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KWT vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


KWTSPY
YTD Return9.33%21.01%
1Y Return13.77%32.86%
3Y Return (Ann)1.77%8.37%
Sharpe Ratio1.192.83
Sortino Ratio1.763.76
Omega Ratio1.231.53
Calmar Ratio0.624.05
Martin Ratio6.0018.38
Ulcer Index2.40%1.85%
Daily Std Dev12.11%12.02%
Max Drawdown-25.37%-55.19%
Current Drawdown-11.63%-2.53%

Correlation

-0.50.00.51.00.4

The correlation between KWT and SPY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

KWT vs. SPY - Performance Comparison

In the year-to-date period, KWT achieves a 9.33% return, which is significantly lower than SPY's 21.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
2.19%
11.00%
KWT
SPY

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KWT vs. SPY - Expense Ratio Comparison

KWT has a 0.74% expense ratio, which is higher than SPY's 0.09% expense ratio.


KWT
iShares MSCI Kuwait ETF
Expense ratio chart for KWT: current value at 0.74% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.74%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

KWT vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kuwait ETF (KWT) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for KWT, currently valued at 1.19, compared to the broader market0.002.004.001.19
Sortino ratio
The chart of Sortino ratio for KWT, currently valued at 1.76, compared to the broader market0.005.0010.001.76
Omega ratio
The chart of Omega ratio for KWT, currently valued at 1.23, compared to the broader market1.001.502.002.503.003.501.23
Calmar ratio
The chart of Calmar ratio for KWT, currently valued at 0.62, compared to the broader market0.005.0010.0015.0020.000.62
Martin ratio
The chart of Martin ratio for KWT, currently valued at 6.00, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.00
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.83, compared to the broader market0.002.004.002.83
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.76, compared to the broader market0.005.0010.003.76
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.53, compared to the broader market1.001.502.002.503.003.501.53
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.05, compared to the broader market0.005.0010.0015.0020.004.05
Martin ratio
The chart of Martin ratio for SPY, currently valued at 18.38, compared to the broader market0.0020.0040.0060.0080.00100.00120.0018.38

KWT vs. SPY - Sharpe Ratio Comparison

The current KWT Sharpe Ratio is 1.19, which is lower than the SPY Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of KWT and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.19
2.83
KWT
SPY

Dividends

KWT vs. SPY - Dividend Comparison

KWT's dividend yield for the trailing twelve months is around 4.63%, more than SPY's 1.23% yield.


TTM20232022202120202019201820172016201520142013
KWT
iShares MSCI Kuwait ETF
4.63%2.25%4.49%7.65%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.23%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

KWT vs. SPY - Drawdown Comparison

The maximum KWT drawdown since its inception was -25.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KWT and SPY. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-11.63%
-2.53%
KWT
SPY

Volatility

KWT vs. SPY - Volatility Comparison

The current volatility for iShares MSCI Kuwait ETF (KWT) is 2.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that KWT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.76%
3.15%
KWT
SPY