TWN vs. EWT
Compare and contrast key facts about The Taiwan Fund Inc. (TWN) and iShares MSCI Taiwan ETF (EWT).
TWN is managed by Nomura Asset Management. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000.
Performance
TWN vs. EWT - Performance Comparison
Loading graphics...
TWN vs. EWT - 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% |
EWT iShares MSCI Taiwan ETF | 11.63% | 28.38% | 16.11% | 23.97% | -28.90% | 26.18% | 31.50% | 33.36% | -9.90% | 26.81% |
Returns By Period
In the year-to-date period, TWN achieves a 23.15% return, which is significantly higher than EWT's 11.63% return. Over the past 10 years, TWN has outperformed EWT with an annualized return of 24.13%, while EWT has yielded a comparatively lower 14.99% 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%
EWT
- 1D
- 2.84%
- 1M
- -6.28%
- YTD
- 11.63%
- 6M
- 16.60%
- 1Y
- 56.23%
- 3Y*
- 22.26%
- 5Y*
- 10.25%
- 10Y*
- 14.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TWN vs. EWT - Expense Ratio Comparison
Return for Risk
TWN vs. EWT — Risk / Return Rank
TWN
EWT
TWN vs. EWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Taiwan Fund Inc. (TWN) and iShares MSCI Taiwan ETF (EWT). 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 | EWT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.65 | 2.11 | +2.55 |
Sortino ratioReturn per unit of downside risk | 4.97 | 2.80 | +2.17 |
Omega ratioGain probability vs. loss probability | 1.72 | 1.38 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 6.97 | 3.55 | +3.42 |
Martin ratioReturn relative to average drawdown | 32.73 | 14.26 | +18.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TWN | EWT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.65 | 2.11 | +2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.46 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 0.71 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.20 | 0.00 |
Correlation
The correlation between TWN and EWT is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TWN vs. EWT - Dividend Comparison
TWN's dividend yield for the trailing twelve months is around 9.43%, more than EWT's 3.97% 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% |
EWT iShares MSCI Taiwan ETF | 3.97% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
Drawdowns
TWN vs. EWT - Drawdown Comparison
The maximum TWN drawdown since its inception was -79.52%, which is greater than EWT's maximum drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for TWN and EWT.
Loading graphics...
Drawdown Indicators
| TWN | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -64.37% | -15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -15.53% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -51.72% | -38.88% | -12.84% |
Max Drawdown (10Y)Largest decline over 10 years | -51.72% | -38.88% | -12.84% |
Current DrawdownCurrent decline from peak | -0.44% | -7.97% | +7.53% |
Average DrawdownAverage peak-to-trough decline | -37.58% | -19.35% | -18.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.87% | -0.31% |
Volatility
TWN vs. EWT - Volatility Comparison
The Taiwan Fund Inc. (TWN) and iShares MSCI Taiwan ETF (EWT) have volatilities of 11.35% and 11.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TWN | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 11.00% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 18.14% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.22% | 26.85% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 22.32% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 21.22% | +0.71% |