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EWM vs. FLTW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWM vs. FLTW

Last updated Aug 4, 2026
Documentation

EWM (iShares MSCI Malaysia ETF) and FLTW (Franklin FTSE Taiwan ETF) are both exchange-traded funds - EWM is a Asia Pacific Equities fund tracking the MSCI Malaysia Index, while FLTW is a Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, EWM returned 6.70%/yr vs 18.74%/yr for FLTW. Their 0.46 correlation means their historical movements had little consistent relationship. EWM charges 0.49%/yr vs 0.19%/yr for FLTW.

Performance

EWM vs. FLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Malaysia ETF (EWM) and Franklin FTSE Taiwan ETF (FLTW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWM achieves a 4.87% return, which is significantly lower than FLTW's 55.54% return.

EWM

1D
0.11%
1M
4.23%
6M
-2.14%
YTD
4.87%
1Y
21.56%
3Y*
13.59%
5Y*
6.70%
10Y*
2.51%
ALL TIME*
1.91%

FLTW

1D
1.61%
1M
-6.62%
6M
42.26%
YTD
55.54%
1Y
81.51%
3Y*
38.34%
5Y*
18.74%
10Y*
—
ALL TIME*
18.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EWM

iShares MSCI Malaysia ETF
$7.74M$6.46M$7.58M

FLTW

Franklin FTSE Taiwan ETF
$56.06M$60.11M$68.33M

EWM vs. FLTW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWM
iShares MSCI Malaysia ETF		4.87%15.74%19.46%-3.61%-6.00%-7.40%3.12%-1.41%-6.28%8.16%
FLTW
Franklin FTSE Taiwan ETF		55.54%32.00%16.68%30.05%-27.51%29.46%29.77%31.23%-9.32%-1.28%

Correlation

The correlation between EWM and FLTW is 0.39, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.39

Correlation (3Y)
Balances recent behavior with more history.

0.41

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.43

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.46

EWM vs. FLTW - Sectors Allocation Comparison

Sectors
EWM
FLTW

Financial Services

51.8%
12.5%

Utilities

10.8%

-

Industrials

9.9%
3.0%

Basic Materials

8.8%
2.9%

Consumer Defensive

7.3%
0.7%

Communication Services

5.3%
1.3%

Healthcare

3.1%
0.7%

Energy

2.9%
0.1%

Consumer Cyclical

1.1%
1.6%

Real Estate

-

-

Technology

-

77.2%

Financial Services

EWM
51.8%
FLTW
12.5%

Utilities

EWM
10.8%
FLTW

-

Industrials

EWM
9.9%
FLTW
3.0%

Basic Materials

EWM
8.8%
FLTW
2.9%

Consumer Defensive

EWM
7.3%
FLTW
0.7%

Communication Services

EWM
5.3%
FLTW
1.3%

Healthcare

EWM
3.1%
FLTW
0.7%

Energy

EWM
2.9%
FLTW
0.1%

Consumer Cyclical

EWM
1.1%
FLTW
1.6%

Real Estate

EWM

-

FLTW

-

Technology

EWM

-

FLTW
77.2%

Compare stocks, funds, or ETFs

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

iShares MSCI Malaysia ETF

Franklin FTSE Taiwan ETF

Often compared with EWM:
EWM vs. EIDOEWM vs. EWYEWM vs. EWTEWM vs. EPIEWM vs. VOOEWM vs. AAXJEWM vs. SCHD
Often compared with FLTW:
FLTW vs. EWTFLTW vs. VOOFLTW vs. EMMFFLTW vs. FLGRFLTW vs. FLKRFLTW vs. SCHDFLTW vs. TWN

Return for Risk

EWM vs. FLTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EWM
EWM Risk / Return Rank: 5757
Overall Rank
EWM Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EWM Sortino Ratio Rank: 6262
Sortino Ratio Rank
EWM Omega Ratio Rank: 5858
Omega Ratio Rank
EWM Calmar Ratio Rank: 5555
Calmar Ratio Rank
EWM Martin Ratio Rank: 4646
Martin Ratio Rank
FLTW
FLTW Risk / Return Rank: 9090
Overall Rank
FLTW Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
FLTW Sortino Ratio Rank: 8787
Sortino Ratio Rank
FLTW Omega Ratio Rank: 8989
Omega Ratio Rank
FLTW Calmar Ratio Rank: 8989
Calmar Ratio Rank
FLTW Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EWM vs. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Malaysia ETF (EWM) and Franklin FTSE Taiwan ETF (FLTW). 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.

