IDTW.L vs. SMH.L
IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - IDTW.L is a Technology Equities fund tracking the iShares MSCI Taiwan UCITS ETF USD (Dist), while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, IDTW.L returned 19.77%/yr vs 35.65%/yr for SMH.L. A 0.73 correlation means they provide meaningful diversification when combined. IDTW.L charges 0.74%/yr vs 0.35%/yr for SMH.L.
Performance
IDTW.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDTW.L achieves a 57.81% return, which is significantly lower than SMH.L's 76.50% return.
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%
SMH.L
- 1D
- -3.48%
- 1M
- -8.87%
- 6M
- 62.90%
- YTD
- 76.50%
- 1Y
- 124.23%
- 3Y*
- 54.24%
- 5Y*
- 35.65%
- 10Y*
- —
IDTW.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 57.81% | 31.78% | 23.61% | 28.84% | -29.55% | 28.51% | 9.18% |
SMH.L VanEck Semiconductor UCITS ETF | 76.50% | 49.20% | 24.11% | 75.94% | -35.54% | 42.75% | 4.36% |
Correlation
The correlation between IDTW.L and SMH.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.73 |
The correlation between IDTW.L and SMH.L has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
IDTW.L vs. SMH.L — Risk / Return Rank
IDTW.L
SMH.L
IDTW.L vs. SMH.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 VanEck Semiconductor UCITS ETF (SMH.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 | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 7.24 | 8.88 | -1.64 |
| Martin ratioReturn relative to average drawdown | 19.11 | 27.77 | -8.66 |
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Drawdowns
IDTW.L vs. SMH.L - Drawdown Comparison
The maximum IDTW.L drawdown since its inception was -60.07%, which is greater than SMH.L's maximum drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for IDTW.L and SMH.L.
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Drawdown Indicators
| IDTW.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -45.38% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -13.91% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -36.25% | +8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -45.38% | +4.40% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | — | — |
Current DrawdownCurrent decline from peak | -11.06% | -11.91% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -11.12% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 4.46% | -0.12% |
Volatility
IDTW.L vs. SMH.L - Volatility Comparison
The current volatility for iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) is 11.69%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.26%. This indicates that IDTW.L experiences smaller price fluctuations and is considered to be less risky than SMH.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 | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 16.26% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 24.41% | 30.80% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.97% | 36.96% | -8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.91% | 33.56% | -9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 32.93% | -10.55% |
IDTW.L vs. SMH.L - Expense Ratio Comparison
IDTW.L has a 0.74% expense ratio, which is higher than SMH.L's 0.35% expense ratio.
Dividends
IDTW.L vs. SMH.L - Dividend Comparison
IDTW.L's dividend yield for the trailing twelve months is around 0.96%, while SMH.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) | 0.96% | 1.51% | 1.43% | 2.09% | 3.39% | 1.35% | 1.73% | 2.15% | 2.78% | 2.70% | 3.10% | 3.33% |
SMH.L VanEck Semiconductor UCITS ETF | 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 SMH.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH.L is cheaper with a 0.35% expense ratio, compared with 0.74% for IDTW.L.
IDTW.L is categorized as Technology Equities, while SMH.L is Semiconductors. IDTW.L tracks iShares MSCI Taiwan UCITS ETF USD (Dist), while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.74% for IDTW.L and 0.35% for SMH.L.
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