MKK1.DE vs. FLXD.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - MKK1.DE tracks the MBI10 Index while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs 12.36%/yr for FLXD.DE. At a 0.04 correlation, their price movements are largely independent. MKK1.DE charges 1.38%/yr vs 0.25%/yr for FLXD.DE.
Performance
MKK1.DE vs. FLXD.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 FLXD.DE's 12.01% 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*
- —
FLXD.DE
- 1D
- -0.41%
- 1M
- -0.60%
- 6M
- 11.38%
- YTD
- 12.01%
- 1Y
- 19.99%
- 3Y*
- 18.84%
- 5Y*
- 12.36%
- 10Y*
- —
MKK1.DE vs. FLXD.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% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 12.01% | 24.53% | 12.34% | 10.31% | -0.48% | 16.07% | -3.54% | 23.50% | -7.14% |
Correlation
The correlation between MKK1.DE and FLXD.DE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.04 |
The correlation between MKK1.DE and FLXD.DE shifts across timeframes, from -0.16 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MKK1.DE vs. FLXD.DE — Risk / Return Rank
MKK1.DE
FLXD.DE
MKK1.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) and Franklin European Quality Dividend UCITS ETF (FLXD.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 | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.60 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.41 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 4.97 | -5.74 |
| Martin ratioReturn relative to average drawdown | -1.83 | 12.65 | -14.47 |
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Drawdowns
MKK1.DE vs. FLXD.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, smaller than the maximum FLXD.DE drawdown of -35.13%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and FLXD.DE.
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Drawdown Indicators
| MKK1.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -35.13% | +2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -4.01% | -8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -10.07% | -6.60% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -14.17% | -11.45% |
Current DrawdownCurrent decline from peak | -15.61% | -2.14% | -13.47% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -3.86% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 1.58% | +3.86% |
Volatility
MKK1.DE vs. FLXD.DE - Volatility Comparison
Expat Macedonia MBI10 UCITS ETF (MKK1.DE) has a higher volatility of 2.86% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 2.57%. This indicates that MKK1.DE's price experiences larger fluctuations and is considered to be riskier than FLXD.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 | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.57% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 7.16% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 8.90% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 11.64% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 14.04% | +2.02% |
MKK1.DE vs. FLXD.DE - Expense Ratio Comparison
MKK1.DE has a 1.38% expense ratio, which is higher than FLXD.DE's 0.25% expense ratio.
Dividends
MKK1.DE vs. FLXD.DE - Dividend Comparison
MKK1.DE has not paid dividends to shareholders, while FLXD.DE's dividend yield for the trailing twelve months is around 3.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.94% | 4.27% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
MKK1.DE Expat Macedonia MBI10 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MKK1.DE and FLXD.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXD.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for MKK1.DE.
MKK1.DE tracks MBI10 Index, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: Expat and Franklin Templeton. Their fees differ too: 1.38% for MKK1.DE and 0.25% for FLXD.DE.
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