PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EWT vs. FLTW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWT vs. FLTW

Last updated Jun 23, 2026

EWT (iShares MSCI Taiwan ETF) and FLTW (Franklin FTSE Taiwan ETF) are both Asia Pacific Equities funds - EWT tracks the MSCI Taiwan 25/50 Index while FLTW tracks the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, EWT returned 19.78%/yr vs 23.20%/yr for FLTW. Their correlation of 0.93 suggests significant overlap in exposure. EWT charges 0.59%/yr vs 0.19%/yr for FLTW.

Performance

EWT vs. FLTW - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, EWT achieves a 75.55% return, which is significantly lower than FLTW's 79.72% return.

EWT

1D
1.40%
1M
15.17%
YTD
75.55%
6M
79.95%
1Y
112.72%
3Y*
40.33%
5Y*
19.78%
10Y*
20.65%

FLTW

1D
1.68%
1M
15.81%
YTD
79.72%
6M
83.89%
1Y
124.51%
3Y*
44.92%
5Y*
23.20%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWT vs. FLTW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWT
iShares MSCI Taiwan ETF		75.55%28.38%16.11%23.97%-28.90%26.18%31.50%33.36%-9.90%-1.76%
FLTW
Franklin FTSE Taiwan ETF		79.72%32.00%16.68%30.05%-27.51%29.46%29.77%31.23%-9.32%-1.28%

Correlation

The correlation between EWT and FLTW is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

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

0.93

The correlation between EWT and FLTW has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.

EWT vs. FLTW - Sectors Allocation Comparison

Sectors
EWT
FLTW

Technology

76.9%
78.7%

Financial Services

12.0%
11.2%

Industrials

3.1%
3.3%

Basic Materials

2.9%
2.5%

Communication Services

1.7%
1.4%

Consumer Cyclical

1.6%
1.5%

Consumer Defensive

1.0%
0.7%

Healthcare

1.0%
0.6%

Energy

-

0.1%

Real Estate

-

-

Utilities

-

-

Technology

EWT
76.9%
FLTW
78.7%

Financial Services

EWT
12.0%
FLTW
11.2%

Industrials

EWT
3.1%
FLTW
3.3%

Basic Materials

EWT
2.9%
FLTW
2.5%

Communication Services

EWT
1.7%
FLTW
1.4%

Consumer Cyclical

EWT
1.6%
FLTW
1.5%

Consumer Defensive

EWT
1.0%
FLTW
0.7%

Healthcare

EWT
1.0%
FLTW
0.6%

Energy

EWT

-

FLTW
0.1%

Real Estate

EWT

-

FLTW

-

Utilities

EWT

-

FLTW

-

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 Taiwan ETF

Franklin FTSE Taiwan ETF

Often compared with EWT:
EWT vs. EWYEWT vs. VTEWT vs. QQQEWT vs. EWHEWT vs. EWSEWT vs. EWXEWT vs. VTI
Often compared with FLTW:
FLTW vs. VOOFLTW vs. FLGRFLTW vs. EMMFFLTW vs. SCHDFLTW vs. VXUSFLTW vs. TWNFLTW vs. FLKR

Return for Risk

EWT vs. FLTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWT
EWT Risk / Return Rank: 9696
Overall Rank
EWT Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 9494
Sortino Ratio Rank
EWT Omega Ratio Rank: 9494
Omega Ratio Rank
EWT Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWT Martin Ratio Rank: 9696
Martin Ratio Rank
FLTW
FLTW Risk / Return Rank: 9696
Overall Rank
FLTW Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FLTW Sortino Ratio Rank: 9494
Sortino Ratio Rank
FLTW Omega Ratio Rank: 9595
Omega Ratio Rank
FLTW Calmar Ratio Rank: 9898
Calmar Ratio Rank
FLTW Martin Ratio Rank: 9696
Martin Ratio Rank
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.

EWT vs. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan ETF (EWT) 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.

EWTFLTWDifference
Sharpe ratioReturn per unit of total volatility
4.17
4.41

-0.24

Sortino ratioReturn per unit of downside risk
4.59
4.66

-0.07

Omega ratioGain probability vs. loss probability

1.66

1.68

-0.02

Calmar ratioReturn relative to maximum drawdown

10.78

11.52

-0.73

Martin ratioReturn relative to average drawdown

31.81

34.60

-2.80

EWT vs. FLTW - Sharpe Ratio Comparison

The current EWT Sharpe Ratio is 4.17, which is comparable to the FLTW Sharpe Ratio of 4.41. The chart below compares the historical Sharpe Ratios of EWT 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.

Loading charts...

Drawdowns

EWT vs. FLTW - Drawdown Comparison

The maximum EWT drawdown since its inception was -64.37%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for EWT and FLTW.

Loading charts...

Drawdown Indicators

EWTFLTWDifference

Max Drawdown

Largest peak-to-trough decline

-64.37%

-38.00%

-26.37%

Max Drawdown (1Y)

Largest decline over 1 year

-10.51%

-10.87%

+0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-25.66%

-26.45%

+0.79%

Max Drawdown (5Y)

Largest decline over 5 years

-38.88%

-38.00%

-0.88%

Max Drawdown (10Y)

Largest decline over 10 years

-38.88%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-19.20%

-8.41%

-10.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.56%

3.61%

-0.05%

Volatility

EWT vs. FLTW - Volatility Comparison

The current volatility for iShares MSCI Taiwan ETF (EWT) is 13.45%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 14.69%. This indicates that EWT 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.

Loading charts...

Volatility by Period

EWTFLTWDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.45%

14.69%

-1.24%

Volatility (6M)

Calculated over the trailing 6-month period

23.07%

24.19%

-1.12%

Volatility (1Y)

Calculated over the trailing 1-year period

27.26%

28.45%

-1.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.14%

23.07%

+0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.86%

22.11%

-0.25%

EWT vs. FLTW - Expense Ratio Comparison

EWT has a 0.59% expense ratio, which is higher than FLTW's 0.19% expense ratio.

Dividends

EWT vs. FLTW - Dividend Comparison

EWT's dividend yield for the trailing twelve months is around 2.53%, more than FLTW's 1.33% yield.

PositionTTM20252024202320222021202020192018201720162015
EWT
iShares MSCI Taiwan ETF		2.53%4.43%3.32%8.12%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%
FLTW
Franklin FTSE Taiwan ETF		1.33%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

With a correlation of 0.98, EWT and FLTW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FLTW has higher volatility (14.69%) compared to EWT (13.45%). In terms of maximum drawdown, EWT dropped -64.37% vs FLTW's -38.00%.

On 5-year performance, FLTW leads with 23.20% vs 19.78% for EWT. On fees, FLTW is cheaper at 0.19% per year. On volatility, EWT has been the lower-risk option at 13.45%. 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 23.20% return vs 19.78%. 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 0.59% for EWT.

EWT has the higher dividend yield at 2.53%, compared with 1.33% for FLTW.

EWT tracks MSCI Taiwan 25/50 Index, while FLTW tracks FTSE Taiwan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.59% for EWT and 0.19% for FLTW.

FLTW currently has the higher Sharpe Ratio (4.41 vs 4.17), 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

Find the right allocation for EWT and FLTW

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer