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ASDV.L vs. ITWN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASDV.L vs. ITWN.L

Last updated Jun 4, 2026

ASDV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) and ITWN.L (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds - ASDV.L tracks the MSCI AC Asia Pacific NR USD while ITWN.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 10 years, ASDV.L returned 6.91%/yr vs 22.36%/yr for ITWN.L. A 0.61 correlation means they provide meaningful diversification when combined. ASDV.L charges 0.55%/yr vs 0.74%/yr for ITWN.L.

Performance

ASDV.L vs. ITWN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and iShares MSCI Taiwan UCITS ETF (ITWN.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ASDV.L is traded in USD, while ITWN.L is traded in GBp. To make them comparable, the ITWN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ASDV.L achieves a 3.82% return, which is significantly lower than ITWN.L's 70.31% return. Over the past 10 years, ASDV.L has underperformed ITWN.L with an annualized return of 6.91%, while ITWN.L has yielded a comparatively higher 22.36% annualized return.

ASDV.L

1D
-0.97%
1M
-0.71%
YTD
3.82%
6M
3.21%
1Y
13.10%
3Y*
13.44%
5Y*
4.22%
10Y*
6.91%

ITWN.L

1D
-0.44%
1M
19.42%
YTD
70.31%
6M
76.75%
1Y
121.85%
3Y*
44.93%
5Y*
22.06%
10Y*
22.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASDV.L vs. ITWN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ASDV.L
SPDR S&P Pan Asia Dividend Aristocrats UCITS		3.82%23.27%4.84%15.47%-15.61%2.54%0.15%20.64%-9.03%29.85%
ITWN.L
iShares MSCI Taiwan UCITS ETF		70.31%31.86%23.68%28.27%-29.51%28.66%34.79%34.70%-9.34%27.66%

Correlation

The correlation between ASDV.L and ITWN.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2013

0.61

The correlation between ASDV.L and ITWN.L shifts across timeframes, from 0.47 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

ASDV.L vs. ITWN.L - Sectors Allocation Comparison

Sectors
ASDV.L
ITWN.L

Financial Services

33.0%
10.9%

Utilities

14.9%

-

Consumer Defensive

9.2%
0.8%

Healthcare

8.7%
0.6%

Industrials

7.3%
2.4%

Consumer Cyclical

6.7%
1.2%

Technology

6.7%
80.7%

Communication Services

6.2%
1.4%

Real Estate

4.6%

-

Basic Materials

2.8%
2.0%

Energy

-

-

Financial Services

ASDV.L
33.0%
ITWN.L
10.9%

Utilities

ASDV.L
14.9%
ITWN.L

-

Consumer Defensive

ASDV.L
9.2%
ITWN.L
0.8%

Healthcare

ASDV.L
8.7%
ITWN.L
0.6%

Industrials

ASDV.L
7.3%
ITWN.L
2.4%

Consumer Cyclical

ASDV.L
6.7%
ITWN.L
1.2%

Technology

ASDV.L
6.7%
ITWN.L
80.7%

Communication Services

ASDV.L
6.2%
ITWN.L
1.4%

Real Estate

ASDV.L
4.6%
ITWN.L

-

Basic Materials

ASDV.L
2.8%
ITWN.L
2.0%

Energy

ASDV.L

-

ITWN.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Pan Asia Dividend Aristocrats UCITS

iShares MSCI Taiwan UCITS ETF

Often compared with ASDV.L:
ASDV.L vs. GGRG.LASDV.L vs. KLIPASDV.L vs. IDAP.LASDV.L vs. V3PL.DEASDV.L vs. QQQASDV.L vs. VHYD.LASDV.L vs. 5MVL.DE
Often compared with ITWN.L:
ITWN.L vs. QQQITWN.L vs. SPINXITWN.L vs. TSMITWN.L vs. VTIITWN.L vs. VWCE.DEITWN.L vs. FLXT.DEITWN.L vs. FLIN

Return for Risk

ASDV.L vs. ITWN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASDV.L
ASDV.L Risk / Return Rank: 3232
Overall Rank
ASDV.L Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
ASDV.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
ASDV.L Omega Ratio Rank: 3030
Omega Ratio Rank
ASDV.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
ASDV.L Martin Ratio Rank: 3131
Martin Ratio Rank
ITWN.L
ITWN.L Risk / Return Rank: 9797
Overall Rank
ITWN.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
ITWN.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
ITWN.L Omega Ratio Rank: 9797
Omega Ratio Rank
ITWN.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
ITWN.L Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASDV.L vs. ITWN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and iShares MSCI Taiwan UCITS ETF (ITWN.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.

