HUBE.DE vs. SK9A.DE
HUBE.DE (Expat Hungary BUX UCITS ETF) and SK9A.DE (Expat Slovakia SAX UCITS ETF) are both Europe Equities funds from Expat - HUBE.DE tracks the BUX Index while SK9A.DE tracks the SAX Index. Both are passively managed. Over the past 5 years, HUBE.DE returned 12.50%/yr vs -11.34%/yr for SK9A.DE. At a 0.07 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
HUBE.DE vs. SK9A.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 SK9A.DE's -5.23% 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*
- —
SK9A.DE
- 1D
- 0.09%
- 1M
- 4.26%
- 6M
- -3.96%
- YTD
- -5.23%
- 1Y
- -8.43%
- 3Y*
- -8.81%
- 5Y*
- -11.34%
- 10Y*
- —
HUBE.DE vs. SK9A.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% |
SK9A.DE Expat Slovakia SAX UCITS ETF | -5.23% | -7.70% | -11.57% | -2.72% | -26.07% | 0.64% | -6.13% | -2.42% | -10.23% |
Correlation
The correlation between HUBE.DE and SK9A.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.07 |
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Return for Risk
HUBE.DE vs. SK9A.DE — Risk / Return Rank
HUBE.DE
SK9A.DE
HUBE.DE vs. SK9A.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 Slovakia SAX UCITS ETF (SK9A.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 | SK9A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.88 | ||
| Sortino ratioReturn per unit of downside risk | +4.07 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.84 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | -0.55 | +4.17 |
| Martin ratioReturn relative to average drawdown | 10.80 | -1.04 | +11.84 |
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Drawdowns
HUBE.DE vs. SK9A.DE - Drawdown Comparison
The maximum HUBE.DE drawdown since its inception was -51.39%, smaller than the maximum SK9A.DE drawdown of -73.30%. Use the drawdown chart below to compare losses from any high point for HUBE.DE and SK9A.DE.
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Drawdown Indicators
| HUBE.DE | SK9A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.39% | -73.30% | +21.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -15.32% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -31.08% | +9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -51.39% | -49.50% | -1.89% |
Current DrawdownCurrent decline from peak | -1.55% | -71.32% | +69.77% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -45.90% | +29.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 8.06% | -4.23% |
Volatility
HUBE.DE vs. SK9A.DE - Volatility Comparison
The current volatility for Expat Hungary BUX UCITS ETF (HUBE.DE) is 4.84%, while Expat Slovakia SAX UCITS ETF (SK9A.DE) has a volatility of 5.90%. This indicates that HUBE.DE experiences smaller price fluctuations and is considered to be less risky than SK9A.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 | SK9A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 5.90% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 7.80% | +8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 10.02% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 9.51% | +15.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 38.29% | -16.30% |
HUBE.DE vs. SK9A.DE - Expense Ratio Comparison
Both HUBE.DE and SK9A.DE have an expense ratio of 1.38%.
Dividends
HUBE.DE vs. SK9A.DE - Dividend Comparison
Neither HUBE.DE nor SK9A.DE has paid dividends to shareholders.
Frequently Asked Questions
HUBE.DE and SK9A.DE have a correlation of 0.07, 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 SK9A.DE have the same expense ratio: 1.38% per year.
HUBE.DE tracks BUX Index, while SK9A.DE tracks SAX Index.
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