ITWN.L vs. SPINX
ITWN.L (iShares MSCI Taiwan UCITS ETF) and SPINX (SEI Institutional Investments Trust S&P 500 Index Fund) are both funds - ITWN.L is a Asia Pacific Equities fund tracking the MSCI Taiwan NR USD, while SPINX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ITWN.L returned 23.32%/yr vs 16.39%/yr for SPINX. At a 0.41 correlation, their price movements are largely independent. ITWN.L charges 0.74%/yr vs 0.12%/yr for SPINX.
Performance
ITWN.L vs. SPINX - Performance Comparison
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Different Trading Currencies
ITWN.L is traded in GBp, while SPINX is traded in USD. To make them comparable, the SPINX 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 70.71% return, which is significantly higher than SPINX's 11.81% return. Over the past 10 years, ITWN.L has outperformed SPINX with an annualized return of 23.32%, while SPINX has yielded a comparatively lower 16.39% annualized return.
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%
SPINX
- 1D
- 0.11%
- 1M
- 6.40%
- YTD
- 11.81%
- 6M
- 10.96%
- 1Y
- 29.61%
- 3Y*
- 19.30%
- 5Y*
- 15.11%
- 10Y*
- 16.39%
ITWN.L vs. SPINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITWN.L iShares MSCI Taiwan UCITS ETF | 70.71% | 22.61% | 25.77% | 21.84% | -21.08% | 29.84% | 29.40% | 30.88% | -3.90% | 16.56% |
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 11.81% | 9.49% | 26.18% | 19.93% | -8.56% | 29.84% | 14.87% | 26.42% | 1.20% | 11.21% |
Correlation
The correlation between ITWN.L and SPINX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2013 | 0.41 |
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Return for Risk
ITWN.L vs. SPINX — Risk / Return Rank
ITWN.L
SPINX
ITWN.L vs. SPINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan UCITS ETF (ITWN.L) and SEI Institutional Investments Trust S&P 500 Index Fund (SPINX). 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 | SPINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.50 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 13.10 | 4.11 | +8.99 |
| Martin ratioReturn relative to average drawdown | 36.58 | 15.95 | +20.62 |
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 | SPINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.38 | 2.66 | +2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.69 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 0.78 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.79 | -0.14 |
Drawdowns
ITWN.L vs. SPINX - Drawdown Comparison
The maximum ITWN.L drawdown since its inception was -48.27%, which is greater than SPINX's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for ITWN.L and SPINX.
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Drawdown Indicators
| ITWN.L | SPINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.27% | -34.75% | -13.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -7.49% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -29.32% | -34.75% | +5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -34.75% | +4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -34.75% | +4.68% |
Current DrawdownCurrent decline from peak | -0.17% | -2.94% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -4.94% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.92% | +1.44% |
Volatility
ITWN.L vs. SPINX - Volatility Comparison
iShares MSCI Taiwan UCITS ETF (ITWN.L) has a higher volatility of 9.71% compared to SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) at 2.69%. This indicates that ITWN.L's price experiences larger fluctuations and is considered to be riskier than SPINX 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 | SPINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.71% | 2.69% | +7.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 8.24% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.83% | 11.58% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 22.00% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 21.22% | -0.67% |
ITWN.L vs. SPINX - Expense Ratio Comparison
ITWN.L has a 0.74% expense ratio, which is higher than SPINX's 0.12% expense ratio.
Dividends
ITWN.L vs. SPINX - Dividend Comparison
ITWN.L's dividend yield for the trailing twelve months is around 0.88%, less than SPINX's 10.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 10.67% | 11.90% | 26.02% | 9.77% | 9.59% | 6.58% | 3.58% | 3.01% | 4.94% | 2.32% | 1.97% | 2.29% |
Frequently Asked Questions
ITWN.L and SPINX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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