TWDUSD=X vs. FLTW
TWDUSD=X (TWD/USD) is a currency, while FLTW (Franklin FTSE Taiwan ETF) is Asia Pacific Equities fund tracking the FTSE Taiwan RIC Capped Index. Over the past 5 years, TWDUSD=X returned -2.63%/yr vs 21.23%/yr for FLTW. At a 0.45 correlation, their price movements are largely independent.
Performance
TWDUSD=X vs. FLTW - Performance Comparison
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Returns By Period
In the year-to-date period, TWDUSD=X achieves a -1.49% return, which is significantly lower than FLTW's 68.03% return.
TWDUSD=X
- 1D
- 0.07%
- 1M
- -1.15%
- YTD
- -1.49%
- 6M
- -0.89%
- 1Y
- -8.00%
- 3Y*
- -0.85%
- 5Y*
- -2.63%
- 10Y*
- 0.21%
FLTW
- 1D
- 0.30%
- 1M
- 1.95%
- YTD
- 68.03%
- 6M
- 70.67%
- 1Y
- 100.47%
- 3Y*
- 41.55%
- 5Y*
- 21.23%
- 10Y*
- —
TWDUSD=X vs. FLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWDUSD=X TWD/USD | -1.49% | 4.63% | -6.51% | -0.14% | -9.57% | 1.47% | 6.35% | 2.23% | -2.82% | 1.66% |
FLTW Franklin FTSE Taiwan ETF | 68.03% | 32.00% | 16.68% | 30.05% | -27.51% | 29.46% | 29.77% | 31.23% | -9.32% | -1.28% |
Correlation
The correlation between TWDUSD=X and FLTW is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.45 |
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Return for Risk
TWDUSD=X vs. FLTW — Risk / Return Rank
TWDUSD=X
FLTW
TWDUSD=X vs. FLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TWD/USD (TWDUSD=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.
| TWDUSD=X | FLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.74 | ||
| Sortino ratioReturn per unit of downside risk | -5.59 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.56 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 9.29 | -9.95 |
| Martin ratioReturn relative to average drawdown | -0.92 | 27.41 | -28.32 |
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Drawdowns
TWDUSD=X vs. FLTW - Drawdown Comparison
The maximum TWDUSD=X drawdown since its inception was -17.28%, smaller than the maximum FLTW drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for TWDUSD=X and FLTW.
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Drawdown Indicators
| TWDUSD=X | FLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.28% | -38.00% | +20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -10.87% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -9.90% | -26.45% | +16.55% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | -38.00% | +20.72% |
Max Drawdown (10Y)Largest decline over 10 years | -17.28% | — | — |
Current DrawdownCurrent decline from peak | -13.60% | -6.50% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -8.40% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 3.68% | +0.51% |
Volatility
TWDUSD=X vs. FLTW - Volatility Comparison
The current volatility for TWD/USD (TWDUSD=X) is 1.11%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 14.85%. This indicates that TWDUSD=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
| TWDUSD=X | FLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 14.85% | -13.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 25.08% | -21.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 28.96% | -23.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 23.23% | -17.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.56% | 22.19% | -16.63% |
Frequently Asked Questions
TWDUSD=X and FLTW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTW has higher volatility (14.85%) compared to TWDUSD=X (1.11%). In terms of maximum drawdown, TWDUSD=X dropped -17.28% vs FLTW's -38.00%.
FLTW currently has the higher Sharpe Ratio (3.49 vs -1.25), 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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