FLTW vs. TWD=X
FLTW (Franklin FTSE Taiwan ETF) is Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index, while TWD=X (USD/TWD) is a currency. Over the past 5 years, FLTW returned 18.78%/yr vs 0.05%/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 54.24% return, which is significantly higher than TWD=X's 0.18% return.
FLTW
- 1D
- -2.71%
- 1M
- -8.92%
- 6M
- 44.37%
- YTD
- 54.24%
- 1Y
- 77.22%
- 3Y*
- 36.00%
- 5Y*
- 18.78%
- 10Y*
- —
TWD=X
- 1D
- 0.19%
- 1M
- 0.01%
- 6M
- 0.19%
- YTD
- 0.18%
- 1Y
- 0.20%
- 3Y*
- 0.04%
- 5Y*
- 0.05%
- 10Y*
- 0.08%
FLTW vs. TWD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTW Franklin FTSE Taiwan ETF | 54.24% | 32.00% | 16.68% | 30.05% | -27.51% | 29.46% | 29.77% | 31.23% | -9.32% | -1.28% |
TWD=X USD/TWD | 0.18% | -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 -0.16, 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 | -0.16 |
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 | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.01 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 0.18 | +5.30 |
| Martin ratioReturn relative to average drawdown | 18.48 | 0.31 | +18.17 |
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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 | -14.18% | -0.90% | -13.28% |
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 | -14.18% | -2.88% | -11.30% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -2.90% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 0.51% | +3.68% |
Volatility
FLTW vs. TWD=X - Volatility Comparison
Franklin FTSE Taiwan ETF (FLTW) has a higher volatility of 12.84% compared to USD/TWD (TWD=X) at 0.97%. 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 | 12.84% | 0.97% | +11.87% |
Volatility (6M)Calculated over the trailing 6-month period | 27.01% | 1.91% | +25.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.29% | 2.49% | +27.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 3.52% | +20.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 3.50% | +18.87% |
Frequently Asked Questions
FLTW and TWD=X have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTW has higher volatility (12.84%) compared to TWD=X (0.97%). In terms of maximum drawdown, FLTW dropped -38.00% vs TWD=X's -5.98%.
FLTW currently has the higher Sharpe Ratio (2.56 vs 0.07), 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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