IUIT.L vs. MKUW.L
IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) and MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) are both Technology Equities funds - IUIT.L tracks the S&P 500 Capped 35/20 Information Technology Index while MKUW.L tracks the Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. Both are passively managed. Over the past 5 years, IUIT.L returned 21.03%/yr vs 7.35%/yr for MKUW.L. At a 0.21 correlation, their price movements are largely independent. IUIT.L charges 0.15%/yr vs 0.50%/yr for MKUW.L.
Performance
IUIT.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUIT.L achieves a 17.06% return, which is significantly higher than MKUW.L's 0.89% return.
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
MKUW.L
- 1D
- 1.09%
- 1M
- -1.83%
- 6M
- 1.55%
- YTD
- 0.89%
- 1Y
- 4.11%
- 3Y*
- 8.26%
- 5Y*
- 7.35%
- 10Y*
- —
IUIT.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 11.80% |
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 IUIT.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 | 0.22 |
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
IUIT.L vs. MKUW.L — Risk / Return Rank
IUIT.L
MKUW.L
IUIT.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.
| IUIT.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.70 | +1.15 |
| Martin ratioReturn relative to average drawdown | 4.97 | 1.63 | +3.34 |
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Drawdowns
IUIT.L vs. MKUW.L - Drawdown Comparison
The maximum IUIT.L drawdown since its inception was -33.46%, smaller than the maximum MKUW.L drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for IUIT.L and MKUW.L.
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Drawdown Indicators
| IUIT.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -37.76% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.03% | -7.47% | -9.56% |
Max Drawdown (3Y)Largest decline over 3 years | -26.40% | -14.16% | -12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -33.46% | -25.13% | -8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | — | — |
Current DrawdownCurrent decline from peak | -7.85% | -2.89% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -9.42% | +3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.35% | 3.24% | +3.11% |
Volatility
IUIT.L vs. MKUW.L - Volatility Comparison
iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a higher volatility of 7.15% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 2.12%. This indicates that IUIT.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
| IUIT.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 2.12% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 17.59% | 8.09% | +9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.08% | 10.37% | +11.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 12.77% | +11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.32% | 16.50% | +5.82% |
IUIT.L vs. MKUW.L - Expense Ratio Comparison
IUIT.L has a 0.15% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
IUIT.L vs. MKUW.L - Dividend Comparison
Neither IUIT.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
IUIT.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, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.50% for MKUW.L.
IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index, 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: 0.15% for IUIT.L and 0.50% for MKUW.L.
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