ITWN.L vs. FLXT.DE
ITWN.L (iShares MSCI Taiwan UCITS ETF) and FLXT.DE (Franklin FTSE Taiwan UCITS ETF USD Capitalisation) are both Asia Pacific Equities funds - ITWN.L tracks the MSCI Taiwan NR USD while FLXT.DE tracks the FTSE Taiwan 30/18 Capped. Both are passively managed. Over the past 3 years, ITWN.L returned 41.33%/yr vs 42.07%/yr for FLXT.DE. Their correlation of 0.94 suggests significant overlap in exposure. ITWN.L charges 0.74%/yr vs 0.19%/yr for FLXT.DE.
Performance
ITWN.L vs. FLXT.DE - Performance Comparison
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Different Trading Currencies
ITWN.L is traded in GBp, while FLXT.DE is traded in EUR. To make them comparable, the FLXT.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ITWN.L having a 70.71% return and FLXT.DE slightly higher at 70.81%.
ITWN.L
- 1D
- -0.17%
- 1M
- 20.69%
- YTD
- 70.71%
- 6M
- 75.80%
- 1Y
- 123.34%
- 3Y*
- 41.33%
- 5Y*
- 23.35%
- 10Y*
- 23.32%
FLXT.DE
- 1D
- -0.15%
- 1M
- 20.27%
- YTD
- 70.81%
- 6M
- 75.78%
- 1Y
- 127.06%
- 3Y*
- 42.07%
- 5Y*
- —
- 10Y*
- —
ITWN.L vs. FLXT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ITWN.L iShares MSCI Taiwan UCITS ETF | 70.71% | 22.61% | 25.77% | 21.84% | -16.78% |
FLXT.DE Franklin FTSE Taiwan UCITS ETF USD Capitalisation | 70.81% | 26.13% | 24.74% | 23.05% | -17.34% |
Correlation
The correlation between ITWN.L and FLXT.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2022 | 0.94 |
The correlation between ITWN.L and FLXT.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
ITWN.L vs. FLXT.DE — Risk / Return Rank
ITWN.L
FLXT.DE
ITWN.L vs. FLXT.DE - 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 UCITS ETF USD Capitalisation (FLXT.DE). 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.L | FLXT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.90 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 13.10 | 14.23 | -1.13 |
| Martin ratioReturn relative to average drawdown | 36.58 | 41.26 | -4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ITWN.L | FLXT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.38 | 5.66 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.24 | -0.60 |
Drawdowns
ITWN.L vs. FLXT.DE - Drawdown Comparison
The maximum ITWN.L drawdown since its inception was -48.27%, which is greater than FLXT.DE's maximum drawdown of -30.01%. Use the drawdown chart below to compare losses from any high point for ITWN.L and FLXT.DE.
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Drawdown Indicators
| ITWN.L | FLXT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.27% | -30.01% | -18.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -8.88% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -29.32% | -30.01% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.15% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -6.93% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.07% | +0.29% |
Volatility
ITWN.L vs. FLXT.DE - Volatility Comparison
iShares MSCI Taiwan UCITS ETF (ITWN.L) has a higher volatility of 9.71% compared to Franklin FTSE Taiwan UCITS ETF USD Capitalisation (FLXT.DE) at 9.22%. This indicates that ITWN.L's price experiences larger fluctuations and is considered to be riskier than FLXT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITWN.L | FLXT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.71% | 9.22% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 17.93% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.83% | 22.32% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 21.52% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 21.52% | -0.97% |
ITWN.L vs. FLXT.DE - Expense Ratio Comparison
ITWN.L has a 0.74% expense ratio, which is higher than FLXT.DE's 0.19% expense ratio.
Dividends
ITWN.L vs. FLXT.DE - Dividend Comparison
ITWN.L's dividend yield for the trailing twelve months is around 0.88%, while FLXT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXT.DE Franklin FTSE Taiwan UCITS ETF USD Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITWN.L iShares MSCI Taiwan UCITS ETF | 0.88% | 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
With a correlation of 0.94, ITWN.L and FLXT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FLXT.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXT.DE is cheaper with a 0.19% expense ratio, compared with 0.74% for ITWN.L.
ITWN.L tracks MSCI Taiwan NR USD, while FLXT.DE tracks FTSE Taiwan 30/18 Capped. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.74% for ITWN.L and 0.19% for FLXT.DE.
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