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EMXF vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMXF vs. TUR

Last updated Aug 4, 2026
Documentation

EMXF (iShares ESG Advanced MSCI EM ETF) and TUR (iShares MSCI Turkey ETF) are both Emerging Markets Equities funds from iShares - EMXF tracks the MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index while TUR tracks the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 5 years, EMXF returned 7.31%/yr vs 14.21%/yr for TUR. Their 0.28 correlation means their historical movements had little consistent relationship. EMXF charges 0.16%/yr vs 0.59%/yr for TUR.

Performance

EMXF vs. TUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced MSCI EM ETF (EMXF) and iShares MSCI Turkey ETF (TUR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EMXF achieves a 20.80% return, which is significantly higher than TUR's 11.52% return.

EMXF

1D
1.16%
1M
-1.15%
6M
12.33%
YTD
20.80%
1Y
35.33%
3Y*
18.61%
5Y*
7.31%
10Y*
—
ALL TIME*
10.25%

TUR

1D
-0.37%
1M
-3.61%
6M
-6.69%
YTD
11.52%
1Y
14.33%
3Y*
5.35%
5Y*
14.21%
10Y*
2.87%
ALL TIME*
1.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EMXF

iShares ESG Advanced MSCI EM ETF
$738.61K$566.62K$456.04K

TUR

iShares MSCI Turkey ETF
$4.39M$3.77M$9.11M

EMXF vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EMXF
iShares ESG Advanced MSCI EM ETF		20.80%29.40%8.03%6.63%-18.99%4.45%15.65%
TUR
iShares MSCI Turkey ETF		11.52%-1.54%12.91%-8.83%105.75%-27.41%33.20%

Correlation

The correlation between EMXF and TUR is 0.37, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.37

Correlation (3Y)
Balances recent behavior with more history.

0.29

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.26

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2020

0.28

The correlation between EMXF and TUR shifts across timeframes, from 0.26 (5 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.

EMXF vs. TUR - Sectors Allocation Comparison

Sectors
EMXF
TUR

Financial Services

34.8%
14.7%

Technology

32.4%
1.5%

Communication Services

9.3%
3.1%

Consumer Cyclical

6.2%
4.0%

Industrials

6.1%
24.2%

Healthcare

3.9%
2.2%

Consumer Defensive

2.6%
13.0%

Basic Materials

2.5%
12.0%

Real Estate

1.6%
1.1%

Utilities

0.6%
1.9%

Energy

0.0%
7.4%

Financial Services

EMXF
34.8%
TUR
14.7%

Technology

EMXF
32.4%
TUR
1.5%

Communication Services

EMXF
9.3%
TUR
3.1%

Consumer Cyclical

EMXF
6.2%
TUR
4.0%

Industrials

EMXF
6.1%
TUR
24.2%

Healthcare

EMXF
3.9%
TUR
2.2%

Consumer Defensive

EMXF
2.6%
TUR
13.0%

Basic Materials

EMXF
2.5%
TUR
12.0%

Real Estate

EMXF
1.6%
TUR
1.1%

Utilities

EMXF
0.6%
TUR
1.9%

Energy

EMXF
0.0%
TUR
7.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Advanced MSCI EM ETF

iShares MSCI Turkey ETF

Often compared with EMXF:
EMXF vs. LDEMEMXF vs. EEMEMXF vs. VXUSEMXF vs. ESGEEMXF vs. SPEMEMXF vs. VSGXEMXF vs. AVEM
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. EPOLTUR vs. SPYTUR vs. SFMTUR vs. VGK

Return for Risk

EMXF vs. TUR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EMXF
EMXF Risk / Return Rank: 7070
Overall Rank
EMXF Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
EMXF Sortino Ratio Rank: 6565
Sortino Ratio Rank
EMXF Omega Ratio Rank: 6969
Omega Ratio Rank
EMXF Calmar Ratio Rank: 7676
Calmar Ratio Rank
EMXF Martin Ratio Rank: 6969
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 2626
Overall Rank
TUR Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 2626
Sortino Ratio Rank
TUR Omega Ratio Rank: 2727
Omega Ratio Rank
TUR Calmar Ratio Rank: 2828
Calmar Ratio Rank
TUR Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EMXF vs. TUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EM ETF (EMXF) and iShares MSCI Turkey ETF (TUR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EMXFTURDifference
Sharpe ratioReturn per unit of total volatility
1.65
0.59

