DGSD.L vs. MKUW.L
DGSD.L (WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist)) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - DGSD.L tracks the WisdomTree Emerging Markets Smallcap Dividend UCITS Index while MKUW.L tracks the MSCI Kuwait 20/35 Index. Both are passively managed. Over the past 5 years, DGSD.L returned 6.06%/yr vs 7.19%/yr for MKUW.L. At a 0.21 correlation, their price movements are largely independent. DGSD.L charges 0.54%/yr vs 0.50%/yr for MKUW.L.
Performance
DGSD.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, DGSD.L achieves a 7.35% return, which is significantly higher than MKUW.L's 0.15% return.
DGSD.L
- 1D
- -1.43%
- 1M
- -5.74%
- 6M
- 3.47%
- YTD
- 7.35%
- 1Y
- 11.57%
- 3Y*
- 11.81%
- 5Y*
- 6.06%
- 10Y*
- 8.16%
MKUW.L
- 1D
- -0.06%
- 1M
- -2.04%
- 6M
- 1.18%
- YTD
- 0.15%
- 1Y
- 3.43%
- 3Y*
- 7.89%
- 5Y*
- 7.19%
- 10Y*
- —
DGSD.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DGSD.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist) | 7.35% | 18.93% | 2.14% | 19.83% | -11.18% | 12.82% | 5.94% | 5.16% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.15% | 25.35% | 9.15% | -8.87% | 5.99% | 28.57% | -9.88% | 10.35% |
Correlation
The correlation between DGSD.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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.21 |
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Return for Risk
DGSD.L vs. MKUW.L — Risk / Return Rank
DGSD.L
MKUW.L
DGSD.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist) (DGSD.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.
| DGSD.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.46 | +0.78 |
| Martin ratioReturn relative to average drawdown | 3.63 | 1.05 | +2.58 |
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Drawdowns
DGSD.L vs. MKUW.L - Drawdown Comparison
The maximum DGSD.L drawdown since its inception was -43.76%, 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 DGSD.L and MKUW.L.
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Drawdown Indicators
| DGSD.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.76% | -37.76% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -7.47% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.87% | -14.16% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.55% | -25.13% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -43.76% | — | — |
Current DrawdownCurrent decline from peak | -6.19% | -3.60% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -9.42% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.26% | -0.08% |
Volatility
DGSD.L vs. MKUW.L - Volatility Comparison
WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist) (DGSD.L) has a higher volatility of 5.75% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 1.71%. This indicates that DGSD.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
| DGSD.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 1.71% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 8.01% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 10.26% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 12.76% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 16.49% | -0.11% |
DGSD.L vs. MKUW.L - Expense Ratio Comparison
DGSD.L has a 0.54% expense ratio, which is higher than MKUW.L's 0.50% expense ratio.
Dividends
DGSD.L vs. MKUW.L - Dividend Comparison
DGSD.L's dividend yield for the trailing twelve months is around 3.26%, while MKUW.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGSD.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF USD (Dist) | 3.26% | 2.90% | 4.95% | 3.38% | 4.16% | 2.95% | 2.77% | 3.15% | 3.18% | 1.18% | 1.52% | 3.39% |
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
DGSD.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, MKUW.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MKUW.L is cheaper with a 0.50% expense ratio, compared with 0.54% for DGSD.L.
DGSD.L tracks WisdomTree Emerging Markets Smallcap 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: 0.54% for DGSD.L and 0.50% for MKUW.L.
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