IDTW.L vs. LUK2.L
IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) and LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) are both exchange-traded funds - IDTW.L is a Technology Equities fund tracking the MSCI Taiwan 20/35 Index (Net) (USD), while LUK2.L is a Leveraged Equities fund tracking the FTSE 100 Daily Leveraged Index. Both are passively managed. Over the past 10 years, IDTW.L returned 19.92%/yr vs 10.80%/yr for LUK2.L. A 0.58 correlation means they provide meaningful diversification when combined. IDTW.L charges 0.74%/yr vs 0.50%/yr for LUK2.L.
Performance
IDTW.L vs. LUK2.L - Performance Comparison
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Different Trading Currencies
IDTW.L is traded in USD, while LUK2.L is traded in GBp. To make them comparable, the LUK2.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDTW.L achieves a 51.77% return, which is significantly higher than LUK2.L's 12.79% return. Over the past 10 years, IDTW.L has outperformed LUK2.L with an annualized return of 19.92%, while LUK2.L has yielded a comparatively lower 10.80% 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%
LUK2.L
- 1D
- 0.46%
- 1M
- 2.55%
- 6M
- 7.10%
- YTD
- 12.79%
- 1Y
- 36.40%
- 3Y*
- 25.34%
- 5Y*
- 16.78%
- 10Y*
- 10.80%
IDTW.L vs. LUK2.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% |
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 12.79% | 54.57% | 7.98% | 12.21% | -7.34% | 33.53% | -28.30% | 37.83% | -25.19% | 33.91% |
Correlation
The correlation between IDTW.L and LUK2.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2009 | 0.58 |
Over the past year, the correlation between IDTW.L and LUK2.L has dropped to 0.35 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
IDTW.L vs. LUK2.L — Risk / Return Rank
IDTW.L
LUK2.L
IDTW.L vs. LUK2.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 L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.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 | LUK2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.27 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 1.92 | +3.13 |
| Martin ratioReturn relative to average drawdown | 16.48 | 5.46 | +11.02 |
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Drawdowns
IDTW.L vs. LUK2.L - Drawdown Comparison
The maximum IDTW.L drawdown since its inception was -60.07%, smaller than the maximum LUK2.L drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for IDTW.L and LUK2.L.
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Drawdown Indicators
| IDTW.L | LUK2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -64.37% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -18.89% | +4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -25.12% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -34.17% | -6.81% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -64.37% | +23.39% |
Current DrawdownCurrent decline from peak | -14.46% | -6.38% | -8.08% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -13.04% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 6.65% | -2.21% |
Volatility
IDTW.L vs. LUK2.L - Volatility Comparison
iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a higher volatility of 12.06% compared to L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) at 5.99%. This indicates that IDTW.L's price experiences larger fluctuations and is considered to be riskier than LUK2.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 | LUK2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 5.99% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 24.76% | 20.97% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 24.17% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 28.28% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 31.33% | -8.92% |
IDTW.L vs. LUK2.L - Expense Ratio Comparison
IDTW.L has a 0.74% expense ratio, which is higher than LUK2.L's 0.50% expense ratio.
Dividends
IDTW.L vs. LUK2.L - Dividend Comparison
IDTW.L's dividend yield for the trailing twelve months is around 0.99%, while LUK2.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (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% |
Frequently Asked Questions
IDTW.L and LUK2.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LUK2.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LUK2.L is cheaper with a 0.50% expense ratio, compared with 0.74% for IDTW.L.
IDTW.L is categorized as Technology Equities, while LUK2.L is Leveraged Equities. IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD), while LUK2.L tracks FTSE 100 Daily Leveraged Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.74% for IDTW.L and 0.50% for LUK2.L.
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