TWN vs. INDAX
Compare and contrast key facts about The Taiwan Fund Inc. (TWN) and ALPS/Kotak India ESG Fund (INDAX).
TWN is managed by Nomura Asset Management. INDAX is managed by ALPS. It was launched on Feb 13, 2011.
Performance
TWN vs. INDAX - Performance Comparison
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TWN vs. INDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWN The Taiwan Fund Inc. | 22.18% | 54.11% | 32.76% | 51.73% | -38.54% | 58.14% | 40.71% | 47.00% | -19.15% | 33.80% |
INDAX ALPS/Kotak India ESG Fund | -16.28% | 2.03% | 10.94% | 16.77% | -12.62% | 26.37% | 14.68% | 8.41% | -12.51% | 39.77% |
Returns By Period
In the year-to-date period, TWN achieves a 22.18% return, which is significantly higher than INDAX's -16.28% return. Over the past 10 years, TWN has outperformed INDAX with an annualized return of 24.03%, while INDAX has yielded a comparatively lower 7.15% annualized return.
TWN
- 1D
- -0.79%
- 1M
- -0.81%
- YTD
- 22.18%
- 6M
- 32.85%
- 1Y
- 119.08%
- 3Y*
- 48.10%
- 5Y*
- 27.10%
- 10Y*
- 24.03%
INDAX
- 1D
- 1.76%
- 1M
- -10.24%
- YTD
- -16.28%
- 6M
- -14.63%
- 1Y
- -10.28%
- 3Y*
- 4.26%
- 5Y*
- 2.20%
- 10Y*
- 7.15%
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TWN vs. INDAX - Expense Ratio Comparison
Return for Risk
TWN vs. INDAX — Risk / Return Rank
TWN
INDAX
TWN vs. INDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Taiwan Fund Inc. (TWN) and ALPS/Kotak India ESG Fund (INDAX). 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 | INDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.58 | -0.74 | +5.32 |
Sortino ratioReturn per unit of downside risk | 4.92 | -0.96 | +5.87 |
Omega ratioGain probability vs. loss probability | 1.71 | 0.89 | +0.82 |
Calmar ratioReturn relative to maximum drawdown | 7.12 | -0.51 | +7.63 |
Martin ratioReturn relative to average drawdown | 33.43 | -1.76 | +35.18 |
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 | INDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.58 | -0.74 | +5.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.15 | +1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 0.43 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.35 | -0.15 |
Correlation
The correlation between TWN and INDAX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TWN vs. INDAX - Dividend Comparison
TWN's dividend yield for the trailing twelve months is around 9.51%, more than INDAX's 6.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TWN The Taiwan Fund Inc. | 9.51% | 11.62% | 19.14% | 1.26% | 0.00% | 7.78% | 12.91% | 8.26% | 11.27% | 3.16% | 0.00% | 0.00% |
INDAX ALPS/Kotak India ESG Fund | 6.72% | 5.62% | 16.14% | 4.43% | 1.65% | 5.48% | 0.00% | 1.30% | 6.55% | 2.79% | 1.32% | 15.14% |
Drawdowns
TWN vs. INDAX - Drawdown Comparison
The maximum TWN drawdown since its inception was -79.52%, which is greater than INDAX's maximum drawdown of -43.98%. Use the drawdown chart below to compare losses from any high point for TWN and INDAX.
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Drawdown Indicators
| TWN | INDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -43.98% | -35.54% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -20.85% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -51.72% | -23.49% | -28.23% |
Max Drawdown (10Y)Largest decline over 10 years | -51.72% | -43.98% | -7.74% |
Current DrawdownCurrent decline from peak | -1.23% | -22.15% | +20.92% |
Average DrawdownAverage peak-to-trough decline | -37.57% | -10.68% | -26.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 6.05% | -2.49% |
Volatility
TWN vs. INDAX - Volatility Comparison
The Taiwan Fund Inc. (TWN) has a higher volatility of 10.26% compared to ALPS/Kotak India ESG Fund (INDAX) at 6.53%. This indicates that TWN's price experiences larger fluctuations and is considered to be riskier than INDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWN | INDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 6.53% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 10.43% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.15% | 14.73% | +11.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 14.99% | +8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 16.75% | +5.18% |