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

ITWN.L vs. FLTW

Last updated Jun 5, 2026

ITWN.L (iShares MSCI Taiwan UCITS ETF) and FLTW (Franklin FTSE Taiwan ETF) are both Asia Pacific Equities funds - ITWN.L tracks the MSCI Taiwan NR USD while FLTW tracks the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, ITWN.L returned 22.94%/yr vs 22.91%/yr for FLTW. A 0.75 correlation means they provide meaningful diversification when combined. ITWN.L charges 0.74%/yr vs 0.19%/yr for FLTW.

Performance

ITWN.L vs. FLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Taiwan UCITS ETF (ITWN.L) and Franklin FTSE Taiwan ETF (FLTW). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ITWN.L is traded in GBp, while FLTW is traded in USD. To make them comparable, the FLTW values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ITWN.L achieves a 67.93% return, which is significantly lower than FLTW's 72.10% return.

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%

FLTW

1D
-1.02%
1M
17.58%
YTD
72.10%
6M
76.12%
1Y
119.43%
3Y*
39.24%
5Y*
22.91%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITWN.L vs. FLTW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%-4.38%
FLTW
Franklin FTSE Taiwan ETF		72.10%22.59%18.72%23.55%-18.89%30.68%25.96%26.23%-3.94%-3.73%

Correlation

The correlation between ITWN.L and FLTW is 0.81, 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

0.81

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

0.80

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

0.80

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.75

The correlation between ITWN.L and FLTW has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

ITWN.L vs. FLTW - Sectors Allocation Comparison

Sectors
ITWN.L
FLTW

Technology

80.7%
75.6%

Financial Services

10.9%
12.6%

Industrials

2.4%
4.0%

Basic Materials

2.0%
2.9%

Communication Services

1.4%
1.6%

Consumer Cyclical

1.2%
1.7%

Consumer Defensive

0.8%
0.9%

Healthcare

0.6%
0.6%

Energy

-

0.1%

Real Estate

-

-

Utilities

-

-

Technology

ITWN.L
80.7%
FLTW
75.6%

Financial Services

ITWN.L
10.9%
FLTW
12.6%

Industrials

ITWN.L
2.4%
FLTW
4.0%

Basic Materials

ITWN.L
2.0%
FLTW
2.9%

Communication Services

ITWN.L
1.4%
FLTW
1.6%

Consumer Cyclical

ITWN.L
1.2%
FLTW
1.7%

Consumer Defensive

ITWN.L
0.8%
FLTW
0.9%

Healthcare

ITWN.L
0.6%
FLTW
0.6%

Energy

ITWN.L

-

FLTW
0.1%

Real Estate

ITWN.L

-

FLTW

-

Utilities

ITWN.L

-

FLTW

-

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 Taiwan UCITS ETF

Franklin FTSE Taiwan ETF

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
Often compared with FLTW:
FLTW vs. EWTFLTW vs. VOOFLTW vs. FLGRFLTW vs. EMMFFLTW vs. SCHDFLTW vs. VXUSFLTW vs. FOXA

Return for Risk

ITWN.L vs. FLTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
FLTW
FLTW Risk / Return Rank: 9696
Overall Rank
FLTW Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FLTW Sortino Ratio Rank: 9595
Sortino Ratio Rank
FLTW Omega Ratio Rank: 9595
Omega Ratio Rank
FLTW Calmar Ratio Rank: 9797
Calmar Ratio Rank
FLTW 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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan UCITS ETF (ITWN.L) and Franklin FTSE Taiwan ETF (FLTW). 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.

ITWN.LFLTWDifference
Sharpe ratioReturn per unit of total volatility
5.10
4.99

+0.12

Sortino ratioReturn per unit of downside risk
5.92
5.52

+0.40

Omega ratioGain probability vs. loss probability

1.81

1.81

0.00

Calmar ratioReturn relative to maximum drawdown

12.46

14.29

-1.83

Martin ratioReturn relative to average drawdown

34.79

38.87

-4.08

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

ITWN.L vs. FLTW - Sharpe Ratio Comparison

The current ITWN.L Sharpe Ratio is 5.10, which is comparable to the FLTW Sharpe Ratio of 4.99. The chart below compares the historical Sharpe Ratios of ITWN.L and FLTW, 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

ITWN.LFLTWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.10

4.99

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

1.12

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.17

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.99

-0.34

Drawdowns

ITWN.L vs. FLTW - Drawdown Comparison

The maximum ITWN.L drawdown since its inception was -48.27%, which is greater than FLTW's maximum drawdown of -27.33%. Use the drawdown chart below to compare losses from any high point for ITWN.L and FLTW.

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Drawdown Indicators

ITWN.LFLTWDifference

Max Drawdown

Largest peak-to-trough decline

-48.27%

-27.33%

-20.94%

Max Drawdown (1Y)

Largest decline over 1 year

-9.36%

-8.40%

-0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-29.32%

-26.56%

-2.76%

Max Drawdown (5Y)

Largest decline over 5 years

-30.07%

-27.33%

-2.74%

Max Drawdown (10Y)

Largest decline over 10 years

-30.07%

—

—

Current Drawdown

Current decline from peak

-1.80%

-1.02%

-0.78%

Average Drawdown

Average peak-to-trough decline

-9.18%

-5.96%

-3.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

3.08%

+0.28%

Volatility

ITWN.L vs. FLTW - Volatility Comparison

The current volatility for iShares MSCI Taiwan UCITS ETF (ITWN.L) is 9.68%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 11.09%. This indicates that ITWN.L experiences smaller price fluctuations and is considered to be less risky than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ITWN.LFLTWDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.68%

11.09%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

18.60%

19.51%

-0.91%

Volatility (1Y)

Calculated over the trailing 1-year period

22.88%

24.10%

-1.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.77%

20.51%

+0.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.55%

20.60%

-0.05%

ITWN.L vs. FLTW - Expense Ratio Comparison

ITWN.L has a 0.74% expense ratio, which is higher than FLTW's 0.19% expense ratio.

Dividends

ITWN.L vs. FLTW - Dividend Comparison

ITWN.L's dividend yield for the trailing twelve months is around 0.89%, less than FLTW's 1.46% yield.

PositionTTM20252024202320222021202020192018201720162015
FLTW
Franklin FTSE Taiwan ETF		1.46%2.51%1.89%2.85%3.16%2.31%2.14%3.00%1.06%0.00%0.00%0.00%
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

ITWN.L and FLTW have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FLTW is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FLTW is cheaper with a 0.19% expense ratio, compared with 0.74% for ITWN.L.

ITWN.L tracks MSCI Taiwan NR USD, while FLTW tracks FTSE Taiwan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.74% for ITWN.L and 0.19% for FLTW.

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