ZPRX.DE vs. HUBE.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 5 years, ZPRX.DE returned 9.01%/yr vs 12.50%/yr for HUBE.DE. At a 0.33 correlation, their price movements are largely independent. ZPRX.DE charges 0.30%/yr vs 1.38%/yr for HUBE.DE.
Performance
ZPRX.DE vs. HUBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRX.DE achieves a 9.27% return, which is significantly lower than HUBE.DE's 22.87% return.
ZPRX.DE
- 1D
- 0.85%
- 1M
- 0.64%
- 6M
- 5.54%
- YTD
- 9.27%
- 1Y
- 16.24%
- 3Y*
- 15.20%
- 5Y*
- 9.01%
- 10Y*
- 8.95%
HUBE.DE
- 1D
- 0.32%
- 1M
- -0.31%
- 6M
- 17.41%
- YTD
- 22.87%
- 1Y
- 41.52%
- 3Y*
- 33.32%
- 5Y*
- 12.50%
- 10Y*
- —
ZPRX.DE vs. HUBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 9.27% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -18.03% |
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% |
Correlation
The correlation between ZPRX.DE and HUBE.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.33 |
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Return for Risk
ZPRX.DE vs. HUBE.DE — Risk / Return Rank
ZPRX.DE
HUBE.DE
ZPRX.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| ZPRX.DE | HUBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 3.62 | -2.23 |
| Martin ratioReturn relative to average drawdown | 5.03 | 10.80 | -5.76 |
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Drawdowns
ZPRX.DE vs. HUBE.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and HUBE.DE.
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Drawdown Indicators
| ZPRX.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -51.39% | +7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -11.41% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -21.36% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -51.39% | +23.87% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.55% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -16.81% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.83% | -0.61% |
Volatility
ZPRX.DE vs. HUBE.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 3.69%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.84%. This indicates that ZPRX.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
| ZPRX.DE | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 4.84% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 16.50% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 20.27% | -6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 24.65% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 21.99% | -4.41% |
ZPRX.DE vs. HUBE.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than HUBE.DE's 1.38% expense ratio.
Dividends
ZPRX.DE vs. HUBE.DE - Dividend Comparison
Neither ZPRX.DE nor HUBE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and HUBE.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for HUBE.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while HUBE.DE tracks BUX Index. They also come from different issuers: State Street and Expat. Their fees differ too: 0.30% for ZPRX.DE and 1.38% for HUBE.DE.
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