TLTD vs TWN

Comparison between FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND (TLTD, ETF) and Taiwan Fund Inc (TWN, ETF).

5-Year PerformanceTWN has outperformed TLTD, delivering a return of +34.9% compared to +10.4%

TLTD vs TWN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TLTD(ETF)	TWN(ETF)
Net Assets	$671M	$671M
Expense Ratio	0.39%	N/A
Max Drawdown	44.58%	71.62%
Sharpe Ratio	1.46	3.56
5Y Beta	0.71	0.88
5Y Dividends CAGR	17.49%	13.36%

Net Assets

TLTD

$671M

Winner

TWN

$671M

Expense Ratio

TLTD

0.39%

TWN

N/A

Max Drawdown

Winner

TLTD

44.58%

TWN

71.62%

Sharpe Ratio

TLTD

1.46

Winner

TWN

3.56

5Y Beta

Winner

TLTD

0.71

TWN

0.88

5Y Dividends CAGR

Winner

TLTD

17.49%

TWN

13.36%

TLTD vs TWN - Historical Returns

Returns include dividend reinvestment.

Period	TLTD	TWN
1 month	+0.83%	+11.08%
3 months	+7.99%	+54.79%
6 months	+10.89%	+95.23%
1 year	+27.10%	+162.09%
5 years(CAGR)	+10.41%	+34.94%
10 years(CAGR)	+9.95%	+29.94%
Max(CAGR)	+8.30%	+11.35%

TLTD

+0.83%

Winner

TWN

+11.08%

TLTD

+7.99%

Winner

TWN

+54.79%

TLTD

+10.89%

Winner

TWN

+95.23%

TLTD

+27.10%

Winner

TWN

+162.09%

5Y(CAGR)

TLTD

+10.41%

Winner

TWN

+34.94%

10Y(CAGR)

TLTD

+9.95%

Winner

TWN

+29.94%

Max(CAGR)

TLTD

+8.30%

Winner

TWN

+11.35%

TLTD vs TWN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TLTD	TWN
2026	+7.98%	+84.84%
2025	+39.87%	+54.22%
2024	+5.94%	+35.45%
2023	+16.61%	+51.64%
2022	-14.24%	-40.37%
2021	+12.78%	+55.56%
2020	+3.29%	+36.34%
2019	+21.55%	+48.10%
2018	-18.30%	-19.52%
2017	+25.61%	+32.76%
2016	+6.81%	+11.50%
2015	-1.07%	-8.90%
2014	-5.04%	-0.30%
2013	+19.26%	+16.46%
2012	+5.81%	+12.23%
2011	N/A	-23.34%
2010	N/A	+31.46%
2009	N/A	+52.57%
2008	N/A	-45.73%
2007	N/A	+12.03%
2006	N/A	+19.43%
2005	N/A	+14.40%
2004	N/A	+7.28%
2003	N/A	+30.77%
2002	N/A	-26.97%
2001	N/A	+10.64%
2000	N/A	-49.79%
1999	N/A	+13.98%

TLTD vs TWN Drawdown Comparison

The maximum drawdown for TLTD was -40.60%, occurring on Mar 23, 2020. Recovery took 741 trading sessions.

The maximum drawdown for TWN was -71.07%, occurring on Sep 20, 2001. Recovery took 2057 trading sessions.

The current TLTD drawdown is -1.98%. The current TWN drawdown is -0.69%.

Rank	TLTD	TWN
#1	-40.60% Jan 26, 2018 - Jan 6, 2021	-71.07% Feb 8, 2000 - Apr 16, 2008
#2	-28.93% Sep 3, 2021 - Mar 1, 2024	-64.47% Apr 16, 2008 - May 8, 2014
#3	-24.90% Jul 2, 2014 - Apr 25, 2017	-51.72% Jan 3, 2022 - Feb 12, 2024
#4	-13.10% Mar 19, 2025 - Apr 28, 2025	-36.26% Jan 17, 2020 - Jul 2, 2020
#5	-12.11% Feb 26, 2026 - Mar 20, 2026	-29.83% Jan 6, 2025 - Jun 9, 2025
#6	-10.13% May 21, 2013 - Aug 13, 2013	-27.91% Jan 25, 2018 - Oct 17, 2019
#7	-8.83% Sep 26, 2024 - Mar 5, 2025	-27.43% May 11, 2015 - Mar 29, 2017
#8	-7.25% Jul 16, 2024 - Aug 21, 2024	-17.72% Jul 10, 2024 - Oct 22, 2024
#9	-6.34% Jan 21, 2014 - Feb 24, 2014	-15.08% Jul 3, 2014 - May 11, 2015
#10	-6.16% Jun 14, 2021 - Sep 3, 2021	-13.79% May 7, 2021 - Jun 1, 2021
#11	-4.90% Oct 17, 2012 - Dec 4, 2012	-12.57% Jul 14, 2021 - Nov 9, 2021
#12	-4.76% Nov 12, 2025 - Nov 28, 2025	-9.61% Mar 7, 2024 - Jun 12, 2024
#13	-4.29% Mar 27, 2024 - May 9, 2024	-9.29% Jun 1, 2026 - Jun 5, 2026
#14	-4.09% Jan 8, 2021 - Feb 8, 2021	-9.09% Oct 29, 2025 - Dec 9, 2025
#15	-3.91% Aug 27, 2024 - Sep 19, 2024	-9.07% May 6, 2026 - May 26, 2026

Correlation

Correlation between TLTD and TWN is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2000 - 2026)

TLTD vs TWN dividend yield comparison.

Year	TLTD	TWN
2026	1.57%	0.00%
2025	3.44%	11.62%
2024	3.88%	19.14%
2023	3.39%	1.26%
2022	2.76%	0.00%
2021	3.44%	7.78%
2020	2.04%	12.91%
2019	3.46%	8.26%
2018	3.16%	11.27%
2017	2.71%	3.16%
2016	2.93%	0.00%
2015	2.56%	0.00%
2014	3.14%	16.11%
2013	1.14%	0.00%
2012	0.21%	0.00%
2011	0.00%	3.87%
2010	0.00%	0.42%
2009	0.00%	0.49%
2008	0.00%	1.86%
2007	0.00%	18.04%
2005	0.00%	0.35%
2004	0.00%	0.23%
2000	0.00%	1.96%