LDAG.L vs. ITWN.L

Last updated Jun 26, 2026

LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) and ITWN.L (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds - LDAG.L tracks the MSCI AC Asia Pac Ex JPN NR USD while ITWN.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 5 years, LDAG.L returned 9.22%/yr vs 22.74%/yr for ITWN.L. A 0.56 correlation means they provide meaningful diversification when combined. LDAG.L charges 0.40%/yr vs 0.74%/yr for ITWN.L.

Performance

LDAG.L vs. ITWN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) and iShares MSCI Taiwan UCITS ETF (ITWN.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDAG.L achieves a 13.10% return, which is significantly lower than ITWN.L's 69.14% return.

LDAG.L

• 1D: -0.20%
• 1M: -2.41%
• YTD: 13.10%
• 6M: 12.53%
• 1Y: 29.43%
• 3Y*: 18.15%
• 5Y*: 9.22%
• 10Y*: —

ITWN.L

• 1D: -0.05%
• 1M: 4.02%
• YTD: 69.14%
• 6M: 73.32%
• 1Y: 105.82%
• 3Y*: 41.40%
• 5Y*: 22.74%
• 10Y*: 22.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LDAG.L vs. ITWN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	13.10%	26.42%	5.50%	3.28%	1.73%	-25.94%
ITWN.L iShares MSCI Taiwan UCITS ETF	69.14%	22.61%	25.77%	21.84%	-21.08%	13.85%

Correlation

The correlation between LDAG.L and ITWN.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021	0.56

The correlation between LDAG.L and ITWN.L shifts across timeframes, from 0.44 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	LDAG.L	ITWN.L
Financial Services	33.5%	10.4%
Industrials	12.4%	1.8%
Utilities	11.3%	-
Consumer Cyclical	11.2%	0.9%
Technology	8.2%	82.6%
Consumer Defensive	7.0%	0.7%
Basic Materials	5.7%	1.8%
Communication Services	4.1%	1.3%
Energy	3.6%	-
Healthcare	3.0%	0.5%
Real Estate	0.3%	-

Return for Risk

LDAG.L vs. ITWN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDAG.L

LDAG.L Risk / Return Rank: 67
LDAG.L Sharpe Ratio Rank: 74
LDAG.L Sortino Ratio Rank: 72
LDAG.L Omega Ratio Rank: 68
LDAG.L Calmar Ratio Rank: 69
LDAG.L Martin Ratio Rank: 53

ITWN.L

ITWN.L Risk / Return Rank: 97
ITWN.L Sharpe Ratio Rank: 97
ITWN.L Sortino Ratio Rank: 96
ITWN.L Omega Ratio Rank: 96
ITWN.L Calmar Ratio Rank: 98
ITWN.L Martin Ratio Rank: 96

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.

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

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) and iShares MSCI Taiwan UCITS ETF (ITWN.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LDAG.L	ITWN.L	Difference
Sharpe ratio: Return per unit of total volatility	2.09	4.31	-2.23
Sortino ratio: Return per unit of downside risk	2.85	4.99	-2.14
Omega ratio: Gain probability vs. loss probability	1.36	1.69	-0.33
Calmar ratio: Return relative to maximum drawdown	3.06	11.24	-8.18
Martin ratio: Return relative to average drawdown	8.13	29.80	-21.67

LDAG.L vs. ITWN.L - Sharpe Ratio Comparison

The current LDAG.L Sharpe Ratio is 2.09, which is lower than the ITWN.L Sharpe Ratio of 4.31. The chart below compares the historical Sharpe Ratios of LDAG.L and ITWN.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.

Drawdowns

LDAG.L vs. ITWN.L - Drawdown Comparison

The maximum LDAG.L drawdown since its inception was -33.08%, smaller than the maximum ITWN.L drawdown of -72.46%. Use the drawdown chart below to compare losses from any high point for LDAG.L and ITWN.L.

Drawdown Indicators

	LDAG.L	ITWN.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.08%	-72.46%	+39.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.58%	-9.36%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.89%	-29.32%	+9.43%
Max Drawdown (5Y) Largest decline over 5 years	-19.89%	-30.07%	+10.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.07%	—
Current Drawdown Current decline from peak	-5.40%	-6.00%	+0.60%
Average Drawdown Average peak-to-trough decline	-19.79%	-21.95%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	3.54%	+0.07%

Volatility

LDAG.L vs. ITWN.L - Volatility Comparison

The current volatility for L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) is 4.81%, while iShares MSCI Taiwan UCITS ETF (ITWN.L) has a volatility of 10.48%. This indicates that LDAG.L experiences smaller price fluctuations and is considered to be less risky than ITWN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDAG.L	ITWN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	10.48%	-5.67%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	20.41%	-9.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	24.41%	-10.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	21.14%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.66%	20.45%	+2.21%

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

LDAG.L has a 0.40% expense ratio, which is lower than ITWN.L's 0.74% expense ratio.

Dividends

LDAG.L vs. ITWN.L - Dividend Comparison

LDAG.L's dividend yield for the trailing twelve months is around 3.98%, more than ITWN.L's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITWN.L iShares MSCI Taiwan UCITS ETF	0.89%	1.50%	1.37%	2.14%	3.54%	1.33%	1.83%	2.30%	2.72%	2.74%	2.86%	3.21%
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.98%	4.23%	4.75%	5.40%	4.80%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDAG.L and ITWN.L in my portfolio?

LDAG.L and ITWN.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDAG.L or ITWN.L?

On fees, LDAG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDAG.L or ITWN.L?

LDAG.L is cheaper with a 0.40% expense ratio, compared with 0.74% for ITWN.L.

What is the main difference between LDAG.L and ITWN.L?

LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while ITWN.L tracks MSCI Taiwan NR USD. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.40% for LDAG.L and 0.74% for ITWN.L.