ZPRW.DE vs. HUBE.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 5 years, ZPRW.DE returned 14.91%/yr vs 12.29%/yr for HUBE.DE. At a 0.30 correlation, their price movements are largely independent. ZPRW.DE charges 0.20%/yr vs 1.38%/yr for HUBE.DE.
Performance
ZPRW.DE vs. HUBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRW.DE achieves a 14.94% return, which is significantly lower than HUBE.DE's 21.71% return.
ZPRW.DE
- 1D
- -0.40%
- 1M
- 1.29%
- 6M
- 11.98%
- YTD
- 14.94%
- 1Y
- 32.77%
- 3Y*
- 20.81%
- 5Y*
- 14.91%
- 10Y*
- 11.23%
HUBE.DE
- 1D
- -0.63%
- 1M
- -1.87%
- 6M
- 14.60%
- YTD
- 21.71%
- 1Y
- 38.94%
- 3Y*
- 32.81%
- 5Y*
- 12.29%
- 10Y*
- —
ZPRW.DE vs. HUBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.94% | 35.69% | 8.88% | 13.70% | -4.74% | 27.37% | -7.65% | 23.75% | -13.88% |
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% |
Correlation
The correlation between ZPRW.DE and HUBE.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.31 |
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Return for Risk
ZPRW.DE vs. HUBE.DE — Risk / Return Rank
ZPRW.DE
HUBE.DE
ZPRW.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and Expat Hungary BUX UCITS ETF (HUBE.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.
| ZPRW.DE | HUBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.34 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.40 | +0.12 |
| Martin ratioReturn relative to average drawdown | 13.12 | 10.12 | +3.00 |
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Drawdowns
ZPRW.DE vs. HUBE.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.52%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and HUBE.DE.
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Drawdown Indicators
| ZPRW.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -51.39% | +11.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -11.41% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -21.36% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -51.39% | +32.98% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -2.48% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -16.81% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.84% | -1.35% |
Volatility
ZPRW.DE vs. HUBE.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 3.73%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.86%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than HUBE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRW.DE | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.86% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 16.50% | -5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 20.28% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 24.65% | -9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 21.99% | -5.29% |
ZPRW.DE vs. HUBE.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than HUBE.DE's 1.38% expense ratio.
Dividends
ZPRW.DE vs. HUBE.DE - Dividend Comparison
Neither ZPRW.DE nor HUBE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and HUBE.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 1.38% for HUBE.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while HUBE.DE tracks BUX Index. They also come from different issuers: State Street and Expat. Their fees differ too: 0.20% for ZPRW.DE and 1.38% for HUBE.DE.
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