ROX.DE vs. CZX.DE
ROX.DE (Expat Romania BET UCITS ETF) and CZX.DE (Expat Czech PX UCITS ETF) are both Europe Equities funds from Expat - ROX.DE tracks the BET Index while CZX.DE tracks the PX Index. Both are passively managed. Over the past 5 years, ROX.DE returned 22.95%/yr vs 17.96%/yr for CZX.DE. At a 0.19 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
ROX.DE vs. CZX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ROX.DE achieves a 36.66% return, which is significantly higher than CZX.DE's -0.76% return.
ROX.DE
- 1D
- -0.61%
- 1M
- 13.62%
- 6M
- 23.70%
- YTD
- 36.66%
- 1Y
- 72.86%
- 3Y*
- 35.39%
- 5Y*
- 22.95%
- 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*
- —
ROX.DE vs. CZX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROX.DE Expat Romania BET UCITS ETF | 36.66% | 43.69% | 13.19% | 22.15% | -3.87% | 34.78% | -1.71% | 34.41% | -15.49% |
CZX.DE Expat Czech PX UCITS ETF | -0.76% | 59.06% | 25.21% | 15.53% | -14.17% | 36.32% | -8.82% | 15.70% | -18.19% |
Correlation
The correlation between ROX.DE and CZX.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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.19 |
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Return for Risk
ROX.DE vs. CZX.DE — Risk / Return Rank
ROX.DE
CZX.DE
ROX.DE vs. CZX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Romania BET UCITS ETF (ROX.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.
| ROX.DE | CZX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.27 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 9.16 | 2.04 | +7.13 |
| Martin ratioReturn relative to average drawdown | 28.50 | 5.25 | +23.25 |
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Drawdowns
ROX.DE vs. CZX.DE - Drawdown Comparison
The maximum ROX.DE drawdown since its inception was -29.00%, smaller than the maximum CZX.DE drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for ROX.DE and CZX.DE.
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Drawdown Indicators
| ROX.DE | CZX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -41.92% | +12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -12.60% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -12.60% | -4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -25.87% | +6.36% |
Current DrawdownCurrent decline from peak | -0.61% | -4.39% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -8.94% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 4.90% | -2.35% |
Volatility
ROX.DE vs. CZX.DE - Volatility Comparison
Expat Romania BET UCITS ETF (ROX.DE) has a higher volatility of 5.33% compared to Expat Czech PX UCITS ETF (CZX.DE) at 4.33%. This indicates that ROX.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
| ROX.DE | CZX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 4.33% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.80% | 14.19% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 17.56% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.81% | 17.14% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 18.39% | +2.63% |
ROX.DE vs. CZX.DE - Expense Ratio Comparison
Both ROX.DE and CZX.DE have an expense ratio of 1.38%.
Dividends
ROX.DE vs. CZX.DE - Dividend Comparison
Neither ROX.DE nor CZX.DE has paid dividends to shareholders.
Frequently Asked Questions
ROX.DE and CZX.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.
ROX.DE and CZX.DE have the same expense ratio: 1.38% per year.
ROX.DE tracks BET Index, while CZX.DE tracks PX Index.
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