+1.07

Sortino ratioReturn per unit of downside risk
2.26
0.98

+1.28

Omega ratioGain probability vs. loss probability

1.30

1.13

+0.18

Calmar ratioReturn relative to maximum drawdown

2.83

0.90

+1.94

Martin ratioReturn relative to average drawdown

8.87

2.17

+6.70

EMXF vs. TUR - Sharpe Ratio Comparison

The current EMXF Sharpe Ratio is 1.65, which is higher than the TUR Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of EMXF and TUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EMXF vs. TUR - Drawdown Comparison

The maximum EMXF drawdown since its inception was -33.13%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for EMXF and TUR.

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Drawdown Indicators

EMXFTURDifference

Max Drawdown

Largest peak-to-trough decline

-33.13%

-72.34%

+39.21%

Max Drawdown (1Y)

Largest decline over 1 year

-12.53%

-16.07%

+3.54%

Max Drawdown (3Y)

Largest decline over 3 years

-15.93%

-31.63%

+15.70%

Max Drawdown (5Y)

Largest decline over 5 years

-31.72%

-31.63%

-0.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-59.25%

—

Current Drawdown

Current decline from peak

-6.80%

-29.81%

+23.01%

Average Drawdown

Average peak-to-trough decline

-11.83%

-39.79%

+27.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.99%

6.61%

-2.62%

Volatility

EMXF vs. TUR - Volatility Comparison

iShares ESG Advanced MSCI EM ETF (EMXF) has a higher volatility of 7.61% compared to iShares MSCI Turkey ETF (TUR) at 4.69%. This indicates that EMXF's price experiences larger fluctuations and is considered to be riskier than TUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMXFTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.61%

4.69%

+2.92%

Volatility (6M)

Calculated over the trailing 6-month period

19.61%

20.09%

-0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

21.53%

24.59%

-3.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.64%

34.15%

-11.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.03%

34.11%

-12.08%

EMXF vs. TUR - Expense Ratio Comparison

EMXF has a 0.16% expense ratio, which is lower than TUR's 0.59% expense ratio.

Dividends

EMXF vs. TUR - Dividend Comparison

EMXF's dividend yield for the trailing twelve months is around 2.75%, more than TUR's 2.21% yield.

PositionTTM20252024202320222021202020192018201720162015
EMXF
iShares ESG Advanced MSCI EM ETF		2.75%3.43%2.92%2.25%2.42%1.87%0.41%0.00%0.00%0.00%0.00%0.00%
TUR
iShares MSCI Turkey ETF		2.21%2.40%1.79%4.43%1.97%4.22%0.87%3.29%4.05%2.64%2.89%3.04%

Frequently Asked Questions

EMXF and TUR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EMXF has higher volatility (7.61%) compared to TUR (4.69%). In terms of maximum drawdown, EMXF dropped -33.13% vs TUR's -72.34%.

On 5-year performance, TUR leads with 14.21% vs 7.31% for EMXF. On fees, EMXF is cheaper at 0.16% per year. On volatility, TUR has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, TUR has performed better with a 14.21% return vs 7.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EMXF is cheaper with a 0.16% expense ratio, compared with 0.59% for TUR.

EMXF has the higher dividend yield at 2.75%, compared with 2.21% for TUR.

EMXF tracks MSCI Emerging Markets Choice ESG Screened 5% Issuer Capped Index, while TUR tracks MSCI Turkey Investable Market Index. Their fees differ too: 0.16% for EMXF and 0.59% for TUR.

EMXF currently has the higher Sharpe Ratio (1.65 vs 0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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