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XMID.L vs. ITWN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMID.L vs. ITWN.L

Last updated Jun 4, 2026

XMID.L (Xtrackers MSCI Indonesia Swap UCITS ETF 1C) and ITWN.L (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds - XMID.L tracks the MSCI Indonesia NR IDR while ITWN.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 10 years, XMID.L returned -3.15%/yr vs 23.12%/yr for ITWN.L. At a 0.42 correlation, their price movements are largely independent. XMID.L charges 0.65%/yr vs 0.74%/yr for ITWN.L.

Performance

XMID.L vs. ITWN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Indonesia Swap UCITS ETF 1C (XMID.L) and iShares MSCI Taiwan UCITS ETF (ITWN.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XMID.L achieves a -38.06% return, which is significantly lower than ITWN.L's 67.93% return. Over the past 10 years, XMID.L has underperformed ITWN.L with an annualized return of -3.15%, while ITWN.L has yielded a comparatively higher 23.12% annualized return.

XMID.L

1D
-3.61%
1M
-15.88%
YTD
-38.06%
6M
-39.43%
1Y
-38.33%
3Y*
-22.42%
5Y*
-8.65%
10Y*
-3.15%

ITWN.L

1D
-1.63%
1M
14.84%
YTD
67.93%
6M
73.48%
1Y
117.37%
3Y*
40.47%
5Y*
22.94%
10Y*
23.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMID.L vs. ITWN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMID.L
Xtrackers MSCI Indonesia Swap UCITS ETF 1C		-38.06%-8.44%-12.66%-0.27%14.84%1.39%-10.64%3.73%-4.01%12.41%
ITWN.L
iShares MSCI Taiwan UCITS ETF		67.93%22.61%25.77%21.84%-21.08%29.84%29.40%30.88%-3.90%16.56%

Correlation

The correlation between XMID.L and ITWN.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2010

0.42

The correlation between XMID.L and ITWN.L shifts across timeframes, from 0.23 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

XMID.L vs. ITWN.L - Sectors Allocation Comparison

Sectors
XMID.L
ITWN.L

Financial Services

51.0%
10.9%

Basic Materials

17.2%
2.0%

Communication Services

9.5%
1.4%

Industrials

8.3%
2.4%

Energy

4.6%

-

Consumer Defensive

3.7%
0.8%

Technology

3.3%
80.7%

Utilities

2.4%

-

Consumer Cyclical

-

1.2%

Healthcare

-

0.6%

Real Estate

-

-

Financial Services

XMID.L
51.0%
ITWN.L
10.9%

Basic Materials

XMID.L
17.2%
ITWN.L
2.0%

Communication Services

XMID.L
9.5%
ITWN.L
1.4%

Industrials

XMID.L
8.3%
ITWN.L
2.4%

Energy

XMID.L
4.6%
ITWN.L

-

Consumer Defensive

XMID.L
3.7%
ITWN.L
0.8%

Technology

XMID.L
3.3%
ITWN.L
80.7%

Utilities

XMID.L
2.4%
ITWN.L

-

Consumer Cyclical

XMID.L

-

ITWN.L
1.2%

Healthcare

XMID.L

-

ITWN.L
0.6%

Real Estate

XMID.L

-

ITWN.L

-

Compare stocks, funds, or ETFs

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Xtrackers MSCI Indonesia Swap UCITS ETF 1C

iShares MSCI Taiwan UCITS ETF

Often compared with XMID.L:
XMID.L vs. SPYXMID.L vs. IKOR.LXMID.L vs. ASDV.LXMID.L vs. MPXG.LXMID.L vs. CP9G.LXMID.L vs. HKOR.LXMID.L vs. FLRK.L
Often compared with ITWN.L:
ITWN.L vs. QQQITWN.L vs. SPINXITWN.L vs. TSMITWN.L vs. VTIITWN.L vs. VWCE.DEITWN.L vs. FLXT.DEITWN.L vs. FLIN

Return for Risk

XMID.L vs. ITWN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMID.L
XMID.L Risk / Return Rank: 00
Overall Rank
XMID.L Sharpe Ratio Rank: 00
Sharpe Ratio Rank
XMID.L Sortino Ratio Rank: 00
Sortino Ratio Rank
XMID.L Omega Ratio Rank: 00
Omega Ratio Rank
XMID.L Calmar Ratio Rank: 11
Calmar Ratio Rank
XMID.L Martin Ratio Rank: 00
Martin Ratio Rank
ITWN.L
ITWN.L Risk / Return Rank: 9797
Overall Rank
ITWN.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
ITWN.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
ITWN.L Omega Ratio Rank: 9696
Omega Ratio Rank
ITWN.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
ITWN.L Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XMID.L vs. ITWN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Indonesia Swap UCITS ETF 1C (XMID.L) and iShares MSCI Taiwan UCITS ETF (ITWN.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.

