CP9G.L vs. ITWN.L

Last updated Jun 26, 2026

CP9G.L (Amundi MSCI Pacific ex Japan UCITS DR) and ITWN.L (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds - CP9G.L tracks the MSCI Pacific Ex Japan NR USD while ITWN.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 5 years, CP9G.L returned 2.31%/yr vs 22.74%/yr for ITWN.L. A 0.56 correlation means they provide meaningful diversification when combined. CP9G.L charges 0.35%/yr vs 0.74%/yr for ITWN.L.

Performance

CP9G.L vs. ITWN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Pacific ex Japan UCITS DR (CP9G.L) and iShares MSCI Taiwan UCITS ETF (ITWN.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CP9G.L achieves a 4.37% return, which is significantly lower than ITWN.L's 69.14% return.

CP9G.L

• 1D: -0.13%
• 1M: 1.56%
• YTD: 4.37%
• 6M: 3.90%
• 1Y: 6.30%
• 3Y*: 5.08%
• 5Y*: 2.31%
• 10Y*: —

ITWN.L

• 1D: -0.05%
• 1M: 4.02%
• YTD: 69.14%
• 6M: 73.32%
• 1Y: 105.82%
• 3Y*: 41.40%
• 5Y*: 22.74%
• 10Y*: 22.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CP9G.L vs. ITWN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CP9G.L Amundi MSCI Pacific ex Japan UCITS DR	4.37%	6.02%	0.85%	-0.56%	-1.42%	6.76%	0.48%	13.35%	-28.42%
ITWN.L iShares MSCI Taiwan UCITS ETF	69.14%	22.61%	25.77%	21.84%	-21.08%	29.84%	30.38%	29.88%	-1.52%

Correlation

The correlation between CP9G.L and ITWN.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018	0.56

The correlation between CP9G.L and ITWN.L shifts across timeframes, from 0.41 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

CP9G.L vs. ITWN.L - Sectors Allocation Comparison

Sectors	CP9G.L	ITWN.L
Financial Services	45.9%	10.4%
Real Estate	16.3%	-
Basic Materials	10.5%	1.8%
Industrials	8.8%	1.8%
Healthcare	5.2%	0.5%
Consumer Cyclical	4.6%	0.9%
Communication Services	3.3%	1.3%
Consumer Defensive	3.2%	0.7%
Technology	1.7%	82.6%
Utilities	0.8%	-
Energy	-	-

Return for Risk

CP9G.L vs. ITWN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CP9G.L

CP9G.L Risk / Return Rank: 17
CP9G.L Sharpe Ratio Rank: 17
CP9G.L Sortino Ratio Rank: 16
CP9G.L Omega Ratio Rank: 16
CP9G.L Calmar Ratio Rank: 19
CP9G.L Martin Ratio Rank: 19

ITWN.L

ITWN.L Risk / Return Rank: 97
ITWN.L Sharpe Ratio Rank: 97
ITWN.L Sortino Ratio Rank: 96
ITWN.L Omega Ratio Rank: 96
ITWN.L Calmar Ratio Rank: 98
ITWN.L Martin Ratio Rank: 96

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.

CP9G.L vs. ITWN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Pacific ex Japan UCITS DR (CP9G.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.

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.

	CP9G.L	ITWN.L	Difference
Sharpe ratio: Return per unit of total volatility	0.53	4.31	-3.78
Sortino ratio: Return per unit of downside risk	0.84	4.99	-4.15
Omega ratio: Gain probability vs. loss probability	1.10	1.69	-0.59
Calmar ratio: Return relative to maximum drawdown	0.76	11.24	-10.48
Martin ratio: Return relative to average drawdown	1.98	29.80	-27.82

CP9G.L vs. ITWN.L - Sharpe Ratio Comparison

The current CP9G.L Sharpe Ratio is 0.53, which is lower than the ITWN.L Sharpe Ratio of 4.31. The chart below compares the historical Sharpe Ratios of CP9G.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.

Drawdowns

CP9G.L vs. ITWN.L - Drawdown Comparison

The maximum CP9G.L drawdown since its inception was -42.54%, smaller than the maximum ITWN.L drawdown of -72.46%. Use the drawdown chart below to compare losses from any high point for CP9G.L and ITWN.L.

Drawdown Indicators

	CP9G.L	ITWN.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.54%	-72.46%	+29.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.23%	-9.36%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-29.32%	+13.52%
Max Drawdown (5Y) Largest decline over 5 years	-17.98%	-30.07%	+12.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.07%	—
Current Drawdown Current decline from peak	-7.96%	-6.00%	-1.96%
Average Drawdown Average peak-to-trough decline	-18.37%	-21.95%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.54%	-0.37%

Volatility

CP9G.L vs. ITWN.L - Volatility Comparison

The current volatility for Amundi MSCI Pacific ex Japan UCITS DR (CP9G.L) is 3.87%, while iShares MSCI Taiwan UCITS ETF (ITWN.L) has a volatility of 10.48%. This indicates that CP9G.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.

Volatility by Period

	CP9G.L	ITWN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	10.48%	-6.61%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	20.41%	-10.97%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	24.41%	-12.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	21.14%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	20.45%	-2.56%

CP9G.L vs. ITWN.L - Expense Ratio Comparison

CP9G.L has a 0.35% expense ratio, which is lower than ITWN.L's 0.74% expense ratio.

Dividends

CP9G.L vs. ITWN.L - Dividend Comparison

CP9G.L has not paid dividends to shareholders, while ITWN.L's dividend yield for the trailing twelve months is around 0.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CP9G.L Amundi MSCI Pacific ex Japan UCITS DR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITWN.L iShares MSCI Taiwan UCITS ETF	0.89%	1.50%	1.37%	2.14%	3.54%	1.33%	1.83%	2.30%	2.72%	2.74%	2.86%	3.21%

Frequently Asked Questions

Can I hold both CP9G.L and ITWN.L in my portfolio?

CP9G.L and ITWN.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CP9G.L or ITWN.L?

On fees, CP9G.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CP9G.L or ITWN.L?

CP9G.L is cheaper with a 0.35% expense ratio, compared with 0.74% for ITWN.L.

What is the main difference between CP9G.L and ITWN.L?

CP9G.L tracks MSCI Pacific Ex Japan NR USD, while ITWN.L tracks MSCI Taiwan NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for CP9G.L and 0.74% for ITWN.L.