WDTE.L vs. MKUW.L
WDTE.L (Invesco S&P World Information Technology ESG UCITS ETF Acc) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both exchange-traded funds - WDTE.L is a Technology Equities fund tracking the S&P World ESG Enhanced Information Technology Index, while MKUW.L is a Emerging Markets Equities fund tracking the MSCI Kuwait 20/35 Index. Both are passively managed. Over the past 3 years, WDTE.L returned 23.22%/yr vs 7.89%/yr for MKUW.L. At a 0.22 correlation, their price movements are largely independent. WDTE.L charges 0.18%/yr vs 0.50%/yr for MKUW.L.
Performance
WDTE.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, WDTE.L achieves a 8.48% return, which is significantly higher than MKUW.L's 0.15% return.
WDTE.L
- 1D
- 0.00%
- 1M
- -4.11%
- 6M
- 9.36%
- YTD
- 8.48%
- 1Y
- 18.33%
- 3Y*
- 23.22%
- 5Y*
- —
- 10Y*
- —
MKUW.L
- 1D
- -0.06%
- 1M
- -2.04%
- 6M
- 1.18%
- YTD
- 0.15%
- 1Y
- 3.43%
- 3Y*
- 7.89%
- 5Y*
- 7.19%
- 10Y*
- —
WDTE.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDTE.L Invesco S&P World Information Technology ESG UCITS ETF Acc | 8.48% | 18.89% | 34.72% | 34.92% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.15% | 25.35% | 9.15% | -2.12% |
Correlation
The correlation between WDTE.L and MKUW.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.22 |
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Return for Risk
WDTE.L vs. MKUW.L — Risk / Return Rank
WDTE.L
MKUW.L
WDTE.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.L) and 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.
| WDTE.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.46 | +0.61 |
| Martin ratioReturn relative to average drawdown | 2.84 | 1.05 | +1.79 |
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Drawdowns
WDTE.L vs. MKUW.L - Drawdown Comparison
The maximum WDTE.L drawdown since its inception was -25.54%, smaller than the maximum MKUW.L drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for WDTE.L and MKUW.L.
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Drawdown Indicators
| WDTE.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -37.76% | +12.22% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -7.47% | -9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -14.16% | -11.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.13% | — |
Current DrawdownCurrent decline from peak | -10.79% | -3.60% | -7.19% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -9.42% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 3.26% | +3.17% |
Volatility
WDTE.L vs. MKUW.L - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.L) has a higher volatility of 7.59% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 1.71%. This indicates that WDTE.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
| WDTE.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 1.71% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 8.01% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 10.26% | +11.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.08% | 12.76% | +9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.08% | 16.49% | +5.59% |
WDTE.L vs. MKUW.L - Expense Ratio Comparison
WDTE.L has a 0.18% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
WDTE.L vs. MKUW.L - Dividend Comparison
Neither WDTE.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
WDTE.L and MKUW.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.L is cheaper with a 0.18% expense ratio, compared with 0.50% for MKUW.L.
WDTE.L is categorized as Technology Equities, while MKUW.L is Emerging Markets Equities. WDTE.L tracks S&P World ESG Enhanced Information Technology Index, while MKUW.L tracks MSCI Kuwait 20/35 Index. Their fees differ too: 0.18% for WDTE.L and 0.50% for MKUW.L.
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