ITEC.L vs. IDTW.L
ITEC.L (SPDR® MSCI Europe Technology UCITS ETF) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both Technology Equities funds - ITEC.L tracks the MSCI World/Information Tech NR USD while IDTW.L tracks the MSCI Taiwan 20/35 Index (Net) (USD). Both are passively managed. Over the past 10 years, ITEC.L returned 14.40%/yr vs 19.47%/yr for IDTW.L. A 0.59 correlation means they provide meaningful diversification when combined. ITEC.L charges 0.18%/yr vs 0.74%/yr for IDTW.L.
Performance
ITEC.L vs. IDTW.L - Performance Comparison
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Different Trading Currencies
ITEC.L is traded in EUR, while IDTW.L is traded in USD. To make them comparable, the IDTW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITEC.L achieves a 31.11% return, which is significantly lower than IDTW.L's 55.85% return. Over the past 10 years, ITEC.L has underperformed IDTW.L with an annualized return of 14.40%, while IDTW.L has yielded a comparatively higher 19.47% annualized return.
ITEC.L
- 1D
- -2.33%
- 1M
- -11.93%
- 6M
- 16.91%
- YTD
- 31.11%
- 1Y
- 39.25%
- 3Y*
- 18.68%
- 5Y*
- 10.77%
- 10Y*
- 14.40%
IDTW.L
- 1D
- -3.95%
- 1M
- -10.08%
- 6M
- 44.72%
- YTD
- 55.85%
- 1Y
- 75.72%
- 3Y*
- 36.84%
- 5Y*
- 19.59%
- 10Y*
- 19.47%
ITEC.L vs. IDTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 31.11% | 9.68% | 8.54% | 34.98% | -28.18% | 35.96% | 14.04% | 36.65% | -7.09% | 19.92% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 55.85% | 16.14% | 31.77% | 24.98% | -25.18% | 38.12% | 23.27% | 37.48% | -4.85% | 12.32% |
Correlation
The correlation between ITEC.L and IDTW.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014 | 0.59 |
The correlation between ITEC.L and IDTW.L has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
ITEC.L vs. IDTW.L — Risk / Return Rank
ITEC.L
IDTW.L
ITEC.L vs. IDTW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) and iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.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.
| ITEC.L | IDTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.45 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 5.17 | -2.20 |
| Martin ratioReturn relative to average drawdown | 8.32 | 18.74 | -10.42 |
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Drawdowns
ITEC.L vs. IDTW.L - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, smaller than the maximum IDTW.L drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for ITEC.L and IDTW.L.
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Drawdown Indicators
| ITEC.L | IDTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -55.44% | +16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -14.56% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -26.94% | -30.87% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -32.38% | -6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -38.49% | -32.38% | -6.11% |
Current DrawdownCurrent decline from peak | -13.16% | -14.56% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -11.55% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.03% | +0.62% |
Volatility
ITEC.L vs. IDTW.L - Volatility Comparison
The current volatility for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) is 10.39%, while iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a volatility of 11.73%. This indicates that ITEC.L experiences smaller price fluctuations and is considered to be less risky than IDTW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITEC.L | IDTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 11.73% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 22.62% | 23.84% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 27.66% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 22.92% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.13% | 21.97% | +2.16% |
ITEC.L vs. IDTW.L - Expense Ratio Comparison
ITEC.L has a 0.18% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.
Dividends
ITEC.L vs. IDTW.L - Dividend Comparison
ITEC.L has not paid dividends to shareholders, while IDTW.L's dividend yield for the trailing twelve months is around 0.99%.
| 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% |
ITEC.L SPDR® MSCI Europe Technology 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
ITEC.L and IDTW.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITEC.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITEC.L is cheaper with a 0.18% expense ratio, compared with 0.74% for IDTW.L.
ITEC.L tracks MSCI World/Information Tech NR USD, while IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD). They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for ITEC.L and 0.74% for IDTW.L.
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