TWD=X vs. FLTW
TWD=X (USD/TWD) is a currency, while FLTW (Franklin FTSE Taiwan ETF) is Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index. Over the past 5 years, TWD=X returned 3.11%/yr vs 23.37%/yr for FLTW. Their -0.31 correlation means they have often moved in opposite directions in the past.
Performance
TWD=X vs. FLTW - Performance Comparison
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Different Trading Currencies
TWD=X is traded in TWD, while FLTW is traded in USD. To make them comparable, the FLTW values have been converted to TWD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TWD=X achieves a 3.09% return, which is significantly lower than FLTW's 67.10% return.
TWD=X
- 1D
- -0.30%
- 1M
- 0.72%
- 6M
- 2.29%
- YTD
- 3.09%
- 1Y
- 8.10%
- 3Y*
- 0.73%
- 5Y*
- 3.11%
- 10Y*
- 0.31%
- ALL TIME*
- -0.14%
FLTW
- 1D
- 3.90%
- 1M
- -1.57%
- 6M
- 51.94%
- YTD
- 67.10%
- 1Y
- 102.76%
- 3Y*
- 41.29%
- 5Y*
- 23.37%
- 10Y*
- —
- ALL TIME*
- 20.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| NT$1.96B | NT$2.01B | NT$2.22B | |
TWD=X USD/TWD | NT$5.40 | NT$170.33K | NT$210.54K |
TWD=X vs. FLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWD=X USD/TWD | 3.09% | -4.60% | 8.26% | -0.92% | 10.82% | -1.14% | -6.27% | -2.06% | 3.36% | -2.10% |
FLTW Franklin FTSE Taiwan ETF | 67.10% | 25.92% | 26.32% | 28.85% | -19.67% | 27.98% | 21.64% | 28.52% | -6.28% | -3.21% |
Correlation
The correlation between TWD=X and FLTW is -0.45, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.45 |
Correlation (3Y) Balances recent behavior with more history. | -0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | -0.31 |
The correlation between TWD=X and FLTW shifts across timeframes, from -0.45 (1 year) to -0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TWD=X vs. FLTW — Risk / Return Rank
TWD=X
FLTW
TWD=X vs. FLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/TWD (TWD=X) 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.
| TWD=X | FLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 5.27 | -2.69 |
| Martin ratioReturn relative to average drawdown | 6.34 | 23.38 | -17.03 |
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Drawdowns
TWD=X vs. FLTW - Drawdown Comparison
The maximum TWD=X drawdown since its inception was -22.11%, smaller than the maximum FLTW drawdown of -27.74%. Use the drawdown chart below to compare losses from any high point for TWD=X and FLTW.
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Drawdown Indicators
| TWD=X | FLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.11% | -27.74% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -19.61% | +17.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -25.36% | +10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -27.65% | +12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -15.28% | — | — |
Current DrawdownCurrent decline from peak | -8.25% | -7.95% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -12.46% | -5.90% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 4.41% | -3.38% |
Volatility
TWD=X vs. FLTW - Volatility Comparison
The current volatility for USD/TWD (TWD=X) is 1.01%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 13.89%. This indicates that TWD=X 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.
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Volatility by Period
| TWD=X | FLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 13.89% | -12.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 27.47% | -24.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 30.19% | -25.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 21.36% | -14.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 20.26% | -14.02% |
Frequently Asked Questions
TWD=X and FLTW have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTW has higher volatility (13.89%) compared to TWD=X (1.01%). In terms of maximum drawdown, TWD=X dropped -22.11% vs FLTW's -27.74%.
FLTW currently has the higher Sharpe Ratio (3.42 vs 1.38), 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.
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