IDTW.L vs. CLO.L
IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) and CLO.L (Global X Cloud Computing UCITS ETF USD Acc) are both Technology Equities funds - IDTW.L tracks the MSCI Taiwan 20/35 Index (Net) (USD) while CLO.L tracks the Indxx Global Cloud Computing Index. Both are passively managed. Over the past 3 years, IDTW.L returned 37.69%/yr vs 4.51%/yr for CLO.L. At a 0.44 correlation, their price movements are largely independent. IDTW.L charges 0.74%/yr vs 0.55%/yr for CLO.L.
Performance
IDTW.L vs. CLO.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDTW.L achieves a 51.77% return, which is significantly higher than CLO.L's 5.17% return.
IDTW.L
- 1D
- -3.99%
- 1M
- -10.58%
- 6M
- 42.72%
- YTD
- 51.77%
- 1Y
- 73.35%
- 3Y*
- 37.69%
- 5Y*
- 18.84%
- 10Y*
- 19.92%
CLO.L
- 1D
- -1.17%
- 1M
- 6.03%
- 6M
- 11.23%
- YTD
- 5.17%
- 1Y
- 2.97%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
IDTW.L vs. CLO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 51.77% | 31.78% | 23.61% | 28.84% | -29.55% | 7.94% |
CLO.L Global X Cloud Computing UCITS ETF USD Acc | 5.17% | -6.11% | 5.66% | 44.70% | -40.70% | -13.65% |
Correlation
The correlation between IDTW.L and CLO.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.44 |
Over the past year, the correlation between IDTW.L and CLO.L has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
IDTW.L vs. CLO.L — Risk / Return Rank
IDTW.L
CLO.L
IDTW.L vs. CLO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) and Global X Cloud Computing UCITS ETF USD Acc (CLO.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.
| IDTW.L | CLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.04 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 0.11 | +4.94 |
| Martin ratioReturn relative to average drawdown | 16.48 | 0.25 | +16.23 |
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Drawdowns
IDTW.L vs. CLO.L - Drawdown Comparison
The maximum IDTW.L drawdown since its inception was -60.07%, which is greater than CLO.L's maximum drawdown of -53.57%. Use the drawdown chart below to compare losses from any high point for IDTW.L and CLO.L.
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Drawdown Indicators
| IDTW.L | CLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -53.57% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -26.63% | +12.17% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -32.15% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | — | — |
Current DrawdownCurrent decline from peak | -14.46% | -24.17% | +9.71% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -34.23% | +21.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 11.87% | -7.43% |
Volatility
IDTW.L vs. CLO.L - Volatility Comparison
iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a higher volatility of 12.06% compared to Global X Cloud Computing UCITS ETF USD Acc (CLO.L) at 8.12%. This indicates that IDTW.L's price experiences larger fluctuations and is considered to be riskier than CLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDTW.L | CLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 8.12% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 24.76% | 26.92% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 30.49% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 30.39% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 30.39% | -7.98% |
IDTW.L vs. CLO.L - Expense Ratio Comparison
IDTW.L has a 0.74% expense ratio, which is higher than CLO.L's 0.55% expense ratio.
Dividends
IDTW.L vs. CLO.L - Dividend Comparison
IDTW.L's dividend yield for the trailing twelve months is around 0.99%, while CLO.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLO.L Global X Cloud Computing UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.99% | 1.51% | 1.43% | 2.09% | 3.39% | 1.35% | 1.73% | 2.15% | 2.78% | 2.70% | 3.10% | 3.33% |
Frequently Asked Questions
IDTW.L and CLO.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLO.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLO.L is cheaper with a 0.55% expense ratio, compared with 0.74% for IDTW.L.
IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD), while CLO.L tracks Indxx Global Cloud Computing Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.74% for IDTW.L and 0.55% for CLO.L.
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