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FLTW vs. EWT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLTW vs. EWT

Last updated Aug 2, 2026
Documentation

FLTW (Franklin FTSE Taiwan ETF) and EWT (iShares MSCI Taiwan ETF) are both Taiwan Equities funds - FLTW tracks the FTSE Taiwan RIC Capped Index while EWT tracks the MSCI Taiwan 25/50 Index. Both are passively managed. Over the past 5 years, FLTW returned 18.91%/yr vs 16.96%/yr for EWT. Their correlation of 0.93 means they have usually moved in the same direction. FLTW charges 0.19%/yr vs 0.59%/yr for EWT.

Performance

FLTW vs. EWT - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with FLTW having a 53.07% return and EWT slightly lower at 51.98%.

FLTW

1D
3.38%
1M
-8.11%
6M
41.10%
YTD
53.07%
1Y
78.62%
3Y*
36.54%
5Y*
18.91%
10Y*
—
ALL TIME*
18.45%

EWT

1D
2.71%
1M
-7.92%
6M
41.86%
YTD
51.98%
1Y
72.95%
3Y*
34.98%
5Y*
16.96%
10Y*
17.98%
ALL TIME*
7.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EWT

iShares MSCI Taiwan ETF
$630.60M$678.43M$665.11M

FLTW

Franklin FTSE Taiwan ETF
$79.26M$58.46M$67.03M

FLTW vs. EWT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLTW
Franklin FTSE Taiwan ETF		53.07%32.00%16.68%30.05%-27.51%29.46%29.77%31.23%-9.32%-1.28%
EWT
iShares MSCI Taiwan ETF		51.98%28.38%16.11%29.00%-28.90%26.18%31.50%33.36%-9.90%-1.76%

Correlation

The correlation between FLTW and EWT is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.99

Correlation (3Y)
Balances recent behavior with more history.

0.99

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.99

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.93

The correlation between FLTW and EWT has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.

FLTW vs. EWT - Sectors Allocation Comparison

Sectors
FLTW
EWT

Technology

77.2%
71.6%

Financial Services

12.5%
14.6%

Industrials

3.0%
4.3%

Basic Materials

2.9%
3.9%

Consumer Cyclical

1.6%
0.4%

Communication Services

1.3%
1.8%

Consumer Defensive

0.7%
1.1%

Healthcare

0.7%
1.3%

Energy

0.1%

-

Real Estate

-

-

Utilities

-

-

Technology

FLTW
77.2%
EWT
71.6%

Financial Services

FLTW
12.5%
EWT
14.6%

Industrials

FLTW
3.0%
EWT
4.3%

Basic Materials

FLTW
2.9%
EWT
3.9%

Consumer Cyclical

FLTW
1.6%
EWT
0.4%

Communication Services

FLTW
1.3%
EWT
1.8%

Consumer Defensive

FLTW
0.7%
EWT
1.1%

Healthcare

FLTW
0.7%
EWT
1.3%

Energy

FLTW
0.1%
EWT

-

Real Estate

FLTW

-

EWT

-

Utilities

FLTW

-

EWT

-

Compare stocks, funds, or ETFs

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Franklin FTSE Taiwan ETF

iShares MSCI Taiwan ETF

Often compared with FLTW:
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Often compared with EWT:
EWT vs. EWYEWT vs. VTEWT vs. QQQEWT vs. EWSEWT vs. EWHEWT vs. EWXEWT vs. VTI

Return for Risk

FLTW vs. EWT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FLTW
FLTW Risk / Return Rank: 9090
Overall Rank
FLTW Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
FLTW Sortino Ratio Rank: 8787
Sortino Ratio Rank
FLTW Omega Ratio Rank: 8989
Omega Ratio Rank
FLTW Calmar Ratio Rank: 8989
Calmar Ratio Rank
FLTW Martin Ratio Rank: 9191
Martin Ratio Rank
EWT
EWT Risk / Return Rank: 8989
Overall Rank
EWT Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 8686
Sortino Ratio Rank
EWT Omega Ratio Rank: 8888
Omega Ratio Rank
EWT Calmar Ratio Rank: 8989
Calmar Ratio Rank
EWT Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLTW vs. EWT - Risk-Adjusted Trends 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.

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.

FLTWEWTDifference
Sharpe ratioReturn per unit of total volatility
2.49
2.39

+0.10

Sortino ratioReturn per unit of downside risk
2.92
2.87

+0.05

Omega ratioGain probability vs. loss probability

1.41

1.39

+0.01

Calmar ratioReturn relative to maximum drawdown

3.73

3.70

+0.03

Martin ratioReturn relative to average drawdown

15.39

15.15

+0.24

FLTW vs. EWT - Sharpe Ratio Comparison

The current FLTW Sharpe Ratio is 2.49, which is comparable to the EWT Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FLTW 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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Drawdowns

FLTW vs. EWT - Drawdown Comparison

The maximum FLTW drawdown since its inception was -38.00%, smaller than the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for FLTW and EWT.

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Drawdown Indicators

FLTWEWTDifference

Max Drawdown

Largest peak-to-trough decline

-38.00%

-64.37%

+26.37%

Max Drawdown (1Y)

Largest decline over 1 year

-21.34%

-19.83%

-1.51%

Max Drawdown (3Y)

Largest decline over 3 years

-26.45%

-25.66%

-0.79%

Max Drawdown (5Y)

Largest decline over 5 years

-38.00%

-38.88%

+0.88%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.88%

—

Current Drawdown

Current decline from peak

-14.83%

-13.43%

-1.40%

Average Drawdown

Average peak-to-trough decline

-8.43%

-19.09%

+10.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.16%

4.84%

+0.32%

Volatility

FLTW vs. EWT - Volatility Comparison

Franklin FTSE Taiwan ETF (FLTW) and iShares MSCI Taiwan ETF (EWT) have volatilities of 13.59% and 13.40%, 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.

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Volatility by Period

FLTWEWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.59%

13.40%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

28.76%

27.56%

+1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

32.00%

30.78%

+1.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.04%

23.94%

+0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.60%

22.19%

+0.41%

FLTW vs. EWT - Expense Ratio Comparison

FLTW has a 0.19% expense ratio, which is lower than EWT's 0.59% expense ratio.

Dividends

FLTW vs. EWT - Dividend Comparison

FLTW's dividend yield for the trailing twelve months is around 1.76%, less than EWT's 2.92% yield.

PositionTTM20252024202320222021202020192018201720162015
EWT
iShares MSCI Taiwan ETF		2.92%4.43%3.32%12.01%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%
FLTW
Franklin FTSE Taiwan ETF		1.76%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

With a correlation of 0.99, FLTW and EWT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FLTW has higher volatility (13.59%) compared to EWT (13.40%). In terms of maximum drawdown, FLTW dropped -38.00% vs EWT's -64.37%.

On 5-year performance, FLTW leads with 18.91% vs 16.96% for EWT. On fees, FLTW is cheaper at 0.19% per year. On volatility, EWT has been the lower-risk option at 13.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLTW has performed better with a 18.91% return vs 16.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLTW is cheaper with a 0.19% expense ratio, compared with 0.59% for EWT.

EWT has the higher dividend yield at 2.92%, compared with 1.76% for FLTW.

FLTW tracks FTSE Taiwan RIC Capped Index, while EWT tracks MSCI Taiwan 25/50 Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FLTW and 0.59% for EWT.

FLTW currently has the higher Sharpe Ratio (2.49 vs 2.39), 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.

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