MKK1.DE vs. PRAE.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - MKK1.DE tracks the MBI10 Index while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs 10.56%/yr for PRAE.DE. At a 0.07 correlation, their price movements are largely independent. MKK1.DE charges 1.38%/yr vs 0.05%/yr for PRAE.DE.
Performance
MKK1.DE vs. PRAE.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 PRAE.DE's 11.19% 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*
- —
PRAE.DE
- 1D
- 0.22%
- 1M
- 1.64%
- 6M
- 7.62%
- YTD
- 11.19%
- 1Y
- 22.11%
- 3Y*
- 15.09%
- 5Y*
- 10.56%
- 10Y*
- —
MKK1.DE vs. PRAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MKK1.DE Expat Macedonia MBI10 UCITS ETF | -6.62% | -4.69% | 56.10% | 5.81% | -18.85% | 28.19% | -2.61% |
PRAE.DE Amundi Prime Europe UCITS ETF | 11.19% | 20.48% | 8.47% | 15.73% | -9.23% | 25.26% | -4.30% |
Correlation
The correlation between MKK1.DE and PRAE.DE is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.07 |
The correlation between MKK1.DE and PRAE.DE shifts across timeframes, from -0.11 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MKK1.DE vs. PRAE.DE — Risk / Return Rank
MKK1.DE
PRAE.DE
MKK1.DE vs. PRAE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) and Amundi Prime Europe UCITS ETF (PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.31 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.31 | -3.09 |
| Martin ratioReturn relative to average drawdown | -1.83 | 9.05 | -10.88 |
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Drawdowns
MKK1.DE vs. PRAE.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, smaller than the maximum PRAE.DE drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and PRAE.DE.
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Drawdown Indicators
| MKK1.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -37.01% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -9.52% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -16.93% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -19.59% | -6.03% |
Current DrawdownCurrent decline from peak | -15.61% | -1.59% | -14.02% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -5.23% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 2.44% | +3.00% |
Volatility
MKK1.DE vs. PRAE.DE - Volatility Comparison
The current volatility for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) is 2.86%, while Amundi Prime Europe UCITS ETF (PRAE.DE) has a volatility of 3.49%. This indicates that MKK1.DE experiences smaller price fluctuations and is considered to be less risky than PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 3.49% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 11.16% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 13.19% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 14.42% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 17.78% | -1.72% |
MKK1.DE vs. PRAE.DE - Expense Ratio Comparison
MKK1.DE has a 1.38% expense ratio, which is higher than PRAE.DE's 0.05% expense ratio.
Dividends
MKK1.DE vs. PRAE.DE - Dividend Comparison
Neither MKK1.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
MKK1.DE and PRAE.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 1.38% for MKK1.DE.
MKK1.DE tracks MBI10 Index, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: Expat and Amundi. Their fees differ too: 1.38% for MKK1.DE and 0.05% for PRAE.DE.
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