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IDAP.L vs. ITWN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDAP.L vs. ITWN.L

Last updated Jun 5, 2026

IDAP.L (iShares Asia Pacific Dividend UCITS) and ITWN.L (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds from iShares - IDAP.L tracks the MSCI AC Asia Pacific NR USD while ITWN.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 10 years, IDAP.L returned 7.15%/yr vs 22.16%/yr for ITWN.L. At a 0.45 correlation, their price movements are largely independent. IDAP.L charges 0.59%/yr vs 0.74%/yr for ITWN.L.

Performance

IDAP.L vs. ITWN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia Pacific Dividend UCITS (IDAP.L) and iShares MSCI Taiwan UCITS ETF (ITWN.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IDAP.L is traded in USD, while ITWN.L is traded in GBp. To make them comparable, the ITWN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IDAP.L achieves a 12.85% return, which is significantly lower than ITWN.L's 67.51% return. Over the past 10 years, IDAP.L has underperformed ITWN.L with an annualized return of 7.15%, while ITWN.L has yielded a comparatively higher 22.16% annualized return.

IDAP.L

1D
-0.38%
1M
-0.35%
YTD
12.85%
6M
13.89%
1Y
38.26%
3Y*
21.67%
5Y*
9.72%
10Y*
7.15%

ITWN.L

1D
-1.58%
1M
13.87%
YTD
67.51%
6M
74.76%
1Y
115.30%
3Y*
44.09%
5Y*
21.65%
10Y*
22.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDAP.L vs. ITWN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDAP.L
iShares Asia Pacific Dividend UCITS		12.85%29.69%6.18%13.48%-1.96%3.39%-9.38%13.90%-15.23%17.00%
ITWN.L
iShares MSCI Taiwan UCITS ETF		67.51%31.86%23.68%28.27%-29.51%28.66%34.79%34.70%-9.34%27.66%

Correlation

The correlation between IDAP.L and ITWN.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2007

0.45

The correlation between IDAP.L and ITWN.L shifts across timeframes, from 0.45 (all time) to 0.57 (5 years), reflecting how their relationship changes across market environments.

IDAP.L vs. ITWN.L - Sectors Allocation Comparison

Sectors
IDAP.L
ITWN.L

Financial Services

30.9%
10.9%

Basic Materials

16.1%
2.0%

Consumer Cyclical

10.9%
1.2%

Real Estate

10.6%

-

Industrials

7.1%
2.4%

Consumer Defensive

5.2%
0.8%

Energy

5.1%

-

Communication Services

4.7%
1.4%

Utilities

4.5%

-

Healthcare

3.5%
0.6%

Technology

1.6%
80.7%

Financial Services

IDAP.L
30.9%
ITWN.L
10.9%

Basic Materials

IDAP.L
16.1%
ITWN.L
2.0%

Consumer Cyclical

IDAP.L
10.9%
ITWN.L
1.2%

Real Estate

IDAP.L
10.6%
ITWN.L

-

Industrials

IDAP.L
7.1%
ITWN.L
2.4%

Consumer Defensive

IDAP.L
5.2%
ITWN.L
0.8%

Energy

IDAP.L
5.1%
ITWN.L

-

Communication Services

IDAP.L
4.7%
ITWN.L
1.4%

Utilities

IDAP.L
4.5%
ITWN.L

-

Healthcare

IDAP.L
3.5%
ITWN.L
0.6%

Technology

IDAP.L
1.6%
ITWN.L
80.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Asia Pacific Dividend UCITS

iShares MSCI Taiwan UCITS ETF

Often compared with IDAP.L:
IDAP.L vs. EWLIDAP.L vs. VAPX.ASIDAP.L vs. ASDV.LIDAP.L vs. DVYAIDAP.L vs. SEDY.LIDAP.L vs. HYGWIDAP.L vs. LCAL.L
Often compared with ITWN.L:
ITWN.L vs. QQQITWN.L vs. SPINXITWN.L vs. TSMITWN.L vs. VTIITWN.L vs. VWCE.DEITWN.L vs. FLXT.DEITWN.L vs. FLIN

Return for Risk

IDAP.L vs. ITWN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDAP.L
IDAP.L Risk / Return Rank: 8686
Overall Rank
IDAP.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
IDAP.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
IDAP.L Omega Ratio Rank: 8686
Omega Ratio Rank
IDAP.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
IDAP.L Martin Ratio Rank: 8484
Martin Ratio Rank
ITWN.L
ITWN.L Risk / Return Rank: 9797
Overall Rank
ITWN.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
ITWN.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
ITWN.L Omega Ratio Rank: 9696
Omega Ratio Rank
ITWN.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
ITWN.L Martin Ratio Rank: 9696
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.

