PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EPU vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPU vs. TUR

Last updated Jul 21, 2026
Documentation

EPU (iShares MSCI Peru ETF) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index, while TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, EPU returned 13.58%/yr vs 3.98%/yr for TUR. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.

Performance

EPU vs. TUR - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, EPU achieves a 18.75% return, which is significantly higher than TUR's 15.93% return. Over the past 10 years, EPU has outperformed TUR with an annualized return of 13.58%, while TUR has yielded a comparatively lower 3.98% annualized return.

EPU

1D
0.01%
1M
-3.76%
6M
3.98%
YTD
18.75%
1Y
78.54%
3Y*
42.43%
5Y*
29.59%
10Y*
13.58%
ALL TIME*
10.56%

TUR

1D
1.26%
1M
-3.76%
6M
3.89%
YTD
15.93%
1Y
22.19%
3Y*
10.36%
5Y*
16.26%
10Y*
3.98%
ALL TIME*
1.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPU vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPU
iShares MSCI Peru ETF		18.75%86.87%21.73%25.34%2.05%-11.81%-4.31%7.30%-12.17%29.70%
TUR
iShares MSCI Turkey ETF		15.93%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%

Correlation

The correlation between EPU and TUR is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2009

0.37

The correlation between EPU and TUR shifts across timeframes, from 0.22 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.

EPU vs. TUR - Sectors Allocation Comparison

Sectors
EPU
TUR

Basic Materials

49.5%
10.2%

Financial Services

31.6%
15.4%

Consumer Cyclical

4.5%
4.8%

Consumer Defensive

3.3%
13.4%

Real Estate

3.0%
1.2%

Industrials

2.9%
25.2%

Utilities

2.9%
1.7%

Communication Services

1.4%
3.4%

Healthcare

1.0%
2.2%

Energy

-

6.9%

Technology

-

1.2%

Basic Materials

EPU
49.5%
TUR
10.2%

Financial Services

EPU
31.6%
TUR
15.4%

Consumer Cyclical

EPU
4.5%
TUR
4.8%

Consumer Defensive

EPU
3.3%
TUR
13.4%

Real Estate

EPU
3.0%
TUR
1.2%

Industrials

EPU
2.9%
TUR
25.2%

Utilities

EPU
2.9%
TUR
1.7%

Communication Services

EPU
1.4%
TUR
3.4%

Healthcare

EPU
1.0%
TUR
2.2%

Energy

EPU

-

TUR
6.9%

Technology

EPU

-

TUR
1.2%

Compare stocks, funds, or ETFs

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

iShares MSCI Peru ETF

iShares MSCI Turkey ETF

Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. EPI
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. EPOLTUR vs. SPYTUR vs. VGKTUR vs. SFM

Return for Risk

EPU vs. TUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPU
EPU Risk / Return Rank: 8585
Overall Rank
EPU Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 8484
Sortino Ratio Rank
EPU Omega Ratio Rank: 8585
Omega Ratio Rank
EPU Calmar Ratio Rank: 8888
Calmar Ratio Rank
EPU Martin Ratio Rank: 7676
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 3434
Overall Rank
TUR Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 3333
Sortino Ratio Rank
TUR Omega Ratio Rank: 3535
Omega Ratio Rank
TUR Calmar Ratio Rank: 3636
Calmar Ratio Rank
TUR Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPU vs. TUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Peru ETF (EPU) 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.

EPUTURDifference
Sharpe ratioReturn per unit of total volatility
2.49
0.91

+1.59

Sortino ratioReturn per unit of downside risk
2.91
1.39

+1.52

Omega ratioGain probability vs. loss probability

1.39

1.18

+0.21

Calmar ratioReturn relative to maximum drawdown

3.79

1.39

+2.40

Martin ratioReturn relative to average drawdown

10.35

3.55

+6.80

EPU vs. TUR - Sharpe Ratio Comparison

The current EPU Sharpe Ratio is 2.49, which is higher than the TUR Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of EPU 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.

Loading charts...

Drawdowns

EPU vs. TUR - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for EPU and TUR.

Loading charts...

Drawdown Indicators

EPUTURDifference

Max Drawdown

Largest peak-to-trough decline

-60.62%

-72.34%

+11.72%

Max Drawdown (1Y)

Largest decline over 1 year

-20.85%

-16.07%

-4.78%

Max Drawdown (3Y)

Largest decline over 3 years

-20.85%

-31.63%

+10.78%

Max Drawdown (5Y)

Largest decline over 5 years

-35.59%

-31.63%

-3.96%

Max Drawdown (10Y)

Largest decline over 10 years

-50.97%

-59.25%

+8.28%

Current Drawdown

Current decline from peak

-8.45%

-27.04%

+18.59%

Average Drawdown

Average peak-to-trough decline

-18.75%

-39.81%

+21.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.61%

6.27%

+1.34%

Volatility

EPU vs. TUR - Volatility Comparison

iShares MSCI Peru ETF (EPU) has a higher volatility of 7.88% compared to iShares MSCI Turkey ETF (TUR) at 5.19%. This indicates that EPU'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.

Loading charts...

Volatility by Period

EPUTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.88%

5.19%

+2.69%

Volatility (6M)

Calculated over the trailing 6-month period

27.14%

20.41%

+6.73%

Volatility (1Y)

Calculated over the trailing 1-year period

31.72%

24.64%

+7.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.21%

34.16%

-8.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.66%

34.13%

-10.47%

EPU vs. TUR - Expense Ratio Comparison

Both EPU and TUR have an expense ratio of 0.59%.

Dividends

EPU vs. TUR - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 2.02%, less than TUR's 2.13% yield.

PositionTTM20252024202320222021202020192018201720162015
EPU
iShares MSCI Peru ETF		2.02%1.63%5.78%4.17%5.56%3.13%1.91%2.67%1.53%3.30%0.85%1.90%
TUR
iShares MSCI Turkey ETF		2.13%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

EPU and TUR have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPU has higher volatility (7.88%) compared to TUR (5.19%). In terms of maximum drawdown, EPU dropped -60.62% vs TUR's -72.34%.

On 10-year performance, EPU leads with 13.58% vs 3.98% for TUR. Both ETFs have the same 0.59% expense ratio. On volatility, TUR has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPU has performed better with a 13.58% return vs 3.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPU and TUR have the same expense ratio: 0.59% per year.

TUR has the higher dividend yield at 2.13%, compared with 2.02% for EPU.

EPU is categorized as Mid Cap Blend Equities, while TUR is Emerging Markets Equities. EPU tracks MSCI All Peru Capped Index, while TUR tracks MSCI Turkey Investable Market Index.

EPU currently has the higher Sharpe Ratio (2.49 vs 0.91), 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.

Portfolio Optimizer

Find the right allocation for EPU and TUR

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer