MKK1.DE vs. SK9A.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and SK9A.DE (Expat Slovakia SAX UCITS ETF) are both Europe Equities funds from Expat - MKK1.DE tracks the MBI10 Index while SK9A.DE tracks the SAX Index. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs -11.34%/yr for SK9A.DE. At a 0.08 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
MKK1.DE vs. SK9A.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 SK9A.DE's -5.23% 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*
- —
SK9A.DE
- 1D
- 0.09%
- 1M
- 4.26%
- 6M
- -3.96%
- YTD
- -5.23%
- 1Y
- -8.43%
- 3Y*
- -8.81%
- 5Y*
- -11.34%
- 10Y*
- —
MKK1.DE vs. SK9A.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% |
SK9A.DE Expat Slovakia SAX UCITS ETF | -5.23% | -7.70% | -11.57% | -2.72% | -26.07% | 0.64% | -6.13% | -2.42% | -10.23% |
Correlation
The correlation between MKK1.DE and SK9A.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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.08 |
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Return for Risk
MKK1.DE vs. SK9A.DE — Risk / Return Rank
MKK1.DE
SK9A.DE
MKK1.DE vs. SK9A.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 Slovakia SAX UCITS ETF (SK9A.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 | SK9A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.84 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.55 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.83 | -1.04 | -0.78 |
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Drawdowns
MKK1.DE vs. SK9A.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, smaller than the maximum SK9A.DE drawdown of -73.30%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and SK9A.DE.
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Drawdown Indicators
| MKK1.DE | SK9A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -73.30% | +40.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -15.32% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -31.08% | +14.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -49.50% | +23.88% |
Current DrawdownCurrent decline from peak | -15.61% | -71.32% | +55.71% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -45.90% | +37.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 8.06% | -2.62% |
Volatility
MKK1.DE vs. SK9A.DE - Volatility Comparison
The current volatility for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) is 2.86%, while Expat Slovakia SAX UCITS ETF (SK9A.DE) has a volatility of 5.90%. This indicates that MKK1.DE experiences smaller price fluctuations and is considered to be less risky than SK9A.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 | SK9A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 5.90% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 7.80% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 10.02% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 9.51% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 38.29% | -22.23% |
MKK1.DE vs. SK9A.DE - Expense Ratio Comparison
Both MKK1.DE and SK9A.DE have an expense ratio of 1.38%.
Dividends
MKK1.DE vs. SK9A.DE - Dividend Comparison
Neither MKK1.DE nor SK9A.DE has paid dividends to shareholders.
Frequently Asked Questions
MKK1.DE and SK9A.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 SK9A.DE have the same expense ratio: 1.38% per year.
MKK1.DE tracks MBI10 Index, while SK9A.DE tracks SAX Index.
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