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ITWN.L vs. XKS2.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ITWN.L vs. XKS2.L

Last updated Jun 5, 2026

ITWN.L (iShares MSCI Taiwan UCITS ETF) and XKS2.L (Xtrackers MSCI Korea UCITS ETF 1C) are both Asia Pacific Equities funds - ITWN.L tracks the MSCI Taiwan NR USD while XKS2.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 10 years, ITWN.L returned 23.12%/yr vs 17.87%/yr for XKS2.L. A 0.60 correlation means they provide meaningful diversification when combined. ITWN.L charges 0.74%/yr vs 0.65%/yr for XKS2.L.

Performance

ITWN.L vs. XKS2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Taiwan UCITS ETF (ITWN.L) and Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ITWN.L achieves a 67.93% return, which is significantly lower than XKS2.L's 107.22% return. Over the past 10 years, ITWN.L has outperformed XKS2.L with an annualized return of 23.12%, while XKS2.L has yielded a comparatively lower 17.87% 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%

XKS2.L

1D
-4.89%
1M
17.08%
YTD
107.22%
6M
125.61%
1Y
237.24%
3Y*
45.20%
5Y*
19.87%
10Y*
17.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITWN.L vs. XKS2.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%
XKS2.L
Xtrackers MSCI Korea UCITS ETF 1C		107.22%85.79%-21.66%13.44%-19.57%-7.21%38.65%7.36%-16.54%32.58%

Correlation

The correlation between ITWN.L and XKS2.L is 0.64, 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

0.64

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

0.62

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

0.63

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

0.67

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2007

0.60

The correlation between ITWN.L and XKS2.L has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

ITWN.L vs. XKS2.L - Sectors Allocation Comparison

Sectors
ITWN.L
XKS2.L

Technology

80.7%
56.0%

Financial Services

10.9%
9.2%

Industrials

2.4%
18.7%

Basic Materials

2.0%
2.0%

Communication Services

1.4%
2.6%

Consumer Cyclical

1.2%
5.7%

Consumer Defensive

0.8%
1.4%

Healthcare

0.6%
3.0%

Energy

-

1.1%

Real Estate

-

-

Utilities

-

0.4%

Technology

ITWN.L
80.7%
XKS2.L
56.0%

Financial Services

ITWN.L
10.9%
XKS2.L
9.2%

Industrials

ITWN.L
2.4%
XKS2.L
18.7%

Basic Materials

ITWN.L
2.0%
XKS2.L
2.0%

Communication Services

ITWN.L
1.4%
XKS2.L
2.6%

Consumer Cyclical

ITWN.L
1.2%
XKS2.L
5.7%

Consumer Defensive

ITWN.L
0.8%
XKS2.L
1.4%

Healthcare

ITWN.L
0.6%
XKS2.L
3.0%

Energy

ITWN.L

-

XKS2.L
1.1%

Real Estate

ITWN.L

-

XKS2.L

-

Utilities

ITWN.L

-

XKS2.L
0.4%

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

Xtrackers MSCI Korea UCITS ETF 1C

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 XKS2.L:
XKS2.L vs. LDAG.LXKS2.L vs. HMXD.LXKS2.L vs. AUAD.LXKS2.L vs. UB20.LXKS2.L vs. APEX.LXKS2.L vs. FLRK.LXKS2.L vs. PADV.L

Return for Risk

ITWN.L vs. XKS2.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
XKS2.L
XKS2.L Risk / Return Rank: 9797
Overall Rank
XKS2.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
XKS2.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
XKS2.L Omega Ratio Rank: 9797
Omega Ratio Rank
XKS2.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
XKS2.L Martin Ratio Rank: 9797
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. XKS2.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan UCITS ETF (ITWN.L) and Xtrackers MSCI Korea UCITS ETF 1C (XKS2.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.LXKS2.LDifference
Sharpe ratioReturn per unit of total volatility
5.10
6.41

-1.31

Sortino ratioReturn per unit of downside risk
5.92
5.85

+0.07

Omega ratioGain probability vs. loss probability

1.81

1.85

-0.04

Calmar ratioReturn relative to maximum drawdown

12.46

11.05

+1.42

Martin ratioReturn relative to average drawdown

34.79

39.18

-4.39

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. XKS2.L - Sharpe Ratio Comparison

The current ITWN.L Sharpe Ratio is 5.10, which is comparable to the XKS2.L Sharpe Ratio of 6.41. The chart below compares the historical Sharpe Ratios of ITWN.L and XKS2.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.LXKS2.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.10

6.41

-1.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

0.79

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.17

0.73

+0.44

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.38

+0.26

Drawdowns

ITWN.L vs. XKS2.L - Drawdown Comparison

The maximum ITWN.L drawdown since its inception was -48.27%, smaller than the maximum XKS2.L drawdown of -62.63%. Use the drawdown chart below to compare losses from any high point for ITWN.L and XKS2.L.

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Drawdown Indicators

ITWN.LXKS2.LDifference

Max Drawdown

Largest peak-to-trough decline

-48.27%

-62.63%

+14.36%

Max Drawdown (1Y)

Largest decline over 1 year

-9.36%

-21.33%

+11.97%

Max Drawdown (3Y)

Largest decline over 3 years

-29.32%

-28.70%

-0.62%

Max Drawdown (5Y)

Largest decline over 5 years

-30.07%

-40.70%

+10.63%

Max Drawdown (10Y)

Largest decline over 10 years

-30.07%

-44.01%

+13.94%

Current Drawdown

Current decline from peak

-1.80%

-5.27%

+3.47%

Average Drawdown

Average peak-to-trough decline

-9.18%

-15.75%

+6.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

6.03%

-2.67%

Volatility

ITWN.L vs. XKS2.L - Volatility Comparison

The current volatility for iShares MSCI Taiwan UCITS ETF (ITWN.L) is 9.68%, while Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) has a volatility of 17.29%. This indicates that ITWN.L experiences smaller price fluctuations and is considered to be less risky than XKS2.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.LXKS2.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.68%

17.29%

-7.61%

Volatility (6M)

Calculated over the trailing 6-month period

18.60%

32.10%

-13.50%

Volatility (1Y)

Calculated over the trailing 1-year period

22.88%

36.79%

-13.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.77%

25.17%

-4.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.55%

24.35%

-3.80%

ITWN.L vs. XKS2.L - Expense Ratio Comparison

ITWN.L has a 0.74% expense ratio, which is higher than XKS2.L's 0.65% expense ratio.

Dividends

ITWN.L vs. XKS2.L - Dividend Comparison

ITWN.L's dividend yield for the trailing twelve months is around 0.89%, while XKS2.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%
XKS2.L
Xtrackers MSCI Korea UCITS ETF 1C		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 XKS2.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XKS2.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XKS2.L is cheaper with a 0.65% expense ratio, compared with 0.74% for ITWN.L.

ITWN.L tracks MSCI Taiwan NR USD, while XKS2.L tracks MSCI Korea NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.74% for ITWN.L and 0.65% for XKS2.L.

Portfolio Optimizer

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