MKK1.DE vs. HUBE.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and HUBE.DE (Expat Hungary BUX UCITS ETF) are both Europe Equities funds from Expat - MKK1.DE tracks the MBI10 Index while HUBE.DE tracks the BUX Index. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs 12.50%/yr for HUBE.DE. At a 0.10 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
MKK1.DE vs. HUBE.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 HUBE.DE's 22.87% 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*
- —
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 vs. HUBE.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% |
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 MKK1.DE and HUBE.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
MKK1.DE vs. HUBE.DE — Risk / Return Rank
MKK1.DE
HUBE.DE
MKK1.DE vs. HUBE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Macedonia MBI10 UCITS ETF (MKK1.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.
| MKK1.DE | HUBE.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 | 0.83 | 1.37 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.62 | -4.40 |
| Martin ratioReturn relative to average drawdown | -1.83 | 10.80 | -12.62 |
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Drawdowns
MKK1.DE vs. HUBE.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, smaller than the maximum HUBE.DE drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and HUBE.DE.
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Drawdown Indicators
| MKK1.DE | HUBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -51.39% | +18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -11.41% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -21.36% | +4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -51.39% | +25.77% |
Current DrawdownCurrent decline from peak | -15.61% | -1.55% | -14.06% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -16.81% | +8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 3.83% | +1.61% |
Volatility
MKK1.DE vs. HUBE.DE - Volatility Comparison
The current volatility for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) is 2.86%, while Expat Hungary BUX UCITS ETF (HUBE.DE) has a volatility of 4.84%. This indicates that MKK1.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
| MKK1.DE | HUBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 4.84% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 16.50% | -9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 20.27% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 24.65% | -11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 21.99% | -5.93% |
MKK1.DE vs. HUBE.DE - Expense Ratio Comparison
Both MKK1.DE and HUBE.DE have an expense ratio of 1.38%.
Dividends
MKK1.DE vs. HUBE.DE - Dividend Comparison
Neither MKK1.DE nor HUBE.DE has paid dividends to shareholders.
Frequently Asked Questions
MKK1.DE and HUBE.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.
MKK1.DE and HUBE.DE have the same expense ratio: 1.38% per year.
MKK1.DE tracks MBI10 Index, while HUBE.DE tracks BUX Index.
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