XDEX.L vs. HTWD.L
XDEX.L (Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - XDEX.L tracks the MSCI EM NR USD while HTWD.L tracks the MSCI Taiwan Capped Index. Both are passively managed. Over the past 10 years, XDEX.L returned 11.80%/yr vs 19.91%/yr for HTWD.L. A 0.70 correlation means they provide meaningful diversification when combined. XDEX.L charges 0.18%/yr vs 0.50%/yr for HTWD.L.
Performance
XDEX.L vs. HTWD.L - Performance Comparison
Loading charts...
Different Trading Currencies
XDEX.L is traded in GBp, while HTWD.L is traded in USD. To make them comparable, the HTWD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEX.L achieves a 25.56% return, which is significantly lower than HTWD.L's 51.82% return. Over the past 10 years, XDEX.L has underperformed HTWD.L with an annualized return of 11.80%, while HTWD.L has yielded a comparatively higher 19.91% annualized return.
XDEX.L
- 1D
- -1.41%
- 1M
- -12.07%
- 6M
- 17.79%
- YTD
- 25.56%
- 1Y
- 46.34%
- 3Y*
- 19.39%
- 5Y*
- 10.48%
- 10Y*
- 11.80%
HTWD.L
- 1D
- -3.97%
- 1M
- -11.64%
- 6M
- 41.55%
- YTD
- 51.82%
- 1Y
- 73.20%
- 3Y*
- 36.89%
- 5Y*
- 19.87%
- 10Y*
- 19.91%
XDEX.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEX.L Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C | 25.56% | 28.16% | 2.86% | 2.89% | -10.24% | 20.08% | 12.90% | 21.94% | -4.60% | 14.14% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 51.82% | 22.83% | 27.59% | 22.54% | -21.01% | 28.99% | 32.61% | 28.48% | -3.30% | 16.17% |
Correlation
The correlation between XDEX.L and HTWD.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2015 | 0.70 |
The correlation between XDEX.L and HTWD.L shifts across timeframes, from 0.70 (10 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XDEX.L vs. HTWD.L — Risk / Return Rank
XDEX.L
HTWD.L
XDEX.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) and HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L). 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.
| XDEX.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 4.83 | -1.84 |
| Martin ratioReturn relative to average drawdown | 10.69 | 18.16 | -7.46 |
Loading charts...
Drawdowns
XDEX.L vs. HTWD.L - Drawdown Comparison
The maximum XDEX.L drawdown since its inception was -24.54%, smaller than the maximum HTWD.L drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for XDEX.L and HTWD.L.
Loading charts...
Drawdown Indicators
| XDEX.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -32.66% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -15.07% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -29.82% | +12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -30.12% | +11.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.54% | -30.12% | +5.58% |
Current DrawdownCurrent decline from peak | -15.43% | -15.07% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -7.45% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 4.02% | +0.30% |
Volatility
XDEX.L vs. HTWD.L - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) and HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) have volatilities of 10.45% and 10.84%, 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 charts...
Volatility by Period
| XDEX.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 10.84% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 20.53% | 23.02% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 26.48% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 22.21% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 21.12% | -5.08% |
XDEX.L vs. HTWD.L - Expense Ratio Comparison
XDEX.L has a 0.18% expense ratio, which is lower than HTWD.L's 0.50% expense ratio.
Dividends
XDEX.L vs. HTWD.L - Dividend Comparison
XDEX.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 1.08% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
XDEX.L Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDEX.L and HTWD.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEX.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEX.L is cheaper with a 0.18% expense ratio, compared with 0.50% for HTWD.L.
XDEX.L tracks MSCI EM NR USD, while HTWD.L tracks MSCI Taiwan Capped Index. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.18% for XDEX.L and 0.50% for HTWD.L.
Find the right allocation for XDEX.L and HTWD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer