MKK1.DE vs. EUN0.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - MKK1.DE tracks the MBI10 Index while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs 7.00%/yr for EUN0.DE. At a 0.06 correlation, their price movements are largely independent. MKK1.DE charges 1.38%/yr vs 0.25%/yr for EUN0.DE.
Performance
MKK1.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MKK1.DE achieves a -6.62% return, which is significantly lower than EUN0.DE's 8.25% return.
MKK1.DE
- 1D
- -0.50%
- 1M
- -5.06%
- 6M
- -8.12%
- YTD
- -6.62%
- 1Y
- -10.30%
- 3Y*
- 12.27%
- 5Y*
- 6.28%
- 10Y*
- —
EUN0.DE
- 1D
- -0.16%
- 1M
- 1.38%
- 6M
- 6.73%
- YTD
- 8.25%
- 1Y
- 11.36%
- 3Y*
- 11.86%
- 5Y*
- 7.00%
- 10Y*
- 6.85%
MKK1.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 8.25% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | -4.02% | 24.18% | -2.96% |
Correlation
The correlation between MKK1.DE and EUN0.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.06 |
The correlation between MKK1.DE and EUN0.DE shifts across timeframes, from -0.14 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MKK1.DE vs. EUN0.DE — Risk / Return Rank
MKK1.DE
EUN0.DE
MKK1.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| MKK1.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.23 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.58 | -2.36 |
| Martin ratioReturn relative to average drawdown | -1.83 | 4.89 | -6.71 |
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Drawdowns
MKK1.DE vs. EUN0.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and EUN0.DE.
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Drawdown Indicators
| MKK1.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -30.68% | -2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -7.16% | -5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -10.73% | -5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -19.64% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -15.61% | -0.84% | -14.77% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -4.66% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 2.32% | +3.12% |
Volatility
MKK1.DE vs. EUN0.DE - Volatility Comparison
Expat Macedonia MBI10 UCITS ETF (MKK1.DE) has a higher volatility of 2.86% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 2.48%. This indicates that MKK1.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKK1.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.48% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 7.50% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 9.04% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 11.03% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 12.21% | +3.85% |
MKK1.DE vs. EUN0.DE - Expense Ratio Comparison
MKK1.DE has a 1.38% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
MKK1.DE vs. EUN0.DE - Dividend Comparison
Neither MKK1.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
MKK1.DE and EUN0.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for MKK1.DE.
MKK1.DE tracks MBI10 Index, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for MKK1.DE and 0.25% for EUN0.DE.
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