EIMI.L vs. MKUW.L
EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - EIMI.L tracks the MSCI Emerging Markets Investable Market Index while MKUW.L tracks the MSCI Kuwait 20/35 Index. Both are passively managed. Over the past 5 years, EIMI.L returned 6.52%/yr vs 7.19%/yr for MKUW.L. At a 0.21 correlation, their price movements are largely independent. EIMI.L charges 0.18%/yr vs 0.50%/yr for MKUW.L.
Performance
EIMI.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, EIMI.L achieves a 14.85% return, which is significantly higher than MKUW.L's 0.15% return.
EIMI.L
- 1D
- -2.10%
- 1M
- -9.18%
- 6M
- 9.56%
- YTD
- 14.85%
- 1Y
- 28.94%
- 3Y*
- 18.24%
- 5Y*
- 6.52%
- 10Y*
- 8.91%
MKUW.L
- 1D
- -0.06%
- 1M
- -2.04%
- 6M
- 1.18%
- YTD
- 0.15%
- 1Y
- 3.43%
- 3Y*
- 7.89%
- 5Y*
- 7.19%
- 10Y*
- —
EIMI.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 14.85% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 7.85% |
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 EIMI.L and MKUW.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
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 | 0.21 |
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Return for Risk
EIMI.L vs. MKUW.L — Risk / Return Rank
EIMI.L
MKUW.L
EIMI.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
| EIMI.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.46 | +1.82 |
| Martin ratioReturn relative to average drawdown | 7.08 | 1.05 | +6.03 |
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Drawdowns
EIMI.L vs. MKUW.L - Drawdown Comparison
The maximum EIMI.L drawdown since its inception was -38.73%, roughly equal to the maximum MKUW.L drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for EIMI.L and MKUW.L.
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Drawdown Indicators
| EIMI.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -37.76% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -7.47% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -14.16% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -33.67% | -25.13% | -8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | — | — |
Current DrawdownCurrent decline from peak | -10.66% | -3.60% | -7.06% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -9.42% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 3.26% | +0.81% |
Volatility
EIMI.L vs. MKUW.L - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a higher volatility of 8.54% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 1.71%. This indicates that EIMI.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
| EIMI.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 1.71% | +6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 8.01% | +11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.58% | 10.26% | +11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.85% | 12.76% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 16.49% | +2.74% |
EIMI.L vs. MKUW.L - Expense Ratio Comparison
EIMI.L has a 0.18% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
EIMI.L vs. MKUW.L - Dividend Comparison
Neither EIMI.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
EIMI.L and MKUW.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.50% for MKUW.L.
EIMI.L tracks MSCI Emerging Markets Investable Market Index, while MKUW.L tracks MSCI Kuwait 20/35 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for EIMI.L and 0.50% for MKUW.L.
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