FLTW vs. EWT
Compare and contrast key facts about Franklin FTSE Taiwan ETF (FLTW) and iShares MSCI Taiwan ETF (EWT).
FLTW and EWT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000. Both FLTW and EWT 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: FLTW or EWT.
Key characteristics
| FLTW | EWT | |
|---|---|---|
| YTD Return | 20.24% | 19.92% |
| 1Y Return | 36.72% | 35.82% |
| 3Y Return (Ann) | 6.53% | 5.54% |
| 5Y Return (Ann) | 14.86% | 14.36% |
| Sharpe Ratio | 1.93 | 1.84 |
| Sortino Ratio | 2.53 | 2.43 |
| Omega Ratio | 1.33 | 1.32 |
| Calmar Ratio | 2.08 | 1.83 |
| Martin Ratio | 8.14 | 8.69 |
| Ulcer Index | 4.75% | 4.38% |
| Daily Std Dev | 20.07% | 20.71% |
| Max Drawdown | -38.00% | -64.26% |
| Current Drawdown | -3.49% | -2.95% |
Correlation
The correlation between FLTW and EWT 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
FLTW vs. EWT - Performance Comparison
The year-to-date returns for both stocks are quite close, with FLTW having a 20.24% return and EWT slightly lower at 19.92%. 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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FLTW vs. EWT - Expense Ratio Comparison
FLTW has a 0.19% expense ratio, which is lower than EWT's 0.59% expense ratio.
Risk-Adjusted Performance
FLTW vs. EWT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan ETF (FLTW) 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.
Dividends
FLTW vs. EWT - Dividend Comparison
FLTW's dividend yield for the trailing twelve months is around 2.45%, less than EWT's 10.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTW Franklin FTSE Taiwan ETF | 2.45% | 2.85% | 3.16% | 2.31% | 2.14% | 3.00% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWT iShares MSCI Taiwan ETF | 10.01% | 12.01% | 18.82% | 2.64% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% | 1.93% | 1.82% |
Drawdowns
FLTW vs. EWT - Drawdown Comparison
The maximum FLTW drawdown since its inception was -38.00%, smaller than the maximum EWT drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for FLTW and EWT. For additional features, visit the drawdowns tool.
Volatility
FLTW vs. EWT - Volatility Comparison
Franklin FTSE Taiwan ETF (FLTW) and iShares MSCI Taiwan ETF (EWT) have volatilities of 5.02% and 5.05%, 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.