THD vs. FLTW

Last updated Jun 24, 2026

THD (iShares MSCI Thailand ETF) and FLTW (Franklin FTSE Taiwan ETF) are both Asia Pacific Equities funds - THD tracks the MSCI Thailand Investable Market Index while FLTW tracks the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, THD returned 0.72%/yr vs 21.46%/yr for FLTW. At a 0.50 correlation, their price movements are largely independent. THD charges 0.59%/yr vs 0.19%/yr for FLTW.

Performance

THD vs. FLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Thailand ETF (THD) and Franklin FTSE Taiwan ETF (FLTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THD achieves a 18.84% return, which is significantly lower than FLTW's 69.07% return.

THD

• 1D: -3.05%
• 1M: -2.31%
• YTD: 18.84%
• 6M: 16.38%
• 1Y: 47.78%
• 3Y*: 5.36%
• 5Y*: 0.72%
• 10Y*: 3.39%

FLTW

• 1D: -5.93%
• 1M: 8.95%
• YTD: 69.07%
• 6M: 72.09%
• 1Y: 109.94%
• 3Y*: 41.99%
• 5Y*: 21.46%
• 10Y*: —

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

THD vs. FLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THD iShares MSCI Thailand ETF	18.84%	2.36%	-2.21%	-12.63%	1.22%	1.87%	-9.89%	8.32%	-8.25%	6.26%
FLTW Franklin FTSE Taiwan ETF	69.07%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-9.32%	-1.28%

Correlation

The correlation between THD and FLTW is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.50

THD vs. FLTW - Sectors Allocation Comparison

Sectors	THD	FLTW
Industrials	31.1%	3.3%
Energy	13.5%	0.1%
Financial Services	11.1%	11.2%
Communication Services	9.8%	1.4%
Consumer Defensive	7.5%	0.7%
Utilities	7.0%	-
Healthcare	6.1%	0.6%
Real Estate	5.0%	-
Consumer Cyclical	4.7%	1.5%
Basic Materials	2.9%	2.5%
Technology	1.2%	78.7%

Return for Risk

THD vs. FLTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THD

THD Risk / Return Rank: 66
THD Sharpe Ratio Rank: 69
THD Sortino Ratio Rank: 65
THD Omega Ratio Rank: 60
THD Calmar Ratio Rank: 76
THD Martin Ratio Rank: 63

FLTW

FLTW Risk / Return Rank: 94
FLTW Sharpe Ratio Rank: 96
FLTW Sortino Ratio Rank: 91
FLTW Omega Ratio Rank: 93
FLTW Calmar Ratio Rank: 97
FLTW Martin Ratio Rank: 95

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.

THD vs. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Thailand ETF (THD) and Franklin FTSE Taiwan ETF (FLTW). 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.

	THD	FLTW	Difference
Sharpe ratio: Return per unit of total volatility	2.08	3.80	-1.72
Sortino ratio: Return per unit of downside risk	2.78	4.09	-1.31
Omega ratio: Gain probability vs. loss probability	1.34	1.60	-0.26
Calmar ratio: Return relative to maximum drawdown	3.66	10.17	-6.51
Martin ratio: Return relative to average drawdown	10.63	30.39	-19.76

THD vs. FLTW - Sharpe Ratio Comparison

The current THD Sharpe Ratio is 2.08, which is lower than the FLTW Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of THD and FLTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

THD vs. FLTW - Drawdown Comparison

The maximum THD drawdown since its inception was -64.22%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for THD and FLTW.

Drawdown Indicators

	THD	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-64.22%	-38.00%	-26.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-10.87%	-2.25%
Max Drawdown (3Y) Largest decline over 3 years	-34.11%	-26.45%	-7.66%
Max Drawdown (5Y) Largest decline over 5 years	-40.24%	-38.00%	-2.24%
Max Drawdown (10Y) Largest decline over 10 years	-49.32%	—	—
Current Drawdown Current decline from peak	-12.73%	-5.93%	-6.80%
Average Drawdown Average peak-to-trough decline	-18.25%	-8.41%	-9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	3.63%	+0.88%

Volatility

THD vs. FLTW - Volatility Comparison

The current volatility for iShares MSCI Thailand ETF (THD) is 6.39%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 16.14%. This indicates that THD experiences smaller price fluctuations and is considered to be less risky than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THD	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	16.14%	-9.75%
Volatility (6M) Calculated over the trailing 6-month period	18.95%	25.07%	-6.12%
Volatility (1Y) Calculated over the trailing 1-year period	23.10%	29.07%	-5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.94%	23.23%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	22.20%	-0.62%

THD vs. FLTW - Expense Ratio Comparison

THD has a 0.59% expense ratio, which is higher than FLTW's 0.19% expense ratio.

Dividends

THD vs. FLTW - Dividend Comparison

THD's dividend yield for the trailing twelve months is around 3.65%, more than FLTW's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTW Franklin FTSE Taiwan ETF	1.42%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%	0.00%	0.00%	0.00%
THD iShares MSCI Thailand ETF	3.65%	3.36%	3.15%	2.92%	2.41%	3.16%	2.31%	2.42%	2.57%	2.16%	2.61%	3.58%

Frequently Asked Questions

Can I hold both THD and FLTW in my portfolio?

THD and FLTW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THD or FLTW?

FLTW has higher volatility (16.14%) compared to THD (6.39%). In terms of maximum drawdown, THD dropped -64.22% vs FLTW's -38.00%.

Which ETF is better, THD or FLTW?

On 5-year performance, FLTW leads with 21.46% vs 0.72% for THD. On fees, FLTW is cheaper at 0.19% per year. On volatility, THD has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THD or FLTW?

Over the 5-year period, FLTW has performed better with a 21.46% return vs 0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THD or FLTW?

FLTW is cheaper with a 0.19% expense ratio, compared with 0.59% for THD.

Which ETF pays a higher dividend yield, THD or FLTW?

THD has the higher dividend yield at 3.65%, compared with 1.42% for FLTW.

What is the main difference between THD and FLTW?

THD tracks MSCI Thailand Investable Market Index, while FLTW tracks FTSE Taiwan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.59% for THD and 0.19% for FLTW.

Which has better risk-adjusted returns?

FLTW currently has the higher Sharpe Ratio (3.80 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.