EWMFLTWDifference
Sharpe ratioReturn per unit of total volatility
1.54
2.56

-1.02

Sortino ratioReturn per unit of downside risk
2.17
2.98

-0.81

Omega ratioGain probability vs. loss probability

1.26

1.41

-0.15

Calmar ratioReturn relative to maximum drawdown

2.04

3.84

-1.80

Martin ratioReturn relative to average drawdown

5.39

15.64

-10.24

EWM vs. FLTW - Sharpe Ratio Comparison

The current EWM Sharpe Ratio is 1.54, which is lower than the FLTW Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of EWM and FLTW, 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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Drawdowns

EWM vs. FLTW - Drawdown Comparison

The maximum EWM drawdown since its inception was -89.19%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for EWM and FLTW.

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Drawdown Indicators

EWMFLTWDifference

Max Drawdown

Largest peak-to-trough decline

-89.19%

-38.00%

-51.19%

Max Drawdown (1Y)

Largest decline over 1 year

-10.61%

-21.34%

+10.73%

Max Drawdown (3Y)

Largest decline over 3 years

-21.31%

-26.45%

+5.14%

Max Drawdown (5Y)

Largest decline over 5 years

-22.76%

-38.00%

+15.24%

Max Drawdown (10Y)

Largest decline over 10 years

-43.81%

—

—

Current Drawdown

Current decline from peak

-7.32%

-13.45%

+6.13%

Average Drawdown

Average peak-to-trough decline

-31.70%

-8.43%

-23.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.01%

5.23%

-1.22%

Volatility

EWM vs. FLTW - Volatility Comparison

The current volatility for iShares MSCI Malaysia ETF (EWM) is 3.61%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 13.73%. This indicates that EWM experiences smaller price fluctuations and is considered to be less risky than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWMFLTWDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

13.73%

-10.12%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

28.64%

-17.90%

Volatility (1Y)

Calculated over the trailing 1-year period

14.14%

32.09%

-17.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.79%

24.06%

-10.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.16%

22.61%

-6.45%

EWM vs. FLTW - Expense Ratio Comparison

EWM has a 0.49% expense ratio, which is higher than FLTW's 0.19% expense ratio.

Dividends

EWM vs. FLTW - Dividend Comparison

EWM's dividend yield for the trailing twelve months is around 3.55%, more than FLTW's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
EWM
iShares MSCI Malaysia ETF		3.55%3.41%3.32%3.47%3.00%6.48%1.89%2.91%3.84%5.58%5.97%37.54%
FLTW
Franklin FTSE Taiwan ETF		1.74%2.51%1.89%2.85%3.16%2.31%2.14%3.00%1.06%0.00%0.00%0.00%

Frequently Asked Questions

EWM and FLTW have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLTW has higher volatility (13.73%) compared to EWM (3.61%). In terms of maximum drawdown, EWM dropped -89.19% vs FLTW's -38.00%.

On 5-year performance, FLTW leads with 18.74% vs 6.70% for EWM. On fees, FLTW is cheaper at 0.19% per year. On volatility, EWM has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLTW has performed better with a 18.74% return vs 6.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLTW is cheaper with a 0.19% expense ratio, compared with 0.49% for EWM.

EWM has the higher dividend yield at 3.55%, compared with 1.74% for FLTW.

EWM is categorized as Asia Pacific Equities, while FLTW is Taiwan Equities. EWM tracks MSCI Malaysia Index, while FLTW tracks FTSE Taiwan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.49% for EWM and 0.19% for FLTW.

FLTW currently has the higher Sharpe Ratio (2.56 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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