ISDE.L vs. HTWD.L
ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - ISDE.L tracks the MSCI Emerging Markets Islamic Index while HTWD.L tracks the MSCI Taiwan Capped Index. Both are passively managed. Over the past 10 years, ISDE.L returned 10.80%/yr vs 20.23%/yr for HTWD.L. A 0.79 correlation means they provide meaningful diversification when combined. ISDE.L charges 0.85%/yr vs 0.50%/yr for HTWD.L.
Performance
ISDE.L vs. HTWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISDE.L achieves a 38.21% return, which is significantly lower than HTWD.L's 51.61% return. Over the past 10 years, ISDE.L has underperformed HTWD.L with an annualized return of 10.80%, while HTWD.L has yielded a comparatively higher 20.23% annualized return.
ISDE.L
- 1D
- -2.17%
- 1M
- -15.35%
- 6M
- 28.14%
- YTD
- 38.21%
- 1Y
- 66.38%
- 3Y*
- 23.97%
- 5Y*
- 9.96%
- 10Y*
- 10.80%
HTWD.L
- 1D
- -4.13%
- 1M
- -10.54%
- 6M
- 42.37%
- YTD
- 51.61%
- 1Y
- 73.67%
- 3Y*
- 38.33%
- 5Y*
- 19.33%
- 10Y*
- 20.23%
ISDE.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 38.21% | 39.00% | -3.54% | 14.04% | -22.75% | 2.66% | 22.18% | 19.37% | -17.23% | 41.70% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 51.61% | 32.26% | 25.40% | 28.98% | -29.41% | 27.78% | 36.62% | 33.56% | -8.71% | 27.16% |
Correlation
The correlation between ISDE.L and HTWD.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.79 |
The correlation between ISDE.L and HTWD.L has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
ISDE.L vs. HTWD.L — Risk / Return Rank
ISDE.L
HTWD.L
ISDE.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) and HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (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.
| ISDE.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 5.31 | -1.75 |
| Martin ratioReturn relative to average drawdown | 12.95 | 17.31 | -4.36 |
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Drawdowns
ISDE.L vs. HTWD.L - Drawdown Comparison
The maximum ISDE.L drawdown since its inception was -65.53%, 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 ISDE.L and HTWD.L.
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Drawdown Indicators
| ISDE.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.53% | -41.06% | -24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -18.56% | -13.80% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -28.22% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -32.16% | -41.06% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -36.64% | -41.06% | +4.42% |
Current DrawdownCurrent decline from peak | -18.56% | -13.80% | -4.76% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -9.66% | -13.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 4.24% | +0.87% |
Volatility
ISDE.L vs. HTWD.L - Volatility Comparison
iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a higher volatility of 14.06% compared to HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) at 11.37%. This indicates that ISDE.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
| ISDE.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.06% | 11.37% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 27.81% | 24.13% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.85% | 27.64% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.61% | 23.64% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 21.67% | -1.31% |
ISDE.L vs. HTWD.L - Expense Ratio Comparison
ISDE.L has a 0.85% expense ratio, which is higher than HTWD.L's 0.50% expense ratio.
Dividends
ISDE.L vs. HTWD.L - Dividend Comparison
ISDE.L's dividend yield for the trailing twelve months is around 1.25%, more than HTWD.L's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 1.08% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 1.25% | 1.06% | 2.51% | 2.77% | 2.10% | 1.79% | 0.98% | 1.55% | 1.64% | 1.02% | 1.07% | 2.32% |
Frequently Asked Questions
ISDE.L and HTWD.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.85% for ISDE.L.
ISDE.L tracks MSCI Emerging Markets Islamic Index, while HTWD.L tracks MSCI Taiwan Capped Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.85% for ISDE.L and 0.50% for HTWD.L.
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