ROBO.L vs. MKUW.L
ROBO.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 - ROBO.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, ROBO.L returned 4.93%/yr vs 7.35%/yr for MKUW.L. At a 0.23 correlation, their price movements are largely independent. ROBO.L charges 0.80%/yr vs 0.50%/yr for MKUW.L.
Performance
ROBO.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, ROBO.L achieves a 15.43% return, which is significantly higher than MKUW.L's 0.89% return.
ROBO.L
- 1D
- -0.77%
- 1M
- -5.90%
- 6M
- 9.24%
- YTD
- 15.43%
- 1Y
- 33.11%
- 3Y*
- 11.17%
- 5Y*
- 4.93%
- 10Y*
- 12.58%
MKUW.L
- 1D
- 1.09%
- 1M
- -1.83%
- 6M
- 1.55%
- YTD
- 0.89%
- 1Y
- 4.11%
- 3Y*
- 8.26%
- 5Y*
- 7.35%
- 10Y*
- —
ROBO.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ROBO.L L&G ROBO Global Robotics and Automation UCITS ETF | 15.43% | 23.22% | -1.60% | 25.20% | -33.80% | 15.65% | 45.75% | 7.42% |
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% |
Correlation
The correlation between ROBO.L and MKUW.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
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 | 0.23 |
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Return for Risk
ROBO.L vs. MKUW.L — Risk / Return Rank
ROBO.L
MKUW.L
ROBO.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 (ROBO.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.
| ROBO.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.70 | +1.36 |
| Martin ratioReturn relative to average drawdown | 6.79 | 1.63 | +5.16 |
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Drawdowns
ROBO.L vs. MKUW.L - Drawdown Comparison
The maximum ROBO.L drawdown since its inception was -42.74%, which is greater than MKUW.L's maximum drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for ROBO.L and MKUW.L.
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Drawdown Indicators
| ROBO.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.74% | -37.76% | -4.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -7.47% | -8.76% |
Max Drawdown (3Y)Largest decline over 3 years | -28.70% | -14.16% | -14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -42.74% | -25.13% | -17.61% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | — | — |
Current DrawdownCurrent decline from peak | -11.09% | -2.89% | -8.20% |
Average DrawdownAverage peak-to-trough decline | -13.17% | -9.42% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 3.24% | +1.70% |
Volatility
ROBO.L vs. MKUW.L - Volatility Comparison
L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.L) has a higher volatility of 9.56% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 2.12%. This indicates that ROBO.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
| ROBO.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 2.12% | +7.44% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 8.09% | +13.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 10.37% | +15.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.18% | 12.77% | +11.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 16.50% | +5.93% |
ROBO.L vs. MKUW.L - Expense Ratio Comparison
ROBO.L has a 0.80% expense ratio, which is higher than MKUW.L's 0.50% expense ratio.
Dividends
ROBO.L vs. MKUW.L - Dividend Comparison
Neither ROBO.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
ROBO.L and MKUW.L have a correlation of 0.16, 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 ROBO.L.
ROBO.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 ROBO.L and 0.50% for MKUW.L.
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