HUBE.DE vs. ESNB.DE
HUBE.DE (Expat Hungary BUX UCITS ETF) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds from Expat - HUBE.DE tracks the BUX Index while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, HUBE.DE returned 12.50%/yr vs -1.86%/yr for ESNB.DE. At a 0.04 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
HUBE.DE vs. ESNB.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 ESNB.DE's -7.20% 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*
- —
ESNB.DE
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 10Y*
- —
HUBE.DE vs. ESNB.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% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -7.20% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
Correlation
The correlation between HUBE.DE and ESNB.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.04 |
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Return for Risk
HUBE.DE vs. ESNB.DE — Risk / Return Rank
HUBE.DE
ESNB.DE
HUBE.DE vs. ESNB.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 Serbia BELEX15 UCITS ETF (ESNB.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 | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.91 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | -0.49 | +4.11 |
| Martin ratioReturn relative to average drawdown | 10.80 | -1.05 | +11.84 |
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Drawdowns
HUBE.DE vs. ESNB.DE - Drawdown Comparison
The maximum HUBE.DE drawdown since its inception was -51.39%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for HUBE.DE and ESNB.DE.
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Drawdown Indicators
| HUBE.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.39% | -22.77% | -28.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -10.40% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -12.60% | -8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -51.39% | -15.85% | -35.54% |
Current DrawdownCurrent decline from peak | -1.55% | -13.87% | +12.32% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -8.44% | -8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 4.88% | -1.05% |
Volatility
HUBE.DE vs. ESNB.DE - Volatility Comparison
Expat Hungary BUX UCITS ETF (HUBE.DE) has a higher volatility of 4.84% compared to Expat Serbia BELEX15 UCITS ETF (ESNB.DE) at 3.07%. This indicates that HUBE.DE's price experiences larger fluctuations and is considered to be riskier than ESNB.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 | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 3.07% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 6.22% | +10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 9.76% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 10.53% | +14.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 12.11% | +9.88% |
HUBE.DE vs. ESNB.DE - Expense Ratio Comparison
Both HUBE.DE and ESNB.DE have an expense ratio of 1.38%.
Dividends
HUBE.DE vs. ESNB.DE - Dividend Comparison
Neither HUBE.DE nor ESNB.DE has paid dividends to shareholders.
Frequently Asked Questions
HUBE.DE and ESNB.DE have a correlation of 0.12, 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 ESNB.DE have the same expense ratio: 1.38% per year.
HUBE.DE tracks BUX Index, while ESNB.DE tracks BELEX15 Index.
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