ECAR.L vs. MKUW.L
ECAR.L (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) and MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) are both Technology Equities funds - ECAR.L tracks the MSCI World/Information Tech NR USD while MKUW.L tracks the Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. Both are passively managed. Over the past 5 years, ECAR.L returned 10.77%/yr vs 7.35%/yr for MKUW.L. At a 0.23 correlation, their price movements are largely independent. ECAR.L charges 0.40%/yr vs 0.50%/yr for MKUW.L.
Performance
ECAR.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, ECAR.L achieves a 38.96% return, which is significantly higher than MKUW.L's 0.89% return.
ECAR.L
- 1D
- -1.21%
- 1M
- -11.13%
- 6M
- 34.95%
- YTD
- 38.96%
- 1Y
- 56.58%
- 3Y*
- 17.50%
- 5Y*
- 10.77%
- 10Y*
- —
MKUW.L
- 1D
- 1.09%
- 1M
- -1.83%
- 6M
- 1.55%
- YTD
- 0.89%
- 1Y
- 4.11%
- 3Y*
- 8.26%
- 5Y*
- 7.35%
- 10Y*
- —
ECAR.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ECAR.L iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 38.96% | 24.27% | -0.92% | 27.13% | -27.28% | 16.16% | 33.68% | 6.65% |
MKUW.L Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc | 0.89% | 25.35% | 9.15% | -8.87% | 5.99% | 28.57% | -9.88% | 10.35% |
Correlation
The correlation between ECAR.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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.23 |
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Return for Risk
ECAR.L vs. MKUW.L — Risk / Return Rank
ECAR.L
MKUW.L
ECAR.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) and Invesco Markets PLC - 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.
| ECAR.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.10 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 0.70 | +3.16 |
| Martin ratioReturn relative to average drawdown | 10.64 | 1.63 | +9.01 |
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Drawdowns
ECAR.L vs. MKUW.L - Drawdown Comparison
The maximum ECAR.L drawdown since its inception was -42.77%, 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 ECAR.L and MKUW.L.
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Drawdown Indicators
| ECAR.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.77% | -37.76% | -5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -7.47% | -7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -14.16% | -15.15% |
Max Drawdown (5Y)Largest decline over 5 years | -36.21% | -25.13% | -11.08% |
Current DrawdownCurrent decline from peak | -13.65% | -2.89% | -10.76% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -9.42% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 3.24% | +2.06% |
Volatility
ECAR.L vs. MKUW.L - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 10.14% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 2.12%. This indicates that ECAR.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
| ECAR.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 2.12% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 8.09% | +16.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.66% | 10.37% | +18.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.39% | 12.77% | +12.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.96% | 16.50% | +9.46% |
ECAR.L vs. MKUW.L - Expense Ratio Comparison
ECAR.L has a 0.40% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
ECAR.L vs. MKUW.L - Dividend Comparison
Neither ECAR.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
ECAR.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, ECAR.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECAR.L is cheaper with a 0.40% expense ratio, compared with 0.50% for MKUW.L.
ECAR.L tracks MSCI World/Information Tech NR USD, while MKUW.L tracks Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for ECAR.L and 0.50% for MKUW.L.
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