FLTW vs. DVYA

Last updated Jun 23, 2026

FLTW (Franklin FTSE Taiwan ETF) and DVYA (iShares Asia/Pacific Dividend ETF) are both Asia Pacific Equities funds - FLTW tracks the FTSE Taiwan RIC Capped Index while DVYA tracks the Dow Jones Asia/Pacific Select Dividend 30 Index. Both are passively managed. Over the past 5 years, FLTW returned 23.20%/yr vs 10.06%/yr for DVYA. A 0.58 correlation means they provide meaningful diversification when combined. FLTW charges 0.19%/yr vs 0.49%/yr for DVYA.

Performance

FLTW vs. DVYA - Performance Comparison

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

Returns By Period

In the year-to-date period, FLTW achieves a 79.72% return, which is significantly higher than DVYA's 10.85% return.

FLTW

• 1D: 1.68%
• 1M: 15.81%
• YTD: 79.72%
• 6M: 83.89%
• 1Y: 124.51%
• 3Y*: 44.92%
• 5Y*: 23.20%
• 10Y*: —

DVYA

• 1D: -0.56%
• 1M: -3.03%
• YTD: 10.85%
• 6M: 10.27%
• 1Y: 36.26%
• 3Y*: 21.27%
• 5Y*: 10.06%
• 10Y*: 7.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLTW vs. DVYA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
DVYA iShares Asia/Pacific Dividend ETF	10.85%	30.22%	6.05%	13.75%	-2.17%	3.41%	-9.61%	14.70%	-14.87%	3.69%

Correlation

The correlation between FLTW and DVYA is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.58

The correlation between FLTW and DVYA has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

FLTW vs. DVYA - Sectors Allocation Comparison

Sectors	FLTW	DVYA
Technology	78.7%	1.8%
Financial Services	11.2%	30.8%
Industrials	3.3%	6.7%
Basic Materials	2.5%	18.3%
Consumer Cyclical	1.5%	11.1%
Communication Services	1.4%	4.4%
Consumer Defensive	0.7%	4.7%
Healthcare	0.6%	3.4%
Energy	0.1%	4.8%
Real Estate	-	10.0%
Utilities	-	4.1%

Return for Risk

FLTW vs. DVYA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLTW

FLTW Risk / Return Rank: 96
FLTW Sharpe Ratio Rank: 97
FLTW Sortino Ratio Rank: 94
FLTW Omega Ratio Rank: 95
FLTW Calmar Ratio Rank: 98
FLTW Martin Ratio Rank: 96

DVYA

DVYA Risk / Return Rank: 83
DVYA Sharpe Ratio Rank: 87
DVYA Sortino Ratio Rank: 85
DVYA Omega Ratio Rank: 83
DVYA Calmar Ratio Rank: 83
DVYA Martin Ratio Rank: 76

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.

FLTW vs. DVYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan ETF (FLTW) and iShares Asia/Pacific Dividend ETF (DVYA). 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.

	FLTW	DVYA	Difference
Sharpe ratio: Return per unit of total volatility	4.41	2.74	+1.67
Sortino ratio: Return per unit of downside risk	4.66	3.65	+1.01
Omega ratio: Gain probability vs. loss probability	1.68	1.48	+0.21
Calmar ratio: Return relative to maximum drawdown	11.52	4.22	+7.30
Martin ratio: Return relative to average drawdown	34.60	14.09	+20.52

FLTW vs. DVYA - Sharpe Ratio Comparison

The current FLTW Sharpe Ratio is 4.41, which is higher than the DVYA Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FLTW and DVYA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLTW vs. DVYA - Drawdown Comparison

The maximum FLTW drawdown since its inception was -38.00%, smaller than the maximum DVYA drawdown of -45.61%. Use the drawdown chart below to compare losses from any high point for FLTW and DVYA.

Drawdown Indicators

	FLTW	DVYA	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-45.61%	+7.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-8.64%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-26.45%	-19.15%	-7.30%
Max Drawdown (5Y) Largest decline over 5 years	-38.00%	-25.18%	-12.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.61%	—
Current Drawdown Current decline from peak	0.00%	-5.24%	+5.24%
Average Drawdown Average peak-to-trough decline	-8.41%	-10.04%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	2.58%	+1.03%

Volatility

FLTW vs. DVYA - Volatility Comparison

Franklin FTSE Taiwan ETF (FLTW) has a higher volatility of 14.69% compared to iShares Asia/Pacific Dividend ETF (DVYA) at 4.15%. This indicates that FLTW's price experiences larger fluctuations and is considered to be riskier than DVYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTW	DVYA	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.69%	4.15%	+10.54%
Volatility (6M) Calculated over the trailing 6-month period	24.19%	11.01%	+13.18%
Volatility (1Y) Calculated over the trailing 1-year period	28.45%	13.34%	+15.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.07%	15.15%	+7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.11%	17.54%	+4.57%

FLTW vs. DVYA - Expense Ratio Comparison

FLTW has a 0.19% expense ratio, which is lower than DVYA's 0.49% expense ratio.

Dividends

FLTW vs. DVYA - Dividend Comparison

FLTW's dividend yield for the trailing twelve months is around 1.33%, less than DVYA's 4.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVYA iShares Asia/Pacific Dividend ETF	4.67%	4.71%	5.97%	6.48%	7.29%	5.81%	3.66%	5.52%	6.24%	4.74%	4.79%	5.33%
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

Can I hold both FLTW and DVYA in my portfolio?

FLTW and DVYA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTW or DVYA?

FLTW has higher volatility (14.69%) compared to DVYA (4.15%). In terms of maximum drawdown, FLTW dropped -38.00% vs DVYA's -45.61%.

Which ETF is better, FLTW or DVYA?

On 5-year performance, FLTW leads with 23.20% vs 10.06% for DVYA. On fees, FLTW is cheaper at 0.19% per year. On volatility, DVYA has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTW or DVYA?

Over the 5-year period, FLTW has performed better with a 23.20% return vs 10.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTW or DVYA?

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

Which ETF pays a higher dividend yield, FLTW or DVYA?

DVYA has the higher dividend yield at 4.67%, compared with 1.33% for FLTW.

What is the main difference between FLTW and DVYA?

FLTW tracks FTSE Taiwan RIC Capped Index, while DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FLTW and 0.49% for DVYA.

Which has better risk-adjusted returns?

FLTW currently has the higher Sharpe Ratio (4.41 vs 2.74), 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.