DEMD.L vs. MKUW.L
DEMD.L (WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist)) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - DEMD.L tracks the WisdomTree Emerging Markets High Dividend UCITS Index while MKUW.L tracks the MSCI Kuwait 20/35 Index. Both are passively managed. Over the past 5 years, DEMD.L returned 9.92%/yr vs 7.20%/yr for MKUW.L. At a 0.20 correlation, their price movements are largely independent. DEMD.L charges 0.46%/yr vs 0.50%/yr for MKUW.L.
Performance
DEMD.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, DEMD.L achieves a 15.53% return, which is significantly higher than MKUW.L's 0.21% return.
DEMD.L
- 1D
- -1.10%
- 1M
- -3.70%
- 6M
- 12.00%
- YTD
- 15.53%
- 1Y
- 20.60%
- 3Y*
- 16.38%
- 5Y*
- 9.92%
- 10Y*
- 8.84%
MKUW.L
- 1D
- 0.40%
- 1M
- -2.11%
- 6M
- 1.65%
- YTD
- 0.21%
- 1Y
- 4.57%
- 3Y*
- 8.01%
- 5Y*
- 7.20%
- 10Y*
- —
DEMD.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 15.53% | 20.91% | 5.26% | 21.17% | -12.75% | 13.36% | -6.14% | 6.16% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.21% | 25.35% | 9.15% | -8.87% | 5.99% | 28.57% | -9.88% | 10.35% |
Correlation
The correlation between DEMD.L and MKUW.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.20 |
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Return for Risk
DEMD.L vs. MKUW.L — Risk / Return Rank
DEMD.L
MKUW.L
DEMD.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) and Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L). 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.
| DEMD.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.61 | +2.08 |
| Martin ratioReturn relative to average drawdown | 8.01 | 1.41 | +6.60 |
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Drawdowns
DEMD.L vs. MKUW.L - Drawdown Comparison
The maximum DEMD.L drawdown since its inception was -40.46%, which is greater than MKUW.L's maximum drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for DEMD.L and MKUW.L.
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Drawdown Indicators
| DEMD.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.46% | -37.76% | -2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.63% | -7.47% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -14.16% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -25.13% | -2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -37.40% | — | — |
Current DrawdownCurrent decline from peak | -4.71% | -3.55% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -9.43% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 3.25% | -0.68% |
Volatility
DEMD.L vs. MKUW.L - Volatility Comparison
WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) has a higher volatility of 4.59% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 1.82%. This indicates that DEMD.L's price experiences larger fluctuations and is considered to be riskier than MKUW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMD.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 1.82% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 8.02% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.25% | 10.32% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 12.77% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 16.50% | +0.17% |
DEMD.L vs. MKUW.L - Expense Ratio Comparison
DEMD.L has a 0.46% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
DEMD.L vs. MKUW.L - Dividend Comparison
DEMD.L's dividend yield for the trailing twelve months is around 3.72%, while MKUW.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 3.72% | 4.42% | 7.88% | 6.68% | 7.48% | 4.20% | 4.51% | 4.13% | 4.39% | 1.98% | 1.68% | 4.75% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DEMD.L and MKUW.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEMD.L is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEMD.L is cheaper with a 0.46% expense ratio, compared with 0.50% for MKUW.L.
DEMD.L tracks WisdomTree Emerging Markets High Dividend UCITS Index, while MKUW.L tracks MSCI Kuwait 20/35 Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.46% for DEMD.L and 0.50% for MKUW.L.
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