HUBE.DE vs. MKK1.DE
HUBE.DE (Expat Hungary BUX UCITS ETF) and MKK1.DE (Expat Macedonia MBI10 UCITS ETF) are both Europe Equities funds from Expat - HUBE.DE tracks the BUX Index while MKK1.DE tracks the MBI10 Index. Both are passively managed. Over the past 5 years, HUBE.DE returned 12.50%/yr vs 6.28%/yr for MKK1.DE. At a 0.10 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
HUBE.DE vs. MKK1.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 MKK1.DE's -6.62% 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*
- —
MKK1.DE
- 1D
- -0.50%
- 1M
- -5.06%
- 6M
- -8.12%
- YTD
- -6.62%
- 1Y
- -10.30%
- 3Y*
- 12.27%
- 5Y*
- 6.28%
- 10Y*
- —
HUBE.DE vs. MKK1.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% |
MKK1.DE Expat Macedonia MBI10 UCITS ETF | -6.62% | -4.69% | 56.10% | 5.81% | -18.85% | 28.19% | 6.43% | 28.44% | 13.78% |
Correlation
The correlation between HUBE.DE and MKK1.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.10 |
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Return for Risk
HUBE.DE vs. MKK1.DE — Risk / Return Rank
HUBE.DE
MKK1.DE
HUBE.DE vs. MKK1.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 Macedonia MBI10 UCITS ETF (MKK1.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 | MKK1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +4.31 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.83 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | -0.77 | +4.40 |
| Martin ratioReturn relative to average drawdown | 10.80 | -1.83 | +12.62 |
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Drawdowns
HUBE.DE vs. MKK1.DE - Drawdown Comparison
The maximum HUBE.DE drawdown since its inception was -51.39%, which is greater than MKK1.DE's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for HUBE.DE and MKK1.DE.
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Drawdown Indicators
| HUBE.DE | MKK1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.39% | -33.12% | -18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -12.79% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -16.67% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -51.39% | -25.62% | -25.77% |
Current DrawdownCurrent decline from peak | -1.55% | -15.61% | +14.06% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -8.13% | -8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 5.44% | -1.61% |
Volatility
HUBE.DE vs. MKK1.DE - Volatility Comparison
Expat Hungary BUX UCITS ETF (HUBE.DE) has a higher volatility of 4.84% compared to Expat Macedonia MBI10 UCITS ETF (MKK1.DE) at 2.86%. This indicates that HUBE.DE's price experiences larger fluctuations and is considered to be riskier than MKK1.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 | MKK1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 2.86% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 6.87% | +9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 9.97% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 13.50% | +11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 16.06% | +5.93% |
HUBE.DE vs. MKK1.DE - Expense Ratio Comparison
Both HUBE.DE and MKK1.DE have an expense ratio of 1.38%.
Dividends
HUBE.DE vs. MKK1.DE - Dividend Comparison
Neither HUBE.DE nor MKK1.DE has paid dividends to shareholders.
Frequently Asked Questions
HUBE.DE and MKK1.DE have a correlation of 0.04, 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 MKK1.DE have the same expense ratio: 1.38% per year.
HUBE.DE tracks BUX Index, while MKK1.DE tracks MBI10 Index.
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