- Issuer
- Invesco
- Inception Date
- Oct 25, 2019
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
MKUW.L Performance Chart
Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) is up 0.9% since the beginning of the year. MKUW.L is currently trading at $73 per share. Investors who bought $1,000 worth of MKUW.L shares 5 years ago would now be looking at an investment worth $1,426.
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Returns By Period
Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) has returned 0.89% so far this year and 4.11% over the past 12 months.
Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc
- 1D
- 1.09%
- 1M
- -1.83%
- 6M
- 1.55%
- YTD
- 0.89%
- 1Y
- 4.11%
- 3Y*
- 8.26%
- 5Y*
- 7.35%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
MKUW.L Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2019, MKUW.L's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2021 with a return of +8.4%, while the worst month was Mar 2020 at -20.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MKUW.L closed higher 51% of trading days. The best single day was Apr 14, 2020 with a return of +6.1%, while the worst single day was Mar 9, 2020 at -20.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.77% | 0.25% | -0.69% | 6.81% | -0.35% | -1.98% | 0.95% | 0.89% | |||||
| 2025 | 2.55% | 6.68% | 0.27% | 1.94% | 1.33% | 5.06% | 1.76% | -0.40% | 2.86% | 0.14% | 0.34% | 0.53% | 25.35% |
| 2024 | 5.77% | 1.40% | 0.66% | -5.41% | 1.64% | 1.27% | 4.45% | -0.07% | -0.23% | -1.84% | 1.24% | 0.35% | 9.15% |
| 2023 | -1.31% | -1.38% | -2.81% | 4.06% | -7.02% | 3.83% | 2.56% | -4.72% | -2.69% | -3.78% | 2.53% | 2.22% | -8.87% |
| 2022 | 4.39% | 2.85% | 8.10% | 3.32% | -4.81% | -4.94% | 5.21% | -1.56% | -9.24% | 6.09% | 2.63% | -4.56% | 5.99% |
| 2021 | 6.37% | -4.48% | 4.23% | 8.44% | 2.35% | 0.92% | 5.05% | 3.78% | -1.11% | 2.54% | -4.06% | 2.20% | 28.57% |
Benchmark Metrics
Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc has an annualized alpha of 7.09%, beta of 0.14, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since October 25, 2019.
- This ETF participated in 58.64% of S&P 500 Index downside but only 48.89% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.09%
- Beta
- 0.14
- R²
- 0.03
- Upside Capture
- 48.89%
- Downside Capture
- 58.64%
Expense Ratio
MKUW.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MKUW.L ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) and compare them to S&P 500 Index.
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.
| MKUW.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.35 | -1.64 |
| Martin ratioReturn relative to average drawdown | 1.63 | 10.19 | -8.57 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc was 37.76%, occurring on Mar 16, 2020. Recovery took 282 trading sessions.
The current Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc drawdown is 2.89%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-37.76%Mar 2020 | 1mo 19d | 1y 1mo | 1y 3moJan 2020 - Apr 2021 | COVID crash2020 |
-25.13%Oct 2023 | 1y 5mo | 1y 7mo | 3y 28dMay 2022 - Jun 2025 | — |
-9.82%Nov 2021 | 6d | 3mo 2d | 3mo 8dNov 2021 - Mar 2022 | — |
-7.47%Mar 2026 | 2mo 21d | 1mo 11d | 4mo 2dDec 2025 - Apr 2026 | — |
-5.06%Jun 2025 | 6d | 12d | 18dJun 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| MKUW.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.76% | -56.78% | +19.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -9.10% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -18.90% | +4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -25.13% | -25.43% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.89% | -0.49% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -10.70% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.09% | +1.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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