HUBE.DE vs. CEMQ.DE
HUBE.DE (Expat Hungary BUX UCITS ETF) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both Europe Equities funds - HUBE.DE tracks the BUX Index while CEMQ.DE tracks the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 5 years, HUBE.DE returned 12.29%/yr vs 6.18%/yr for CEMQ.DE. At a 0.29 correlation, their price movements are largely independent. HUBE.DE charges 1.38%/yr vs 0.25%/yr for CEMQ.DE.
Performance
HUBE.DE vs. CEMQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HUBE.DE achieves a 21.71% return, which is significantly higher than CEMQ.DE's 8.53% return.
HUBE.DE
- 1D
- -0.63%
- 1M
- -1.87%
- 6M
- 14.60%
- YTD
- 21.71%
- 1Y
- 38.94%
- 3Y*
- 32.81%
- 5Y*
- 12.29%
- 10Y*
- —
CEMQ.DE
- 1D
- -0.17%
- 1M
- 0.75%
- 6M
- 4.31%
- YTD
- 8.53%
- 1Y
- 14.16%
- 3Y*
- 9.45%
- 5Y*
- 6.18%
- 10Y*
- 8.33%
HUBE.DE vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 8.53% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -4.84% |
Correlation
The correlation between HUBE.DE and CEMQ.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.29 |
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Return for Risk
HUBE.DE vs. CEMQ.DE — Risk / Return Rank
HUBE.DE
CEMQ.DE
HUBE.DE vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Hungary BUX UCITS ETF (HUBE.DE) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
| HUBE.DE | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.68 | +1.71 |
| Martin ratioReturn relative to average drawdown | 10.12 | 5.80 | +4.31 |
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Drawdowns
HUBE.DE vs. CEMQ.DE - Drawdown Comparison
The maximum HUBE.DE drawdown since its inception was -51.39%, which is greater than CEMQ.DE's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for HUBE.DE and CEMQ.DE.
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Drawdown Indicators
| HUBE.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.39% | -33.76% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -8.38% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -14.96% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -51.39% | -19.65% | -31.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.76% | — |
Current DrawdownCurrent decline from peak | -2.48% | -1.63% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -5.31% | -11.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.43% | +1.41% |
Volatility
HUBE.DE vs. CEMQ.DE - Volatility Comparison
Expat Hungary BUX UCITS ETF (HUBE.DE) has a higher volatility of 4.86% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 2.61%. This indicates that HUBE.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUBE.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 2.61% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 9.65% | +6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 12.03% | +8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 14.02% | +10.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 14.67% | +7.32% |
HUBE.DE vs. CEMQ.DE - Expense Ratio Comparison
HUBE.DE has a 1.38% expense ratio, which is higher than CEMQ.DE's 0.25% expense ratio.
Dividends
HUBE.DE vs. CEMQ.DE - Dividend Comparison
Neither HUBE.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
HUBE.DE and CEMQ.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMQ.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for HUBE.DE.
HUBE.DE tracks BUX Index, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for HUBE.DE and 0.25% for CEMQ.DE.
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