SHLD.L vs. HTWD.L
SHLD.L (iShares Digital Security UCITS ETF USD Dist) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF) are both Technology Equities funds - SHLD.L tracks the iShares Digital Security UCITS ETF USD Dist while HTWD.L tracks the HSBC MSCI Taiwan Capped UCITS ETF. Both are passively managed. Over the past 5 years, SHLD.L returned 9.32%/yr vs 20.24%/yr for HTWD.L. A 0.62 correlation means they provide meaningful diversification when combined. SHLD.L charges 0.40%/yr vs 0.50%/yr for HTWD.L.
Performance
SHLD.L vs. HTWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SHLD.L achieves a 17.77% return, which is significantly lower than HTWD.L's 57.53% return.
SHLD.L
- 1D
- 0.11%
- 1M
- 3.71%
- 6M
- 17.56%
- YTD
- 17.77%
- 1Y
- 25.07%
- 3Y*
- 19.63%
- 5Y*
- 9.32%
- 10Y*
- —
HTWD.L
- 1D
- -1.68%
- 1M
- -6.47%
- 6M
- 50.40%
- YTD
- 57.53%
- 1Y
- 84.50%
- 3Y*
- 40.11%
- 5Y*
- 20.24%
- 10Y*
- 20.62%
SHLD.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD Dist | 17.77% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 28.27% | -1.78% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 57.53% | 32.26% | 25.40% | 28.98% | -29.41% | 27.78% | 36.62% | 33.56% | 2.67% |
Correlation
The correlation between SHLD.L and HTWD.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018 | 0.62 |
The correlation between SHLD.L and HTWD.L shifts across timeframes, from 0.50 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHLD.L vs. HTWD.L — Risk / Return Rank
SHLD.L
HTWD.L
SHLD.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Dist (SHLD.L) and HSBC MSCI Taiwan Capped UCITS ETF (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.
| SHLD.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.49 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 7.40 | -5.17 |
| Martin ratioReturn relative to average drawdown | 4.84 | 20.03 | -15.19 |
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Drawdowns
SHLD.L vs. HTWD.L - Drawdown Comparison
The maximum SHLD.L drawdown since its inception was -36.07%, smaller than the maximum HTWD.L drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for SHLD.L and HTWD.L.
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Drawdown Indicators
| SHLD.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -41.06% | +4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -11.22% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -28.22% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -36.07% | -41.06% | +4.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.06% | — |
Current DrawdownCurrent decline from peak | -4.38% | -10.43% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -9.65% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 4.16% | +1.11% |
Volatility
SHLD.L vs. HTWD.L - Volatility Comparison
The current volatility for iShares Digital Security UCITS ETF USD Dist (SHLD.L) is 7.42%, while HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) has a volatility of 10.99%. This indicates that SHLD.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
| SHLD.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 10.99% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 23.75% | -5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 27.32% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 23.58% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 21.64% | -0.41% |
SHLD.L vs. HTWD.L - Expense Ratio Comparison
SHLD.L has a 0.40% expense ratio, which is lower than HTWD.L's 0.50% expense ratio.
Dividends
SHLD.L vs. HTWD.L - Dividend Comparison
SHLD.L's dividend yield for the trailing twelve months is around 0.35%, less than HTWD.L's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 1.04% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
SHLD.L iShares Digital Security UCITS ETF USD Dist | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHLD.L and HTWD.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.50% for HTWD.L.
SHLD.L tracks iShares Digital Security UCITS ETF USD Dist, while HTWD.L tracks HSBC MSCI Taiwan Capped UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for SHLD.L and 0.50% for HTWD.L.
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