THG vs. FLTW

Last updated Jun 4, 2026

THG (The Hanover Insurance Group, Inc.) is a stock, while FLTW (Franklin FTSE Taiwan ETF) is Asia Pacific Equities fund tracking the FTSE Taiwan RIC Capped Index. Over the past 5 years, THG returned 8.48%/yr vs 21.84%/yr for FLTW. At a 0.17 correlation, their price movements are largely independent.

Performance

THG vs. FLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hanover Insurance Group, Inc. (THG) 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, THG achieves a 2.52% return, which is significantly lower than FLTW's 73.16% return.

THG

• 1D: -0.37%
• 1M: 1.68%
• YTD: 2.52%
• 6M: 4.64%
• 1Y: 7.54%
• 3Y*: 20.30%
• 5Y*: 8.48%
• 10Y*: 11.15%

FLTW

• 1D: -0.16%
• 1M: 20.90%
• YTD: 73.16%
• 6M: 78.07%
• 1Y: 122.77%
• 3Y*: 43.09%
• 5Y*: 21.84%
• 10Y*: —

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

THG vs. FLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THG The Hanover Insurance Group, Inc.	2.52%	20.66%	30.61%	-7.61%	5.40%	14.51%	-12.31%	26.73%	10.15%	3.09%
FLTW Franklin FTSE Taiwan ETF	73.16%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-9.32%	-1.25%

Correlation

The correlation between THG and FLTW is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.17

The correlation between THG and FLTW shifts across timeframes, from -0.09 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

THG vs. FLTW — Risk / Return Rank

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

THG

THG Risk / Return Rank: 52
THG Sharpe Ratio Rank: 54
THG Sortino Ratio Rank: 45
THG Omega Ratio Rank: 45
THG Calmar Ratio Rank: 57
THG Martin Ratio Rank: 58

FLTW

FLTW Risk / Return Rank: 96
FLTW Sharpe Ratio Rank: 97
FLTW Sortino Ratio Rank: 95
FLTW Omega Ratio Rank: 95
FLTW Calmar Ratio Rank: 97
FLTW 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.

THG vs. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hanover Insurance Group, Inc. (THG) 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.

	THG	FLTW	Difference
Sharpe ratio: Return per unit of total volatility	0.38	4.75	-4.37
Sortino ratio: Return per unit of downside risk	0.66	5.21	-4.55
Omega ratio: Gain probability vs. loss probability	1.08	1.73	-0.65
Calmar ratio: Return relative to maximum drawdown	0.76	11.36	-10.60
Martin ratio: Return relative to average drawdown	1.67	35.77	-34.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THG vs. FLTW - Sharpe Ratio Comparison

The current THG Sharpe Ratio is 0.38, which is lower than the FLTW Sharpe Ratio of 4.75. The chart below compares the historical Sharpe Ratios of THG 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.

Sharpe Ratios by Period

	THG	FLTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	4.75	-4.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.98	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.95	-0.67

Drawdowns

THG vs. FLTW - Drawdown Comparison

The maximum THG drawdown since its inception was -89.84%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for THG and FLTW.

Drawdown Indicators

	THG	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-89.84%	-38.00%	-51.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-10.87%	+0.85%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	-26.45%	+12.47%
Max Drawdown (5Y) Largest decline over 5 years	-30.35%	-38.00%	+7.65%
Max Drawdown (10Y) Largest decline over 10 years	-40.10%	—	—
Current Drawdown Current decline from peak	-5.66%	-0.16%	-5.50%
Average Drawdown Average peak-to-trough decline	-22.67%	-8.43%	-14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	3.45%	+1.26%

Volatility

THG vs. FLTW - Volatility Comparison

The current volatility for The Hanover Insurance Group, Inc. (THG) is 5.22%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 11.77%. This indicates that THG 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

	THG	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	11.77%	-6.55%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	21.29%	-7.06%
Volatility (1Y) Calculated over the trailing 1-year period	20.18%	26.00%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.76%	22.44%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.07%	21.77%	+2.30%

Dividends

THG vs. FLTW - Dividend Comparison

THG's dividend yield for the trailing twelve months is around 1.99%, more than FLTW's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTW Franklin FTSE Taiwan ETF	1.45%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%	0.00%	0.00%	0.00%
THG The Hanover Insurance Group, Inc.	1.99%	2.00%	2.23%	2.70%	2.26%	2.17%	2.27%	7.10%	1.90%	1.89%	2.07%	2.08%

Frequently Asked Questions

Can I hold both THG and FLTW in my portfolio?

THG and FLTW have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THG or FLTW?

FLTW has higher volatility (11.77%) compared to THG (5.22%). In terms of maximum drawdown, THG dropped -89.84% vs FLTW's -38.00%.

Which has better risk-adjusted returns?

FLTW currently has the higher Sharpe Ratio (4.75 vs 0.38), 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.