MKK1.DE vs. ZPRL.DE
MKK1.DE (Expat Macedonia MBI10 UCITS ETF) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - MKK1.DE tracks the MBI10 Index while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 5 years, MKK1.DE returned 6.28%/yr vs 7.17%/yr for ZPRL.DE. At a 0.07 correlation, their price movements are largely independent. MKK1.DE charges 1.38%/yr vs 0.30%/yr for ZPRL.DE.
Performance
MKK1.DE vs. ZPRL.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 ZPRL.DE's 9.51% 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*
- —
ZPRL.DE
- 1D
- 0.21%
- 1M
- 1.30%
- 6M
- 8.75%
- YTD
- 9.51%
- 1Y
- 12.30%
- 3Y*
- 12.65%
- 5Y*
- 7.17%
- 10Y*
- 7.09%
MKK1.DE vs. ZPRL.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% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 9.51% | 18.39% | 7.42% | 12.34% | -14.65% | 17.34% | -5.26% | 22.07% | -7.71% |
Correlation
The correlation between MKK1.DE and ZPRL.DE is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.07 |
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Return for Risk
MKK1.DE vs. ZPRL.DE — Risk / Return Rank
MKK1.DE
ZPRL.DE
MKK1.DE vs. ZPRL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Macedonia MBI10 UCITS ETF (MKK1.DE) and SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.23 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.58 | -2.36 |
| Martin ratioReturn relative to average drawdown | -1.83 | 4.60 | -6.42 |
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Drawdowns
MKK1.DE vs. ZPRL.DE - Drawdown Comparison
The maximum MKK1.DE drawdown since its inception was -33.12%, smaller than the maximum ZPRL.DE drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for MKK1.DE and ZPRL.DE.
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Drawdown Indicators
| MKK1.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -35.34% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -7.74% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -9.36% | -7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -23.37% | -2.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.34% | — |
Current DrawdownCurrent decline from peak | -15.61% | -0.58% | -15.03% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -5.32% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 2.67% | +2.77% |
Volatility
MKK1.DE vs. ZPRL.DE - Volatility Comparison
Expat Macedonia MBI10 UCITS ETF (MKK1.DE) has a higher volatility of 2.86% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.62%. This indicates that MKK1.DE's price experiences larger fluctuations and is considered to be riskier than ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.62% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 8.45% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 9.84% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 11.96% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 13.37% | +2.69% |
MKK1.DE vs. ZPRL.DE - Expense Ratio Comparison
MKK1.DE has a 1.38% expense ratio, which is higher than ZPRL.DE's 0.30% expense ratio.
Dividends
MKK1.DE vs. ZPRL.DE - Dividend Comparison
Neither MKK1.DE nor ZPRL.DE has paid dividends to shareholders.
Frequently Asked Questions
MKK1.DE and ZPRL.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRL.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRL.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for MKK1.DE.
MKK1.DE tracks MBI10 Index, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: Expat and State Street. Their fees differ too: 1.38% for MKK1.DE and 0.30% for ZPRL.DE.
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