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KWT vs. FDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KWT vs. FDD

Last updated Jun 13, 2026

KWT (iShares MSCI Kuwait ETF) and FDD (First Trust STOXX European Select Dividend Index Fund) are both exchange-traded funds - KWT is a Financials Equities fund tracking the MSCI All Kuwait Select Size Liquidity Capped Index, while FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30. Both are passively managed. Over the past 5 years, KWT returned 9.21%/yr vs 11.32%/yr for FDD. At a 0.33 correlation, their price movements are largely independent. KWT charges 0.74%/yr vs 0.58%/yr for FDD.

Performance

KWT vs. FDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Kuwait ETF (KWT) and First Trust STOXX European Select Dividend Index Fund (FDD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KWT achieves a -0.12% return, which is significantly lower than FDD's 13.65% return.

KWT

1D
0.30%
1M
0.39%
YTD
-0.12%
6M
-2.87%
1Y
9.71%
3Y*
10.80%
5Y*
9.21%
10Y*
—

FDD

1D
0.81%
1M
1.80%
YTD
13.65%
6M
17.76%
1Y
33.97%
3Y*
26.21%
5Y*
11.32%
10Y*
10.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KWT vs. FDD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KWT
iShares MSCI Kuwait ETF		-0.12%25.38%11.29%-4.71%5.16%30.73%7.37%
FDD
First Trust STOXX European Select Dividend Index Fund		13.65%62.50%0.28%14.16%-16.14%16.03%17.87%

Correlation

The correlation between KWT and FDD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Sep 3, 2020

0.33

KWT vs. FDD - Sectors Allocation Comparison

Sectors
KWT
FDD

Financial Services

64.4%
52.2%

Real Estate

11.0%
3.5%

Industrials

10.8%
12.5%

Communication Services

6.3%
2.1%

Consumer Defensive

2.7%
3.7%

Consumer Cyclical

2.2%
12.3%

Basic Materials

1.6%
2.9%

Utilities

1.0%
6.0%

Energy

-

10.8%

Healthcare

-

-

Technology

-

-

Financial Services

KWT
64.4%
FDD
52.2%

Real Estate

KWT
11.0%
FDD
3.5%

Industrials

KWT
10.8%
FDD
12.5%

Communication Services

KWT
6.3%
FDD
2.1%

Consumer Defensive

KWT
2.7%
FDD
3.7%

Consumer Cyclical

KWT
2.2%
FDD
12.3%

Basic Materials

KWT
1.6%
FDD
2.9%

Utilities

KWT
1.0%
FDD
6.0%

Energy

KWT

-

FDD
10.8%

Healthcare

KWT

-

FDD

-

Technology

KWT

-

FDD

-

Compare stocks, funds, or ETFs

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iShares MSCI Kuwait ETF

First Trust STOXX European Select Dividend Index Fund

Often compared with KWT:
KWT vs. FLSAKWT vs. RAYSKWT vs. TANKWT vs. VOOKWT vs. SPYKWT vs. ESPOKWT vs. SCHD
Often compared with FDD:
FDD vs. EUFNFDD vs. FLAXFDD vs. VTIFDD vs. RFEUFDD vs. IQDFFDD vs. DVYFDD vs. IEUR

Return for Risk

KWT vs. FDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KWT
KWT Risk / Return Rank: 1818
Overall Rank
KWT Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
KWT Sortino Ratio Rank: 1818
Sortino Ratio Rank
KWT Omega Ratio Rank: 2020
Omega Ratio Rank
KWT Calmar Ratio Rank: 1818
Calmar Ratio Rank
KWT Martin Ratio Rank: 1717
Martin Ratio Rank
FDD
FDD Risk / Return Rank: 7575
Overall Rank
FDD Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 7575
Sortino Ratio Rank
FDD Omega Ratio Rank: 7171
Omega Ratio Rank
FDD Calmar Ratio Rank: 7979
Calmar Ratio Rank
FDD Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KWT vs. FDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kuwait ETF (KWT) and First Trust STOXX European Select Dividend Index Fund (FDD). 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.

KWTFDDDifference
Sharpe ratioReturn per unit of total volatility
0.54
2.11

-1.57

Sortino ratioReturn per unit of downside risk
0.86
2.91

-2.05

Omega ratioGain probability vs. loss probability

1.12

1.36

-0.25

Calmar ratioReturn relative to maximum drawdown

0.65

3.58

-2.93

Martin ratioReturn relative to average drawdown

1.53

11.88

-10.35

KWT vs. FDD - Sharpe Ratio Comparison

The current KWT Sharpe Ratio is 0.54, which is lower than the FDD Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of KWT and FDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KWT vs. FDD - Drawdown Comparison

The maximum KWT drawdown since its inception was -24.37%, smaller than the maximum FDD drawdown of -74.77%. Use the drawdown chart below to compare losses from any high point for KWT and FDD.

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Drawdown Indicators

KWTFDDDifference

Max Drawdown

Largest peak-to-trough decline

-24.37%

-74.77%

+50.40%

Max Drawdown (1Y)

Largest decline over 1 year

-11.54%

-9.39%

-2.15%

Max Drawdown (3Y)

Largest decline over 3 years

-15.72%

-13.06%

-2.66%

Max Drawdown (5Y)

Largest decline over 5 years

-24.37%

-35.11%

+10.74%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.43%

—

Current Drawdown

Current decline from peak

-4.95%

-0.40%

-4.55%

Average Drawdown

Average peak-to-trough decline

-7.30%

-35.41%

+28.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.93%

2.83%

+2.10%

Volatility

KWT vs. FDD - Volatility Comparison

The current volatility for iShares MSCI Kuwait ETF (KWT) is 3.76%, while First Trust STOXX European Select Dividend Index Fund (FDD) has a volatility of 5.91%. This indicates that KWT experiences smaller price fluctuations and is considered to be less risky than FDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KWTFDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

5.91%

-2.15%

Volatility (6M)

Calculated over the trailing 6-month period

11.79%

12.98%

-1.19%

Volatility (1Y)

Calculated over the trailing 1-year period

13.85%

15.93%

-2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.64%

18.48%

-4.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.94%

20.16%

-6.22%

KWT vs. FDD - Expense Ratio Comparison

KWT has a 0.74% expense ratio, which is higher than FDD's 0.58% expense ratio.

Dividends

KWT vs. FDD - Dividend Comparison

KWT's dividend yield for the trailing twelve months is around 5.41%, more than FDD's 3.48% yield.

PositionTTM20252024202320222021202020192018201720162015
FDD
First Trust STOXX European Select Dividend Index Fund		3.48%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%
KWT
iShares MSCI Kuwait ETF		5.41%5.40%6.09%2.25%5.87%7.65%0.27%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KWT and FDD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDD has higher volatility (5.91%) compared to KWT (3.76%). In terms of maximum drawdown, KWT dropped -24.37% vs FDD's -74.77%.

On 5-year performance, FDD leads with 11.32% vs 9.21% for KWT. On fees, FDD is cheaper at 0.58% per year. On volatility, KWT has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDD has performed better with a 11.32% return vs 9.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDD is cheaper with a 0.58% expense ratio, compared with 0.74% for KWT.

KWT has the higher dividend yield at 5.41%, compared with 3.48% for FDD.

KWT is categorized as Financials Equities, while FDD is Europe Equities. KWT tracks MSCI All Kuwait Select Size Liquidity Capped Index, while FDD tracks STOXX Europe Select Dividend 30. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.74% for KWT and 0.58% for FDD.

FDD currently has the higher Sharpe Ratio (2.11 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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