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HTWN.L vs. HKOR.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HTWN.L vs. HKOR.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC MSCI Taiwan Capped UCITS ETF USD (HTWN.L) and HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L).

HTWN.L and HKOR.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HTWN.L is a passively managed fund by HSBC that tracks the performance of the MSCI Taiwan NR USD. It was launched on Mar 28, 2011. HKOR.L is a passively managed fund by HSBC that tracks the performance of the MSCI Korea NR USD. It was launched on Apr 6, 2011. Both HTWN.L and HKOR.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HTWN.L vs. HKOR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI Taiwan Capped UCITS ETF USD (HTWN.L) and HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L). The values are adjusted to include any dividend payments, if applicable.

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HTWN.L vs. HKOR.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HTWN.L
HSBC MSCI Taiwan Capped UCITS ETF USD		15.25%23.15%27.50%21.28%-20.57%29.44%31.41%29.56%-2.68%15.90%
HKOR.L
HSBC MSCI Korea Capped UCITS ETF USD		32.63%86.42%-21.81%13.46%-19.95%-7.35%40.21%7.12%-16.48%32.68%

Returns By Period

In the year-to-date period, HTWN.L achieves a 15.25% return, which is significantly lower than HKOR.L's 32.63% return. Over the past 10 years, HTWN.L has outperformed HKOR.L with an annualized return of 18.64%, while HKOR.L has yielded a comparatively lower 12.71% annualized return.

HTWN.L

1D
3.87%
1M
-4.08%
YTD
15.25%
6M
22.22%
1Y
60.39%
3Y*
25.82%
5Y*
14.98%
10Y*
18.64%

HKOR.L

1D
8.76%
1M
-11.50%
YTD
32.63%
6M
64.23%
1Y
136.53%
3Y*
27.71%
5Y*
9.71%
10Y*
12.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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HSBC MSCI Taiwan Capped UCITS ETF USD

HSBC MSCI Korea Capped UCITS ETF USD

Often compared with HTWN.L:
HTWN.L vs. PSRF.LHTWN.L vs. SCHGHTWN.L vs. FRIN.LHTWN.L vs. GLDHTWN.L vs. IITU.LHTWN.L vs. CPJ1.LHTWN.L vs. HMWD.L
Often compared with HKOR.L:
HKOR.L vs. VONGHKOR.L vs. GXLK.LHKOR.L vs. XMID.LHKOR.L vs. AUAD.LHKOR.L vs. FRXT.LHKOR.L vs. 5MVL.DEHKOR.L vs. LAUU.L

HTWN.L vs. HKOR.L - Expense Ratio Comparison

Both HTWN.L and HKOR.L have an expense ratio of 0.50%.

HTWN.L
HSBC MSCI Taiwan Capped UCITS ETF USD
HKOR.L
HSBC MSCI Korea Capped UCITS ETF USD

Return for Risk

HTWN.L vs. HKOR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HTWN.L
HTWN.L Risk / Return Rank: 9595
Overall Rank
HTWN.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
HTWN.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
HTWN.L Omega Ratio Rank: 9393
Omega Ratio Rank
HTWN.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
HTWN.L Martin Ratio Rank: 9696
Martin Ratio Rank
HKOR.L
HKOR.L Risk / Return Rank: 9898
Overall Rank
HKOR.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
HKOR.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
HKOR.L Omega Ratio Rank: 9898
Omega Ratio Rank
HKOR.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
HKOR.L Martin Ratio Rank: 9898
Martin Ratio Rank
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.

HTWN.L vs. HKOR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Taiwan Capped UCITS ETF USD (HTWN.L) and HSBC MSCI Korea Capped UCITS ETF USD (HKOR.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.

HTWN.LHKOR.LDifference

Sharpe ratio

Return per unit of total volatility

2.43

4.36

-1.93

Sortino ratio

Return per unit of downside risk

3.04

4.72

-1.68

Omega ratio

Gain probability vs. loss probability

1.43

1.65

-0.22

Calmar ratio

Return relative to maximum drawdown

5.00

6.50

-1.50

Martin ratio

Return relative to average drawdown

17.46

24.71

-7.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTWN.L vs. HKOR.L - Sharpe Ratio Comparison

The current HTWN.L Sharpe Ratio is 2.43, which is lower than the HKOR.L Sharpe Ratio of 4.36. The chart below compares the historical Sharpe Ratios of HTWN.L and HKOR.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HTWN.LHKOR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

4.36

-1.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.42

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.16

0.55

+0.62

Sharpe Ratio (All Time)

Calculated using the full available price history

0.94

0.37

+0.57

Correlation

The correlation between HTWN.L and HKOR.L is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HTWN.L vs. HKOR.L - Dividend Comparison

HTWN.L's dividend yield for the trailing twelve months is around 1.41%, more than HKOR.L's 0.55% yield.

TTM20252024202320222021202020192018201720162015
HTWN.L
HSBC MSCI Taiwan Capped UCITS ETF USD		1.41%1.61%1.17%2.79%3.04%1.11%1.79%2.12%2.55%2.04%2.32%2.61%
HKOR.L
HSBC MSCI Korea Capped UCITS ETF USD		0.55%0.69%1.51%1.11%0.71%0.59%0.02%0.29%0.53%0.11%0.13%0.57%

Drawdowns

HTWN.L vs. HKOR.L - Drawdown Comparison

The maximum HTWN.L drawdown since its inception was -31.84%, smaller than the maximum HKOR.L drawdown of -44.41%. Use the drawdown chart below to compare losses from any high point for HTWN.L and HKOR.L.

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Drawdown Indicators

HTWN.LHKOR.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.84%

-44.41%

+12.57%

Max Drawdown (1Y)

Largest decline over 1 year

-16.65%

-21.26%

+4.61%

Max Drawdown (5Y)

Largest decline over 5 years

-29.97%

-41.66%

+11.69%

Max Drawdown (10Y)

Largest decline over 10 years

-29.97%

-44.41%

+14.44%

Current Drawdown

Current decline from peak

-5.33%

-14.37%

+9.04%

Average Drawdown

Average peak-to-trough decline

-7.29%

-15.87%

+8.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.42%

5.59%

-2.17%

Volatility

HTWN.L vs. HKOR.L - Volatility Comparison

The current volatility for HSBC MSCI Taiwan Capped UCITS ETF USD (HTWN.L) is 7.58%, while HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) has a volatility of 15.65%. This indicates that HTWN.L experiences smaller price fluctuations and is considered to be less risky than HKOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HTWN.LHKOR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.58%

15.65%

-8.07%

Volatility (6M)

Calculated over the trailing 6-month period

15.91%

26.66%

-10.75%

Volatility (1Y)

Calculated over the trailing 1-year period

24.76%

31.18%

-6.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.73%

23.29%

-2.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.24%

23.16%

+0.08%