TWD=X vs. FLTW

Last updated Apr 2, 2026

Compare and contrast key facts about USD/TWD (TWD=X) and Franklin FTSE Taiwan ETF (FLTW).

FLTW is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Taiwan RIC Capped Index. It was launched on Nov 2, 2017.

Performance

TWD=X vs. FLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a NT$10,000 investment in USD/TWD (TWD=X) and Franklin FTSE Taiwan ETF (FLTW). The values are adjusted to include any dividend payments, if applicable.

TWD=X vs. FLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWD=X USD/TWD	1.99%	-4.60%	8.26%	-0.92%	10.82%	-1.14%	-6.27%	-2.06%	3.36%	-1.95%
FLTW Franklin FTSE Taiwan ETF	15.30%	25.92%	26.32%	28.85%	-19.67%	27.98%	21.64%	28.52%	-6.28%	-3.17%

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 1.99% return, which is significantly lower than FLTW's 15.30% return.

TWD=X

• 1D: 0.06%
• 1M: 1.30%
• YTD: 1.99%
• 6M: 5.08%
• 1Y: -3.64%
• 3Y*: 1.63%
• 5Y*: 2.36%
• 10Y*: -0.06%

FLTW

• 1D: 1.04%
• 1M: -4.68%
• YTD: 15.30%
• 6M: 25.02%
• 1Y: 55.00%
• 3Y*: 27.97%
• 5Y*: 16.02%
• 10Y*: —

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

Return for Risk

TWD=X vs. FLTW — Risk / Return Rank

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

TWD=X

TWD=X Risk / Return Rank: 62
TWD=X Sharpe Ratio Rank: 43
TWD=X Sortino Ratio Rank: 44
TWD=X Omega Ratio Rank: 40
TWD=X Calmar Ratio Rank: 92
TWD=X Martin Ratio Rank: 93

FLTW

FLTW Risk / Return Rank: 93
FLTW Sharpe Ratio Rank: 93
FLTW Sortino Ratio Rank: 93
FLTW Omega Ratio Rank: 90
FLTW Calmar Ratio Rank: 94
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.

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.

	TWD=X	FLTW	Difference
Sharpe ratio Return per unit of total volatility	-0.26	2.32	-2.58
Sortino ratio Return per unit of downside risk	-0.25	2.88	-3.13
Omega ratio Gain probability vs. loss probability	0.95	1.42	-0.47
Calmar ratio Return relative to maximum drawdown	2.67	3.61	-0.94
Martin ratio Return relative to average drawdown	8.42	15.62	-7.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TWD=X vs. FLTW - Sharpe Ratio Comparison

The current TWD=X Sharpe Ratio is -0.26, which is lower than the FLTW Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of TWD=X and FLTW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TWD=X	FLTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	2.32	-2.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.85	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.85	-0.89

Correlation

The correlation between TWD=X and FLTW is -0.31. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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.

Drawdown Indicators

	TWD=X	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-22.11%	-38.00%	+15.89%
Max Drawdown (1Y) Largest decline over 1 year	-14.74%	-15.81%	+1.07%
Max Drawdown (5Y) Largest decline over 5 years	-14.80%	-38.00%	+23.20%
Max Drawdown (10Y) Largest decline over 10 years	-16.34%	—	—
Current Drawdown Current decline from peak	-9.23%	-7.55%	-1.68%
Average Drawdown Average peak-to-trough decline	-12.33%	-8.57%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	3.89%	-3.06%

Volatility

TWD=X vs. FLTW - Volatility Comparison

The current volatility for USD/TWD (TWD=X) is 1.77%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 9.14%. 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.

Volatility by Period

	TWD=X	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	9.14%	-7.37%
Volatility (6M) Calculated over the trailing 6-month period	4.12%	16.49%	-12.37%
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	23.91%	-12.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.24%	19.00%	-11.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.33%	18.79%	-12.46%