EMMV.L vs. IDTW.L

Last updated Jul 21, 2026

EMMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc)) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both exchange-traded funds - EMMV.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index (Net), 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, EMMV.L returned 5.62%/yr vs 19.92%/yr for IDTW.L. A 0.77 correlation means they provide meaningful diversification when combined. EMMV.L charges 0.40%/yr vs 0.74%/yr for IDTW.L.

Performance

EMMV.L vs. IDTW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) and iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMMV.L achieves a 12.47% return, which is significantly lower than IDTW.L's 51.96% return. Over the past 10 years, EMMV.L has underperformed IDTW.L with an annualized return of 5.62%, while IDTW.L has yielded a comparatively higher 19.92% annualized return.

EMMV.L

• 1D: 0.25%
• 1M: -6.70%
• 6M: 8.62%
• YTD: 12.47%
• 1Y: 16.51%
• 3Y*: 11.83%
• 5Y*: 5.22%
• 10Y*: 5.62%
• ALL TIME*: 4.06%

IDTW.L

• 1D: 0.13%
• 1M: -11.51%
• 6M: 42.30%
• YTD: 51.96%
• 1Y: 74.29%
• 3Y*: 39.09%
• 5Y*: 19.32%
• 10Y*: 19.92%
• ALL TIME*: 12.04%

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

EMMV.L vs. IDTW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc)	12.47%	12.62%	8.30%	8.03%	-14.19%	4.40%	7.89%	6.68%	-5.45%	26.38%
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist)	51.96%	31.78%	23.61%	28.84%	-29.55%	28.51%	34.35%	34.44%	-9.12%	28.06%

Correlation

The correlation between EMMV.L and IDTW.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.77

The correlation between EMMV.L and IDTW.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

EMMV.L vs. IDTW.L - Sectors Allocation Comparison

Sectors	EMMV.L	IDTW.L
Technology	37.3%	80.4%
Financial Services	18.2%	11.9%
Communication Services	10.1%	1.3%
Consumer Cyclical	6.7%	1.1%
Industrials	5.8%	1.6%
Healthcare	5.5%	0.7%
Consumer Defensive	5.5%	0.7%
Utilities	4.2%	-
Energy	3.5%	-
Basic Materials	2.6%	2.3%
Real Estate	0.6%	-

Return for Risk

EMMV.L vs. IDTW.L — Risk / Return Rank

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

EMMV.L

EMMV.L Risk / Return Rank: 43
EMMV.L Sharpe Ratio Rank: 41
EMMV.L Sortino Ratio Rank: 40
EMMV.L Omega Ratio Rank: 43
EMMV.L Calmar Ratio Rank: 44
EMMV.L Martin Ratio Rank: 45

IDTW.L

IDTW.L Risk / Return Rank: 92
IDTW.L Sharpe Ratio Rank: 93
IDTW.L Sortino Ratio Rank: 89
IDTW.L Omega Ratio Rank: 90
IDTW.L Calmar Ratio Rank: 94
IDTW.L Martin Ratio Rank: 92

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.

EMMV.L vs. IDTW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.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.

	EMMV.L	IDTW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.09	2.62	-1.52
Sortino ratio: Return per unit of downside risk	1.59	3.21	-1.62
Omega ratio: Gain probability vs. loss probability	1.21	1.43	-0.22
Calmar ratio: Return relative to maximum drawdown	1.69	5.11	-3.42
Martin ratio: Return relative to average drawdown	5.34	16.36	-11.02

EMMV.L vs. IDTW.L - Sharpe Ratio Comparison

The current EMMV.L Sharpe Ratio is 1.09, which is lower than the IDTW.L Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of EMMV.L and IDTW.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

EMMV.L vs. IDTW.L - Drawdown Comparison

The maximum EMMV.L drawdown since its inception was -32.15%, smaller than the maximum IDTW.L drawdown of -60.07%. Use the drawdown chart below to compare losses from any high point for EMMV.L and IDTW.L.

Drawdown Indicators

	EMMV.L	IDTW.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.15%	-60.07%	+27.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-14.46%	+4.75%
Max Drawdown (3Y) Largest decline over 3 years	-12.41%	-28.24%	+15.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.34%	-40.98%	+18.64%
Max Drawdown (10Y) Largest decline over 10 years	-32.15%	-40.98%	+8.83%
Current Drawdown Current decline from peak	-7.71%	-14.35%	+6.64%
Average Drawdown Average peak-to-trough decline	-8.54%	-12.59%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	4.52%	-1.43%

Volatility

EMMV.L vs. IDTW.L - Volatility Comparison

The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) is 6.25%, while iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a volatility of 12.08%. This indicates that EMMV.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.

Volatility by Period

	EMMV.L	IDTW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	12.08%	-5.83%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	24.76%	-11.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	28.28%	-13.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	23.96%	-10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	22.42%	-8.35%

EMMV.L vs. IDTW.L - Expense Ratio Comparison

EMMV.L has a 0.40% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.

Dividends

EMMV.L vs. IDTW.L - Dividend Comparison

EMMV.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
EMMV.L iShares Edge MSCI EM Minimum Volatility 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

Can I hold both EMMV.L and IDTW.L in my portfolio?

EMMV.L and IDTW.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMMV.L or IDTW.L?

On fees, EMMV.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMMV.L or IDTW.L?

EMMV.L is cheaper with a 0.40% expense ratio, compared with 0.74% for IDTW.L.

What is the main difference between EMMV.L and IDTW.L?

EMMV.L is categorized as Emerging Markets Equities, while IDTW.L is Technology Equities. EMMV.L tracks MSCI Emerging Markets Minimum Volatility Index (Net), while IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD). Their fees differ too: 0.40% for EMMV.L and 0.74% for IDTW.L.