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IFFF.L vs. ITWN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFFF.L vs. ITWN.L

Last updated Jun 5, 2026

IFFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) and ITWN.L (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds from iShares - IFFF.L tracks the MSCI AC Asia Ex Japan NR USD while ITWN.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 10 years, IFFF.L returned 11.86%/yr vs 23.12%/yr for ITWN.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.74% expense ratio.

Performance

IFFF.L vs. ITWN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI AC Far East ex-Japan UCITS ETF (IFFF.L) and iShares MSCI Taiwan UCITS ETF (ITWN.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IFFF.L achieves a 37.38% return, which is significantly lower than ITWN.L's 67.93% return. Over the past 10 years, IFFF.L has underperformed ITWN.L with an annualized return of 11.86%, while ITWN.L has yielded a comparatively higher 23.12% annualized return.

IFFF.L

1D
-1.94%
1M
9.15%
YTD
37.38%
6M
39.78%
1Y
73.61%
3Y*
25.44%
5Y*
9.26%
10Y*
11.86%

ITWN.L

1D
-1.63%
1M
14.84%
YTD
67.93%
6M
73.48%
1Y
117.37%
3Y*
40.47%
5Y*
22.94%
10Y*
23.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFFF.L vs. ITWN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IFFF.L
iShares MSCI AC Far East ex-Japan UCITS ETF		37.38%30.76%13.56%-4.04%-12.39%-8.11%21.66%13.62%-10.17%28.81%
ITWN.L
iShares MSCI Taiwan UCITS ETF		67.93%22.61%25.77%21.84%-21.08%29.84%29.40%30.88%-3.90%16.56%

Correlation

The correlation between IFFF.L and ITWN.L is 0.80, 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

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2005

0.78

The correlation between IFFF.L and ITWN.L has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

IFFF.L vs. ITWN.L - Sectors Allocation Comparison

Sectors
IFFF.L
ITWN.L

Technology

49.8%
80.7%

Financial Services

15.3%
10.9%

Consumer Cyclical

9.7%
1.2%

Industrials

7.3%
2.4%

Communication Services

7.0%
1.4%

Basic Materials

2.5%
2.0%

Healthcare

2.2%
0.6%

Real Estate

1.7%

-

Consumer Defensive

1.7%
0.8%

Energy

1.4%

-

Utilities

1.4%

-

Technology

IFFF.L
49.8%
ITWN.L
80.7%

Financial Services

IFFF.L
15.3%
ITWN.L
10.9%

Consumer Cyclical

IFFF.L
9.7%
ITWN.L
1.2%

Industrials

IFFF.L
7.3%
ITWN.L
2.4%

Communication Services

IFFF.L
7.0%
ITWN.L
1.4%

Basic Materials

IFFF.L
2.5%
ITWN.L
2.0%

Healthcare

IFFF.L
2.2%
ITWN.L
0.6%

Real Estate

IFFF.L
1.7%
ITWN.L

-

Consumer Defensive

IFFF.L
1.7%
ITWN.L
0.8%

Energy

IFFF.L
1.4%
ITWN.L

-

Utilities

IFFF.L
1.4%
ITWN.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI AC Far East ex-Japan UCITS ETF

iShares MSCI Taiwan UCITS ETF

Often compared with IFFF.L:
IFFF.L vs. XDEW.DEIFFF.L vs. VOOIFFF.L vs. VFEA.DEIFFF.L vs. IKOR.LIFFF.L vs. ASDV.LIFFF.L vs. XKS2.LIFFF.L vs. CP9U.L
Often compared with ITWN.L:
ITWN.L vs. QQQITWN.L vs. SPINXITWN.L vs. TSMITWN.L vs. VTIITWN.L vs. VWCE.DEITWN.L vs. FLXT.DEITWN.L vs. FLIN

Return for Risk

IFFF.L vs. ITWN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IFFF.L
IFFF.L Risk / Return Rank: 9494
Overall Rank
IFFF.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IFFF.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
IFFF.L Omega Ratio Rank: 9494
Omega Ratio Rank
IFFF.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
IFFF.L Martin Ratio Rank: 9292
Martin Ratio Rank
ITWN.L
ITWN.L Risk / Return Rank: 9797
Overall Rank
ITWN.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
ITWN.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
ITWN.L Omega Ratio Rank: 9696
Omega Ratio Rank
ITWN.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
ITWN.L Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFFF.L vs. ITWN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI AC Far East ex-Japan UCITS ETF (IFFF.L) and iShares MSCI Taiwan UCITS ETF (ITWN.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.

