HUBE.DE vs. CZX.DE
HUBE.DE (Expat Hungary BUX UCITS ETF) and CZX.DE (Expat Czech PX UCITS ETF) are both Europe Equities funds from Expat - HUBE.DE tracks the BUX Index while CZX.DE tracks the PX Index. Both are passively managed. Over the past 5 years, HUBE.DE returned 12.50%/yr vs 17.96%/yr for CZX.DE. At a 0.33 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
HUBE.DE vs. CZX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HUBE.DE achieves a 22.87% return, which is significantly higher than CZX.DE's -0.76% return.
HUBE.DE
- 1D
- 0.32%
- 1M
- -0.31%
- 6M
- 17.41%
- YTD
- 22.87%
- 1Y
- 41.52%
- 3Y*
- 33.32%
- 5Y*
- 12.50%
- 10Y*
- —
CZX.DE
- 1D
- 0.09%
- 1M
- 0.94%
- 6M
- -2.81%
- YTD
- -0.76%
- 1Y
- 25.11%
- 3Y*
- 26.57%
- 5Y*
- 17.96%
- 10Y*
- —
HUBE.DE vs. CZX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
CZX.DE Expat Czech PX UCITS ETF | -0.76% | 59.06% | 25.21% | 15.53% | -14.17% | 36.32% | -8.82% | 15.70% | -17.38% |
Correlation
The correlation between HUBE.DE and CZX.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.33 |
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Return for Risk
HUBE.DE vs. CZX.DE — Risk / Return Rank
HUBE.DE
CZX.DE
HUBE.DE vs. CZX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Hungary BUX UCITS ETF (HUBE.DE) and Expat Czech PX UCITS ETF (CZX.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 | CZX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 2.04 | +1.59 |
| Martin ratioReturn relative to average drawdown | 10.80 | 5.25 | +5.55 |
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Drawdowns
HUBE.DE vs. CZX.DE - Drawdown Comparison
The maximum HUBE.DE drawdown since its inception was -51.39%, which is greater than CZX.DE's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for HUBE.DE and CZX.DE.
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Drawdown Indicators
| HUBE.DE | CZX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.39% | -41.92% | -9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -12.60% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -12.60% | -8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -51.39% | -25.87% | -25.52% |
Current DrawdownCurrent decline from peak | -1.55% | -4.39% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -8.94% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 4.90% | -1.07% |
Volatility
HUBE.DE vs. CZX.DE - Volatility Comparison
Expat Hungary BUX UCITS ETF (HUBE.DE) has a higher volatility of 4.84% compared to Expat Czech PX UCITS ETF (CZX.DE) at 4.33%. This indicates that HUBE.DE's price experiences larger fluctuations and is considered to be riskier than CZX.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 | CZX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 4.33% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 14.19% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 17.56% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 17.14% | +7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 18.39% | +3.60% |
HUBE.DE vs. CZX.DE - Expense Ratio Comparison
Both HUBE.DE and CZX.DE have an expense ratio of 1.38%.
Dividends
HUBE.DE vs. CZX.DE - Dividend Comparison
Neither HUBE.DE nor CZX.DE has paid dividends to shareholders.
Frequently Asked Questions
HUBE.DE and CZX.DE have a correlation of 0.40, 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.
HUBE.DE and CZX.DE have the same expense ratio: 1.38% per year.
HUBE.DE tracks BUX Index, while CZX.DE tracks PX Index.
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