XMME.L vs. MKUW.L
XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - XMME.L tracks the MSCI Total Return Net Emerging Markets Index while MKUW.L tracks the MSCI Kuwait 20/35 Index. Both are passively managed. Over the past 5 years, XMME.L returned 6.29%/yr vs 7.19%/yr for MKUW.L. At a 0.21 correlation, their price movements are largely independent. XMME.L charges 0.18%/yr vs 0.50%/yr for MKUW.L.
Performance
XMME.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, XMME.L achieves a 16.51% return, which is significantly higher than MKUW.L's 0.15% return.
XMME.L
- 1D
- -2.26%
- 1M
- -9.57%
- 6M
- 10.05%
- YTD
- 16.51%
- 1Y
- 31.34%
- 3Y*
- 19.10%
- 5Y*
- 6.29%
- 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*
- —
XMME.L vs. MKUW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 16.51% | 33.79% | 7.37% | 9.61% | -20.77% | -2.81% | 18.46% | 7.65% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.15% | 25.35% | 9.15% | -8.87% | 5.99% | 28.57% | -9.88% | 10.35% |
Correlation
The correlation between XMME.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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.21 |
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Return for Risk
XMME.L vs. MKUW.L — Risk / Return Rank
XMME.L
MKUW.L
XMME.L vs. MKUW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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.
| XMME.L | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.46 | +1.95 |
| Martin ratioReturn relative to average drawdown | 7.50 | 1.05 | +6.45 |
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Drawdowns
XMME.L vs. MKUW.L - Drawdown Comparison
The maximum XMME.L drawdown since its inception was -40.28%, 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 XMME.L and MKUW.L.
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Drawdown Indicators
| XMME.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -37.76% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -7.47% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -14.16% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -35.11% | -25.13% | -9.98% |
Current DrawdownCurrent decline from peak | -11.24% | -3.60% | -7.64% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -9.42% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 3.26% | +0.91% |
Volatility
XMME.L vs. MKUW.L - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a higher volatility of 9.01% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 1.71%. This indicates that XMME.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
| XMME.L | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.01% | 1.71% | +7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 20.05% | 8.01% | +12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 10.26% | +11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 12.76% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 16.49% | +3.65% |
XMME.L vs. MKUW.L - Expense Ratio Comparison
XMME.L has a 0.18% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
XMME.L vs. MKUW.L - Dividend Comparison
Neither XMME.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
XMME.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.
On fees, XMME.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.L is cheaper with a 0.18% expense ratio, compared with 0.50% for MKUW.L.
XMME.L tracks MSCI Total Return Net Emerging Markets Index, while MKUW.L tracks MSCI Kuwait 20/35 Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.18% for XMME.L and 0.50% for MKUW.L.
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