LDME.L vs. MKUW.L
LDME.L (L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist)) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - LDME.L tracks the FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Index while MKUW.L tracks the MSCI Kuwait 20/35 Index. Both are passively managed. Over the past 5 years, LDME.L returned 9.58%/yr vs 7.68%/yr for MKUW.L. At a 0.15 correlation, their price movements are largely independent. LDME.L charges 0.45%/yr vs 0.50%/yr for MKUW.L.
Performance
LDME.L vs. MKUW.L - Performance Comparison
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Different Trading Currencies
LDME.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, LDME.L achieves a 10.73% return, which is significantly higher than MKUW.L's 0.30% return.
LDME.L
- 1D
- -0.96%
- 1M
- -5.18%
- 6M
- 6.28%
- YTD
- 10.73%
- 1Y
- 20.08%
- 3Y*
- 15.53%
- 5Y*
- 9.58%
- 10Y*
- —
MKUW.L
- 1D
- 0.11%
- 1M
- -3.24%
- 6M
- 0.60%
- YTD
- 0.30%
- 1Y
- 3.15%
- 3Y*
- 6.77%
- 5Y*
- 7.68%
- 10Y*
- —
LDME.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) | 10.73% | 16.54% | 11.33% | 10.64% | -2.34% | 7,358.59% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.30% | 16.42% | 11.06% | -13.43% | 18.60% | 9.69% |
Correlation
The correlation between LDME.L and MKUW.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.15 |
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Return for Risk
LDME.L vs. MKUW.L — Risk / Return Rank
LDME.L
MKUW.L
LDME.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDME.L) and 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.
| LDME.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.05 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.36 | +2.75 |
| Martin ratioReturn relative to average drawdown | 8.15 | 0.94 | +7.21 |
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Drawdowns
LDME.L vs. MKUW.L - Drawdown Comparison
The maximum LDME.L drawdown since its inception was -14.82%, smaller than the maximum MKUW.L drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for LDME.L and MKUW.L.
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Drawdown Indicators
| LDME.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.82% | -33.94% | +19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -8.77% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -9.57% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -25.75% | +10.93% |
Current DrawdownCurrent decline from peak | -6.32% | -3.24% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -10.63% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.35% | -0.89% |
Volatility
LDME.L vs. MKUW.L - Volatility Comparison
L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDME.L) has a higher volatility of 3.98% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 2.44%. This indicates that LDME.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
| LDME.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 2.44% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 9.20% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 11.72% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 14.38% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,215.14% | 17.70% | +3,197.44% |
LDME.L vs. MKUW.L - Expense Ratio Comparison
LDME.L has a 0.45% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
LDME.L vs. MKUW.L - Dividend Comparison
LDME.L's dividend yield for the trailing twelve months is around 2.88%, while MKUW.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) | 2.88% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDME.L and MKUW.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDME.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDME.L is cheaper with a 0.45% expense ratio, compared with 0.50% for MKUW.L.
LDME.L tracks FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Index, while MKUW.L tracks MSCI Kuwait 20/35 Index. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.45% for LDME.L and 0.50% for MKUW.L.
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