MKK1.DE vs. ROX.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds from Expat - MKK1.DE tracks the MBI10 Index while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs 22.95%/yr for ROX.DE. At a 0.03 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
MKK1.DE vs. ROX.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 ROX.DE's 36.66% 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*
- —
ROX.DE
- 1D
- -0.61%
- 1M
- 13.62%
- 6M
- 23.70%
- YTD
- 36.66%
- 1Y
- 72.86%
- 3Y*
- 35.39%
- 5Y*
- 22.95%
- 10Y*
- —
MKK1.DE vs. ROX.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% |
ROX.DE Expat Romania BET UCITS ETF | 36.66% | 43.69% | 13.19% | 22.15% | -3.87% | 34.78% | -1.71% | 34.41% | -14.66% |
Correlation
The correlation between MKK1.DE and ROX.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.03 |
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Return for Risk
MKK1.DE vs. ROX.DE — Risk / Return Rank
MKK1.DE
ROX.DE
MKK1.DE vs. ROX.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 Romania BET UCITS ETF (ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.74 | ||
| Sortino ratioReturn per unit of downside risk | -6.20 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.62 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 9.16 | -9.94 |
| Martin ratioReturn relative to average drawdown | -1.83 | 28.50 | -30.33 |
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Drawdowns
MKK1.DE vs. ROX.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, which is greater than ROX.DE's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and ROX.DE.
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Drawdown Indicators
| MKK1.DE | ROX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -29.00% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -7.91% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -17.52% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -19.51% | -6.11% |
Current DrawdownCurrent decline from peak | -15.61% | -0.61% | -15.00% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -5.26% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 2.55% | +2.89% |
Volatility
MKK1.DE vs. ROX.DE - Volatility Comparison
The current volatility for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) is 2.86%, while Expat Romania BET UCITS ETF (ROX.DE) has a volatility of 5.33%. This indicates that MKK1.DE experiences smaller price fluctuations and is considered to be less risky than ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 5.33% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 13.80% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 19.34% | -9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 19.81% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 21.02% | -4.96% |
MKK1.DE vs. ROX.DE - Expense Ratio Comparison
Both MKK1.DE and ROX.DE have an expense ratio of 1.38%.
Dividends
MKK1.DE vs. ROX.DE - Dividend Comparison
Neither MKK1.DE nor ROX.DE has paid dividends to shareholders.
Frequently Asked Questions
MKK1.DE and ROX.DE have a correlation of -0.02, 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 ROX.DE have the same expense ratio: 1.38% per year.
MKK1.DE tracks MBI10 Index, while ROX.DE tracks BET Index.
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