MKUW.L vs. LEGR.L
MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) and LEGR.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds - MKUW.L tracks the Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc while LEGR.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, MKUW.L returned 7.35%/yr vs 11.65%/yr for LEGR.L. At a 0.22 correlation, their price movements are largely independent. MKUW.L charges 0.50%/yr vs 0.65%/yr for LEGR.L.
Performance
MKUW.L vs. LEGR.L - Performance Comparison
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Returns By Period
In the year-to-date period, MKUW.L achieves a 0.89% return, which is significantly lower than LEGR.L's 9.29% return.
MKUW.L
- 1D
- 1.09%
- 1M
- -1.83%
- 6M
- 1.55%
- YTD
- 0.89%
- 1Y
- 4.11%
- 3Y*
- 8.26%
- 5Y*
- 7.35%
- 10Y*
- —
LEGR.L
- 1D
- -0.11%
- 1M
- -2.79%
- 6M
- 6.75%
- YTD
- 9.29%
- 1Y
- 23.20%
- 3Y*
- 20.69%
- 5Y*
- 11.65%
- 10Y*
- —
MKUW.L vs. LEGR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MKUW.L Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc | 0.89% | 25.35% | 9.15% | -8.87% | 5.99% | 28.57% | -9.88% | 10.35% |
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 9.29% | 31.58% | 16.31% | 21.81% | -18.56% | 17.39% | 19.03% | 6.76% |
Correlation
The correlation between MKUW.L and LEGR.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 | 0.26 |
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 |
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Return for Risk
MKUW.L vs. LEGR.L — Risk / Return Rank
MKUW.L
LEGR.L
MKUW.L vs. LEGR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.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.
| MKUW.L | LEGR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.37 | -1.67 |
| Martin ratioReturn relative to average drawdown | 1.63 | 7.71 | -6.08 |
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Drawdowns
MKUW.L vs. LEGR.L - Drawdown Comparison
The maximum MKUW.L drawdown since its inception was -37.76%, which is greater than LEGR.L's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for MKUW.L and LEGR.L.
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Drawdown Indicators
| MKUW.L | LEGR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.76% | -34.70% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -9.73% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -13.91% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.13% | -31.56% | +6.43% |
Current DrawdownCurrent decline from peak | -2.89% | -4.04% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -6.58% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.00% | +0.24% |
Volatility
MKUW.L vs. LEGR.L - Volatility Comparison
The current volatility for Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) is 2.12%, while First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) has a volatility of 4.09%. This indicates that MKUW.L experiences smaller price fluctuations and is considered to be less risky than LEGR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKUW.L | LEGR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 4.09% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 12.32% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 14.82% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.77% | 16.90% | -4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 18.56% | -2.06% |
MKUW.L vs. LEGR.L - Expense Ratio Comparison
MKUW.L has a 0.50% expense ratio, which is lower than LEGR.L's 0.65% expense ratio.
Dividends
MKUW.L vs. LEGR.L - Dividend Comparison
Neither MKUW.L nor LEGR.L has paid dividends to shareholders.
Frequently Asked Questions
MKUW.L and LEGR.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, MKUW.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MKUW.L is cheaper with a 0.50% expense ratio, compared with 0.65% for LEGR.L.
MKUW.L tracks Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc, while LEGR.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.50% for MKUW.L and 0.65% for LEGR.L.
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