0050, 006208 Outperformed! Market-Cap ETF Performance King Changes Hands — Hung Mu-Hua Reveals the Rising Dark Horse That Surpassed the Giants on One Key Metric

Taiwan's stock market has performed exceptionally well this year, attracting significant capital inflows. Market-cap ETFs have become popular investment targets, with 0050 and 006208—both tracking the Taiwan 50 Index—often seen as twin benchmarks. But which one led in performance during the first half of the year? Financial expert Hung Mu-Hua revealed on Facebook that while both 0050 and 006208 significantly outperformed the broader market, a newer ETF, 009803, which combines 'market-cap' and 'momentum' strategies, delivered a total return that surpassed both established leaders.

Hung noted that 0050, the dominant market-cap ETF, has surpassed 2.2 trillion TWD in assets under management, making it a 'Godzilla-level' presence in Taiwan's ETF market. The second-largest market-cap ETF, 006208, holds 463 billion TWD—substantial, yet much smaller than 0050. However, ETF selection isn't just about scale and liquidity; performance is what investors care about most.

How did 0050 and 006208 perform in the first half? Hung analyzed data up to the first week of July: 0050 achieved a capital gain of 65.17%, dividend income of 2.33%, and a total return of 67.5%. 006208 recorded a capital gain of 67.46%, zero dividend income (with a 4.75 TWD dividend for the first half scheduled for July 16), resulting in a total return of 67.46%. Both giants performed similarly and clearly outpaced the market.

But did 009803 outperform both? Its total return led by nearly 8 percentage points. Hung highlighted that 009803 achieved a capital gain of 68.59% and dividend income of 6.82% over the same period, resulting in a total return of 75.41%. Despite its modest size—under 4 billion TWD—its performance exceeded the two giants by almost 8 percentage points, proving his earlier analysis correct.

Hung explained that 009803 rebalanced its portfolio in mid-June with '11 stocks in, 11 out,' adding many key players in substrates and semiconductor equipment. After the rebalance, TSMC remained the top holding at 41.37%, followed by MediaTek at 6.2% and Delta Electronics at 3.8%. The top 10 also include Yageo and ASE. The fund follows a 'steady yet strategic' approach—avoiding over-concentration while capturing high-potential growth sectors.

Regarding dividends, 009803 adopts a quarterly payout schedule (March, June, September, December). Its latest dividend of 0.5 TWD in June was filled within three days. Year-to-date, its cumulative dividend yield has reached 3.93%. If it maintains this pace, the annualized yield could approach 8%. In contrast, 0050's dividend yield has shrunk to under 2%, and Hung estimates 006208 will likely not exceed 5% for the full year. With nearly 4% already in the first half, 009803's yield is notably strong.

More exclusive Wind Media insights: • Can cost-averaging into 0050 miss Taiwan's bull market? Experts recommend a 'low-cost, higher-performance' ETF: a perfect time to buy • Does non-dividend-paying 009816 outperform 0050? Experts compare two ETFs' performance data: the devil is in the details • High-dividend ETF 00919 underperforms—consider switching? Hung Mu-Hua reveals one key metric to enlighten investors: more stable than 0056