 11.03%
HUBE.DE
- 1D
- -0.63%
- 1M
- -1.87%
- 6M
- 14.60%
- YTD
- 21.71%
- 1Y
- 38.94%
- 3Y*
- 32.81%
- 5Y*
- 12.29%
- 10Y*
- —
H4ZA.DE vs. HUBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.79% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -10.91% |
HUBE.DE Expat Hungary BUX UCITS ETF | 21.71% | 44.76% | 15.05% | 36.12% | -34.67% | 8.16% | -11.99% | 6.84% | -9.90% |
Correlation
The correlation between H4ZA.DE and HUBE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.33 |
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Return for Risk
H4ZA.DE vs. HUBE.DE — Risk / Return Rank
H4ZA.DE
HUBE.DE
H4ZA.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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.
| H4ZA.DE | HUBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.40 | -1.68 |
| Martin ratioReturn relative to average drawdown | 6.00 | 10.12 | -4.12 |
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Drawdowns
H4ZA.DE vs. HUBE.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.40%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and HUBE.DE.
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Drawdown Indicators
| H4ZA.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.40% | -51.39% | +12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -11.41% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.39% | -21.36% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -51.39% | +28.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.40% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -2.48% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -16.81% | +9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.84% | -0.70% |
Volatility
H4ZA.DE vs. HUBE.DE - Volatility Comparison
The current volatility for HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) is 3.98%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.86%. This indicates that H4ZA.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
| H4ZA.DE | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.86% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 16.50% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 20.28% | -4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 24.65% | -7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 21.99% | -4.18% |
H4ZA.DE vs. HUBE.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than HUBE.DE's 1.38% expense ratio.
Dividends
H4ZA.DE vs. HUBE.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.38%, while HUBE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.38% | 2.49% | 2.89% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
HUBE.DE Expat Hungary BUX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
H4ZA.DE and HUBE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 1.38% for HUBE.DE.
H4ZA.DE tracks EURO STOXX® 50, while HUBE.DE tracks BUX Index. They also come from different issuers: HSBC and Expat. Their fees differ too: 0.05% for H4ZA.DE and 1.38% for HUBE.DE.
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