EWT vs. FLTW
Compare and contrast key facts about iShares MSCI Taiwan ETF (EWT) and Franklin FTSE Taiwan ETF (FLTW).
EWT and FLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000. FLTW is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Taiwan RIC Capped Index. It was launched on Nov 2, 2017. Both EWT and FLTW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWT or FLTW.
Key characteristics
| EWT | FLTW | |
|---|---|---|
| YTD Return | 4.06% | 4.21% |
| 1Y Return | 23.65% | 23.73% |
| 3Y Return (Ann) | 0.76% | 1.67% |
| 5Y Return (Ann) | 13.39% | 13.69% |
| Sharpe Ratio | 1.41 | 1.47 |
| Daily Std Dev | 16.84% | 16.43% |
| Max Drawdown | -64.26% | -38.00% |
| Current Drawdown | -6.19% | -3.58% |
Correlation
The correlation between EWT and FLTW is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWT vs. FLTW - Performance Comparison
The year-to-date returns for both investments are quite close, with EWT having a 4.06% return and FLTW slightly higher at 4.21%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWT vs. FLTW - Expense Ratio Comparison
EWT has a 0.59% expense ratio, which is higher than FLTW's 0.19% expense ratio.
Risk-Adjusted Performance
EWT vs. FLTW - Risk-Adjusted Performance 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.
Dividends
EWT vs. FLTW - Dividend Comparison
EWT's dividend yield for the trailing twelve months is around 11.54%, more than FLTW's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 11.54% | 12.01% | 18.82% | 2.64% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% | 1.93% | 1.82% |
FLTW Franklin FTSE Taiwan ETF | 2.73% | 2.85% | 3.16% | 2.31% | 2.14% | 3.00% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWT vs. FLTW - Drawdown Comparison
The maximum EWT drawdown since its inception was -64.26%, 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. For additional features, visit the drawdowns tool.
Volatility
EWT vs. FLTW - Volatility Comparison
iShares MSCI Taiwan ETF (EWT) and Franklin FTSE Taiwan ETF (FLTW) have volatilities of 5.97% and 6.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.