TWN vs. ASIAX
Compare and contrast key facts about The Taiwan Fund Inc. (TWN) and Invesco EQV Asia Pacific Equity Fund (ASIAX).
TWN is managed by Nomura Asset Management. ASIAX is managed by Invesco. It was launched on Nov 2, 1997.
Performance
TWN vs. ASIAX - Performance Comparison
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TWN vs. ASIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWN The Taiwan Fund Inc. | 23.15% | 54.11% | 32.76% | 51.73% | -38.54% | 58.14% | 40.71% | 47.00% | -19.15% | 33.80% |
ASIAX Invesco EQV Asia Pacific Equity Fund | -2.04% | 24.56% | 9.59% | 0.87% | -10.82% | -6.10% | 25.76% | 17.78% | -11.50% | 29.13% |
Returns By Period
In the year-to-date period, TWN achieves a 23.15% return, which is significantly higher than ASIAX's -2.04% return. Over the past 10 years, TWN has outperformed ASIAX with an annualized return of 24.13%, while ASIAX has yielded a comparatively lower 7.03% annualized return.
TWN
- 1D
- 1.00%
- 1M
- -0.36%
- YTD
- 23.15%
- 6M
- 35.55%
- 1Y
- 120.89%
- 3Y*
- 48.50%
- 5Y*
- 27.31%
- 10Y*
- 24.13%
ASIAX
- 1D
- -0.65%
- 1M
- -11.53%
- YTD
- -2.04%
- 6M
- 3.87%
- 1Y
- 25.13%
- 3Y*
- 8.75%
- 5Y*
- 2.08%
- 10Y*
- 7.03%
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TWN vs. ASIAX - Expense Ratio Comparison
Return for Risk
TWN vs. ASIAX — Risk / Return Rank
TWN
ASIAX
TWN vs. ASIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Taiwan Fund Inc. (TWN) and Invesco EQV Asia Pacific Equity Fund (ASIAX). 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.
| TWN | ASIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.65 | 1.51 | +3.14 |
Sortino ratioReturn per unit of downside risk | 4.97 | 2.07 | +2.90 |
Omega ratioGain probability vs. loss probability | 1.72 | 1.30 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 6.97 | 1.97 | +5.00 |
Martin ratioReturn relative to average drawdown | 32.73 | 7.91 | +24.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TWN | ASIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.65 | 1.51 | +3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.14 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 0.47 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.46 | -0.26 |
Correlation
The correlation between TWN and ASIAX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TWN vs. ASIAX - Dividend Comparison
TWN's dividend yield for the trailing twelve months is around 9.43%, less than ASIAX's 21.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TWN The Taiwan Fund Inc. | 9.43% | 11.62% | 19.14% | 1.26% | 0.00% | 7.78% | 12.91% | 8.26% | 11.27% | 3.16% | 0.00% | 0.00% |
ASIAX Invesco EQV Asia Pacific Equity Fund | 21.86% | 21.41% | 8.68% | 2.84% | 7.25% | 7.71% | 7.37% | 5.67% | 7.17% | 7.91% | 1.09% | 3.15% |
Drawdowns
TWN vs. ASIAX - Drawdown Comparison
The maximum TWN drawdown since its inception was -79.52%, which is greater than ASIAX's maximum drawdown of -63.78%. Use the drawdown chart below to compare losses from any high point for TWN and ASIAX.
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Drawdown Indicators
| TWN | ASIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -63.78% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -11.73% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -51.72% | -32.40% | -19.32% |
Max Drawdown (10Y)Largest decline over 10 years | -51.72% | -36.32% | -15.40% |
Current DrawdownCurrent decline from peak | -0.44% | -11.73% | +11.29% |
Average DrawdownAverage peak-to-trough decline | -37.58% | -15.17% | -22.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.98% | +0.58% |
Volatility
TWN vs. ASIAX - Volatility Comparison
The Taiwan Fund Inc. (TWN) has a higher volatility of 11.35% compared to Invesco EQV Asia Pacific Equity Fund (ASIAX) at 6.73%. This indicates that TWN's price experiences larger fluctuations and is considered to be riskier than ASIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWN | ASIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 6.73% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 11.68% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.22% | 16.54% | +9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 14.65% | +8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 15.02% | +6.91% |