FLTW vs. TWD=X
FLTW (Franklin FTSE Taiwan ETF) is Asia Pacific Equities fund tracking the FTSE Taiwan RIC Capped Index, while TWD=X (USD/TWD) is a currency. Over the past 5 years, FLTW returned 21.23%/yr vs 0.06%/yr for TWD=X. At a correlation of -0.14, they often move in opposite directions.
Performance
FLTW vs. TWD=X - Performance Comparison
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Different Trading Currencies
FLTW is traded in USD, while TWD=X is traded in TWD. To make them comparable, the TWD=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLTW achieves a 68.03% return, which is significantly higher than TWD=X's 0.15% return.
FLTW
- 1D
- 0.30%
- 1M
- 1.95%
- YTD
- 68.03%
- 6M
- 70.67%
- 1Y
- 100.47%
- 3Y*
- 41.55%
- 5Y*
- 21.23%
- 10Y*
- —
TWD=X
- 1D
- 0.24%
- 1M
- 0.16%
- YTD
- 0.15%
- 6M
- 0.46%
- 1Y
- -0.14%
- 3Y*
- 0.03%
- 5Y*
- 0.06%
- 10Y*
- 0.03%
FLTW vs. TWD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTW Franklin FTSE Taiwan ETF | 68.03% | 32.00% | 16.68% | 30.05% | -27.51% | 29.46% | 29.77% | 31.23% | -9.32% | -1.28% |
TWD=X USD/TWD | 0.15% | -0.18% | 1.21% | -1.06% | 0.21% | 0.31% | -0.32% | 0.12% | 0.44% | -0.48% |
Correlation
The correlation between FLTW and TWD=X is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | -0.14 |
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Return for Risk
FLTW vs. TWD=X — Risk / Return Rank
FLTW
TWD=X
FLTW vs. TWD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan ETF (FLTW) and USD/TWD (TWD=X). 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 | TWD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 0.99 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 9.29 | -0.13 | +9.42 |
| Martin ratioReturn relative to average drawdown | 27.41 | -0.22 | +27.63 |
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Drawdowns
FLTW vs. TWD=X - Drawdown Comparison
The maximum FLTW drawdown since its inception was -38.00%, which is greater than TWD=X's maximum drawdown of -5.98%. Use the drawdown chart below to compare losses from any high point for FLTW and TWD=X.
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Drawdown Indicators
| FLTW | TWD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.00% | -5.98% | -32.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -0.90% | -9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -26.45% | -3.29% | -23.16% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -3.50% | -34.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.70% | — |
Current DrawdownCurrent decline from peak | -6.50% | -2.91% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -2.89% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 0.49% | +3.19% |
Volatility
FLTW vs. TWD=X - Volatility Comparison
Franklin FTSE Taiwan ETF (FLTW) has a higher volatility of 14.85% compared to USD/TWD (TWD=X) at 0.99%. This indicates that FLTW's price experiences larger fluctuations and is considered to be riskier than TWD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTW | TWD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.85% | 0.99% | +13.86% |
Volatility (6M)Calculated over the trailing 6-month period | 25.08% | 1.73% | +23.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.96% | 2.41% | +26.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.23% | 3.52% | +19.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.19% | 3.50% | +18.69% |
Frequently Asked Questions
FLTW and TWD=X have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTW has higher volatility (14.85%) compared to TWD=X (0.99%). In terms of maximum drawdown, FLTW dropped -38.00% vs TWD=X's -5.98%.
FLTW currently has the higher Sharpe Ratio (3.49 vs -0.05), 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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