XMID.LITWN.LDifference
Sharpe ratioReturn per unit of total volatility
-1.57
5.10

-6.67

Sortino ratioReturn per unit of downside risk
-2.34
5.92

-8.25

Omega ratioGain probability vs. loss probability

0.72

1.81

-1.09

Calmar ratioReturn relative to maximum drawdown

-0.93

12.46

-13.39

Martin ratioReturn relative to average drawdown

-2.55

34.79

-37.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMID.L vs. ITWN.L - Sharpe Ratio Comparison

The current XMID.L Sharpe Ratio is -1.57, which is lower than the ITWN.L Sharpe Ratio of 5.10. The chart below compares the historical Sharpe Ratios of XMID.L and ITWN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XMID.LITWN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.57

5.10

-6.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.43

1.10

-1.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.14

1.17

-1.31

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.11

0.64

-0.76

Drawdowns

XMID.L vs. ITWN.L - Drawdown Comparison

The maximum XMID.L drawdown since its inception was -57.35%, which is greater than ITWN.L's maximum drawdown of -48.27%. Use the drawdown chart below to compare losses from any high point for XMID.L and ITWN.L.

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Drawdown Indicators

XMID.LITWN.LDifference

Max Drawdown

Largest peak-to-trough decline

-57.35%

-48.27%

-9.08%

Max Drawdown (1Y)

Largest decline over 1 year

-41.31%

-9.36%

-31.95%

Max Drawdown (3Y)

Largest decline over 3 years

-53.58%

-29.32%

-24.26%

Max Drawdown (5Y)

Largest decline over 5 years

-57.35%

-30.07%

-27.28%

Max Drawdown (10Y)

Largest decline over 10 years

-57.35%

-30.07%

-27.28%

Current Drawdown

Current decline from peak

-57.35%

-1.80%

-55.55%

Average Drawdown

Average peak-to-trough decline

-17.96%

-9.18%

-8.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.00%

3.36%

+11.64%

Volatility

XMID.L vs. ITWN.L - Volatility Comparison

The current volatility for Xtrackers MSCI Indonesia Swap UCITS ETF 1C (XMID.L) is 6.91%, while iShares MSCI Taiwan UCITS ETF (ITWN.L) has a volatility of 9.68%. This indicates that XMID.L experiences smaller price fluctuations and is considered to be less risky than ITWN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMID.LITWN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.91%

9.68%

-2.77%

Volatility (6M)

Calculated over the trailing 6-month period

19.69%

18.60%

+1.09%

Volatility (1Y)

Calculated over the trailing 1-year period

24.42%

22.88%

+1.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.04%

20.77%

-0.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.32%

20.55%

+2.77%

XMID.L vs. ITWN.L - Expense Ratio Comparison

XMID.L has a 0.65% expense ratio, which is lower than ITWN.L's 0.74% expense ratio.

Dividends

XMID.L vs. ITWN.L - Dividend Comparison

XMID.L has not paid dividends to shareholders, while ITWN.L's dividend yield for the trailing twelve months is around 0.89%.

PositionTTM20252024202320222021202020192018201720162015
ITWN.L
iShares MSCI Taiwan UCITS ETF		0.89%1.50%1.37%2.14%3.54%1.33%1.83%2.28%2.72%2.74%2.86%3.23%
XMID.L
Xtrackers MSCI Indonesia Swap 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

XMID.L and ITWN.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMID.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMID.L is cheaper with a 0.65% expense ratio, compared with 0.74% for ITWN.L.

XMID.L tracks MSCI Indonesia NR IDR, while ITWN.L tracks MSCI Taiwan NR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.65% for XMID.L and 0.74% for ITWN.L.

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