KROG.L vs. MKUW.L
KROG.L (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) and MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) are both Technology Equities funds - KROG.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 3 years, KROG.L returned -1.78%/yr vs 6.64%/yr for MKUW.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
KROG.L vs. MKUW.L - Performance Comparison
Loading charts...
Different Trading Currencies
KROG.L is traded in GBP, while MKUW.L is traded in USD. To make them comparable, the MKUW.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, KROG.L achieves a 14.63% return, which is significantly higher than MKUW.L's -0.60% return.
KROG.L
- 1D
- 0.00%
- 1M
- 0.85%
- 6M
- 7.08%
- YTD
- 14.63%
- 1Y
- 9.66%
- 3Y*
- -1.78%
- 5Y*
- —
- 10Y*
- —
MKUW.L
- 1D
- 0.00%
- 1M
- -3.73%
- 6M
- -0.15%
- YTD
- -0.60%
- 1Y
- 1.89%
- 3Y*
- 6.64%
- 5Y*
- 7.49%
- 10Y*
- —
KROG.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KROG.L Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 14.63% | 0.36% | -6.89% | -26.89% | -14.07% |
MKUW.L Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc | -0.60% | 16.42% | 11.06% | -13.43% | 12.08% |
Correlation
The correlation between KROG.L and MKUW.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.11 |
The correlation between KROG.L and MKUW.L shifts across timeframes, from -0.04 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KROG.L vs. MKUW.L — Risk / Return Rank
KROG.L
MKUW.L
KROG.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.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.
| KROG.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.37 | +0.81 |
| Martin ratioReturn relative to average drawdown | 2.21 | 0.98 | +1.23 |
Loading charts...
Drawdowns
KROG.L vs. MKUW.L - Drawdown Comparison
The maximum KROG.L drawdown since its inception was -51.38%, which is greater than MKUW.L's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for KROG.L and MKUW.L.
Loading charts...
Drawdown Indicators
| KROG.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.38% | -33.94% | -17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -8.77% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -28.00% | -9.57% | -18.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.75% | — |
Current DrawdownCurrent decline from peak | -39.04% | -4.11% | -34.93% |
Average DrawdownAverage peak-to-trough decline | -34.46% | -10.63% | -23.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.35% | +1.03% |
Volatility
KROG.L vs. MKUW.L - Volatility Comparison
Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.L) has a higher volatility of 4.18% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 2.17%. This indicates that KROG.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.
Loading charts...
Volatility by Period
| KROG.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 2.17% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 9.17% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 11.76% | +4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 14.38% | +5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 17.70% | +1.70% |
KROG.L vs. MKUW.L - Expense Ratio Comparison
Both KROG.L and MKUW.L have an expense ratio of 0.50%.
Dividends
KROG.L vs. MKUW.L - Dividend Comparison
Neither KROG.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
KROG.L and MKUW.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
KROG.L and MKUW.L have the same expense ratio: 0.50% per year.
KROG.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: Global X and Invesco.
Find the right allocation for KROG.L and MKUW.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer