IDFF.L vs. HTWN.L
IDFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF USD (Dist)) and HTWN.L (HSBC MSCI Taiwan Capped UCITS ETF USD) are both exchange-traded funds - IDFF.L is a Asia Pacific Equities fund tracking the MSCI All Country World Far East Ex Japan USD Index (USD), while HTWN.L is a Taiwan Equities fund tracking the MSCI Taiwan NR USD. Both are passively managed. Over the past 10 years, IDFF.L returned 9.44%/yr vs 19.42%/yr for HTWN.L. A 0.78 correlation means they provide meaningful diversification when combined. IDFF.L charges 0.74%/yr vs 0.50%/yr for HTWN.L.
Performance
IDFF.L vs. HTWN.L - Performance Comparison
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Different Trading Currencies
IDFF.L is traded in USD, while HTWN.L is traded in GBp. To make them comparable, the HTWN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDFF.L achieves a 23.86% return, which is significantly lower than HTWN.L's 50.09% return. Over the past 10 years, IDFF.L has underperformed HTWN.L with an annualized return of 9.44%, while HTWN.L has yielded a comparatively higher 19.42% annualized return.
IDFF.L
- 1D
- -2.62%
- 1M
- -10.76%
- 6M
- 15.47%
- YTD
- 23.86%
- 1Y
- 42.96%
- 3Y*
- 23.21%
- 5Y*
- 6.60%
- 10Y*
- 9.44%
HTWN.L
- 1D
- -3.68%
- 1M
- -9.92%
- 6M
- 41.29%
- YTD
- 50.09%
- 1Y
- 71.87%
- 3Y*
- 38.02%
- 5Y*
- 19.14%
- 10Y*
- 19.42%
IDFF.L vs. HTWN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF USD (Dist) | 23.86% | 39.49% | 12.16% | 1.47% | -21.79% | -9.20% | 25.91% | 17.27% | -15.18% | 41.70% |
HTWN.L HSBC MSCI Taiwan Capped UCITS ETF USD | 50.09% | 32.44% | 25.37% | 28.41% | -29.48% | 28.27% | 36.16% | 31.88% | -11.06% | 24.74% |
Correlation
The correlation between IDFF.L and HTWN.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.78 |
The correlation between IDFF.L and HTWN.L has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
IDFF.L vs. HTWN.L — Risk / Return Rank
IDFF.L
HTWN.L
IDFF.L vs. HTWN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI AC Far East ex-Japan UCITS ETF USD (Dist) (IDFF.L) and HSBC MSCI Taiwan Capped UCITS ETF USD (HTWN.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.
| IDFF.L | HTWN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 4.82 | -1.54 |
| Martin ratioReturn relative to average drawdown | 9.75 | 16.40 | -6.65 |
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Drawdowns
IDFF.L vs. HTWN.L - Drawdown Comparison
The maximum IDFF.L drawdown since its inception was -64.08%, which is greater than HTWN.L's maximum drawdown of -41.10%. Use the drawdown chart below to compare losses from any high point for IDFF.L and HTWN.L.
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Drawdown Indicators
| IDFF.L | HTWN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.08% | -41.10% | -22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -14.84% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.77% | -28.02% | +8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -43.26% | -41.10% | -2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -50.09% | -41.10% | -8.99% |
Current DrawdownCurrent decline from peak | -13.06% | -14.84% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -18.18% | -10.00% | -8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 4.37% | +0.03% |
Volatility
IDFF.L vs. HTWN.L - Volatility Comparison
The current volatility for iShares MSCI AC Far East ex-Japan UCITS ETF USD (Dist) (IDFF.L) is 10.68%, while HSBC MSCI Taiwan Capped UCITS ETF USD (HTWN.L) has a volatility of 12.14%. This indicates that IDFF.L experiences smaller price fluctuations and is considered to be less risky than HTWN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDFF.L | HTWN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 12.14% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 22.20% | 24.12% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.91% | 27.64% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 23.53% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 21.72% | -0.89% |
IDFF.L vs. HTWN.L - Expense Ratio Comparison
IDFF.L has a 0.74% expense ratio, which is higher than HTWN.L's 0.50% expense ratio.
Dividends
IDFF.L vs. HTWN.L - Dividend Comparison
IDFF.L's dividend yield for the trailing twelve months is around 1.13%, more than HTWN.L's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWN.L HSBC MSCI Taiwan Capped UCITS ETF USD | 0.41% | 1.61% | 1.17% | 2.79% | 3.06% | 1.11% | 1.79% | 0.60% | 0.00% | 0.00% | 2.32% | 2.59% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF USD (Dist) | 1.13% | 1.46% | 1.85% | 1.85% | 2.07% | 1.39% | 1.13% | 1.67% | 2.04% | 1.50% | 1.92% | 2.29% |
Frequently Asked Questions
IDFF.L and HTWN.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HTWN.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HTWN.L is cheaper with a 0.50% expense ratio, compared with 0.74% for IDFF.L.
IDFF.L is categorized as Asia Pacific Equities, while HTWN.L is Taiwan Equities. IDFF.L tracks MSCI All Country World Far East Ex Japan USD Index (USD), while HTWN.L tracks MSCI Taiwan NR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for IDFF.L and 0.50% for HTWN.L.
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