XXTW.L vs. HTWD.L
XXTW.L (Xtrackers MSCI World Information Technology UCITS ETF) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)) are both exchange-traded funds - XXTW.L is a Technology Equities fund tracking the MSCI World Information Technology 20/35 Custom index, while HTWD.L is a Emerging Markets Equities fund tracking the MSCI Taiwan Capped Index. Both are passively managed. Over the past 10 years, XXTW.L returned 19.15%/yr vs 19.79%/yr for HTWD.L. Their 0.43 correlation means their historical movements had little consistent relationship. XXTW.L charges 0.25%/yr vs 0.50%/yr for HTWD.L.
Performance
XXTW.L vs. HTWD.L - Performance Comparison
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Different Trading Currencies
XXTW.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, XXTW.L achieves a 15.37% return, which is significantly lower than HTWD.L's 50.28% return. Both investments have delivered pretty close results over the past 10 years, with XXTW.L having a 19.15% annualized return and HTWD.L not far ahead at 19.79%.
XXTW.L
- 1D
- 0.00%
- 1M
- -2.19%
- 6M
- 16.59%
- YTD
- 15.37%
- 1Y
- 26.61%
- 3Y*
- 14.99%
- 5Y*
- 10.58%
- 10Y*
- 19.15%
- ALL TIME*
- 17.56%
HTWD.L
- 1D
- -2.81%
- 1M
- -9.07%
- 6M
- 37.72%
- YTD
- 50.28%
- 1Y
- 72.57%
- 3Y*
- 35.99%
- 5Y*
- 20.25%
- 10Y*
- 19.79%
- ALL TIME*
- 15.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £296.48K | £291.64K | £484.59K | |
| £635.62K | £533.86K | £515.60K |
XXTW.L vs. HTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF | 15.37% | 13.82% | 36.21% | 21.01% | -30.86% | 29.69% | 43.59% | 48.72% | -4.08% | 38.72% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 50.28% | 22.83% | 27.59% | 22.54% | -21.01% | 28.99% | 32.61% | 28.48% | -3.30% | 16.17% |
Correlation
The correlation between XXTW.L and HTWD.L is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.43 |
Over the past year, XXTW.L and HTWD.L have become more correlated (0.70) than their long-term average of 0.43, meaning their price movements have been converging.
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Return for Risk
XXTW.L vs. HTWD.L — Risk / Return Rank
XXTW.L
HTWD.L
XXTW.L vs. HTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Information Technology UCITS ETF (XXTW.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.
| XXTW.L | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 4.53 | -3.76 |
| Martin ratioReturn relative to average drawdown | 1.28 | 15.96 | -14.68 |
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Drawdowns
XXTW.L vs. HTWD.L - Drawdown Comparison
The maximum XXTW.L drawdown since its inception was -36.07%, which is greater than HTWD.L's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for XXTW.L and HTWD.L.
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Drawdown Indicators
| XXTW.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -32.66% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -15.94% | -18.47% |
Max Drawdown (3Y)Largest decline over 3 years | -34.41% | -29.82% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.07% | -30.12% | -5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | -30.12% | -5.95% |
Current DrawdownCurrent decline from peak | -15.39% | -15.94% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -7.46% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.82% | 4.53% | +16.29% |
Volatility
XXTW.L vs. HTWD.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) is 7.68%, while HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) has a volatility of 11.53%. This indicates that XXTW.L experiences smaller price fluctuations and is considered to be less risky than HTWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XXTW.L | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 11.53% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 23.89% | -7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.64% | 27.15% | +20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.74% | 22.38% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.41% | 21.22% | +6.19% |
XXTW.L vs. HTWD.L - Expense Ratio Comparison
XXTW.L has a 0.25% expense ratio, which is lower than HTWD.L's 0.50% expense ratio.
Dividends
XXTW.L vs. HTWD.L - Dividend Comparison
XXTW.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 1.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) | 1.11% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF | 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
XXTW.L and HTWD.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XXTW.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XXTW.L is cheaper with a 0.25% expense ratio, compared with 0.50% for HTWD.L.
XXTW.L is categorized as Technology Equities, while HTWD.L is Emerging Markets Equities. XXTW.L tracks MSCI World Information Technology 20/35 Custom index, while HTWD.L tracks MSCI Taiwan Capped Index. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.25% for XXTW.L and 0.50% for HTWD.L.
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