HTWD.L vs. IUIT.L
HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both Technology Equities funds - HTWD.L tracks the HSBC MSCI Taiwan Capped UCITS ETF while IUIT.L tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, HTWD.L returned 20.62%/yr vs 25.50%/yr for IUIT.L. A 0.64 correlation means they provide meaningful diversification when combined. HTWD.L charges 0.50%/yr vs 0.15%/yr for IUIT.L.
Performance
HTWD.L vs. IUIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, HTWD.L achieves a 57.53% return, which is significantly higher than IUIT.L's 17.06% return. Over the past 10 years, HTWD.L has underperformed IUIT.L with an annualized return of 20.62%, while IUIT.L has yielded a comparatively higher 25.50% annualized return.
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%
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
HTWD.L vs. IUIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 57.53% | 32.26% | 25.40% | 28.98% | -29.41% | 27.78% | 36.62% | 33.56% | -8.71% | 27.16% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 48.83% | -1.41% | 37.94% |
Correlation
The correlation between HTWD.L and IUIT.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.64 |
The correlation between HTWD.L and IUIT.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
HTWD.L vs. IUIT.L — Risk / Return Rank
HTWD.L
IUIT.L
HTWD.L vs. IUIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.
| HTWD.L | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.25 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 7.40 | 1.85 | +5.55 |
| Martin ratioReturn relative to average drawdown | 20.03 | 4.97 | +15.06 |
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Drawdowns
HTWD.L vs. IUIT.L - Drawdown Comparison
The maximum HTWD.L drawdown since its inception was -41.06%, which is greater than IUIT.L's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for HTWD.L and IUIT.L.
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Drawdown Indicators
| HTWD.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -33.46% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -17.03% | +5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -28.22% | -26.40% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -41.06% | -33.46% | -7.60% |
Max Drawdown (10Y)Largest decline over 10 years | -41.06% | -33.46% | -7.60% |
Current DrawdownCurrent decline from peak | -10.43% | -7.85% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -5.91% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 6.35% | -2.19% |
Volatility
HTWD.L vs. IUIT.L - Volatility Comparison
HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) has a higher volatility of 10.99% compared to iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) at 7.15%. This indicates that HTWD.L's price experiences larger fluctuations and is considered to be riskier than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTWD.L | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.99% | 7.15% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 23.75% | 17.59% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.32% | 22.08% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.58% | 23.96% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 22.32% | -0.68% |
HTWD.L vs. IUIT.L - Expense Ratio Comparison
HTWD.L has a 0.50% expense ratio, which is higher than IUIT.L's 0.15% expense ratio.
Dividends
HTWD.L vs. IUIT.L - Dividend Comparison
HTWD.L's dividend yield for the trailing twelve months is around 1.04%, while IUIT.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HTWD.L and IUIT.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.50% for HTWD.L.
HTWD.L tracks HSBC MSCI Taiwan Capped UCITS ETF, while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.50% for HTWD.L and 0.15% for IUIT.L.
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