LOCK.L vs. MKUW.L
LOCK.L (iShares Digital Security UCITS ETF USD Acc) and MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) are both Technology Equities funds - LOCK.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 5 years, LOCK.L returned 9.23%/yr vs 7.20%/yr for MKUW.L. At a 0.22 correlation, their price movements are largely independent. LOCK.L charges 0.40%/yr vs 0.50%/yr for MKUW.L.
Performance
LOCK.L vs. MKUW.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LOCK.L achieves a 17.34% return, which is significantly higher than MKUW.L's 0.21% return.
LOCK.L
- 1D
- -0.42%
- 1M
- 4.11%
- 6M
- 16.54%
- YTD
- 17.34%
- 1Y
- 25.50%
- 3Y*
- 19.55%
- 5Y*
- 9.23%
- 10Y*
- —
MKUW.L
- 1D
- 0.40%
- 1M
- -2.11%
- 6M
- 1.65%
- YTD
- 0.21%
- 1Y
- 4.57%
- 3Y*
- 8.01%
- 5Y*
- 7.20%
- 10Y*
- —
LOCK.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LOCK.L iShares Digital Security UCITS ETF USD Acc | 17.34% | 11.29% | 16.92% | 33.93% | -29.10% | 16.48% | 26.98% | 8.32% |
MKUW.L Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc | 0.21% | 25.35% | 9.15% | -8.87% | 5.99% | 28.57% | -9.88% | 10.35% |
Correlation
The correlation between LOCK.L and MKUW.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.22 |
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
LOCK.L vs. MKUW.L — Risk / Return Rank
LOCK.L
MKUW.L
LOCK.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Acc (LOCK.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.
| LOCK.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.09 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.61 | +1.57 |
| Martin ratioReturn relative to average drawdown | 4.67 | 1.41 | +3.26 |
Loading charts...
Drawdowns
LOCK.L vs. MKUW.L - Drawdown Comparison
The maximum LOCK.L drawdown since its inception was -36.04%, roughly equal to the maximum MKUW.L drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for LOCK.L and MKUW.L.
Loading charts...
Drawdown Indicators
| LOCK.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.04% | -37.76% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -7.47% | -4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.28% | -14.16% | -8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -36.04% | -25.13% | -10.91% |
Current DrawdownCurrent decline from peak | -4.64% | -3.55% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -9.43% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 3.25% | +2.20% |
Volatility
LOCK.L vs. MKUW.L - Volatility Comparison
iShares Digital Security UCITS ETF USD Acc (LOCK.L) has a higher volatility of 7.38% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 1.82%. This indicates that LOCK.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
| LOCK.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 1.82% | +5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 8.02% | +10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.05% | 10.32% | +11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 12.77% | +8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 16.50% | +4.70% |
LOCK.L vs. MKUW.L - Expense Ratio Comparison
LOCK.L has a 0.40% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
LOCK.L vs. MKUW.L - Dividend Comparison
Neither LOCK.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
LOCK.L and MKUW.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LOCK.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LOCK.L is cheaper with a 0.40% expense ratio, compared with 0.50% for MKUW.L.
LOCK.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: iShares and Invesco. Their fees differ too: 0.40% for LOCK.L and 0.50% for MKUW.L.
Find the right allocation for LOCK.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