R1GR.L vs. HTWD.L
R1GR.L (iShares Russell 1000 Growth UCITS ETF USD (Acc)) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)) are both exchange-traded funds - R1GR.L is a Large Cap Growth Equities fund tracking the Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index, while HTWD.L is a Emerging Markets Equities fund tracking the MSCI Taiwan Capped Index. Both are passively managed. Over the past 3 years, R1GR.L returned 19.37%/yr vs 38.33%/yr for HTWD.L. A 0.64 correlation means they provide meaningful diversification when combined. R1GR.L charges 0.18%/yr vs 0.50%/yr for HTWD.L.
Performance
R1GR.L vs. HTWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, R1GR.L achieves a 0.07% return, which is significantly lower than HTWD.L's 51.61% return.
R1GR.L
- 1D
- -2.50%
- 1M
- -3.30%
- 6M
- 1.11%
- YTD
- 0.07%
- 1Y
- 9.87%
- 3Y*
- 19.37%
- 5Y*
- —
- 10Y*
- —
HTWD.L
- 1D
- -4.13%
- 1M
- -10.54%
- 6M
- 42.37%
- YTD
- 51.61%
- 1Y
- 73.67%
- 3Y*
- 38.33%
- 5Y*
- 19.33%
- 10Y*
- 20.23%
R1GR.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1GR.L iShares Russell 1000 Growth UCITS ETF USD (Acc) | 0.07% | 17.39% | 34.17% | 10.92% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 51.61% | 32.26% | 25.40% | 9.13% |
Correlation
The correlation between R1GR.L and HTWD.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.64 |
The correlation between R1GR.L and HTWD.L has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.
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Return for Risk
R1GR.L vs. HTWD.L — Risk / Return Rank
R1GR.L
HTWD.L
R1GR.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth UCITS ETF USD (Acc) (R1GR.L) and HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.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.
| R1GR.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.43 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 5.31 | -4.69 |
| Martin ratioReturn relative to average drawdown | 1.90 | 17.31 | -15.41 |
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Drawdowns
R1GR.L vs. HTWD.L - Drawdown Comparison
The maximum R1GR.L drawdown since its inception was -23.18%, smaller than the maximum HTWD.L drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for R1GR.L and HTWD.L.
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Drawdown Indicators
| R1GR.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.18% | -41.06% | +17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -15.74% | -13.80% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.18% | -28.22% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.06% | — |
Current DrawdownCurrent decline from peak | -7.48% | -13.80% | +6.32% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -9.66% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 4.24% | +0.95% |
Volatility
R1GR.L vs. HTWD.L - Volatility Comparison
The current volatility for iShares Russell 1000 Growth UCITS ETF USD (Acc) (R1GR.L) is 6.07%, while HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) has a volatility of 11.37%. This indicates that R1GR.L experiences smaller price fluctuations and is considered to be less risky than HTWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R1GR.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 11.37% | -5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 24.13% | -11.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 27.64% | -10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 23.64% | -5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 21.67% | -3.59% |
R1GR.L vs. HTWD.L - Expense Ratio Comparison
R1GR.L has a 0.18% expense ratio, which is lower than HTWD.L's 0.50% expense ratio.
Dividends
R1GR.L vs. HTWD.L - Dividend Comparison
R1GR.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 1.08% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
R1GR.L iShares Russell 1000 Growth 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
R1GR.L and HTWD.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1GR.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1GR.L is cheaper with a 0.18% expense ratio, compared with 0.50% for HTWD.L.
R1GR.L is categorized as Large Cap Growth Equities, while HTWD.L is Emerging Markets Equities. R1GR.L tracks Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index, while HTWD.L tracks MSCI Taiwan Capped Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.18% for R1GR.L and 0.50% for HTWD.L.
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