ESES.L vs. IDTW.L
ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both exchange-traded funds - ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens 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 5 years, ESES.L returned 6.99%/yr vs 19.38%/yr for IDTW.L. A 0.69 correlation means they provide meaningful diversification when combined. ESES.L charges 0.19%/yr vs 0.74%/yr for IDTW.L.
Performance
ESES.L vs. IDTW.L - Performance Comparison
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Different Trading Currencies
ESES.L is traded in GBp, while IDTW.L is traded in USD. To make them comparable, the IDTW.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESES.L achieves a 20.07% return, which is significantly lower than IDTW.L's 51.98% return.
ESES.L
- 1D
- -1.40%
- 1M
- -8.29%
- 6M
- 13.84%
- YTD
- 20.07%
- 1Y
- 35.10%
- 3Y*
- 18.07%
- 5Y*
- 6.99%
- 10Y*
- —
IDTW.L
- 1D
- -3.83%
- 1M
- -11.68%
- 6M
- 41.89%
- YTD
- 51.98%
- 1Y
- 72.88%
- 3Y*
- 36.25%
- 5Y*
- 19.38%
- 10Y*
- 19.60%
ESES.L vs. IDTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 20.07% | 24.05% | 7.54% | 2.94% | -11.14% | 6,848.44% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 51.98% | 22.39% | 25.77% | 22.40% | -21.17% | 8.21% |
Correlation
The correlation between ESES.L and IDTW.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.69 |
The correlation between ESES.L and IDTW.L shifts across timeframes, from 0.69 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESES.L vs. IDTW.L — Risk / Return Rank
ESES.L
IDTW.L
ESES.L vs. IDTW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.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.
| ESES.L | IDTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.61 | -1.37 |
| Martin ratioReturn relative to average drawdown | 9.91 | 17.16 | -7.25 |
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Drawdowns
ESES.L vs. IDTW.L - Drawdown Comparison
The maximum ESES.L drawdown since its inception was -23.59%, smaller than the maximum IDTW.L drawdown of -47.00%. Use the drawdown chart below to compare losses from any high point for ESES.L and IDTW.L.
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Drawdown Indicators
| ESES.L | IDTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -47.00% | +23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -15.73% | +4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -29.91% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | -30.18% | +6.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.18% | — |
Current DrawdownCurrent decline from peak | -10.05% | -15.73% | +5.68% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -9.11% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 4.23% | -0.70% |
Volatility
ESES.L vs. IDTW.L - Volatility Comparison
The current volatility for Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) is 7.19%, while iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a volatility of 11.44%. This indicates that ESES.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
| ESES.L | IDTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 11.44% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 23.56% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 27.04% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 22.51% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,195.40% | 21.79% | +3,173.61% |
ESES.L vs. IDTW.L - Expense Ratio Comparison
ESES.L has a 0.19% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.
Dividends
ESES.L vs. IDTW.L - Dividend Comparison
ESES.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened 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
ESES.L and IDTW.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESES.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESES.L is cheaper with a 0.19% expense ratio, compared with 0.74% for IDTW.L.
ESES.L is categorized as Emerging Markets Equities, while IDTW.L is Technology Equities. ESES.L tracks MSCI EM Universal Select Business Screens Index, while IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESES.L and 0.74% for IDTW.L.
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