XMTW.L vs. FLXT.DE

Last updated Jun 5, 2026

XMTW.L (Xtrackers MSCI Taiwan UCITS ETF 1C) and FLXT.DE (Franklin FTSE Taiwan UCITS ETF USD Capitalisation) are both Asia Pacific Equities funds - XMTW.L tracks the MSCI Taiwan NR USD while FLXT.DE tracks the FTSE Taiwan 30/18 Capped. Both are passively managed. Over the past 3 years, XMTW.L returned 41.00%/yr vs 41.30%/yr for FLXT.DE. Their correlation of 0.94 suggests significant overlap in exposure. XMTW.L charges 0.65%/yr vs 0.19%/yr for FLXT.DE.

Performance

XMTW.L vs. FLXT.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) and Franklin FTSE Taiwan UCITS ETF USD Capitalisation (FLXT.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XMTW.L is traded in GBp, while FLXT.DE is traded in EUR. To make them comparable, the FLXT.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XMTW.L having a 67.90% return and FLXT.DE slightly higher at 68.06%.

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%

FLXT.DE

• 1D: -1.58%
• 1M: 15.31%
• YTD: 68.06%
• 6M: 72.97%
• 1Y: 120.85%
• 3Y*: 41.30%
• 5Y*: —
• 10Y*: —

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

XMTW.L vs. FLXT.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XMTW.L Xtrackers MSCI Taiwan UCITS ETF 1C	67.90%	23.98%	25.99%	21.66%	-16.66%
FLXT.DE Franklin FTSE Taiwan UCITS ETF USD Capitalisation	68.06%	26.13%	24.74%	23.05%	-17.34%

Correlation

The correlation between XMTW.L and FLXT.DE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 23, 2022	0.94

The correlation between XMTW.L and FLXT.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

XMTW.L vs. FLXT.DE — 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

FLXT.DE

FLXT.DE Risk / Return Rank: 97
FLXT.DE Sharpe Ratio Rank: 97
FLXT.DE Sortino Ratio Rank: 96
FLXT.DE Omega Ratio Rank: 96
FLXT.DE Calmar Ratio Rank: 98
FLXT.DE Martin Ratio Rank: 96

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. FLXT.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) and Franklin FTSE Taiwan UCITS ETF USD Capitalisation (FLXT.DE). 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	FLXT.DE	Difference
Sharpe ratio: Return per unit of total volatility	5.22	5.38	-0.15
Sortino ratio: Return per unit of downside risk	5.92	6.05	-0.13
Omega ratio: Gain probability vs. loss probability	1.84	1.86	-0.02
Calmar ratio: Return relative to maximum drawdown	13.03	13.53	-0.51
Martin ratio: Return relative to average drawdown	36.03	39.22	-3.19
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. FLXT.DE - Sharpe Ratio Comparison

The current XMTW.L Sharpe Ratio is 5.22, which is comparable to the FLXT.DE Sharpe Ratio of 5.38. The chart below compares the historical Sharpe Ratios of XMTW.L and FLXT.DE, 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	FLXT.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.22	5.38	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.22	-0.56

Drawdowns

XMTW.L vs. FLXT.DE - Drawdown Comparison

The maximum XMTW.L drawdown since its inception was -47.86%, which is greater than FLXT.DE's maximum drawdown of -30.01%. Use the drawdown chart below to compare losses from any high point for XMTW.L and FLXT.DE.

Drawdown Indicators

	XMTW.L	FLXT.DE	Difference
Max Drawdown Largest peak-to-trough decline	-47.86%	-30.01%	-17.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-8.88%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-28.76%	-30.01%	+1.25%
Max Drawdown (5Y) Largest decline over 5 years	-30.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.18%	—	—
Current Drawdown Current decline from peak	-1.57%	-1.66%	+0.09%
Average Drawdown Average peak-to-trough decline	-8.70%	-6.93%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.07%	+0.21%

Volatility

XMTW.L vs. FLXT.DE - Volatility Comparison

Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) and Franklin FTSE Taiwan UCITS ETF USD Capitalisation (FLXT.DE) have volatilities of 9.41% and 9.38%, 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.

Volatility by Period

	XMTW.L	FLXT.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.41%	9.38%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	18.21%	18.02%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	22.59%	22.37%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	21.52%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	21.52%	-1.46%

XMTW.L vs. FLXT.DE - Expense Ratio Comparison

XMTW.L has a 0.65% expense ratio, which is higher than FLXT.DE's 0.19% expense ratio.

Dividends

XMTW.L vs. FLXT.DE - Dividend Comparison

Neither XMTW.L nor FLXT.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.94, XMTW.L and FLXT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XMTW.L or FLXT.DE?

On fees, FLXT.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMTW.L or FLXT.DE?

FLXT.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for XMTW.L.

What is the main difference between XMTW.L and FLXT.DE?

XMTW.L tracks MSCI Taiwan NR USD, while FLXT.DE tracks FTSE Taiwan 30/18 Capped. They also come from different issuers: Xtrackers and Franklin Templeton. Their fees differ too: 0.65% for XMTW.L and 0.19% for FLXT.DE.