KWT vs. FDIQ
KWT (iShares MSCI Kuwait ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds - KWT tracks the MSCI All Kuwait Select Size Liquidity Capped Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 5 years, KWT returned 9.17%/yr vs 3.82%/yr for FDIQ. At a 0.27 correlation, their price movements are largely independent. KWT charges 0.74%/yr vs 0.35%/yr for FDIQ.
Performance
KWT vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, KWT achieves a -1.30% return, which is significantly lower than FDIQ's 9.72% return.
KWT
- 1D
- -0.59%
- 1M
- -1.54%
- YTD
- -1.30%
- 6M
- -1.08%
- 1Y
- 6.41%
- 3Y*
- 10.61%
- 5Y*
- 9.17%
- 10Y*
- —
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
KWT vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | -1.30% | 25.38% | 11.29% | -4.71% | 5.16% | 30.73% | 9.07% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | 34.69% |
Correlation
The correlation between KWT and FDIQ 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 | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020 | 0.27 |
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Return for Risk
KWT vs. FDIQ — Risk / Return Rank
KWT
FDIQ
KWT vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kuwait ETF (KWT) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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.
| KWT | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.07 | -1.52 |
| Martin ratioReturn relative to average drawdown | 1.33 | 5.26 | -3.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KWT | FDIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.04 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.13 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.37 | +0.53 |
Drawdowns
KWT vs. FDIQ - Drawdown Comparison
The maximum KWT drawdown since its inception was -24.37%, smaller than the maximum FDIQ drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KWT and FDIQ.
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Drawdown Indicators
| KWT | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.37% | -52.86% | +28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -11.13% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -28.09% | +12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -42.99% | +18.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.86% | — |
Current DrawdownCurrent decline from peak | -6.07% | -8.53% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -11.56% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 4.38% | +0.47% |
Volatility
KWT vs. FDIQ - Volatility Comparison
The current volatility for iShares MSCI Kuwait ETF (KWT) is 3.16%, while Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a volatility of 4.06%. This indicates that KWT experiences smaller price fluctuations and is considered to be less risky than FDIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWT | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 4.06% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 13.93% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 22.14% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 28.70% | -15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 31.12% | -17.19% |
KWT vs. FDIQ - Expense Ratio Comparison
KWT has a 0.74% expense ratio, which is higher than FDIQ's 0.35% expense ratio.
Dividends
KWT vs. FDIQ - Dividend Comparison
KWT's dividend yield for the trailing twelve months is around 5.47%, more than FDIQ's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
KWT iShares MSCI Kuwait ETF | 5.47% | 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 FDIQ 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.
FDIQ has higher volatility (4.06%) compared to KWT (3.16%). In terms of maximum drawdown, KWT dropped -24.37% vs FDIQ's -52.86%.
On 5-year performance, KWT leads with 9.17% vs 3.82% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, KWT has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KWT has performed better with a 9.17% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 0.74% for KWT.
KWT has the higher dividend yield at 5.47%, compared with 2.56% for FDIQ.
KWT tracks MSCI All Kuwait Select Size Liquidity Capped Index, while FDIQ tracks Bloomberg Financial Data Providers Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.74% for KWT and 0.35% for FDIQ.
FDIQ currently has the higher Sharpe Ratio (1.04 vs 0.47), 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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