FINX.L vs. HTWD.L
FINX.L (Global X FinTech UCITS ETF USD Acc) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF) are both Technology Equities funds - FINX.L tracks the Global X FinTech UCITS ETF USD Acc while HTWD.L tracks the HSBC MSCI Taiwan Capped UCITS ETF. Both are passively managed. Over the past 3 years, FINX.L returned 2.93%/yr vs 40.11%/yr for HTWD.L. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
FINX.L vs. HTWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, FINX.L achieves a -11.90% return, which is significantly lower than HTWD.L's 57.53% return.
FINX.L
- 1D
- -0.47%
- 1M
- 4.33%
- 6M
- -11.90%
- YTD
- -11.90%
- 1Y
- -23.33%
- 3Y*
- 2.93%
- 5Y*
- —
- 10Y*
- —
HTWD.L
- 1D
- -1.68%
- 1M
- -6.47%
- 6M
- 50.40%
- YTD
- 57.53%
- 1Y
- 84.50%
- 3Y*
- 40.11%
- 5Y*
- 20.24%
- 10Y*
- 20.62%
FINX.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FINX.L Global X FinTech UCITS ETF USD Acc | -11.90% | -5.95% | 22.04% | 36.70% | -52.82% | -16.40% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 57.53% | 32.26% | 25.40% | 28.98% | -29.41% | 3.97% |
Correlation
The correlation between FINX.L and HTWD.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.53 |
The correlation between FINX.L and HTWD.L has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
FINX.L vs. HTWD.L — Risk / Return Rank
FINX.L
HTWD.L
FINX.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X FinTech UCITS ETF USD Acc (FINX.L) and HSBC MSCI Taiwan Capped UCITS ETF (HTWD.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.
| FINX.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.82 | ||
| Sortino ratioReturn per unit of downside risk | -4.66 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.49 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 7.40 | -8.03 |
| Martin ratioReturn relative to average drawdown | -1.04 | 20.03 | -21.07 |
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Drawdowns
FINX.L vs. HTWD.L - Drawdown Comparison
The maximum FINX.L drawdown since its inception was -62.08%, which is greater than HTWD.L's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for FINX.L and HTWD.L.
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Drawdown Indicators
| FINX.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.08% | -41.06% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -36.51% | -11.22% | -25.29% |
Max Drawdown (3Y)Largest decline over 3 years | -36.51% | -28.22% | -8.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.06% | — |
Current DrawdownCurrent decline from peak | -45.48% | -10.43% | -35.05% |
Average DrawdownAverage peak-to-trough decline | -44.53% | -9.65% | -34.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.04% | 4.16% | +17.88% |
Volatility
FINX.L vs. HTWD.L - Volatility Comparison
The current volatility for Global X FinTech UCITS ETF USD Acc (FINX.L) is 8.64%, while HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) has a volatility of 10.99%. This indicates that FINX.L experiences smaller price fluctuations and is considered to be less risky than HTWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FINX.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 10.99% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.04% | 23.75% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.41% | 27.32% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.30% | 23.58% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.30% | 21.64% | +9.66% |
Dividends
FINX.L vs. HTWD.L - Dividend Comparison
FINX.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINX.L Global X FinTech 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% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 1.04% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
Frequently Asked Questions
FINX.L and HTWD.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FINX.L tracks Global X FinTech UCITS ETF USD Acc, while HTWD.L tracks HSBC MSCI Taiwan Capped UCITS ETF. They also come from different issuers: Global X and HSBC.
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