FLTW vs. TWDUSD=X
FLTW (Franklin FTSE Taiwan ETF) is Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index, while TWDUSD=X (TWD/USD) is a currency. Over the past 5 years, FLTW returned 18.78%/yr vs -2.87%/yr for TWDUSD=X. At a 0.45 correlation, their price movements are largely independent.
Performance
FLTW vs. TWDUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, FLTW achieves a 54.24% return, which is significantly higher than TWDUSD=X's -3.20% return.
FLTW
- 1D
- -2.71%
- 1M
- -8.92%
- 6M
- 44.37%
- YTD
- 54.24%
- 1Y
- 77.22%
- 3Y*
- 36.00%
- 5Y*
- 18.78%
- 10Y*
- —
TWDUSD=X
- 1D
- -0.46%
- 1M
- -2.31%
- 6M
- -2.34%
- YTD
- -3.20%
- 1Y
- -9.21%
- 3Y*
- -1.47%
- 5Y*
- -2.87%
- 10Y*
- -0.10%
FLTW vs. TWDUSD=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% |
TWDUSD=X TWD/USD | -3.20% | 4.63% | -6.51% | -0.14% | -9.57% | 1.47% | 6.35% | 2.23% | -2.82% | 1.66% |
Correlation
The correlation between FLTW and TWDUSD=X is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.45 |
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Return for Risk
FLTW vs. TWDUSD=X — Risk / Return Rank
FLTW
TWDUSD=X
FLTW vs. TWDUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan ETF (FLTW) and TWD/USD (TWDUSD=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 | TWDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.02 | ||
| Sortino ratioReturn per unit of downside risk | +5.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.78 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | -0.77 | +6.25 |
| Martin ratioReturn relative to average drawdown | 18.48 | -1.16 | +19.64 |
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Drawdowns
FLTW vs. TWDUSD=X - Drawdown Comparison
The maximum FLTW drawdown since its inception was -38.00%, which is greater than TWDUSD=X's maximum drawdown of -17.28%. Use the drawdown chart below to compare losses from any high point for FLTW and TWDUSD=X.
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Drawdown Indicators
| FLTW | TWDUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.00% | -17.28% | -20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.18% | -9.67% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.45% | -10.69% | -15.76% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -17.28% | -20.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.28% | — |
Current DrawdownCurrent decline from peak | -14.18% | -15.09% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -6.93% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 3.62% | +0.57% |
Volatility
FLTW vs. TWDUSD=X - Volatility Comparison
Franklin FTSE Taiwan ETF (FLTW) has a higher volatility of 12.84% compared to TWD/USD (TWDUSD=X) at 1.07%. This indicates that FLTW's price experiences larger fluctuations and is considered to be riskier than TWDUSD=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 | TWDUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 1.07% | +11.77% |
Volatility (6M)Calculated over the trailing 6-month period | 27.01% | 3.21% | +23.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.29% | 5.15% | +25.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 6.21% | +17.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 5.56% | +16.81% |
Frequently Asked Questions
FLTW and TWDUSD=X have a correlation of 0.46, 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 TWDUSD=X (1.07%). In terms of maximum drawdown, FLTW dropped -38.00% vs TWDUSD=X's -17.28%.
FLTW currently has the higher Sharpe Ratio (2.56 vs -1.45), 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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