FOOD.L vs. HTWD.L

Last updated Jul 16, 2026

FOOD.L (Rize Sustainable Future of Food UCITS ETF A USD) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF) are both Technology Equities funds - FOOD.L tracks the Rize Sustainable Future of Food UCITS ETF A USD while HTWD.L tracks the HSBC MSCI Taiwan Capped UCITS ETF. Both are passively managed. Over the past 5 years, FOOD.L returned -9.02%/yr vs 20.24%/yr for HTWD.L. At a 0.49 correlation, their price movements are largely independent. FOOD.L charges 0.45%/yr vs 0.50%/yr for HTWD.L.

Performance

FOOD.L vs. HTWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rize Sustainable Future of Food UCITS ETF A USD (FOOD.L) and HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOOD.L achieves a 4.32% return, which is significantly lower than HTWD.L's 57.53% return.

FOOD.L

• 1D: 0.25%
• 1M: 1.57%
• 6M: -0.79%
• YTD: 4.32%
• 1Y: -3.28%
• 3Y*: -3.92%
• 5Y*: -9.02%
• 10Y*: —

HTWD.L

• 1D: -1.68%
• 1M: -6.47%
• 6M: 50.40%
• YTD: 57.53%
• 1Y: 84.50%
• 3Y*: 40.11%
• 5Y*: 20.24%
• 10Y*: 20.62%

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

FOOD.L vs. HTWD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FOOD.L Rize Sustainable Future of Food UCITS ETF A USD	4.32%	-2.89%	-7.32%	-1.58%	-26.82%	1.07%	11.95%
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF	57.53%	32.26%	25.40%	28.98%	-29.41%	27.78%	20.72%

Correlation

The correlation between FOOD.L and HTWD.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 27, 2020	0.49

The correlation between FOOD.L and HTWD.L shifts across timeframes, from 0.30 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FOOD.L vs. HTWD.L — Risk / Return Rank

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

FOOD.L

FOOD.L Risk / Return Rank: 8
FOOD.L Sharpe Ratio Rank: 8
FOOD.L Sortino Ratio Rank: 7
FOOD.L Omega Ratio Rank: 7
FOOD.L Calmar Ratio Rank: 8
FOOD.L Martin Ratio Rank: 8

HTWD.L

HTWD.L Risk / Return Rank: 94
HTWD.L Sharpe Ratio Rank: 95
HTWD.L Sortino Ratio Rank: 92
HTWD.L Omega Ratio Rank: 92
HTWD.L Calmar Ratio Rank: 96
HTWD.L Martin Ratio Rank: 94

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.

FOOD.L vs. HTWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rize Sustainable Future of Food UCITS ETF A USD (FOOD.L) and HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L). 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.

	FOOD.L	HTWD.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	3.04	-3.19
Sortino ratio: Return per unit of downside risk	-0.10	3.68	-3.78
Omega ratio: Gain probability vs. loss probability	0.99	1.49	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.14	7.40	-7.54
Martin ratio: Return relative to average drawdown	-0.27	20.03	-20.29

FOOD.L vs. HTWD.L - Sharpe Ratio Comparison

The current FOOD.L Sharpe Ratio is -0.15, which is lower than the HTWD.L Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of FOOD.L and HTWD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FOOD.L vs. HTWD.L - Drawdown Comparison

The maximum FOOD.L drawdown since its inception was -47.70%, which is greater than HTWD.L's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for FOOD.L and HTWD.L.

Drawdown Indicators

	FOOD.L	HTWD.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.70%	-41.06%	-6.64%
Max Drawdown (1Y) Largest decline over 1 year	-16.06%	-11.22%	-4.84%
Max Drawdown (3Y) Largest decline over 3 years	-24.15%	-28.22%	+4.07%
Max Drawdown (5Y) Largest decline over 5 years	-47.70%	-41.06%	-6.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.06%	—
Current Drawdown Current decline from peak	-40.08%	-10.43%	-29.65%
Average Drawdown Average peak-to-trough decline	-28.63%	-9.65%	-18.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.64%	4.16%	+4.48%

Volatility

FOOD.L vs. HTWD.L - Volatility Comparison

The current volatility for Rize Sustainable Future of Food UCITS ETF A USD (FOOD.L) is 4.65%, while HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) has a volatility of 10.99%. This indicates that FOOD.L experiences smaller price fluctuations and is considered to be less risky than HTWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOOD.L	HTWD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	10.99%	-6.34%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	23.75%	-11.64%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	27.32%	-11.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.70%	23.58%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	21.64%	-3.44%

FOOD.L vs. HTWD.L - Expense Ratio Comparison

FOOD.L has a 0.45% expense ratio, which is lower than HTWD.L's 0.50% expense ratio.

Dividends

FOOD.L vs. HTWD.L - Dividend Comparison

FOOD.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOOD.L Rize Sustainable Future of Food UCITS ETF A USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF	1.04%	1.53%	1.18%	2.73%	3.31%	1.13%	1.69%	2.08%	2.79%	1.37%	2.64%	2.65%

Frequently Asked Questions

Can I hold both FOOD.L and HTWD.L in my portfolio?

FOOD.L and HTWD.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FOOD.L or HTWD.L?

On fees, FOOD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FOOD.L or HTWD.L?

FOOD.L is cheaper with a 0.45% expense ratio, compared with 0.50% for HTWD.L.

What is the main difference between FOOD.L and HTWD.L?

FOOD.L tracks Rize Sustainable Future of Food UCITS ETF A USD, while HTWD.L tracks HSBC MSCI Taiwan Capped UCITS ETF. They also come from different issuers: Rize ETF and HSBC. Their fees differ too: 0.45% for FOOD.L and 0.50% for HTWD.L.