ASDV.LITWN.LDifference
Sharpe ratioReturn per unit of total volatility
1.14
4.92

-3.78

Sortino ratioReturn per unit of downside risk
1.65
5.67

-4.02

Omega ratioGain probability vs. loss probability

1.20

1.75

-0.55

Calmar ratioReturn relative to maximum drawdown

1.72

10.67

-8.96

Martin ratioReturn relative to average drawdown

4.67

32.36

-27.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASDV.L vs. ITWN.L - Sharpe Ratio Comparison

The current ASDV.L Sharpe Ratio is 1.14, which is lower than the ITWN.L Sharpe Ratio of 4.92. The chart below compares the historical Sharpe Ratios of ASDV.L and ITWN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ASDV.LITWN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

4.92

-3.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.97

-0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

1.07

-0.61

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.49

-0.07

Drawdowns

ASDV.L vs. ITWN.L - Drawdown Comparison

The maximum ASDV.L drawdown since its inception was -35.08%, smaller than the maximum ITWN.L drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for ASDV.L and ITWN.L.

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Drawdown Indicators

ASDV.LITWN.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.08%

-61.21%

+26.13%

Max Drawdown (1Y)

Largest decline over 1 year

-7.59%

-11.35%

+3.76%

Max Drawdown (3Y)

Largest decline over 3 years

-14.64%

-28.01%

+13.37%

Max Drawdown (5Y)

Largest decline over 5 years

-35.08%

-41.23%

+6.15%

Max Drawdown (10Y)

Largest decline over 10 years

-35.08%

-41.23%

+6.15%

Current Drawdown

Current decline from peak

-4.33%

-0.44%

-3.89%

Average Drawdown

Average peak-to-trough decline

-8.16%

-12.72%

+4.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

3.75%

-0.95%

Volatility

ASDV.L vs. ITWN.L - Volatility Comparison

The current volatility for SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) is 3.61%, while iShares MSCI Taiwan UCITS ETF (ITWN.L) has a volatility of 10.39%. This indicates that ASDV.L experiences smaller price fluctuations and is considered to be less risky than ITWN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ASDV.LITWN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

10.39%

-6.78%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

20.11%

-11.02%

Volatility (1Y)

Calculated over the trailing 1-year period

11.40%

24.62%

-13.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.76%

22.76%

-8.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.29%

21.83%

-6.54%

ASDV.L vs. ITWN.L - Expense Ratio Comparison

ASDV.L has a 0.55% expense ratio, which is lower than ITWN.L's 0.74% expense ratio.

Dividends

ASDV.L vs. ITWN.L - Dividend Comparison

ASDV.L's dividend yield for the trailing twelve months is around 2.87%, more than ITWN.L's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
ASDV.L
SPDR S&P Pan Asia Dividend Aristocrats UCITS		2.87%2.85%3.11%2.89%3.63%2.98%2.82%2.65%2.52%1.70%2.37%3.24%
ITWN.L
iShares MSCI Taiwan UCITS ETF		0.88%1.50%1.37%2.14%3.54%1.33%1.83%2.28%2.72%2.74%2.86%3.23%

Frequently Asked Questions

ASDV.L and ITWN.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ASDV.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ASDV.L is cheaper with a 0.55% expense ratio, compared with 0.74% for ITWN.L.

ASDV.L tracks MSCI AC Asia Pacific NR USD, while ITWN.L tracks MSCI Taiwan NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for ASDV.L and 0.74% for ITWN.L.

Portfolio Optimizer

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