TWN vs IBMQ

Comparison between Taiwan Fund Inc (TWN, ETF) and ISHARES IBONDS DEC 2028 TERM MUNI BOND ETF (IBMQ, ETF).

5-Year PerformanceTWN has outperformed IBMQ, delivering a return of +28.5% compared to +0.4%

TWN vs IBMQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TWN(ETF)	IBMQ(ETF)
Net Assets	$652M	$653M
Expense Ratio	N/A	0.18%
Max Drawdown	71.62%	15.85%
Sharpe Ratio	2.56	-0.89
5Y Beta	0.92	0.03
5Y Dividends CAGR	13.36%	15.19%

Net Assets

TWN

$652M

Winner

IBMQ

$653M

Expense Ratio

TWN

N/A

IBMQ

0.18%

Max Drawdown

TWN

71.62%

Winner

IBMQ

15.85%

Sharpe Ratio

Winner

TWN

2.56

IBMQ

-0.89

5Y Beta

TWN

0.92

Winner

IBMQ

0.03

5Y Dividends CAGR

TWN

13.36%

Winner

IBMQ

15.19%

TWN vs IBMQ - Historical Returns

Returns include dividend reinvestment.

Period	TWN	IBMQ
1 month	-13.33%	+0.09%
3 months	+5.48%	+0.50%
6 months	+59.76%	+0.72%
1 year	+111.75%	+2.71%
5 years(CAGR)	+28.48%	+0.39%
10 years(CAGR)	+27.26%	N/A
Max(CAGR)	+10.73%	+2.00%

TWN

-13.33%

Winner

IBMQ

+0.09%

Winner

TWN

+5.48%

IBMQ

+0.50%

Winner

TWN

+59.76%

IBMQ

+0.72%

Winner

TWN

+111.75%

IBMQ

+2.71%

5Y(CAGR)

Winner

TWN

+28.48%

IBMQ

+0.39%

10Y(CAGR)

TWN

+27.26%

IBMQ

N/A

Max(CAGR)

Winner

TWN

+10.73%

IBMQ

+2.00%

TWN vs IBMQ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TWN	IBMQ
2026	+60.49%	+1.00%
2025	+54.22%	+3.96%
2024	+35.45%	+0.83%
2023	+51.64%	+3.77%
2022	-40.37%	-6.60%
2021	+55.56%	-0.23%
2020	+36.34%	+6.79%
2019	+48.10%	+5.39%
2018	-19.52%	N/A
2017	+32.76%	N/A
2016	+11.50%	N/A
2015	-8.90%	N/A
2014	-0.30%	N/A
2013	+16.46%	N/A
2012	+12.23%	N/A
2011	-23.34%	N/A
2010	+31.46%	N/A
2009	+52.57%	N/A
2008	-45.73%	N/A
2007	+12.03%	N/A
2006	+19.43%	N/A
2005	+14.40%	N/A
2004	+7.28%	N/A
2003	+30.77%	N/A
2002	-26.97%	N/A
2001	+10.64%	N/A
2000	-49.79%	N/A
1999	+13.98%	N/A

TWN vs IBMQ Drawdown Comparison

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

The maximum drawdown for IBMQ was -15.85%, occurring on Mar 23, 2020. Recovery took 88 trading sessions.

The current TWN drawdown is -13.77%. The current IBMQ drawdown is -0.14%.

Rank	TWN	IBMQ
#1	-71.07% Feb 8, 2000 - Apr 16, 2008	-15.85% Mar 9, 2020 - Jul 14, 2020
#2	-64.47% Apr 16, 2008 - May 8, 2014	-11.60% Feb 11, 2021 - Sep 4, 2025
#3	-51.72% Jan 3, 2022 - Feb 12, 2024	-2.44% Aug 28, 2019 - Jan 14, 2020
#4	-36.26% Jan 17, 2020 - Jul 2, 2020	-1.87% Aug 7, 2020 - Dec 10, 2020
#5	-29.83% Jan 6, 2025 - Jun 9, 2025	-1.13% Feb 27, 2026 - Jun 25, 2026
#6	-27.91% Jan 25, 2018 - Oct 17, 2019	-0.87% Sep 18, 2025 - Jan 5, 2026
#7	-27.43% May 11, 2015 - Mar 29, 2017	-0.56% Jan 31, 2020 - Feb 20, 2020
#8	-17.72% Jul 10, 2024 - Oct 22, 2024	-0.40% Jan 6, 2021 - Jan 27, 2021
#9	-17.67% Jun 1, 2026 - Jul 20, 2026	-0.38% Aug 15, 2019 - Aug 28, 2019
#10	-15.08% Jul 3, 2014 - May 11, 2015	-0.26% Jun 3, 2019 - Jun 18, 2019
#11	-13.79% May 7, 2021 - Jun 1, 2021	-0.26% Feb 27, 2020 - Mar 6, 2020
#12	-12.57% Jul 14, 2021 - Nov 9, 2021	-0.23% Aug 12, 2019 - Aug 14, 2019
#13	-9.61% Mar 7, 2024 - Jun 12, 2024	-0.22% May 17, 2019 - May 23, 2019
#14	-9.09% Oct 29, 2025 - Dec 9, 2025	-0.20% May 7, 2019 - May 9, 2019
#15	-9.07% May 6, 2026 - May 26, 2026	-0.19% Jul 3, 2019 - Jul 9, 2019

Correlation

Correlation between TWN and IBMQ is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.65

-101

Dividend Comparison (2000 - 2026)

TWN vs IBMQ dividend yield comparison.

Year	TWN	IBMQ
2026	0.00%	1.23%
2025	11.62%	2.43%
2024	19.14%	2.33%
2023	1.26%	1.93%
2022	0.00%	1.25%
2021	7.78%	1.05%
2020	12.91%	1.24%
2019	8.26%	1.03%
2018	11.27%	0.00%
2017	3.16%	0.00%
2014	16.11%	0.00%
2011	3.87%	0.00%
2010	0.42%	0.00%
2009	0.49%	0.00%
2008	1.86%	0.00%
2007	18.04%	0.00%
2005	0.35%	0.00%
2004	0.23%	0.00%
2000	1.96%	0.00%