IWDL vs LTAX

Comparison between UBS AG London Branch (IWDL, ETF) and Nomura TaxFree USA ETF (LTAX, ETF).

IWDL vs LTAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IWDL(ETF)	LTAX(ETF)
Net Assets	$6.20M	$6.30M
Expense Ratio	N/A	0.39%
Max Drawdown	37.95%	3.49%
Sharpe Ratio	1.69	-0.57
5Y Beta	1.51	0.16

Net Assets

IWDL

$6.20M

Winner

LTAX

$6.30M

Expense Ratio

IWDL

N/A

LTAX

0.39%

Max Drawdown

IWDL

37.95%

Winner

LTAX

3.49%

Sharpe Ratio

Winner

IWDL

1.69

LTAX

-0.57

5Y Beta

IWDL

1.51

Winner

LTAX

0.16

IWDL vs LTAX - Historical Returns

Returns include dividend reinvestment.

Period	IWDL	LTAX
1 month	+3.39%	-1.85%
3 months	+15.29%	-0.93%
6 months	+24.07%	+0.51%
1 year	+47.62%	N/A
5 years(CAGR)	+15.08%	N/A
Max(CAGR)	+18.41%	+0.44%

Winner

IWDL

+3.39%

LTAX

-1.85%

Winner

IWDL

+15.29%

LTAX

-0.93%

Winner

IWDL

+24.07%

LTAX

+0.51%

IWDL

+47.62%

LTAX

N/A

5Y(CAGR)

IWDL

+15.08%

LTAX

N/A

Max(CAGR)

Winner

IWDL

+18.41%

LTAX

+0.44%

IWDL vs LTAX - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	IWDL	LTAX
2026	+37.15%	+0.23%
2025	+25.53%	N/A
2024	+20.00%	N/A
2023	+13.54%	N/A
2022	-21.61%	N/A
2021	+40.35%	N/A

IWDL vs LTAX Drawdown Comparison

The maximum drawdown for IWDL was -37.95%, occurring on Sep 30, 2022. Recovery took 554 trading sessions.

The maximum drawdown for LTAX was -3.18%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.

The current IWDL drawdown is -2.42%. The current LTAX drawdown is -2.85%.

Rank	IWDL	LTAX
#1	-37.95% Jan 12, 2022 - Mar 28, 2024	-3.18% Feb 26, 2026 - May 29, 2026
#2	-31.78% Nov 29, 2024 - Sep 11, 2025	-2.85% Jul 6, 2026 - Jul 23, 2026
#3	-13.53% Mar 2, 2026 - Apr 17, 2026	-0.78% Jan 14, 2026 - Feb 5, 2026
#4	-11.09% Nov 8, 2021 - Dec 27, 2021	-0.51% Jun 4, 2026 - Jun 15, 2026
#5	-10.69% Mar 28, 2024 - Jul 16, 2024	-0.31% Jun 16, 2026 - Jun 18, 2026
#6	-9.93% Jul 31, 2024 - Aug 21, 2024	-0.27% Feb 10, 2026 - Feb 12, 2026
#7	-9.18% Jun 4, 2021 - Aug 11, 2021	-0.27% Feb 5, 2026 - Feb 9, 2026
#8	-8.54% Sep 2, 2021 - Oct 19, 2021	-0.21% Jun 2, 2026 - Jun 4, 2026
#9	-7.72% Nov 12, 2025 - Nov 26, 2025	-0.19% Feb 24, 2026 - Feb 26, 2026
#10	-6.59% Oct 18, 2024 - Nov 6, 2024	-0.16% Jun 29, 2026 - Jul 2, 2026
#11	-6.46% May 7, 2021 - Jun 4, 2021	-0.08% Jun 18, 2026 - Jun 24, 2026
#12	-5.90% Aug 30, 2024 - Sep 19, 2024	-0.01% Feb 13, 2026 - Feb 18, 2026
#13	-5.68% Oct 6, 2025 - Oct 24, 2025	-0.00% Feb 19, 2026 - Feb 24, 2026
#14	-5.47% Feb 24, 2021 - Mar 8, 2021	N/A
#15	-5.14% Dec 24, 2025 - Jan 5, 2026	N/A