IDAP.L vs. ITWN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IDAP.L) and iShares MSCI Taiwan UCITS ETF (ITWN.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.

IDAP.LITWN.LDifference
Sharpe ratioReturn per unit of total volatility
2.95
4.65

-1.70

Sortino ratioReturn per unit of downside risk
4.06
5.43

-1.38

Omega ratioGain probability vs. loss probability

1.52

1.72

-0.20

Calmar ratioReturn relative to maximum drawdown

4.34

10.10

-5.76

Martin ratioReturn relative to average drawdown

16.72

30.61

-13.89

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

IDAP.L vs. ITWN.L - Sharpe Ratio Comparison

The current IDAP.L Sharpe Ratio is 2.95, which is lower than the ITWN.L Sharpe Ratio of 4.65. The chart below compares the historical Sharpe Ratios of IDAP.L and ITWN.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.

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Sharpe Ratios by Period

IDAP.LITWN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.95

4.65

-1.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.95

-0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

1.06

-0.63

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.49

-0.25

Drawdowns

IDAP.L vs. ITWN.L - Drawdown Comparison

The maximum IDAP.L drawdown since its inception was -69.37%, which is greater than ITWN.L's maximum drawdown of -61.21%. Use the drawdown chart below to compare losses from any high point for IDAP.L and ITWN.L.

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Drawdown Indicators

IDAP.LITWN.LDifference

Max Drawdown

Largest peak-to-trough decline

-69.37%

-61.21%

-8.16%

Max Drawdown (1Y)

Largest decline over 1 year

-8.77%

-11.35%

+2.58%

Max Drawdown (3Y)

Largest decline over 3 years

-18.62%

-28.01%

+9.39%

Max Drawdown (5Y)

Largest decline over 5 years

-25.37%

-41.23%

+15.86%

Max Drawdown (10Y)

Largest decline over 10 years

-45.71%

-41.23%

-4.48%

Current Drawdown

Current decline from peak

-3.01%

-2.11%

-0.90%

Average Drawdown

Average peak-to-trough decline

-11.15%

-12.72%

+1.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

3.75%

-1.47%

Volatility

IDAP.L vs. ITWN.L - Volatility Comparison

The current volatility for iShares Asia Pacific Dividend UCITS (IDAP.L) is 4.29%, while iShares MSCI Taiwan UCITS ETF (ITWN.L) has a volatility of 10.34%. This indicates that IDAP.L experiences smaller price fluctuations and is considered to be less risky than ITWN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDAP.LITWN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.29%

10.34%

-6.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.41%

20.19%

-9.78%

Volatility (1Y)

Calculated over the trailing 1-year period

12.92%

24.66%

-11.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.81%

22.77%

-7.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.73%

21.83%

-5.10%

IDAP.L vs. ITWN.L - Expense Ratio Comparison

IDAP.L has a 0.59% expense ratio, which is lower than ITWN.L's 0.74% expense ratio.

Dividends

IDAP.L vs. ITWN.L - Dividend Comparison

IDAP.L's dividend yield for the trailing twelve months is around 3.65%, more than ITWN.L's 0.89% yield.

PositionTTM20252024202320222021202020192018201720162015
IDAP.L
iShares Asia Pacific Dividend UCITS		3.65%4.22%5.36%5.72%6.92%5.59%3.49%5.52%6.04%4.55%4.54%5.47%
ITWN.L
iShares MSCI Taiwan UCITS ETF		0.89%1.50%1.37%2.14%3.54%1.33%1.83%2.28%2.72%2.74%2.86%3.23%

Frequently Asked Questions

IDAP.L and ITWN.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDAP.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDAP.L is cheaper with a 0.59% expense ratio, compared with 0.74% for ITWN.L.

IDAP.L tracks MSCI AC Asia Pacific NR USD, while ITWN.L tracks MSCI Taiwan NR USD. Their fees differ too: 0.59% for IDAP.L and 0.74% for ITWN.L.

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