TWD=X vs. TWDUSD=X

Last updated Apr 2, 2026

Compare and contrast key facts about USD/TWD (TWD=X) and TWD/USD (TWDUSD=X).

Performance

TWD=X vs. TWDUSD=X - Performance Comparison

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

TWD=X vs. TWDUSD=X - 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%	-8.82%
TWDUSD=X TWD/USD	0.20%	-0.18%	1.21%	-1.06%	0.21%	0.31%	-0.32%	0.12%	0.44%	-0.32%

Different Trading Currencies

TWD=X is traded in TWD, while TWDUSD=X is traded in USD. To make them comparable, the TWDUSD=X 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 higher than TWDUSD=X's 0.20% return. Over the past 10 years, TWD=X has underperformed TWDUSD=X with an annualized return of -0.06%, while TWDUSD=X has yielded a comparatively higher 0.04% annualized 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%

TWDUSD=X

• 1D: 0.00%
• 1M: 0.16%
• YTD: 0.20%
• 6M: 0.21%
• 1Y: 0.68%
• 3Y*: 0.17%
• 5Y*: 0.08%
• 10Y*: 0.04%

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

Return for Risk

TWD=X vs. TWDUSD=X — 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

TWDUSD=X

TWDUSD=X Risk / Return Rank: 42
TWDUSD=X Sharpe Ratio Rank: 57
TWDUSD=X Sortino Ratio Rank: 62
TWDUSD=X Omega Ratio Rank: 63
TWDUSD=X Calmar Ratio Rank: 13
TWDUSD=X Martin Ratio Rank: 18

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. TWDUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/TWD (TWD=X) and TWD/USD (TWDUSD=X). 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	TWDUSD=X	Difference
Sharpe ratio Return per unit of total volatility	-0.26	0.05	-0.32
Sortino ratio Return per unit of downside risk	-0.25	0.10	-0.35
Omega ratio Gain probability vs. loss probability	0.95	1.02	-0.07
Calmar ratio Return relative to maximum drawdown	2.67	0.24	+2.43
Martin ratio Return relative to average drawdown	8.42	0.43	+7.99
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. TWDUSD=X - Sharpe Ratio Comparison

The current TWD=X Sharpe Ratio is -0.26, which is lower than the TWDUSD=X Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of TWD=X and TWDUSD=X, 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	TWDUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	0.05	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.02	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	0.01	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.00	-0.03

Correlation

The correlation between TWD=X and TWDUSD=X is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

TWD=X vs. TWDUSD=X - Drawdown Comparison

The maximum TWD=X drawdown since its inception was -22.11%, which is greater than TWDUSD=X's maximum drawdown of -5.98%. Use the drawdown chart below to compare losses from any high point for TWD=X and TWDUSD=X.

Drawdown Indicators

	TWD=X	TWDUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-22.11%	-17.28%	-4.83%
Max Drawdown (1Y) Largest decline over 1 year	-14.74%	-9.90%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-14.80%	-17.28%	+2.48%
Max Drawdown (10Y) Largest decline over 10 years	-16.34%	-17.28%	+0.94%
Current Drawdown Current decline from peak	-9.23%	-13.83%	+4.60%
Average Drawdown Average peak-to-trough decline	-12.33%	-6.70%	-5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	6.47%	-5.64%

Volatility

TWD=X vs. TWDUSD=X - Volatility Comparison

USD/TWD (TWD=X) has a higher volatility of 1.77% compared to TWD/USD (TWDUSD=X) at 0.63%. This indicates that TWD=X's price experiences larger fluctuations and is considered to be riskier than TWDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWD=X	TWDUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	0.63%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	4.12%	1.78%	+2.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	4.94%	+6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.24%	3.63%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.33%	3.52%	+2.81%