SUK2.L vs. MKUW.L
SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF) and MKUW.L (Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc) are both Technology Equities funds - SUK2.L tracks the L&G FTSE 100 Super Short Strategy (Daily 2x) 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, SUK2.L returned -17.40%/yr vs 7.49%/yr for MKUW.L. At a correlation of -0.09, they often move in opposite directions. SUK2.L charges 0.60%/yr vs 0.50%/yr for MKUW.L.
Performance
SUK2.L vs. MKUW.L - Performance Comparison
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Different Trading Currencies
SUK2.L is traded in GBp, while MKUW.L is traded in USD. To make them comparable, the MKUW.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUK2.L achieves a -11.17% return, which is significantly lower than MKUW.L's -0.60% return.
SUK2.L
- 1D
- 0.40%
- 1M
- -0.81%
- 6M
- -7.00%
- YTD
- -11.17%
- 1Y
- -26.96%
- 3Y*
- -19.46%
- 5Y*
- -17.40%
- 10Y*
- -16.92%
MKUW.L
- 1D
- 0.00%
- 1M
- -3.73%
- 6M
- -0.15%
- YTD
- -0.60%
- 1Y
- 1.89%
- 3Y*
- 6.64%
- 5Y*
- 7.49%
- 10Y*
- —
SUK2.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF | -11.17% | -32.13% | -6.81% | -6.41% | -13.97% | -32.73% | -1.17% | -7.40% |
MKUW.L Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc | -0.60% | 16.42% | 11.06% | -13.43% | 18.60% | 29.79% | -12.53% | 6.74% |
Correlation
The correlation between SUK2.L and MKUW.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | -0.09 |
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Return for Risk
SUK2.L vs. MKUW.L — Risk / Return Rank
SUK2.L
MKUW.L
SUK2.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.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.
| SUK2.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.06 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.37 | -1.24 |
| Martin ratioReturn relative to average drawdown | -1.37 | 0.98 | -2.36 |
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Drawdowns
SUK2.L vs. MKUW.L - Drawdown Comparison
The maximum SUK2.L drawdown since its inception was -98.38%, which is greater than MKUW.L's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SUK2.L and MKUW.L.
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Drawdown Indicators
| SUK2.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.38% | -33.94% | -64.44% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -8.77% | -22.35% |
Max Drawdown (3Y)Largest decline over 3 years | -52.62% | -9.57% | -43.05% |
Max Drawdown (5Y)Largest decline over 5 years | -65.37% | -25.75% | -39.62% |
Max Drawdown (10Y)Largest decline over 10 years | -86.18% | — | — |
Current DrawdownCurrent decline from peak | -98.28% | -4.11% | -94.17% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -10.63% | -74.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 3.35% | +15.76% |
Volatility
SUK2.L vs. MKUW.L - Volatility Comparison
L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.L) has a higher volatility of 5.99% compared to Invesco Markets PLC - Invesco MSCI Kuwait UCITS ETF USD Acc (MKUW.L) at 2.17%. This indicates that SUK2.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
| SUK2.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 2.17% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 9.17% | +10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 11.76% | +10.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 14.38% | +11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 17.70% | +12.28% |
SUK2.L vs. MKUW.L - Expense Ratio Comparison
SUK2.L has a 0.60% expense ratio, which is higher than MKUW.L's 0.50% expense ratio.
Dividends
SUK2.L vs. MKUW.L - Dividend Comparison
Neither SUK2.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
SUK2.L and MKUW.L have a correlation of -0.04, 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 0.60% for SUK2.L.
SUK2.L tracks L&G FTSE 100 Super Short Strategy (Daily 2x) 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: 0.60% for SUK2.L and 0.50% for MKUW.L.
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