FLTW vs. TWD=X

Last updated Apr 3, 2026

Compare and contrast key facts about Franklin FTSE Taiwan ETF (FLTW) and USD/TWD (TWD=X).

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.

Performance

FLTW vs. TWD=X - Performance Comparison

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

FLTW vs. TWD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLTW Franklin FTSE Taiwan ETF	11.26%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-9.32%	-1.25%
TWD=X USD/TWD	0.11%	-0.18%	1.21%	-1.06%	0.21%	0.31%	-0.32%	0.12%	0.44%	-0.35%

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 11.26% return, which is significantly higher than TWD=X's 0.11% return.

FLTW

• 1D: -1.58%
• 1M: -2.37%
• YTD: 11.26%
• 6M: 17.64%
• 1Y: 57.44%
• 3Y*: 24.98%
• 5Y*: 12.96%
• 10Y*: —

TWD=X

• 1D: 0.01%
• 1M: 0.07%
• YTD: 0.11%
• 6M: 0.12%
• 1Y: 0.59%
• 3Y*: 0.03%
• 5Y*: 0.06%
• 10Y*: 0.01%

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

Return for Risk

FLTW vs. TWD=X — Risk / Return Rank

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

FLTW

FLTW Risk / Return Rank: 91
FLTW Sharpe Ratio Rank: 91
FLTW Sortino Ratio Rank: 91
FLTW Omega Ratio Rank: 88
FLTW Calmar Ratio Rank: 92
FLTW Martin Ratio Rank: 93

TWD=X

TWD=X Risk / Return Rank: 63
TWD=X Sharpe Ratio Rank: 41
TWD=X Sortino Ratio Rank: 44
TWD=X Omega Ratio Rank: 39
TWD=X Calmar Ratio Rank: 94
TWD=X Martin Ratio Rank: 95

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. 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.

	FLTW	TWD=X	Difference
Sharpe ratio Return per unit of total volatility	2.09	0.10	+2.00
Sortino ratio Return per unit of downside risk	2.78	0.16	+2.61
Omega ratio Gain probability vs. loss probability	1.37	1.03	+0.34
Calmar ratio Return relative to maximum drawdown	3.69	0.14	+3.55
Martin ratio Return relative to average drawdown	14.84	0.26	+14.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLTW vs. TWD=X - Sharpe Ratio Comparison

The current FLTW Sharpe Ratio is 2.09, which is higher than the TWD=X Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of FLTW and TWD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLTW	TWD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	0.10	+2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.02	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.00	+0.70

Correlation

The correlation between FLTW and TWD=X is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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.

Drawdown Indicators

	FLTW	TWD=X	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-22.11%	-15.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-14.74%	+3.04%
Max Drawdown (5Y) Largest decline over 5 years	-38.00%	-14.80%	-23.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.34%	—
Current Drawdown Current decline from peak	-9.02%	-9.25%	+0.23%
Average Drawdown Average peak-to-trough decline	-8.57%	-12.33%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	0.83%	+3.10%

Volatility

FLTW vs. TWD=X - Volatility Comparison

Franklin FTSE Taiwan ETF (FLTW) has a higher volatility of 10.17% compared to USD/TWD (TWD=X) at 0.60%. 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.

Volatility by Period

	FLTW	TWD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	0.60%	+9.57%
Volatility (6M) Calculated over the trailing 6-month period	18.51%	1.78%	+16.73%
Volatility (1Y) Calculated over the trailing 1-year period	27.56%	4.95%	+22.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	3.61%	+18.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.31%	3.51%	+17.80%