EMAD.L vs. IDTW.L
EMAD.L (State Street SPDR MSCI EM Asia UCITS ETF USD (Acc)) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both exchange-traded funds - EMAD.L is a Asia Pacific Equities fund tracking the MSCI EM (Emerging Markets) Asia Index, while IDTW.L is a Technology Equities fund tracking the MSCI Taiwan 20/35 Index (Net) (USD). Both are passively managed. Over the past 10 years, EMAD.L returned 9.49%/yr vs 19.92%/yr for IDTW.L. A 0.74 correlation means they provide meaningful diversification when combined. EMAD.L charges 0.55%/yr vs 0.74%/yr for IDTW.L.
Performance
EMAD.L vs. IDTW.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMAD.L achieves a 18.88% return, which is significantly lower than IDTW.L's 51.77% return. Over the past 10 years, EMAD.L has underperformed IDTW.L with an annualized return of 9.49%, while IDTW.L has yielded a comparatively higher 19.92% annualized return.
EMAD.L
- 1D
- -2.28%
- 1M
- -11.14%
- 6M
- 11.94%
- YTD
- 18.88%
- 1Y
- 31.93%
- 3Y*
- 20.12%
- 5Y*
- 6.07%
- 10Y*
- 9.49%
IDTW.L
- 1D
- -3.99%
- 1M
- -10.58%
- 6M
- 42.72%
- YTD
- 51.77%
- 1Y
- 73.35%
- 3Y*
- 37.69%
- 5Y*
- 18.84%
- 10Y*
- 19.92%
EMAD.L vs. IDTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMAD.L State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) | 18.88% | 32.13% | 11.12% | 6.54% | -21.75% | -6.15% | 28.24% | 16.78% | -14.40% | 42.49% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 51.77% | 31.78% | 23.61% | 28.84% | -29.55% | 28.51% | 34.35% | 34.44% | -9.12% | 28.06% |
Correlation
The correlation between EMAD.L and IDTW.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.74 |
The correlation between EMAD.L and IDTW.L shifts across timeframes, from 0.74 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMAD.L vs. IDTW.L — Risk / Return Rank
EMAD.L
IDTW.L
EMAD.L vs. IDTW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) and iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.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.
| EMAD.L | IDTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 5.05 | -2.68 |
| Martin ratioReturn relative to average drawdown | 6.96 | 16.48 | -9.52 |
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Drawdowns
EMAD.L vs. IDTW.L - Drawdown Comparison
The maximum EMAD.L drawdown since its inception was -46.17%, smaller than the maximum IDTW.L drawdown of -60.07%. Use the drawdown chart below to compare losses from any high point for EMAD.L and IDTW.L.
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Drawdown Indicators
| EMAD.L | IDTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -60.07% | +13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -14.46% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -28.24% | +8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -38.79% | -40.98% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -46.17% | -40.98% | -5.19% |
Current DrawdownCurrent decline from peak | -13.45% | -14.46% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -12.59% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 4.44% | +0.14% |
Volatility
EMAD.L vs. IDTW.L - Volatility Comparison
The current volatility for State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) is 9.76%, while iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a volatility of 12.06%. This indicates that EMAD.L experiences smaller price fluctuations and is considered to be less risky than IDTW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMAD.L | IDTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 12.06% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 24.76% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 28.27% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 23.97% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.16% | 22.41% | -2.25% |
EMAD.L vs. IDTW.L - Expense Ratio Comparison
EMAD.L has a 0.55% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.
Dividends
EMAD.L vs. IDTW.L - Dividend Comparison
EMAD.L has not paid dividends to shareholders, while IDTW.L's dividend yield for the trailing twelve months is around 0.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMAD.L State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.99% | 1.51% | 1.43% | 2.09% | 3.39% | 1.35% | 1.73% | 2.15% | 2.78% | 2.70% | 3.10% | 3.33% |
Frequently Asked Questions
EMAD.L and IDTW.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMAD.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMAD.L is cheaper with a 0.55% expense ratio, compared with 0.74% for IDTW.L.
EMAD.L is categorized as Asia Pacific Equities, while IDTW.L is Technology Equities. EMAD.L tracks MSCI EM (Emerging Markets) Asia Index, while IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD). They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for EMAD.L and 0.74% for IDTW.L.
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