TWN vs. DDVCX
TWN (The Taiwan Fund Inc.) and DDVCX (Nomura Value Fund Class C) are both mutual funds - TWN is a Taiwan Equities fund managed by Nomura, while DDVCX is a Large Cap Value Equities fund actively managed by Nomura. Over the past 10 years, TWN returned 26.14%/yr vs 6.87%/yr for DDVCX. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
TWN vs. DDVCX - Performance Comparison
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Returns By Period
In the year-to-date period, TWN achieves a 57.16% return, which is significantly higher than DDVCX's 8.95% return. Over the past 10 years, TWN has outperformed DDVCX with an annualized return of 26.14%, while DDVCX has yielded a comparatively lower 6.87% annualized return.
TWN
- 1D
- 2.17%
- 1M
- -10.65%
- 6M
- 43.89%
- YTD
- 57.16%
- 1Y
- 102.97%
- 3Y*
- 52.79%
- 5Y*
- 27.04%
- 10Y*
- 26.14%
- ALL TIME*
- 6.83%
DDVCX
- 1D
- 0.70%
- 1M
- 1.49%
- 6M
- 2.81%
- YTD
- 8.95%
- 1Y
- 17.20%
- 3Y*
- 8.33%
- 5Y*
- 5.50%
- 10Y*
- 6.87%
- ALL TIME*
- 6.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.78M | $3.68M | $5.09M |
TWN vs. DDVCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWN The Taiwan Fund Inc. | 57.16% | 54.11% | 32.76% | 51.73% | -38.54% | 58.14% | 40.71% | 47.00% | -19.15% | 33.80% |
DDVCX Nomura Value Fund Class C | 8.95% | 9.95% | 5.68% | 1.06% | -4.57% | 20.87% | -0.63% | 19.33% | -3.92% | 12.51% |
Correlation
The correlation between TWN and DDVCX is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2002 | 0.44 |
Over the past year, the correlation between TWN and DDVCX has dropped to 0.19 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
TWN vs. DDVCX — Risk / Return Rank
TWN
DDVCX
TWN vs. DDVCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Taiwan Fund Inc. (TWN) and Nomura Value Fund Class C (DDVCX). 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.
| TWN | DDVCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.25 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 1.90 | +2.49 |
| Martin ratioReturn relative to average drawdown | 19.68 | 5.14 | +14.54 |
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Drawdowns
TWN vs. DDVCX - Drawdown Comparison
The maximum TWN drawdown since its inception was -79.52%, which is greater than DDVCX's maximum drawdown of -54.29%. Use the drawdown chart below to compare losses from any high point for TWN and DDVCX.
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Drawdown Indicators
| TWN | DDVCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -54.29% | -25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -23.58% | -8.59% | -14.99% |
Max Drawdown (3Y)Largest decline over 3 years | -29.97% | -18.71% | -11.26% |
Max Drawdown (5Y)Largest decline over 5 years | -51.72% | -18.71% | -33.01% |
Max Drawdown (10Y)Largest decline over 10 years | -51.72% | -37.60% | -14.12% |
Current DrawdownCurrent decline from peak | -17.37% | -1.19% | -16.18% |
Average DrawdownAverage peak-to-trough decline | -37.28% | -9.00% | -28.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 3.18% | +2.07% |
Volatility
TWN vs. DDVCX - Volatility Comparison
The Taiwan Fund Inc. (TWN) has a higher volatility of 13.69% compared to Nomura Value Fund Class C (DDVCX) at 2.88%. This indicates that TWN's price experiences larger fluctuations and is considered to be riskier than DDVCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWN | DDVCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.69% | 2.88% | +10.81% |
Volatility (6M)Calculated over the trailing 6-month period | 28.56% | 8.93% | +19.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 11.96% | +19.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 14.49% | +10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.15% | 17.04% | +6.11% |
Dividends
TWN vs. DDVCX - Dividend Comparison
TWN's dividend yield for the trailing twelve months is around 7.39%, less than DDVCX's 24.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDVCX Nomura Value Fund Class C | 24.09% | 26.55% | 30.88% | 10.78% | 9.46% | 23.96% | 1.92% | 4.13% | 5.29% | 3.08% | 1.57% | 1.97% |
TWN The Taiwan Fund Inc. | 7.39% | 11.62% | 19.14% | 1.26% | 0.00% | 7.78% | 12.91% | 8.26% | 11.27% | 3.16% | 0.00% | 0.00% |
Frequently Asked Questions
TWN and DDVCX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWN has higher volatility (13.69%) compared to DDVCX (2.88%). In terms of maximum drawdown, TWN dropped -79.52% vs DDVCX's -54.29%.
TWN currently has the higher Sharpe Ratio (3.30 vs 1.38), 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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