TWN vs TLTD

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

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

TWN vs TLTD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

TWN

$671M

TLTD

$671M

Expense Ratio

TWN

N/A

TLTD

0.39%

Max Drawdown

TWN

71.62%

Winner

TLTD

44.58%

Sharpe Ratio

Winner

TWN

3.56

TLTD

1.46

5Y Beta

TWN

0.88

Winner

TLTD

0.71

5Y Dividends CAGR

TWN

13.36%

Winner

TLTD

17.49%

TWN vs TLTD - Historical Returns

Returns include dividend reinvestment.

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

Winner

TWN

+11.08%

TLTD

+0.83%

Winner

TWN

+54.79%

TLTD

+7.99%

Winner

TWN

+95.23%

TLTD

+10.89%

Winner

TWN

+162.09%

TLTD

+27.10%

5Y(CAGR)

Winner

TWN

+34.94%

TLTD

+10.41%

10Y(CAGR)

Winner

TWN

+29.94%

TLTD

+9.95%

Max(CAGR)

Winner

TWN

+11.35%

TLTD

+8.30%

TWN vs TLTD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TWN	TLTD
2026	+84.84%	+7.98%
2025	+54.22%	+39.87%
2024	+35.45%	+5.94%
2023	+51.64%	+16.61%
2022	-40.37%	-14.24%
2021	+55.56%	+12.78%
2020	+36.34%	+3.29%
2019	+48.10%	+21.55%
2018	-19.52%	-18.30%
2017	+32.76%	+25.61%
2016	+11.50%	+6.81%
2015	-8.90%	-1.07%
2014	-0.30%	-5.04%
2013	+16.46%	+19.26%
2012	+12.23%	+5.81%
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 TLTD Drawdown Comparison

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

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

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

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

Correlation

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

0.94

-101

Dividend Comparison (2000 - 2026)

TWN vs TLTD dividend yield comparison.

Year	TWN	TLTD
2026	0.00%	1.57%
2025	11.62%	3.44%
2024	19.14%	3.88%
2023	1.26%	3.39%
2022	0.00%	2.76%
2021	7.78%	3.44%
2020	12.91%	2.04%
2019	8.26%	3.46%
2018	11.27%	3.16%
2017	3.16%	2.71%
2016	0.00%	2.93%
2015	0.00%	2.56%
2014	16.11%	3.14%
2013	0.00%	1.14%
2012	0.00%	0.21%
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%