HPAE.DE vs. HUBE.DE
HPAE.DE (HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds - HPAE.DE tracks the MSCI Europe NR EUR while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 3 years, HPAE.DE returned 12.55%/yr vs 32.81%/yr for HUBE.DE. At a 0.34 correlation, their price movements are largely independent. HPAE.DE charges 0.15%/yr vs 1.38%/yr for HUBE.DE.
Performance
HPAE.DE vs. HUBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HPAE.DE achieves a 9.04% return, which is significantly lower than HUBE.DE's 21.71% return.
HPAE.DE
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 5.15%
- YTD
- 9.04%
- 1Y
- 16.76%
- 3Y*
- 12.55%
- 5Y*
- —
- 10Y*
- —
HUBE.DE
- 1D
- -0.63%
- 1M
- -1.87%
- 6M
- 14.60%
- YTD
- 21.71%
- 1Y
- 38.94%
- 3Y*
- 32.81%
- 5Y*
- 12.29%
- 10Y*
- —
HPAE.DE vs. HUBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAE.DE HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc | 9.04% | 16.07% | 6.83% | 17.07% | -13.17% | 5.12% |
HUBE.DE Expat Hungary BUX UCITS ETF | 21.71% | 44.76% | 15.05% | 36.12% | -34.67% | -5.92% |
Correlation
The correlation between HPAE.DE and HUBE.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.34 |
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Return for Risk
HPAE.DE vs. HUBE.DE — Risk / Return Rank
HPAE.DE
HUBE.DE
HPAE.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc (HPAE.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.
| HPAE.DE | HUBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.40 | -1.81 |
| Martin ratioReturn relative to average drawdown | 5.82 | 10.12 | -4.30 |
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Drawdowns
HPAE.DE vs. HUBE.DE - Drawdown Comparison
The maximum HPAE.DE drawdown since its inception was -22.46%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for HPAE.DE and HUBE.DE.
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Drawdown Indicators
| HPAE.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.46% | -51.39% | +28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -11.41% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.94% | -21.36% | +5.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.39% | — |
Current DrawdownCurrent decline from peak | -2.02% | -2.48% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -16.81% | +11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.84% | -0.95% |
Volatility
HPAE.DE vs. HUBE.DE - Volatility Comparison
The current volatility for HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc (HPAE.DE) is 3.28%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.86%. This indicates that HPAE.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
| HPAE.DE | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.86% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 16.50% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 20.28% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.68% | 24.65% | -9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.68% | 21.99% | -7.31% |
HPAE.DE vs. HUBE.DE - Expense Ratio Comparison
HPAE.DE has a 0.15% expense ratio, which is lower than HUBE.DE's 1.38% expense ratio.
Dividends
HPAE.DE vs. HUBE.DE - Dividend Comparison
Neither HPAE.DE nor HUBE.DE has paid dividends to shareholders.
Frequently Asked Questions
HPAE.DE and HUBE.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAE.DE is cheaper with a 0.15% expense ratio, compared with 1.38% for HUBE.DE.
HPAE.DE tracks MSCI Europe NR EUR, while HUBE.DE tracks BUX Index. They also come from different issuers: HSBC and Expat. Their fees differ too: 0.15% for HPAE.DE and 1.38% for HUBE.DE.
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