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FAS.L vs. EWT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAS.L vs. EWT

Last updated Jun 4, 2026

FAS.L (Fidelity Asian Values) is a stock, while EWT (iShares MSCI Taiwan ETF) is Asia Pacific Equities fund tracking the MSCI Taiwan Index. Over the past 10 years, FAS.L returned 10.94%/yr vs 20.84%/yr for EWT. At a 0.31 correlation, their price movements are largely independent.

Performance

FAS.L vs. EWT - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Asian Values (FAS.L) and iShares MSCI Taiwan ETF (EWT). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FAS.L is traded in GBp, while EWT is traded in USD. To make them comparable, the EWT values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FAS.L achieves a -0.67% return, which is significantly lower than EWT's 68.89% return. Over the past 10 years, FAS.L has underperformed EWT with an annualized return of 10.94%, while EWT has yielded a comparatively higher 20.84% annualized return.

FAS.L

1D
-0.67%
1M
-5.43%
YTD
-0.67%
6M
-1.66%
1Y
20.47%
3Y*
7.96%
5Y*
7.26%
10Y*
10.94%

EWT

1D
0.07%
1M
19.20%
YTD
68.89%
6M
71.51%
1Y
111.84%
3Y*
34.92%
5Y*
19.60%
10Y*
20.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAS.L vs. EWT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FAS.L
Fidelity Asian Values		-0.67%22.24%0.90%7.17%10.44%13.50%3.91%2.21%5.92%14.46%
EWT
iShares MSCI Taiwan ETF		68.89%19.23%18.14%17.77%-20.44%27.38%27.64%28.29%-4.56%15.85%

Correlation

The correlation between FAS.L and EWT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.26

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

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Jul 2, 2007

0.31

Compare stocks, funds, or ETFs

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

Fidelity Asian Values

iShares MSCI Taiwan ETF

Often compared with FAS.L:
FAS.L vs. VOOFAS.L vs. FCIT.LFAS.L vs. ATR.LFAS.L vs. ORIT.LFAS.L vs. BRSC.LFAS.L vs. ASL.LFAS.L vs. FEV.L
Often compared with EWT:
EWT vs. EWYEWT vs. FLTWEWT vs. VTEWT vs. QQQEWT vs. EWHEWT vs. EWSEWT vs. EWX

Return for Risk

FAS.L vs. EWT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAS.L
FAS.L Risk / Return Rank: 7474
Overall Rank
FAS.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
FAS.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
FAS.L Omega Ratio Rank: 7373
Omega Ratio Rank
FAS.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
FAS.L Martin Ratio Rank: 7474
Martin Ratio Rank
EWT
EWT Risk / Return Rank: 9595
Overall Rank
EWT Sharpe Ratio Rank: 9696
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: 9595
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.

FAS.L vs. EWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asian Values (FAS.L) and iShares MSCI Taiwan ETF (EWT). 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.

FAS.LEWTDifference
Sharpe ratioReturn per unit of total volatility
1.30
4.88

-3.58

Sortino ratioReturn per unit of downside risk
1.81
5.48

-3.67

Omega ratioGain probability vs. loss probability

1.25

1.81

-0.57

Calmar ratioReturn relative to maximum drawdown

1.71

12.79

-11.07

Martin ratioReturn relative to average drawdown

4.62

36.91

-32.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAS.L vs. EWT - Sharpe Ratio Comparison

The current FAS.L Sharpe Ratio is 1.30, which is lower than the EWT Sharpe Ratio of 4.88. The chart below compares the historical Sharpe Ratios of FAS.L and EWT, 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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Sharpe Ratios by Period

FAS.LEWTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.30

4.88

-3.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.96

-0.52

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

1.02

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.54

-0.27

Drawdowns

FAS.L vs. EWT - Drawdown Comparison

The maximum FAS.L drawdown since its inception was -72.25%, which is greater than EWT's maximum drawdown of -49.31%. Use the drawdown chart below to compare losses from any high point for FAS.L and EWT.

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Drawdown Indicators

FAS.LEWTDifference

Max Drawdown

Largest peak-to-trough decline

-72.25%

-49.31%

-22.94%

Max Drawdown (1Y)

Largest decline over 1 year

-11.90%

-8.80%

-3.10%

Max Drawdown (3Y)

Largest decline over 3 years

-13.80%

-26.08%

+12.28%

Max Drawdown (5Y)

Largest decline over 5 years

-18.44%

-28.99%

+10.55%

Max Drawdown (10Y)

Largest decline over 10 years

-45.04%

-28.99%

-16.05%

Current Drawdown

Current decline from peak

-11.90%

0.00%

-11.90%

Average Drawdown

Average peak-to-trough decline

-17.72%

-9.17%

-8.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.42%

3.04%

+1.38%

Volatility

FAS.L vs. EWT - Volatility Comparison

The current volatility for Fidelity Asian Values (FAS.L) is 6.18%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 9.64%. This indicates that FAS.L experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FAS.LEWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.18%

9.64%

-3.46%

Volatility (6M)

Calculated over the trailing 6-month period

13.31%

18.49%

-5.18%

Volatility (1Y)

Calculated over the trailing 1-year period

15.71%

23.05%

-7.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.36%

20.51%

-4.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.35%

20.59%

-2.24%

Dividends

FAS.L vs. EWT - Dividend Comparison

FAS.L's dividend yield for the trailing twelve months is around 3.46%, more than EWT's 2.63% yield.

PositionTTM20252024202320222021202020192018201720162015
EWT
iShares MSCI Taiwan ETF		2.63%4.43%3.32%8.12%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%
FAS.L
Fidelity Asian Values		3.46%3.44%2.88%2.82%2.83%1.90%2.05%2.15%1.34%1.28%1.30%0.81%

Frequently Asked Questions

FAS.L and EWT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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