SAUS.L vs. XMTW.L

Last updated Jun 5, 2026

SAUS.L (iShares MSCI Australia UCITS ETF) and XMTW.L (Xtrackers MSCI Taiwan UCITS ETF 1C) are both Asia Pacific Equities funds - SAUS.L tracks the MSCI Australia NR USD while XMTW.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 10 years, SAUS.L returned 9.11%/yr vs 23.25%/yr for XMTW.L. A 0.50 correlation means they provide meaningful diversification when combined. SAUS.L charges 0.50%/yr vs 0.65%/yr for XMTW.L.

Performance

SAUS.L vs. XMTW.L - Performance Comparison

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

Returns By Period

In the year-to-date period, SAUS.L achieves a 10.24% return, which is significantly lower than XMTW.L's 67.90% return. Over the past 10 years, SAUS.L has underperformed XMTW.L with an annualized return of 9.11%, while XMTW.L has yielded a comparatively higher 23.25% 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%

XMTW.L

• 1D: -1.55%
• 1M: 12.81%
• YTD: 67.90%
• 6M: 70.58%
• 1Y: 117.03%
• 3Y*: 41.00%
• 5Y*: 23.21%
• 10Y*: 23.25%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XMTW.L Xtrackers MSCI Taiwan UCITS ETF 1C	67.90%	23.98%	25.99%	21.66%	-21.11%	28.96%	32.40%	29.87%	-3.71%	16.78%

Correlation

The correlation between SAUS.L and XMTW.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 1, 2010	0.50

The correlation between SAUS.L and XMTW.L shifts across timeframes, from 0.43 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.

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

Sectors	SAUS.L	XMTW.L
Financial Services	42.0%	11.8%
Basic Materials	25.6%	2.4%
Consumer Cyclical	6.4%	1.2%
Real Estate	5.2%	-
Healthcare	4.3%	0.6%
Energy	4.2%	-
Industrials	4.2%	2.8%
Consumer Defensive	3.6%	0.8%
Communication Services	1.9%	1.5%
Utilities	1.6%	-
Technology	1.0%	78.9%

Return for Risk

SAUS.L vs. XMTW.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: 34
SAUS.L Sharpe Ratio Rank: 33
SAUS.L Sortino Ratio Rank: 35
SAUS.L Omega Ratio Rank: 32
SAUS.L Calmar Ratio Rank: 37
SAUS.L Martin Ratio Rank: 32

XMTW.L

XMTW.L Risk / Return Rank: 97
XMTW.L Sharpe Ratio Rank: 98
XMTW.L Sortino Ratio Rank: 97
XMTW.L Omega Ratio Rank: 97
XMTW.L Calmar Ratio Rank: 98
XMTW.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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (SAUS.L) and Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.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.L	XMTW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.18	5.22	-4.04
Sortino ratio: Return per unit of downside risk	1.80	5.92	-4.12
Omega ratio: Gain probability vs. loss probability	1.21	1.84	-0.63
Calmar ratio: Return relative to maximum drawdown	1.76	13.03	-11.26
Martin ratio: Return relative to average drawdown	4.76	36.03	-31.28
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. XMTW.L - Sharpe Ratio Comparison

The current SAUS.L Sharpe Ratio is 1.18, which is lower than the XMTW.L Sharpe Ratio of 5.22. The chart below compares the historical Sharpe Ratios of SAUS.L and XMTW.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.

Sharpe Ratios by Period

	SAUS.L	XMTW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	5.22	-4.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	1.13	-0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	1.16	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.66	-0.28

Drawdowns

SAUS.L vs. XMTW.L - Drawdown Comparison

The maximum SAUS.L drawdown since its inception was -38.14%, smaller than the maximum XMTW.L drawdown of -47.86%. Use the drawdown chart below to compare losses from any high point for SAUS.L and XMTW.L.

Drawdown Indicators

	SAUS.L	XMTW.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.14%	-47.86%	+9.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.49%	-9.05%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-21.11%	-28.76%	+7.65%
Max Drawdown (5Y) Largest decline over 5 years	-21.11%	-30.18%	+9.07%
Max Drawdown (10Y) Largest decline over 10 years	-38.14%	-30.18%	-7.96%
Current Drawdown Current decline from peak	-3.58%	-1.57%	-2.01%
Average Drawdown Average peak-to-trough decline	-7.77%	-8.70%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.28%	-0.12%

Volatility

SAUS.L vs. XMTW.L - Volatility Comparison

The current volatility for iShares MSCI Australia UCITS ETF (SAUS.L) is 4.46%, while Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) has a volatility of 9.41%. This indicates that SAUS.L experiences smaller price fluctuations and is considered to be less risky than XMTW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAUS.L	XMTW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	9.41%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	18.21%	-8.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	22.59%	-9.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	20.47%	-4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.11%	20.06%	-0.95%

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

SAUS.L has a 0.50% expense ratio, which is lower than XMTW.L's 0.65% expense ratio.

Dividends

SAUS.L vs. XMTW.L - Dividend Comparison

Neither SAUS.L nor XMTW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SAUS.L and XMTW.L in my portfolio?

SAUS.L and XMTW.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SAUS.L or XMTW.L?

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.

Which ETF is cheaper, SAUS.L or XMTW.L?

SAUS.L is cheaper with a 0.50% expense ratio, compared with 0.65% for XMTW.L.

What is the main difference between SAUS.L and XMTW.L?

SAUS.L tracks MSCI Australia NR USD, while XMTW.L tracks MSCI Taiwan NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for SAUS.L and 0.65% for XMTW.L.