SUK2.L vs. HTWD.L
SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF) are both Technology Equities funds - SUK2.L tracks the L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF while HTWD.L tracks the HSBC MSCI Taiwan Capped UCITS ETF. Both are passively managed. Over the past 10 years, SUK2.L returned -16.92%/yr vs 20.58%/yr for HTWD.L. At a correlation of -0.52, they often move in opposite directions. SUK2.L charges 0.60%/yr vs 0.50%/yr for HTWD.L.
Performance
SUK2.L vs. HTWD.L - Performance Comparison
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Different Trading Currencies
SUK2.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, SUK2.L achieves a -11.17% return, which is significantly lower than HTWD.L's 59.56% return. Over the past 10 years, SUK2.L has underperformed HTWD.L with an annualized return of -16.92%, while HTWD.L has yielded a comparatively higher 20.58% annualized return.
SUK2.L
- 1D
- 0.40%
- 1M
- -0.81%
- 6M
- -7.00%
- YTD
- -11.17%
- 1Y
- -26.96%
- 3Y*
- -19.46%
- 5Y*
- -17.40%
- 10Y*
- -16.92%
HTWD.L
- 1D
- 0.00%
- 1M
- -5.71%
- 6M
- 52.04%
- YTD
- 59.56%
- 1Y
- 85.65%
- 3Y*
- 39.30%
- 5Y*
- 21.07%
- 10Y*
- 20.58%
SUK2.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF | -11.17% | -32.13% | -6.81% | -6.41% | -13.97% | -32.73% | -1.17% | -29.96% | 15.40% | -23.23% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 59.56% | 22.83% | 27.59% | 22.54% | -21.01% | 28.99% | 32.61% | 28.48% | -3.30% | 16.17% |
Correlation
The correlation between SUK2.L and HTWD.L is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | -0.52 |
Over the past year, the inverse relationship between SUK2.L and HTWD.L has weakened: their correlation has moved from -0.52 to -0.28, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SUK2.L vs. HTWD.L — Risk / Return Rank
SUK2.L
HTWD.L
SUK2.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.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.
| SUK2.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.43 | ||
| Sortino ratioReturn per unit of downside risk | -5.64 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.52 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 7.88 | -8.74 |
| Martin ratioReturn relative to average drawdown | -1.37 | 21.77 | -23.15 |
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Drawdowns
SUK2.L vs. HTWD.L - Drawdown Comparison
The maximum SUK2.L drawdown since its inception was -98.38%, 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 SUK2.L and HTWD.L.
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Drawdown Indicators
| SUK2.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.38% | -32.66% | -65.72% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -10.75% | -20.37% |
Max Drawdown (3Y)Largest decline over 3 years | -52.62% | -29.82% | -22.80% |
Max Drawdown (5Y)Largest decline over 5 years | -65.37% | -30.12% | -35.25% |
Max Drawdown (10Y)Largest decline over 10 years | -86.18% | -30.12% | -56.06% |
Current DrawdownCurrent decline from peak | -98.28% | -10.75% | -87.53% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -7.45% | -77.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 3.89% | +15.22% |
Volatility
SUK2.L vs. HTWD.L - Volatility Comparison
The current volatility for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.L) is 5.99%, while HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) has a volatility of 10.65%. This indicates that SUK2.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
| SUK2.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 10.65% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 22.58% | -3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 26.11% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 22.14% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 21.08% | +8.90% |
SUK2.L vs. HTWD.L - Expense Ratio Comparison
SUK2.L has a 0.60% expense ratio, which is higher than HTWD.L's 0.50% expense ratio.
Dividends
SUK2.L vs. HTWD.L - Dividend Comparison
SUK2.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 1.04%.
| 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% |
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) 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
SUK2.L and HTWD.L have a correlation of -0.28, 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 0.60% for SUK2.L.
SUK2.L tracks L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF, while HTWD.L tracks HSBC MSCI Taiwan Capped UCITS ETF. They also come from different issuers: L&G and HSBC. Their fees differ too: 0.60% for SUK2.L and 0.50% for HTWD.L.
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