HUBE.DE vs. EL42.DE

Last updated Jul 18, 2026

HUBE.DE (Expat Hungary BUX UCITS ETF) and EL42.DE (Deka MSCI Europe UCITS ETF) are both Europe Equities funds - HUBE.DE tracks the BUX Index while EL42.DE tracks the MSCI Europe. Both are passively managed. Over the past 5 years, HUBE.DE returned 12.29%/yr vs 10.12%/yr for EL42.DE. At a 0.32 correlation, their price movements are largely independent. HUBE.DE charges 1.38%/yr vs 0.30%/yr for EL42.DE.

Performance

HUBE.DE vs. EL42.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Expat Hungary BUX UCITS ETF (HUBE.DE) and Deka MSCI Europe UCITS ETF (EL42.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HUBE.DE achieves a 21.71% return, which is significantly higher than EL42.DE's 10.50% 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*: —

EL42.DE

• 1D: -0.28%
• 1M: 0.42%
• 6M: 6.49%
• YTD: 10.50%
• 1Y: 20.12%
• 3Y*: 14.40%
• 5Y*: 10.12%
• 10Y*: 9.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HUBE.DE vs. EL42.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%
EL42.DE Deka MSCI Europe UCITS ETF	10.50%	20.05%	7.78%	15.64%	-9.45%	24.88%	-3.36%	27.34%	-9.23%

Correlation

The correlation between HUBE.DE and EL42.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 (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018	0.32

Return for Risk

HUBE.DE vs. EL42.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HUBE.DE

HUBE.DE Risk / Return Rank: 79
HUBE.DE Sharpe Ratio Rank: 79
HUBE.DE Sortino Ratio Rank: 81
HUBE.DE Omega Ratio Rank: 78
HUBE.DE Calmar Ratio Rank: 84
HUBE.DE Martin Ratio Rank: 74

EL42.DE

EL42.DE Risk / Return Rank: 61
EL42.DE Sharpe Ratio Rank: 61
EL42.DE Sortino Ratio Rank: 63
EL42.DE Omega Ratio Rank: 65
EL42.DE Calmar Ratio Rank: 53
EL42.DE Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HUBE.DE vs. EL42.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Expat Hungary BUX UCITS ETF (HUBE.DE) and Deka MSCI Europe UCITS ETF (EL42.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	EL42.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.56	+0.35
Sortino ratio: Return per unit of downside risk	2.78	2.27	+0.51
Omega ratio: Gain probability vs. loss probability	1.34	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	3.40	2.09	+1.31
Martin ratio: Return relative to average drawdown	10.12	8.05	+2.07

HUBE.DE vs. EL42.DE - Sharpe Ratio Comparison

The current HUBE.DE Sharpe Ratio is 1.91, which is comparable to the EL42.DE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of HUBE.DE and EL42.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HUBE.DE vs. EL42.DE - Drawdown Comparison

The maximum HUBE.DE drawdown since its inception was -51.39%, which is greater than EL42.DE's maximum drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for HUBE.DE and EL42.DE.

Drawdown Indicators

	HUBE.DE	EL42.DE	Difference
Max Drawdown Largest peak-to-trough decline	-51.39%	-35.83%	-15.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-9.58%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	-21.36%	-16.41%	-4.95%
Max Drawdown (5Y) Largest decline over 5 years	-51.39%	-19.42%	-31.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.83%	—
Current Drawdown Current decline from peak	-2.48%	-1.77%	-0.71%
Average Drawdown Average peak-to-trough decline	-16.81%	-5.15%	-11.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	2.49%	+1.35%

Volatility

HUBE.DE vs. EL42.DE - Volatility Comparison

Expat Hungary BUX UCITS ETF (HUBE.DE) has a higher volatility of 4.86% compared to Deka MSCI Europe UCITS ETF (EL42.DE) at 3.18%. This indicates that HUBE.DE's price experiences larger fluctuations and is considered to be riskier than EL42.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUBE.DE	EL42.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	3.18%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	16.50%	10.89%	+5.61%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	12.90%	+7.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.65%	14.20%	+10.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.99%	15.15%	+6.84%

HUBE.DE vs. EL42.DE - Expense Ratio Comparison

HUBE.DE has a 1.38% expense ratio, which is higher than EL42.DE's 0.30% expense ratio.

Dividends

HUBE.DE vs. EL42.DE - Dividend Comparison

HUBE.DE has not paid dividends to shareholders, while EL42.DE's dividend yield for the trailing twelve months is around 2.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL42.DE Deka MSCI Europe UCITS ETF	2.21%	2.31%	2.64%	2.59%	2.78%	2.08%	1.94%	2.76%	3.41%	2.72%	3.00%	2.69%
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

Can I hold both HUBE.DE and EL42.DE in my portfolio?

HUBE.DE and EL42.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.

Which ETF is better, HUBE.DE or EL42.DE?

On fees, EL42.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HUBE.DE or EL42.DE?

EL42.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for HUBE.DE.

What is the main difference between HUBE.DE and EL42.DE?

HUBE.DE tracks BUX Index, while EL42.DE tracks MSCI Europe. They also come from different issuers: Expat and Deka. Their fees differ too: 1.38% for HUBE.DE and 0.30% for EL42.DE.