HTWD.L vs. UC79.L
HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)) and UC79.L (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds - HTWD.L tracks the MSCI Taiwan Capped Index while UC79.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, HTWD.L returned 20.23%/yr vs 8.55%/yr for UC79.L. A 0.77 correlation means they provide meaningful diversification when combined. HTWD.L charges 0.50%/yr vs 0.27%/yr for UC79.L.
Performance
HTWD.L vs. UC79.L - Performance Comparison
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Different Trading Currencies
HTWD.L is traded in USD, while UC79.L is traded in GBp. To make them comparable, the UC79.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HTWD.L achieves a 51.61% return, which is significantly higher than UC79.L's 23.65% return. Over the past 10 years, HTWD.L has outperformed UC79.L with an annualized return of 20.23%, while UC79.L has yielded a comparatively lower 8.55% annualized return.
HTWD.L
- 1D
- -4.13%
- 1M
- -10.54%
- 6M
- 42.37%
- YTD
- 51.61%
- 1Y
- 73.67%
- 3Y*
- 38.33%
- 5Y*
- 19.33%
- 10Y*
- 20.23%
UC79.L
- 1D
- -2.02%
- 1M
- -8.49%
- 6M
- 19.22%
- YTD
- 23.65%
- 1Y
- 40.30%
- 3Y*
- 22.43%
- 5Y*
- 7.95%
- 10Y*
- 8.55%
HTWD.L vs. UC79.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 51.61% | 32.26% | 25.40% | 28.98% | -29.41% | 27.78% | 36.62% | 33.56% | -8.71% | 27.16% |
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 23.65% | 36.53% | 9.03% | 6.48% | -21.17% | -0.58% | 16.73% | 10.98% | -11.18% | 32.21% |
Correlation
The correlation between HTWD.L and UC79.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2014 | 0.77 |
The correlation between HTWD.L and UC79.L shifts across timeframes, from 0.76 (5 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HTWD.L vs. UC79.L — Risk / Return Rank
HTWD.L
UC79.L
HTWD.L vs. UC79.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) and UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.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 | UC79.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 3.39 | +1.92 |
| Martin ratioReturn relative to average drawdown | 17.31 | 10.11 | +7.20 |
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Drawdowns
HTWD.L vs. UC79.L - Drawdown Comparison
The maximum HTWD.L drawdown since its inception was -41.06%, smaller than the maximum UC79.L drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for HTWD.L and UC79.L.
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Drawdown Indicators
| HTWD.L | UC79.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -58.96% | +17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -11.82% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -28.22% | -17.82% | -10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -41.06% | -35.17% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.06% | -43.80% | +2.74% |
Current DrawdownCurrent decline from peak | -13.80% | -11.09% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -33.84% | +24.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 3.97% | +0.27% |
Volatility
HTWD.L vs. UC79.L - Volatility Comparison
HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) has a higher volatility of 11.37% compared to UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.L) at 9.06%. This indicates that HTWD.L's price experiences larger fluctuations and is considered to be riskier than UC79.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 | UC79.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.37% | 9.06% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 19.99% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.64% | 22.27% | +5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.64% | 20.01% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 20.05% | +1.62% |
HTWD.L vs. UC79.L - Expense Ratio Comparison
HTWD.L has a 0.50% expense ratio, which is higher than UC79.L's 0.27% expense ratio.
Dividends
HTWD.L vs. UC79.L - Dividend Comparison
HTWD.L's dividend yield for the trailing twelve months is around 1.08%, less than UC79.L's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 1.08% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.72% | 2.14% | 1.79% | 2.38% | 2.07% | 1.35% | 1.80% | 2.11% | 2.11% | 1.97% | 2.15% | 1.60% |
Frequently Asked Questions
HTWD.L and UC79.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UC79.L is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC79.L is cheaper with a 0.27% expense ratio, compared with 0.50% for HTWD.L.
HTWD.L tracks MSCI Taiwan Capped Index, while UC79.L tracks MSCI EM NR USD. They also come from different issuers: HSBC and UBS. Their fees differ too: 0.50% for HTWD.L and 0.27% for UC79.L.
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