TWN vs VSDM

Comparison between Taiwan Fund Inc (TWN, ETF) and VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF ETF SHARES (VSDM, ETF).

TWN vs VSDM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TWN(ETF)	VSDM(ETF)
Net Assets	$603M	$603M
Expense Ratio	N/A	0.12%
Max Drawdown	71.62%	1.94%
Sharpe Ratio	3.54	0.85
5Y Beta	0.87	0.01
5Y Dividends CAGR	13.36%	N/A

Net Assets

Winner

TWN

$603M

VSDM

$603M

Expense Ratio

TWN

N/A

VSDM

0.12%

Max Drawdown

TWN

71.62%

Winner

VSDM

1.94%

Sharpe Ratio

Winner

TWN

3.54

VSDM

0.85

5Y Beta

TWN

0.87

Winner

VSDM

0.01

5Y Dividends CAGR

TWN

13.36%

VSDM

N/A

TWN vs VSDM - Historical Returns

Returns include dividend reinvestment.

Period	TWN	VSDM
1 month	-4.60%	+0.46%
3 months	+51.83%	+0.10%
6 months	+83.52%	+1.63%
1 year	+164.04%	+4.85%
5 years(CAGR)	+32.60%	N/A
10 years(CAGR)	+28.85%	N/A
Max(CAGR)	+10.99%	+4.22%

TWN

-4.60%

Winner

VSDM

+0.46%

Winner

TWN

+51.83%

VSDM

+0.10%

Winner

TWN

+83.52%

VSDM

+1.63%

Winner

TWN

+164.04%

VSDM

+4.85%

5Y(CAGR)

TWN

+32.60%

VSDM

N/A

10Y(CAGR)

TWN

+28.85%

VSDM

N/A

Max(CAGR)

Winner

TWN

+10.99%

VSDM

+4.22%

TWN vs VSDM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TWN	VSDM
2026	+68.84%	+1.26%
2025	+54.22%	+5.39%
2024	+35.45%	-0.15%
2023	+51.64%	N/A
2022	-40.37%	N/A
2021	+55.56%	N/A
2020	+36.34%	N/A
2019	+48.10%	N/A
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 VSDM Drawdown Comparison

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

The maximum drawdown for VSDM was -1.81%, occurring on Apr 11, 2025. Recovery took 47 trading sessions.

The current TWN drawdown is -9.29%. The current VSDM drawdown is -0.30%.

Rank	TWN	VSDM
#1	-71.07% Feb 8, 2000 - Apr 16, 2008	-1.81% Apr 4, 2025 - Jun 12, 2025
#2	-64.47% Apr 16, 2008 - May 8, 2014	-1.46% Feb 27, 2026 - Mar 24, 2026
#3	-51.72% Jan 3, 2022 - Feb 12, 2024	-0.95% Dec 6, 2024 - Feb 3, 2025
#4	-36.26% Jan 17, 2020 - Jul 2, 2020	-0.54% Feb 25, 2025 - Apr 3, 2025
#5	-29.83% Jan 6, 2025 - Jun 9, 2025	-0.47% Sep 16, 2025 - Oct 16, 2025
#6	-27.91% Jan 25, 2018 - Oct 17, 2019	-0.28% Feb 6, 2025 - Feb 20, 2025
#7	-27.43% May 11, 2015 - Mar 29, 2017	-0.20% Oct 17, 2025 - Nov 11, 2025
#8	-17.72% Jul 10, 2024 - Oct 22, 2024	-0.13% Dec 19, 2025 - Dec 31, 2025
#9	-15.08% Jul 3, 2014 - May 11, 2015	-0.11% Aug 13, 2025 - Aug 22, 2025
#10	-13.79% May 7, 2021 - Jun 1, 2021	-0.09% Feb 18, 2026 - Feb 23, 2026
#11	-12.57% Jul 14, 2021 - Nov 9, 2021	-0.07% Jul 29, 2025 - Aug 1, 2025
#12	-9.61% Mar 7, 2024 - Jun 12, 2024	-0.07% Jun 17, 2025 - Jun 23, 2025
#13	-9.29% Jun 1, 2026 - Jun 5, 2026	-0.07% Jul 11, 2025 - Jul 21, 2025
#14	-9.09% Oct 29, 2025 - Dec 9, 2025	-0.07% Nov 11, 2025 - Nov 25, 2025
#15	-9.07% May 6, 2026 - May 26, 2026	-0.07% Jan 15, 2026 - Jan 26, 2026

Correlation

Correlation between TWN and VSDM is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2000 - 2026)

TWN vs VSDM dividend yield comparison.

Year	TWN	VSDM
2026	0.00%	1.29%
2025	11.62%	3.06%
2024	19.14%	0.35%
2023	1.26%	0.00%
2021	7.78%	0.00%
2020	12.91%	0.00%
2019	8.26%	0.00%
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%