SEDY.L vs. HTWD.L
SEDY.L (iShares Emerging Markets Dividend UCITS ETF) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - SEDY.L tracks the MSCI EM NR USD while HTWD.L tracks the MSCI Taiwan Capped Index. Both are passively managed. Over the past 10 years, SEDY.L returned 6.08%/yr vs 19.91%/yr for HTWD.L. A 0.66 correlation means they provide meaningful diversification when combined. SEDY.L charges 0.65%/yr vs 0.50%/yr for HTWD.L.
Performance
SEDY.L vs. HTWD.L - Performance Comparison
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Different Trading Currencies
SEDY.L is traded in GBp, while HTWD.L is traded in USD. To make them comparable, the HTWD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEDY.L achieves a 8.61% return, which is significantly lower than HTWD.L's 51.82% return. Over the past 10 years, SEDY.L has underperformed HTWD.L with an annualized return of 6.08%, while HTWD.L has yielded a comparatively higher 19.91% annualized return.
SEDY.L
- 1D
- 0.18%
- 1M
- -2.45%
- 6M
- 3.95%
- YTD
- 8.61%
- 1Y
- 20.74%
- 3Y*
- 17.22%
- 5Y*
- 5.22%
- 10Y*
- 6.08%
HTWD.L
- 1D
- -3.97%
- 1M
- -11.64%
- 6M
- 41.55%
- YTD
- 51.82%
- 1Y
- 73.20%
- 3Y*
- 36.89%
- 5Y*
- 19.87%
- 10Y*
- 19.91%
SEDY.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 8.61% | 18.70% | 8.71% | 13.01% | -22.64% | 12.65% | -5.85% | 10.44% | 0.25% | 14.72% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 51.82% | 22.83% | 27.59% | 22.54% | -21.01% | 28.99% | 32.61% | 28.48% | -3.30% | 16.17% |
Correlation
The correlation between SEDY.L and HTWD.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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.66 |
Over the past year, the correlation between SEDY.L and HTWD.L has dropped to 0.44 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
SEDY.L vs. HTWD.L — Risk / Return Rank
SEDY.L
HTWD.L
SEDY.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend UCITS ETF (SEDY.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.
| SEDY.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 4.83 | -2.00 |
| Martin ratioReturn relative to average drawdown | 8.14 | 18.16 | -10.01 |
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Drawdowns
SEDY.L vs. HTWD.L - Drawdown Comparison
The maximum SEDY.L drawdown since its inception was -51.33%, which is greater than HTWD.L's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for SEDY.L and HTWD.L.
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Drawdown Indicators
| SEDY.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -32.66% | -18.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -15.07% | +7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.92% | -29.82% | +17.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -30.12% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | -30.12% | -0.28% |
Current DrawdownCurrent decline from peak | -5.12% | -15.07% | +9.95% |
Average DrawdownAverage peak-to-trough decline | -17.84% | -7.45% | -10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 4.02% | -1.48% |
Volatility
SEDY.L vs. HTWD.L - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend UCITS ETF (SEDY.L) is 3.46%, while HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) has a volatility of 10.84%. This indicates that SEDY.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
| SEDY.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 10.84% | -7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 23.02% | -13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 26.48% | -14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 22.21% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 21.12% | -4.98% |
SEDY.L vs. HTWD.L - Expense Ratio Comparison
SEDY.L has a 0.65% expense ratio, which is higher than HTWD.L's 0.50% expense ratio.
Dividends
SEDY.L vs. HTWD.L - Dividend Comparison
SEDY.L's dividend yield for the trailing twelve months is around 5.15%, more than HTWD.L's 1.08% yield.
| 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% |
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 5.15% | 5.72% | 7.74% | 7.99% | 9.32% | 6.42% | 5.11% | 5.84% | 5.54% | 4.07% | 4.25% | 6.31% |
Frequently Asked Questions
SEDY.L and HTWD.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.
On fees, HTWD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HTWD.L is cheaper with a 0.50% expense ratio, compared with 0.65% for SEDY.L.
SEDY.L tracks MSCI EM NR USD, while HTWD.L tracks MSCI Taiwan Capped Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.65% for SEDY.L and 0.50% for HTWD.L.
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