ROBE.L vs. MKUW.L
ROBE.L (L&G ROBO Global Robotics and Automation UCITS ETF) and MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) are both Technology Equities funds - ROBE.L tracks the L&G ROBO Global Robotics and Automation UCITS ETF while MKUW.L tracks the Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. Both are passively managed. Over the past 5 years, ROBE.L returned 5.54%/yr vs 7.74%/yr for MKUW.L. At a 0.15 correlation, their price movements are largely independent. ROBE.L charges 0.80%/yr vs 0.50%/yr for MKUW.L.
Performance
ROBE.L vs. MKUW.L - Performance Comparison
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Different Trading Currencies
ROBE.L is traded in EUR, while MKUW.L is traded in USD. To make them comparable, the MKUW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ROBE.L achieves a 18.25% return, which is significantly higher than MKUW.L's 2.20% return.
ROBE.L
- 1D
- -0.98%
- 1M
- -4.91%
- 6M
- 10.91%
- YTD
- 18.25%
- 1Y
- 34.78%
- 3Y*
- 10.32%
- 5Y*
- 5.54%
- 10Y*
- 12.19%
MKUW.L
- 1D
- 0.00%
- 1M
- -1.88%
- 6M
- 1.98%
- YTD
- 2.20%
- 1Y
- 4.14%
- 3Y*
- 7.13%
- 5Y*
- 7.74%
- 10Y*
- —
ROBE.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ROBE.L L&G ROBO Global Robotics and Automation UCITS ETF | 18.25% | 9.14% | 4.79% | 20.61% | -29.75% | 25.18% | 33.46% | 6.17% |
MKUW.L Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc | 2.20% | 10.48% | 16.36% | -11.60% | 12.56% | 38.19% | -17.31% | 8.99% |
Correlation
The correlation between ROBE.L and MKUW.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.15 |
The correlation between ROBE.L and MKUW.L shifts across timeframes, from 0.13 (1 year) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ROBE.L vs. MKUW.L — Risk / Return Rank
ROBE.L
MKUW.L
ROBE.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ROBO Global Robotics and Automation UCITS ETF (ROBE.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.
| ROBE.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 0.70 | +1.92 |
| Martin ratioReturn relative to average drawdown | 8.47 | 1.90 | +6.57 |
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Drawdowns
ROBE.L vs. MKUW.L - Drawdown Comparison
The maximum ROBE.L drawdown since its inception was -36.18%, smaller than the maximum MKUW.L drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for ROBE.L and MKUW.L.
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Drawdown Indicators
| ROBE.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.18% | -38.59% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.69% | -8.00% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -31.61% | -10.55% | -21.06% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -25.96% | -10.22% |
Max Drawdown (10Y)Largest decline over 10 years | -36.18% | — | — |
Current DrawdownCurrent decline from peak | -9.89% | -2.12% | -7.77% |
Average DrawdownAverage peak-to-trough decline | -11.59% | -11.18% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 2.98% | +1.27% |
Volatility
ROBE.L vs. MKUW.L - Volatility Comparison
L&G ROBO Global Robotics and Automation UCITS ETF (ROBE.L) has a higher volatility of 9.94% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 2.00%. This indicates that ROBE.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
| ROBE.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 2.00% | +7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 8.87% | +10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.31% | 11.53% | +12.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.35% | 14.12% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 17.81% | +3.62% |
ROBE.L vs. MKUW.L - Expense Ratio Comparison
ROBE.L has a 0.80% expense ratio, which is higher than MKUW.L's 0.50% expense ratio.
Dividends
ROBE.L vs. MKUW.L - Dividend Comparison
Neither ROBE.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
ROBE.L and MKUW.L have a correlation of 0.13, 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 0.80% for ROBE.L.
ROBE.L tracks L&G ROBO Global Robotics and Automation UCITS ETF, while MKUW.L tracks Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.80% for ROBE.L and 0.50% for MKUW.L.
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