Data as of Oct 28, 2026.

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EWT vs XLC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWT returned +69.9% to XLC's −10.4%; 0% of their weight is in the same names.

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Net assets: $12.0bn on Oct 28, 2026 for iShares MSCI Taiwan ETF, and $22.1bn on Oct 27, 2026 for State Street Communication Services Select Sector SPDR ETF.

At a glance
+69.9%
EWT total return, 1 year
−10.4%
XLC total return, 1 year
0.59%
EWT expense ratio
0.08%
XLC expense ratio

Pair scorecard

XLC costs 0.51 points a year less; their one-year returns differ by 80.3 points; XLC is 1.9 times larger.

EWT vs XLC: Differences, Returns & Fees
MeasureEWTXLC
Return
Total return, 1 year+69.9%−10.4%
Drawdown
Below its high7.7%, high on Oct 5, 202613.3%, high on Jan 30, 2026
Benchmark
What it tracksMSCI Taiwan 25/50 IndexCommunication Services Select Sector Index
Cost and size
Expense ratio0.59%0.08%
Net assets, as of Oct 27, 2026$11.8bn$22.1bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund47.7%75.3%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jun 29, 2018 to Oct 23, 2026 · 434 weekly returns
EWT XLC
Return
Total return edge EWT +353.8% +131.1%
Annualized edge EWT +19.9% +10.6%
Price return edge EWT +191.4% +113.0%
Risk
Volatility edge XLC (slight) 21.9% 20.0%
Max drawdown edge EWT −38.2% −45.9%
Risk-adjusted
Sharpe edge EWT 0.81 0.46
Sortino edge EWT 1.19 0.66
Calmar edge EWT 0.52 0.23
Reading

EWT returned more: +353.8% to +131.1%. XLC swung slightly less: 20.0% to 21.9%. EWT fell less at its worst: −38.2% to −45.9%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: EWT vs XLC: Differences, Returns & Fees
MeasureEWTXLCEdgeHow it is measured
Return
Total return+353.8%+131.1%EWTPrice change plus distributions, reinvested.
Annualized+19.9%+10.6%EWTTotal return as a yearly rate.
Price return+191.4%+113.0%EWTPrice change alone, distributions left out.
Risk
Volatility21.9%20.0%XLC (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation14.9%14.0%XLC (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−38.2%−45.9%EWTDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.810.46EWTReturn above Treasury bills per unit of volatility.
Sortino1.190.66EWTReturn above Treasury bills per unit of downside deviation.
Calmar0.520.23EWTAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWT and XLC hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWT XLC
Only in one fund ↓
Only in EWT
TAIWAN SEMICONDUCTOR MANUFACTURING 22.12%
MEDIATEK 6.03%
HON HAI PRECISION INDUSTRY 3.31%
DELTA ELECTRONICS 3.25%
ASE TECHNOLOGY HOLDING 2.86%
NAN YA PLASTICS CORP 2.54%
UNIMICRON TECHNOLOGY 2.04%
ELITE MATERIAL 1.88%
Only in XLC
META PLATFORMS INC CLASS A 21.45%
ALPHABET INC CL A 12.27%
ALPHABET INC CL C 9.82%
WALT DISNEY CO 5.33%
TAKE TWO INTERACTIVE SOFTWRE 4.80%
COMCAST CORP CLASS A 4.48%
VERIZON COMMUNICATIONS INC 4.45%
APPLOVIN CORP CLASS A 4.34%
Check overlap with more funds →

Side by side

EWT iShares MSCI Taiwan ETF XLC State Street Communication Services Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Taiwan Tracks an index of Communication services
Total return, 1 year +69.9% −10.4%
Its benchmark over the same days +16.3% (EEM) not measured
Gap to its benchmark +53.6 pts vs EEM not measured
Expense ratio 0.59% 0.08%
Already in the S&P 500 0.0% 99.8%
Holdings 79 23
Net assets, EWT as of Oct 28, 2026 and XLC as of Oct 27, 2026 $12.0bn $22.1bn

EWT and XLC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-7D49FAEC27

EWT and XLC do different jobs. What does each one do in a portfolio?

  1. What each follows. EWT follows MSCI Taiwan 25/50 Index and XLC follows Communication Services Select Sector Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EWT returned +69.9% and XLC −10.4% with distributions reinvested, a gap of 80.3 points.

Data as of Oct 28, 2026.

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About each fund
EWT

EWT tracks the MSCI Taiwan. Over the year to Oct 28, 2026 it returned +69.9% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 47.7%. It sat 7.7% below its high of Oct 5, 2026 on Oct 28, 2026.

XLC

XLC tracks an index of Communication services. Over the year to Oct 28, 2026 it returned −10.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 23 positions, with the top ten at 75.3%. It sat 13.3% below its high of Jan 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWT or XLC?
In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and XLC −10.4%.
Which is cheaper, EWT or XLC?
XLC is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWT and XLC overlap with the S&P 500?
By their latest filed holdings, 0% of EWT and 100% of XLC by weight is stocks the S&P 500 already holds.
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ETFIQ, EWT against XLC, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewt-vs-xlc

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