SNSR.L vs. MKUW.L
SNSR.L (Global X Internet of Things UCITS ETF USD Acc) and MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) are both Technology Equities funds - SNSR.L tracks the Global X Internet of Things UCITS ETF USD Acc while MKUW.L tracks the Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, SNSR.L returned 10.04%/yr vs 8.26%/yr for MKUW.L. At a 0.25 correlation, their price movements are largely independent.
Performance
SNSR.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, SNSR.L achieves a 25.01% return, which is significantly higher than MKUW.L's 0.89% return.
SNSR.L
- 1D
- -0.68%
- 1M
- -9.96%
- 6M
- 22.46%
- YTD
- 25.01%
- 1Y
- 22.63%
- 3Y*
- 10.04%
- 5Y*
- —
- 10Y*
- —
MKUW.L
- 1D
- 1.09%
- 1M
- -1.83%
- 6M
- 1.55%
- YTD
- 0.89%
- 1Y
- 4.11%
- 3Y*
- 8.26%
- 5Y*
- 7.35%
- 10Y*
- —
SNSR.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNSR.L Global X Internet of Things UCITS ETF USD Acc | 25.01% | 6.74% | -0.81% | 23.59% | -25.30% | -2.76% |
MKUW.L Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc | 0.89% | 25.35% | 9.15% | -8.87% | 5.99% | -4.18% |
Correlation
The correlation between SNSR.L and MKUW.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.25 |
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Return for Risk
SNSR.L vs. MKUW.L — Risk / Return Rank
SNSR.L
MKUW.L
SNSR.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Internet of Things UCITS ETF USD Acc (SNSR.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.
| SNSR.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.70 | +1.02 |
| Martin ratioReturn relative to average drawdown | 4.35 | 1.63 | +2.72 |
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Drawdowns
SNSR.L vs. MKUW.L - Drawdown Comparison
The maximum SNSR.L drawdown since its inception was -38.29%, roughly equal to the maximum MKUW.L drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for SNSR.L and MKUW.L.
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Drawdown Indicators
| SNSR.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -37.76% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -7.47% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -28.57% | -14.16% | -14.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.13% | — |
Current DrawdownCurrent decline from peak | -13.17% | -2.89% | -10.28% |
Average DrawdownAverage peak-to-trough decline | -14.27% | -9.42% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 3.24% | +2.26% |
Volatility
SNSR.L vs. MKUW.L - Volatility Comparison
Global X Internet of Things UCITS ETF USD Acc (SNSR.L) has a higher volatility of 9.08% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 2.12%. This indicates that SNSR.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
| SNSR.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 2.12% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 20.67% | 8.09% | +12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.85% | 10.37% | +14.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 12.77% | +11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.56% | 16.50% | +8.06% |
Dividends
SNSR.L vs. MKUW.L - Dividend Comparison
Neither SNSR.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
SNSR.L and MKUW.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNSR.L tracks Global X Internet of Things UCITS ETF USD Acc, while MKUW.L tracks Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc. They also come from different issuers: Global X and Invesco.
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