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

SAUS.L vs. ITWN.L

Last updated Jun 5, 2026

SAUS.L (iShares MSCI Australia UCITS ETF) and ITWN.L (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds from iShares - SAUS.L tracks the MSCI Australia NR USD while ITWN.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 10 years, SAUS.L returned 9.11%/yr vs 23.12%/yr for ITWN.L. A 0.52 correlation means they provide meaningful diversification when combined. SAUS.L charges 0.50%/yr vs 0.74%/yr for ITWN.L.

Performance

SAUS.L vs. ITWN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Australia UCITS ETF (SAUS.L) and iShares MSCI Taiwan UCITS ETF (ITWN.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, SAUS.L achieves a 10.24% return, which is significantly lower than ITWN.L's 67.93% return. Over the past 10 years, SAUS.L has underperformed ITWN.L with an annualized return of 9.11%, while ITWN.L has yielded a comparatively higher 23.12% annualized return.

SAUS.L

1D
-0.76%
1M
-2.38%
YTD
10.24%
6M
11.26%
1Y
14.59%
3Y*
9.70%
5Y*
6.61%
10Y*
9.11%

ITWN.L

1D
-1.63%
1M
12.15%
YTD
67.93%
6M
70.24%
1Y
115.82%
3Y*
40.47%
5Y*
22.94%
10Y*
23.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
SAUS.L
iShares MSCI Australia UCITS ETF		10.24%6.23%3.26%7.65%5.74%9.68%5.72%17.21%-6.78%8.05%
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%

Correlation

The correlation between SAUS.L and ITWN.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

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

0.48

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

0.50

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

0.51

Correlation (All Time)
Calculated using the full available price history since Feb 1, 2010

0.52

The correlation between SAUS.L and ITWN.L has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

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

Sectors
SAUS.L
ITWN.L

Financial Services

42.0%
10.9%

Basic Materials

25.6%
2.0%

Consumer Cyclical

6.4%
1.2%

Real Estate

5.2%

-

Healthcare

4.3%
0.6%

Energy

4.2%

-

Industrials

4.2%
2.4%

Consumer Defensive

3.6%
0.8%

Communication Services

1.9%
1.4%

Utilities

1.6%

-

Technology

1.0%
80.7%

Financial Services

SAUS.L
42.0%
ITWN.L
10.9%

Basic Materials

SAUS.L
25.6%
ITWN.L
2.0%

Consumer Cyclical

SAUS.L
6.4%
ITWN.L
1.2%

Real Estate

SAUS.L
5.2%
ITWN.L

-

Healthcare

SAUS.L
4.3%
ITWN.L
0.6%

Energy

SAUS.L
4.2%
ITWN.L

-

Industrials

SAUS.L
4.2%
ITWN.L
2.4%

Consumer Defensive

SAUS.L
3.6%
ITWN.L
0.8%

Communication Services

SAUS.L
1.9%
ITWN.L
1.4%

Utilities

SAUS.L
1.6%
ITWN.L

-

Technology

SAUS.L
1.0%
ITWN.L
80.7%

Compare stocks, funds, or ETFs

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iShares MSCI Australia UCITS ETF

iShares MSCI Taiwan UCITS ETF

Often compared with SAUS.L:
SAUS.L vs. EWASAUS.L vs. CSPX.LSAUS.L vs. SPYSAUS.L vs. LAUU.LSAUS.L vs. CP9G.LSAUS.L vs. XKS2.LSAUS.L vs. CNDX.L
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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAUS.L
SAUS.L Risk / Return Rank: 3434
Overall Rank
SAUS.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
SAUS.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
SAUS.L Omega Ratio Rank: 3232
Omega Ratio Rank
SAUS.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
SAUS.L Martin Ratio Rank: 3232
Martin Ratio Rank
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
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (SAUS.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.

SAUS.LITWN.LDifference
Sharpe ratioReturn per unit of total volatility
1.18
5.10

-3.92

Sortino ratioReturn per unit of downside risk
1.80
5.92

-4.11

Omega ratioGain probability vs. loss probability

1.21

1.81

-0.60

Calmar ratioReturn relative to maximum drawdown

1.76

12.46

-10.70

Martin ratioReturn relative to average drawdown

4.76

34.79

-30.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SAUS.L Sharpe Ratio is 1.18, which is lower than the ITWN.L Sharpe Ratio of 5.10. The chart below compares the historical Sharpe Ratios of SAUS.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.

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Sharpe Ratios by Period

SAUS.LITWN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.18

5.10

-3.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

1.10

-0.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

1.17

-0.67

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.64

-0.26

Drawdowns

SAUS.L vs. ITWN.L - Drawdown Comparison

The maximum SAUS.L drawdown since its inception was -38.14%, smaller than the maximum ITWN.L drawdown of -48.27%. Use the drawdown chart below to compare losses from any high point for SAUS.L and ITWN.L.

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Drawdown Indicators

SAUS.LITWN.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.14%

-48.27%

+10.13%

Max Drawdown (1Y)

Largest decline over 1 year

-8.49%

-9.36%

+0.87%

Max Drawdown (3Y)

Largest decline over 3 years

-21.11%

-29.32%

+8.21%

Max Drawdown (5Y)

Largest decline over 5 years

-21.11%

-30.07%

+8.96%

Max Drawdown (10Y)

Largest decline over 10 years

-38.14%

-30.07%

-8.07%

Current Drawdown

Current decline from peak

-3.58%

-1.80%

-1.78%

Average Drawdown

Average peak-to-trough decline

-7.77%

-9.18%

+1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.16%

3.36%

-0.20%

Volatility

SAUS.L vs. ITWN.L - Volatility Comparison

The current volatility for iShares MSCI Australia UCITS ETF (SAUS.L) is 4.46%, while iShares MSCI Taiwan UCITS ETF (ITWN.L) has a volatility of 9.68%. This indicates that SAUS.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.

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Volatility by Period

SAUS.LITWN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

9.68%

-5.22%

Volatility (6M)

Calculated over the trailing 6-month period

10.14%

18.60%

-8.46%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

22.88%

-10.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.80%

20.77%

-4.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.11%

20.55%

-1.44%

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

SAUS.L has a 0.50% expense ratio, which is lower than ITWN.L's 0.74% expense ratio.

Dividends

SAUS.L vs. ITWN.L - Dividend Comparison

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

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%
SAUS.L
iShares MSCI Australia UCITS ETF		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

SAUS.L and ITWN.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SAUS.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SAUS.L is cheaper with a 0.50% expense ratio, compared with 0.74% for ITWN.L.

SAUS.L tracks MSCI Australia NR USD, while ITWN.L tracks MSCI Taiwan NR USD. Their fees differ too: 0.50% for SAUS.L and 0.74% for ITWN.L.

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