IDTW.L vs. USPY.L
IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) and USPY.L (L&G Cyber Security UCITS ETF) are both Technology Equities funds - IDTW.L tracks the iShares MSCI Taiwan UCITS ETF USD (Dist) while USPY.L tracks the L&G Cyber Security UCITS ETF. Both are passively managed. Over the past 10 years, IDTW.L returned 20.33%/yr vs 17.27%/yr for USPY.L. At a 0.49 correlation, their price movements are largely independent. IDTW.L charges 0.74%/yr vs 0.69%/yr for USPY.L.
Performance
IDTW.L vs. USPY.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 higher than USPY.L's 47.19% return. Over the past 10 years, IDTW.L has outperformed USPY.L with an annualized return of 20.33%, while USPY.L has yielded a comparatively lower 17.27% annualized 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%
USPY.L
- 1D
- -0.15%
- 1M
- 11.40%
- 6M
- 50.30%
- YTD
- 47.19%
- 1Y
- 45.45%
- 3Y*
- 29.54%
- 5Y*
- 12.61%
- 10Y*
- 17.27%
IDTW.L vs. USPY.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% |
USPY.L L&G Cyber Security UCITS ETF | 47.19% | 7.58% | 17.82% | 42.25% | -32.63% | 7.68% | 42.21% | 29.64% | 8.27% | 24.08% |
Correlation
The correlation between IDTW.L and USPY.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.49 |
The correlation between IDTW.L and USPY.L shifts across timeframes, from 0.34 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDTW.L vs. USPY.L — Risk / Return Rank
IDTW.L
USPY.L
IDTW.L vs. USPY.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 Cyber Security UCITS ETF (USPY.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 | USPY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 7.24 | 2.57 | +4.68 |
| Martin ratioReturn relative to average drawdown | 19.11 | 6.67 | +12.44 |
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Drawdowns
IDTW.L vs. USPY.L - Drawdown Comparison
The maximum IDTW.L drawdown since its inception was -60.07%, which is greater than USPY.L's maximum drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for IDTW.L and USPY.L.
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Drawdown Indicators
| IDTW.L | USPY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -39.35% | -20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -18.08% | +6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -27.03% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -39.35% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -39.35% | -1.63% |
Current DrawdownCurrent decline from peak | -11.06% | -2.42% | -8.64% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -9.82% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 6.98% | -2.64% |
Volatility
IDTW.L vs. USPY.L - Volatility Comparison
iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) and L&G Cyber Security UCITS ETF (USPY.L) have volatilities of 11.69% and 11.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDTW.L | USPY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 11.34% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.41% | 25.24% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.97% | 28.22% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.91% | 26.09% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 23.56% | -1.18% |
IDTW.L vs. USPY.L - Expense Ratio Comparison
IDTW.L has a 0.74% expense ratio, which is higher than USPY.L's 0.69% expense ratio.
Dividends
IDTW.L vs. USPY.L - Dividend Comparison
IDTW.L's dividend yield for the trailing twelve months is around 0.96%, while USPY.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% |
USPY.L L&G Cyber Security 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 USPY.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USPY.L is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USPY.L is cheaper with a 0.69% expense ratio, compared with 0.74% for IDTW.L.
IDTW.L tracks iShares MSCI Taiwan UCITS ETF USD (Dist), while USPY.L tracks L&G Cyber Security UCITS ETF. They also come from different issuers: iShares and L&G. Their fees differ too: 0.74% for IDTW.L and 0.69% for USPY.L.
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