IFFF.LITWN.LDifference
Sharpe ratioReturn per unit of total volatility
3.81
5.10

-1.29

Sortino ratioReturn per unit of downside risk
4.70
5.92

-1.22

Omega ratioGain probability vs. loss probability

1.67

1.81

-0.14

Calmar ratioReturn relative to maximum drawdown

7.09

12.46

-5.37

Martin ratioReturn relative to average drawdown

23.07

34.79

-11.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFFF.L vs. ITWN.L - Sharpe Ratio Comparison

The current IFFF.L Sharpe Ratio is 3.81, which is comparable to the ITWN.L Sharpe Ratio of 5.10. The chart below compares the historical Sharpe Ratios of IFFF.L and ITWN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IFFF.LITWN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.81

5.10

-1.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

1.10

-0.62

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

1.17

-0.55

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.64

-0.18

Drawdowns

IFFF.L vs. ITWN.L - Drawdown Comparison

The maximum IFFF.L drawdown since its inception was -53.09%, which is greater than ITWN.L's maximum drawdown of -48.27%. Use the drawdown chart below to compare losses from any high point for IFFF.L and ITWN.L.

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Drawdown Indicators

IFFF.LITWN.LDifference

Max Drawdown

Largest peak-to-trough decline

-53.09%

-48.27%

-4.82%

Max Drawdown (1Y)

Largest decline over 1 year

-10.33%

-9.36%

-0.97%

Max Drawdown (3Y)

Largest decline over 3 years

-19.69%

-29.32%

+9.63%

Max Drawdown (5Y)

Largest decline over 5 years

-34.37%

-30.07%

-4.30%

Max Drawdown (10Y)

Largest decline over 10 years

-39.63%

-30.07%

-9.56%

Current Drawdown

Current decline from peak

-2.83%

-1.80%

-1.03%

Average Drawdown

Average peak-to-trough decline

-12.36%

-9.18%

-3.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

3.36%

-0.18%

Volatility

IFFF.L vs. ITWN.L - Volatility Comparison

The current volatility for iShares MSCI AC Far East ex-Japan UCITS ETF (IFFF.L) is 8.45%, while iShares MSCI Taiwan UCITS ETF (ITWN.L) has a volatility of 9.68%. This indicates that IFFF.L experiences smaller price fluctuations and is considered to be less risky than ITWN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IFFF.LITWN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.45%

9.68%

-1.23%

Volatility (6M)

Calculated over the trailing 6-month period

16.02%

18.60%

-2.58%

Volatility (1Y)

Calculated over the trailing 1-year period

19.26%

22.88%

-3.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.16%

20.77%

-1.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.08%

20.55%

-1.47%

IFFF.L vs. ITWN.L - Expense Ratio Comparison

Both IFFF.L and ITWN.L have an expense ratio of 0.74%.

Dividends

IFFF.L vs. ITWN.L - Dividend Comparison

IFFF.L's dividend yield for the trailing twelve months is around 1.06%, more than ITWN.L's 0.89% yield.

PositionTTM20252024202320222021202020192018201720162015
IFFF.L
iShares MSCI AC Far East ex-Japan UCITS ETF		1.06%1.45%1.80%1.88%2.10%1.36%1.19%1.75%1.98%1.54%1.77%2.22%
ITWN.L
iShares MSCI Taiwan UCITS ETF		0.89%1.50%1.37%2.14%3.54%1.33%1.83%2.28%2.72%2.74%2.86%3.23%

Frequently Asked Questions

IFFF.L and ITWN.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.74% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IFFF.L and ITWN.L have the same expense ratio: 0.74% per year.

IFFF.L tracks MSCI AC Asia Ex Japan NR USD, while ITWN.L tracks MSCI Taiwan NR USD.

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