XCTE.L vs. MKUW.L
XCTE.L (Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both exchange-traded funds - XCTE.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, 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, XCTE.L returned 8.68%/yr vs 7.89%/yr for MKUW.L. At a 0.16 correlation, their price movements are largely independent. XCTE.L charges 0.44%/yr vs 0.50%/yr for MKUW.L.
Performance
XCTE.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, XCTE.L achieves a -1.68% return, which is significantly lower than MKUW.L's 0.15% return.
XCTE.L
- 1D
- 0.31%
- 1M
- -4.26%
- 6M
- -5.89%
- YTD
- -1.68%
- 1Y
- 13.13%
- 3Y*
- 8.68%
- 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*
- —
XCTE.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XCTE.L Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C | -1.68% | 35.15% | 13.83% | -15.21% | -0.32% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.15% | 25.35% | 9.15% | -8.87% | -11.25% |
Correlation
The correlation between XCTE.L and MKUW.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022 | 0.16 |
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Return for Risk
XCTE.L vs. MKUW.L — Risk / Return Rank
XCTE.L
MKUW.L
XCTE.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.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.
| XCTE.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.07 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.46 | +0.40 |
| Martin ratioReturn relative to average drawdown | 1.72 | 1.05 | +0.67 |
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Drawdowns
XCTE.L vs. MKUW.L - Drawdown Comparison
The maximum XCTE.L drawdown since its inception was -46.14%, 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 XCTE.L and MKUW.L.
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Drawdown Indicators
| XCTE.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.14% | -37.76% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -16.75% | -7.47% | -9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -32.95% | -14.16% | -18.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.13% | — |
Current DrawdownCurrent decline from peak | -11.27% | -3.60% | -7.67% |
Average DrawdownAverage peak-to-trough decline | -21.43% | -9.42% | -12.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 3.26% | +5.15% |
Volatility
XCTE.L vs. MKUW.L - Volatility Comparison
Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.L) has a higher volatility of 7.63% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 1.71%. This indicates that XCTE.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
| XCTE.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 1.71% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 8.01% | +9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.11% | 10.26% | +13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 12.76% | +17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.54% | 16.49% | +14.05% |
XCTE.L vs. MKUW.L - Expense Ratio Comparison
XCTE.L has a 0.44% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
XCTE.L vs. MKUW.L - Dividend Comparison
Neither XCTE.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
XCTE.L and MKUW.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCTE.L is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCTE.L is cheaper with a 0.44% expense ratio, compared with 0.50% for MKUW.L.
XCTE.L is categorized as Technology Equities, while MKUW.L is Emerging Markets Equities. XCTE.L tracks MSCI World/Information Tech NR USD, while MKUW.L tracks MSCI Kuwait 20/35 Index. They also come from different issuers: DWS and Invesco. Their fees differ too: 0.44% for XCTE.L and 0.50% for MKUW.L.
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