MKK1.DE vs. EUPE.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both Europe Equities funds - MKK1.DE tracks the MBI10 Index while EUPE.DE tracks the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs 9.14%/yr for EUPE.DE. At a 0.05 correlation, their price movements are largely independent. MKK1.DE charges 1.38%/yr vs 0.65%/yr for EUPE.DE.
Performance
MKK1.DE vs. EUPE.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 EUPE.DE's 17.10% 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*
- —
EUPE.DE
- 1D
- 0.14%
- 1M
- 1.49%
- 6M
- 14.09%
- YTD
- 17.10%
- 1Y
- 29.36%
- 3Y*
- 11.72%
- 5Y*
- 9.14%
- 10Y*
- 8.83%
MKK1.DE vs. EUPE.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% |
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 17.10% | 12.45% | 2.14% | 12.84% | -6.14% | 25.64% | 2.80% | 24.48% | -5.59% |
Correlation
The correlation between MKK1.DE and EUPE.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
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 | 0.05 |
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Return for Risk
MKK1.DE vs. EUPE.DE — Risk / Return Rank
MKK1.DE
EUPE.DE
MKK1.DE vs. EUPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) and Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.56 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.45 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 5.75 | -6.53 |
| Martin ratioReturn relative to average drawdown | -1.83 | 16.38 | -18.20 |
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Drawdowns
MKK1.DE vs. EUPE.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, roughly equal to the maximum EUPE.DE drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and EUPE.DE.
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Drawdown Indicators
| MKK1.DE | EUPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -32.64% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -5.08% | -7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -15.63% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -15.63% | -9.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -15.61% | -1.64% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -4.88% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 1.79% | +3.65% |
Volatility
MKK1.DE vs. EUPE.DE - Volatility Comparison
The current volatility for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) is 2.86%, while Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) has a volatility of 3.63%. This indicates that MKK1.DE experiences smaller price fluctuations and is considered to be less risky than EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 3.63% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 8.82% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 11.42% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 13.19% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 14.57% | +1.49% |
MKK1.DE vs. EUPE.DE - Expense Ratio Comparison
MKK1.DE has a 1.38% expense ratio, which is higher than EUPE.DE's 0.65% expense ratio.
Dividends
MKK1.DE vs. EUPE.DE - Dividend Comparison
Neither MKK1.DE nor EUPE.DE has paid dividends to shareholders.
Frequently Asked Questions
MKK1.DE and EUPE.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUPE.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUPE.DE is cheaper with a 0.65% expense ratio, compared with 1.38% for MKK1.DE.
MKK1.DE tracks MBI10 Index, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: Expat and Natixis. Their fees differ too: 1.38% for MKK1.DE and 0.65% for EUPE.DE.
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