TWD=X vs. VGLT
TWD=X (USD/TWD) is a currency, while VGLT (Vanguard Long-Term Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Over the past 10 years, TWD=X returned 0.27%/yr vs -1.54%/yr for VGLT. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
TWD=X vs. VGLT - Performance Comparison
Loading charts...
Different Trading Currencies
TWD=X is traded in TWD, while VGLT is traded in USD. To make them comparable, the VGLT 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 3.07% return, which is significantly higher than VGLT's -0.28% return. Over the past 10 years, TWD=X has outperformed VGLT with an annualized return of 0.27%, while VGLT has yielded a comparatively lower -1.54% annualized return.
TWD=X
- 1D
- -0.30%
- 1M
- 1.13%
- 6M
- 2.18%
- YTD
- 3.07%
- 1Y
- 8.29%
- 3Y*
- 0.75%
- 5Y*
- 2.96%
- 10Y*
- 0.27%
- ALL TIME*
- -0.14%
VGLT
- 1D
- -0.92%
- 1M
- -2.42%
- 6M
- -1.02%
- YTD
- -0.28%
- 1Y
- 6.48%
- 3Y*
- 0.13%
- 5Y*
- -4.32%
- 10Y*
- -1.54%
- ALL TIME*
- 2.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
TWD=X USD/TWD | NT$1.54K | NT$170.32K | NT$207.97K |
| NT$3.09B | NT$3.19B | NT$3.46B |
TWD=X vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWD=X USD/TWD | 3.07% | -4.60% | 8.26% | -0.92% | 10.82% | -1.14% | -6.27% | -2.06% | 3.36% | -8.82% |
VGLT Vanguard Long-Term Treasury ETF | -0.28% | 0.50% | 1.46% | 2.32% | -21.70% | -6.06% | 10.20% | 11.94% | 1.77% | -0.94% |
Correlation
The correlation between TWD=X and VGLT is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.32 |
The correlation between TWD=X and VGLT shifts across timeframes, from 0.14 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TWD=X vs. VGLT — Risk / Return Rank
TWD=X
VGLT
TWD=X vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/TWD (TWD=X) and Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.16 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.25 | +1.30 |
| Martin ratioReturn relative to average drawdown | 6.27 | 3.38 | +2.89 |
Loading charts...
Drawdowns
TWD=X vs. VGLT - Drawdown Comparison
The maximum TWD=X drawdown since its inception was -22.11%, smaller than the maximum VGLT drawdown of -41.68%. Use the drawdown chart below to compare losses from any high point for TWD=X and VGLT.
Loading charts...
Drawdown Indicators
| TWD=X | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.11% | -41.68% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -6.11% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -19.84% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -31.37% | +16.57% |
Max Drawdown (10Y)Largest decline over 10 years | -15.28% | -41.68% | +26.40% |
Current DrawdownCurrent decline from peak | -8.27% | -33.22% | +24.95% |
Average DrawdownAverage peak-to-trough decline | -12.46% | -16.46% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.25% | -1.21% |
Volatility
TWD=X vs. VGLT - Volatility Comparison
The current volatility for USD/TWD (TWD=X) is 0.89%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.59%. This indicates that TWD=X experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TWD=X | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 2.59% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 5.93% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 8.70% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 15.19% | -8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 14.55% | -8.30% |
Frequently Asked Questions
TWD=X and VGLT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGLT has higher volatility (2.59%) compared to TWD=X (0.89%). In terms of maximum drawdown, TWD=X dropped -22.11% vs VGLT's -41.68%.
TWD=X currently has the higher Sharpe Ratio (1.37 vs 0.88), 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.
Find the right allocation for TWD=X and VGLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer