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

ITWN.L vs. IWDA.L

Last updated Jun 5, 2026

ITWN.L (iShares MSCI Taiwan UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - ITWN.L is a Asia Pacific Equities fund tracking the MSCI Taiwan NR USD, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, ITWN.L returned 23.12%/yr vs 13.89%/yr for IWDA.L. A 0.53 correlation means they provide meaningful diversification when combined. ITWN.L charges 0.74%/yr vs 0.20%/yr for IWDA.L.

Performance

ITWN.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Taiwan UCITS ETF (ITWN.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). 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 IWDA.L is traded in USD. To make them comparable, the IWDA.L 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 higher than IWDA.L's 10.12% return. Over the past 10 years, ITWN.L has outperformed IWDA.L with an annualized return of 23.12%, while IWDA.L has yielded a comparatively lower 13.89% annualized 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%

IWDA.L

1D
0.00%
1M
4.88%
YTD
10.12%
6M
10.06%
1Y
27.03%
3Y*
17.69%
5Y*
13.03%
10Y*
13.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITWN.L vs. IWDA.L - 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%16.56%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.28%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%-3.62%12.15%

Correlation

The correlation between ITWN.L and IWDA.L is 0.57, 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

0.57

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

0.58

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

0.54

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

0.56

Correlation (All Time)
Calculated using the full available price history since Jun 2, 2010

0.53

The correlation between ITWN.L and IWDA.L has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.

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

Sectors
ITWN.L
IWDA.L

Technology

80.7%
32.9%

Financial Services

10.9%
14.9%

Industrials

2.4%
9.7%

Basic Materials

2.0%
2.8%

Communication Services

1.4%
9.3%

Consumer Cyclical

1.2%
8.8%

Consumer Defensive

0.8%
4.8%

Healthcare

0.6%
8.6%

Energy

-

3.9%

Real Estate

-

1.2%

Utilities

-

2.4%

Technology

ITWN.L
80.7%
IWDA.L
32.9%

Financial Services

ITWN.L
10.9%
IWDA.L
14.9%

Industrials

ITWN.L
2.4%
IWDA.L
9.7%

Basic Materials

ITWN.L
2.0%
IWDA.L
2.8%

Communication Services

ITWN.L
1.4%
IWDA.L
9.3%

Consumer Cyclical

ITWN.L
1.2%
IWDA.L
8.8%

Consumer Defensive

ITWN.L
0.8%
IWDA.L
4.8%

Healthcare

ITWN.L
0.6%
IWDA.L
8.6%

Energy

ITWN.L

-

IWDA.L
3.9%

Real Estate

ITWN.L

-

IWDA.L
1.2%

Utilities

ITWN.L

-

IWDA.L
2.4%

Compare stocks, funds, or ETFs

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iShares MSCI Taiwan UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

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 IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

ITWN.L vs. IWDA.L — 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
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
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. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan UCITS ETF (ITWN.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

ITWN.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
5.10
2.32

+2.79

Sortino ratioReturn per unit of downside risk
5.92
3.22

+2.69

Omega ratioGain probability vs. loss probability

1.81

1.43

+0.38

Calmar ratioReturn relative to maximum drawdown

12.46

4.22

+8.24

Martin ratioReturn relative to average drawdown

34.79

15.90

+18.89

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. IWDA.L - Sharpe Ratio Comparison

The current ITWN.L Sharpe Ratio is 5.10, which is higher than the IWDA.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of ITWN.L and IWDA.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

ITWN.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.10

2.32

+2.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

0.90

+0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.17

0.89

+0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.86

-0.22

Drawdowns

ITWN.L vs. IWDA.L - Drawdown Comparison

The maximum ITWN.L drawdown since its inception was -48.27%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for ITWN.L and IWDA.L.

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Drawdown Indicators

ITWN.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-48.27%

-26.18%

-22.09%

Max Drawdown (1Y)

Largest decline over 1 year

-9.36%

-6.37%

-2.99%

Max Drawdown (3Y)

Largest decline over 3 years

-29.32%

-18.91%

-10.41%

Max Drawdown (5Y)

Largest decline over 5 years

-30.07%

-18.91%

-11.16%

Max Drawdown (10Y)

Largest decline over 10 years

-30.07%

-26.18%

-3.89%

Current Drawdown

Current decline from peak

-1.80%

-0.27%

-1.53%

Average Drawdown

Average peak-to-trough decline

-9.18%

-3.39%

-5.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

1.70%

+1.66%

Volatility

ITWN.L vs. IWDA.L - Volatility Comparison

iShares MSCI Taiwan UCITS ETF (ITWN.L) has a higher volatility of 9.68% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.47%. This indicates that ITWN.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ITWN.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.68%

3.47%

+6.21%

Volatility (6M)

Calculated over the trailing 6-month period

18.60%

8.85%

+9.75%

Volatility (1Y)

Calculated over the trailing 1-year period

22.88%

11.62%

+11.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.77%

14.49%

+6.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.55%

15.51%

+5.04%

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

ITWN.L has a 0.74% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.

Dividends

ITWN.L vs. IWDA.L - Dividend Comparison

ITWN.L's dividend yield for the trailing twelve months is around 0.89%, while IWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		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

ITWN.L and IWDA.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.74% for ITWN.L.

ITWN.L is categorized as Asia Pacific Equities, while IWDA.L is Global Equities. ITWN.L tracks MSCI Taiwan NR USD, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.74% for ITWN.L and 0.20% for IWDA.L.

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