MKUW.L vs. SEDY.L
MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) and SEDY.L (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds - MKUW.L tracks the MSCI Kuwait 20/35 Index while SEDY.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, MKUW.L returned 7.19%/yr vs 4.75%/yr for SEDY.L. At a 0.15 correlation, their price movements are largely independent. MKUW.L charges 0.50%/yr vs 0.65%/yr for SEDY.L.
Performance
MKUW.L vs. SEDY.L - Performance Comparison
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Different Trading Currencies
MKUW.L is traded in USD, while SEDY.L is traded in GBp. To make them comparable, the SEDY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MKUW.L achieves a 0.15% return, which is significantly lower than SEDY.L's 8.55% return.
MKUW.L
- 1D
- -0.06%
- 1M
- -2.04%
- 6M
- 1.18%
- YTD
- 0.15%
- 1Y
- 3.43%
- 3Y*
- 7.89%
- 5Y*
- 7.19%
- 10Y*
- —
SEDY.L
- 1D
- -0.03%
- 1M
- -1.28%
- 6M
- 4.51%
- YTD
- 8.55%
- 1Y
- 21.04%
- 3Y*
- 18.45%
- 5Y*
- 4.75%
- 10Y*
- 6.35%
MKUW.L vs. SEDY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.15% | 25.35% | 9.15% | -8.87% | 5.99% | 28.57% | -9.88% | 10.35% |
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 8.55% | 27.66% | 6.90% | 18.97% | -30.91% | 11.63% | -2.97% | 7.26% |
Correlation
The correlation between MKUW.L and SEDY.L 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.15 |
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Return for Risk
MKUW.L vs. SEDY.L — Risk / Return Rank
MKUW.L
SEDY.L
MKUW.L vs. SEDY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) and iShares Emerging Markets Dividend UCITS ETF (SEDY.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 | SEDY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.26 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.44 | -1.99 |
| Martin ratioReturn relative to average drawdown | 1.05 | 6.74 | -5.69 |
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Drawdowns
MKUW.L vs. SEDY.L - Drawdown Comparison
The maximum MKUW.L drawdown since its inception was -37.76%, smaller than the maximum SEDY.L drawdown of -55.31%. Use the drawdown chart below to compare losses from any high point for MKUW.L and SEDY.L.
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Drawdown Indicators
| MKUW.L | SEDY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.76% | -55.31% | +17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -8.58% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -13.31% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.13% | -40.64% | +15.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.64% | — |
Current DrawdownCurrent decline from peak | -3.60% | -5.72% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -24.25% | +14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.11% | +0.15% |
Volatility
MKUW.L vs. SEDY.L - Volatility Comparison
The current volatility for Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) is 1.71%, while iShares Emerging Markets Dividend UCITS ETF (SEDY.L) has a volatility of 3.56%. This indicates that MKUW.L experiences smaller price fluctuations and is considered to be less risky than SEDY.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 | SEDY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 3.56% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 11.41% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 13.69% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 17.06% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 17.31% | -0.82% |
MKUW.L vs. SEDY.L - Expense Ratio Comparison
MKUW.L has a 0.50% expense ratio, which is lower than SEDY.L's 0.65% expense ratio.
Dividends
MKUW.L vs. SEDY.L - Dividend Comparison
MKUW.L has not paid dividends to shareholders, while SEDY.L's dividend yield for the trailing twelve months is around 5.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 5.15% | 5.72% | 7.74% | 7.99% | 9.32% | 6.42% | 5.11% | 5.84% | 5.54% | 4.07% | 4.25% | 6.31% |
Frequently Asked Questions
MKUW.L and SEDY.L 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.
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 SEDY.L.
MKUW.L tracks MSCI Kuwait 20/35 Index, while SEDY.L tracks MSCI EM NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for MKUW.L and 0.65% for SEDY.L.
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