XMTW.L vs. CP9G.L

Last updated Jun 5, 2026

XMTW.L (Xtrackers MSCI Taiwan UCITS ETF 1C) and CP9G.L (Amundi MSCI Pacific ex Japan UCITS DR) are both Asia Pacific Equities funds - XMTW.L tracks the MSCI Taiwan NR USD while CP9G.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, XMTW.L returned 23.25%/yr vs 5.57%/yr for CP9G.L. A 0.59 correlation means they provide meaningful diversification when combined. XMTW.L charges 0.65%/yr vs 0.35%/yr for CP9G.L.

Performance

XMTW.L vs. CP9G.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9G.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMTW.L achieves a 67.90% return, which is significantly higher than CP9G.L's 2.12% return. Over the past 10 years, XMTW.L has outperformed CP9G.L with an annualized return of 23.25%, while CP9G.L has yielded a comparatively lower 5.57% annualized return.

XMTW.L

• 1D: -1.55%
• 1M: 14.93%
• YTD: 67.90%
• 6M: 73.86%
• 1Y: 118.61%
• 3Y*: 41.00%
• 5Y*: 23.21%
• 10Y*: 23.25%

CP9G.L

• 1D: -0.61%
• 1M: -3.23%
• YTD: 2.12%
• 6M: 2.11%
• 1Y: 4.18%
• 3Y*: 2.90%
• 5Y*: 1.86%
• 10Y*: 5.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XMTW.L vs. CP9G.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMTW.L Xtrackers MSCI Taiwan UCITS ETF 1C	67.90%	23.98%	25.99%	21.66%	-21.11%	28.96%	32.40%	29.87%	-3.71%	16.78%
CP9G.L Amundi MSCI Pacific ex Japan UCITS DR	2.12%	5.89%	0.85%	-0.56%	-1.42%	6.76%	0.48%	13.35%	-5.17%	14.63%

Correlation

The correlation between XMTW.L and CP9G.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 9, 2015	0.59

Over the past year, the correlation between XMTW.L and CP9G.L has dropped to 0.25 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

XMTW.L vs. CP9G.L - Sectors Allocation Comparison

Sectors	XMTW.L	CP9G.L
Technology	78.9%	2.2%
Financial Services	11.8%	48.0%
Industrials	2.8%	11.3%
Basic Materials	2.4%	10.4%
Communication Services	1.5%	2.5%
Consumer Cyclical	1.2%	3.9%
Consumer Defensive	0.8%	3.1%
Healthcare	0.6%	4.7%
Energy	-	-
Real Estate	-	12.3%
Utilities	-	1.6%

Return for Risk

XMTW.L vs. CP9G.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMTW.L

XMTW.L Risk / Return Rank: 97
XMTW.L Sharpe Ratio Rank: 98
XMTW.L Sortino Ratio Rank: 97
XMTW.L Omega Ratio Rank: 97
XMTW.L Calmar Ratio Rank: 98
XMTW.L Martin Ratio Rank: 96

CP9G.L

CP9G.L Risk / Return Rank: 15
CP9G.L Sharpe Ratio Rank: 14
CP9G.L Sortino Ratio Rank: 14
CP9G.L Omega Ratio Rank: 14
CP9G.L Calmar Ratio Rank: 15
CP9G.L Martin Ratio Rank: 16

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.

XMTW.L vs. CP9G.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9G.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.

	XMTW.L	CP9G.L	Difference
Sharpe ratio: Return per unit of total volatility	5.22	0.33	+4.89
Sortino ratio: Return per unit of downside risk	5.92	0.56	+5.36
Omega ratio: Gain probability vs. loss probability	1.84	1.07	+0.77
Calmar ratio: Return relative to maximum drawdown	13.03	0.50	+12.52
Martin ratio: Return relative to average drawdown	36.03	1.44	+34.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMTW.L vs. CP9G.L - Sharpe Ratio Comparison

The current XMTW.L Sharpe Ratio is 5.22, which is higher than the CP9G.L Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of XMTW.L and CP9G.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.

Sharpe Ratios by Period

	XMTW.L	CP9G.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.22	0.33	+4.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	0.13	+1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.16	0.36	+0.80
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.40	+0.26

Drawdowns

XMTW.L vs. CP9G.L - Drawdown Comparison

The maximum XMTW.L drawdown since its inception was -47.86%, which is greater than CP9G.L's maximum drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for XMTW.L and CP9G.L.

Drawdown Indicators

	XMTW.L	CP9G.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.86%	-32.32%	-15.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-8.26%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-28.76%	-15.80%	-12.96%
Max Drawdown (5Y) Largest decline over 5 years	-30.18%	-18.14%	-12.04%
Max Drawdown (10Y) Largest decline over 10 years	-30.18%	-32.32%	+2.14%
Current Drawdown Current decline from peak	-1.57%	-5.85%	+4.28%
Average Drawdown Average peak-to-trough decline	-8.70%	-6.04%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.91%	+0.37%

Volatility

XMTW.L vs. CP9G.L - Volatility Comparison

Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) has a higher volatility of 9.41% compared to Amundi MSCI Pacific ex Japan UCITS DR (CP9G.L) at 4.27%. This indicates that XMTW.L's price experiences larger fluctuations and is considered to be riskier than CP9G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMTW.L	CP9G.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.41%	4.27%	+5.14%
Volatility (6M) Calculated over the trailing 6-month period	18.21%	10.42%	+7.79%
Volatility (1Y) Calculated over the trailing 1-year period	22.59%	12.62%	+9.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	13.91%	+6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	15.70%	+4.36%

XMTW.L vs. CP9G.L - Expense Ratio Comparison

XMTW.L has a 0.65% expense ratio, which is higher than CP9G.L's 0.35% expense ratio.

Dividends

XMTW.L vs. CP9G.L - Dividend Comparison

Neither XMTW.L nor CP9G.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XMTW.L and CP9G.L in my portfolio?

XMTW.L and CP9G.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMTW.L or CP9G.L?

On fees, CP9G.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMTW.L or CP9G.L?

CP9G.L is cheaper with a 0.35% expense ratio, compared with 0.65% for XMTW.L.

What is the main difference between XMTW.L and CP9G.L?

XMTW.L tracks MSCI Taiwan NR USD, while CP9G.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.65% for XMTW.L and 0.35% for CP9G.L.