IDTW.L vs. HTWD.L
IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF) are both Technology Equities funds - IDTW.L tracks the iShares MSCI Taiwan UCITS ETF USD (Dist) while HTWD.L tracks the HSBC MSCI Taiwan Capped UCITS ETF. Both are passively managed. Over the past 10 years, IDTW.L returned 20.33%/yr vs 20.62%/yr for HTWD.L. With a 0.99 correlation, they move nearly in lockstep. IDTW.L charges 0.74%/yr vs 0.50%/yr for HTWD.L.
Performance
IDTW.L vs. HTWD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IDTW.L having a 57.81% return and HTWD.L slightly lower at 57.53%. Both investments have delivered pretty close results over the past 10 years, with IDTW.L having a 20.33% annualized return and HTWD.L not far ahead at 20.62%.
IDTW.L
- 1D
- -1.85%
- 1M
- -6.53%
- 6M
- 50.70%
- YTD
- 57.81%
- 1Y
- 84.29%
- 3Y*
- 39.37%
- 5Y*
- 19.77%
- 10Y*
- 20.33%
HTWD.L
- 1D
- -1.68%
- 1M
- -6.47%
- 6M
- 50.40%
- YTD
- 57.53%
- 1Y
- 84.50%
- 3Y*
- 40.11%
- 5Y*
- 20.24%
- 10Y*
- 20.62%
IDTW.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 57.81% | 31.78% | 23.61% | 28.84% | -29.55% | 28.51% | 34.35% | 34.44% | -9.12% | 28.06% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 57.53% | 32.26% | 25.40% | 28.98% | -29.41% | 27.78% | 36.62% | 33.56% | -8.71% | 27.16% |
Correlation
The correlation between IDTW.L and HTWD.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.99 |
The correlation between IDTW.L and HTWD.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
IDTW.L vs. HTWD.L — Risk / Return Rank
IDTW.L
HTWD.L
IDTW.L vs. HTWD.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 HSBC MSCI Taiwan Capped UCITS ETF (HTWD.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 | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.49 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 7.24 | 7.40 | -0.16 |
| Martin ratioReturn relative to average drawdown | 19.11 | 20.03 | -0.91 |
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Drawdowns
IDTW.L vs. HTWD.L - Drawdown Comparison
The maximum IDTW.L drawdown since its inception was -60.07%, which is greater than HTWD.L's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for IDTW.L and HTWD.L.
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Drawdown Indicators
| IDTW.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -41.06% | -19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -11.22% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -28.22% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -41.06% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -41.06% | +0.08% |
Current DrawdownCurrent decline from peak | -11.06% | -10.43% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -9.65% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 4.16% | +0.18% |
Volatility
IDTW.L vs. HTWD.L - Volatility Comparison
iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a higher volatility of 11.69% compared to HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) at 10.99%. This indicates that IDTW.L's price experiences larger fluctuations and is considered to be riskier than HTWD.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 | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 10.99% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 24.41% | 23.75% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.97% | 27.32% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.91% | 23.58% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 21.64% | +0.74% |
IDTW.L vs. HTWD.L - Expense Ratio Comparison
IDTW.L has a 0.74% expense ratio, which is higher than HTWD.L's 0.50% expense ratio.
Dividends
IDTW.L vs. HTWD.L - Dividend Comparison
IDTW.L's dividend yield for the trailing twelve months is around 0.96%, less than HTWD.L's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 1.04% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.96% | 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
With a correlation of 0.97, IDTW.L and HTWD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HTWD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HTWD.L is cheaper with a 0.50% expense ratio, compared with 0.74% for IDTW.L.
IDTW.L tracks iShares MSCI Taiwan UCITS ETF USD (Dist), while HTWD.L tracks HSBC MSCI Taiwan Capped UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for IDTW.L and 0.50% for HTWD.L.
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