IDTW.L vs. EMRD.L
IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) and EMRD.L (State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc)) are both exchange-traded funds - IDTW.L is a Technology Equities fund tracking the MSCI Taiwan 20/35 Index (Net) (USD), while EMRD.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index. Both are passively managed. Over the past 10 years, IDTW.L returned 19.92%/yr vs 8.78%/yr for EMRD.L. A 0.70 correlation means they provide meaningful diversification when combined. IDTW.L charges 0.74%/yr vs 0.18%/yr for EMRD.L.
Performance
IDTW.L vs. EMRD.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IDTW.L achieves a 51.77% return, which is significantly higher than EMRD.L's 16.13% return. Over the past 10 years, IDTW.L has outperformed EMRD.L with an annualized return of 19.92%, while EMRD.L has yielded a comparatively lower 8.78% annualized 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%
EMRD.L
- 1D
- -1.91%
- 1M
- -9.43%
- 6M
- 10.42%
- YTD
- 16.13%
- 1Y
- 31.48%
- 3Y*
- 19.48%
- 5Y*
- 6.42%
- 10Y*
- 8.78%
IDTW.L vs. EMRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 51.77% | 31.78% | 23.61% | 28.84% | -29.55% | 28.51% | 34.35% | 34.44% | -9.12% | 28.06% |
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 16.13% | 34.18% | 7.65% | 9.74% | -20.67% | -2.26% | 17.96% | 17.38% | -14.07% | 36.47% |
Correlation
The correlation between IDTW.L and EMRD.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.70 |
The correlation between IDTW.L and EMRD.L shifts across timeframes, from 0.70 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IDTW.L vs. EMRD.L — Risk / Return Rank
IDTW.L
EMRD.L
IDTW.L vs. EMRD.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 State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.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 | EMRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.27 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 2.52 | +2.53 |
| Martin ratioReturn relative to average drawdown | 16.48 | 7.64 | +8.85 |
Loading charts...
Drawdowns
IDTW.L vs. EMRD.L - Drawdown Comparison
The maximum IDTW.L drawdown since its inception was -60.07%, which is greater than EMRD.L's maximum drawdown of -39.82%. Use the drawdown chart below to compare losses from any high point for IDTW.L and EMRD.L.
Loading charts...
Drawdown Indicators
| IDTW.L | EMRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -39.82% | -20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -12.43% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -16.71% | -11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -34.96% | -6.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -39.82% | -1.16% |
Current DrawdownCurrent decline from peak | -14.46% | -11.18% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -14.50% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 4.11% | +0.33% |
Volatility
IDTW.L vs. EMRD.L - Volatility Comparison
iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a higher volatility of 12.06% compared to State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) at 9.25%. This indicates that IDTW.L's price experiences larger fluctuations and is considered to be riskier than EMRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IDTW.L | EMRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 9.25% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 24.76% | 19.93% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 22.07% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 19.32% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 19.66% | +2.75% |
IDTW.L vs. EMRD.L - Expense Ratio Comparison
IDTW.L has a 0.74% expense ratio, which is higher than EMRD.L's 0.18% expense ratio.
Dividends
IDTW.L vs. EMRD.L - Dividend Comparison
IDTW.L's dividend yield for the trailing twelve months is around 0.99%, while EMRD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMRD.L State Street SPDR MSCI Emerging Markets 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 EMRD.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMRD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMRD.L is cheaper with a 0.18% expense ratio, compared with 0.74% for IDTW.L.
IDTW.L is categorized as Technology Equities, while EMRD.L is Emerging Markets Equities. IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD), while EMRD.L tracks MSCI Emerging Markets Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.74% for IDTW.L and 0.18% for EMRD.L.
Find the right allocation for IDTW.L and EMRD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer