HEDJ vs. TUR
Compare and contrast key facts about WisdomTree Europe Hedged Equity Fund (HEDJ) and iShares MSCI Turkey ETF (TUR).
HEDJ and TUR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. TUR is a passively managed fund by iShares that tracks the performance of the MSCI Turkey Investable Market Index. It was launched on Mar 26, 2008. Both HEDJ and TUR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEDJ or TUR.
Key characteristics
| HEDJ | TUR | |
|---|---|---|
| YTD Return | 7.58% | 16.23% |
| 1Y Return | 14.31% | 1.18% |
| 3Y Return (Ann) | 7.61% | 19.66% |
| 5Y Return (Ann) | 9.79% | 12.19% |
| 10Y Return (Ann) | 8.48% | -1.19% |
| Sharpe Ratio | 1.12 | 0.03 |
| Daily Std Dev | 12.55% | 25.51% |
| Max Drawdown | -38.18% | -72.34% |
| Current Drawdown | -4.93% | -34.21% |
Correlation
The correlation between HEDJ and TUR is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HEDJ vs. TUR - Performance Comparison
In the year-to-date period, HEDJ achieves a 7.58% return, which is significantly lower than TUR's 16.23% return. Over the past 10 years, HEDJ has outperformed TUR with an annualized return of 8.48%, while TUR has yielded a comparatively lower -1.19% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HEDJ vs. TUR - Expense Ratio Comparison
HEDJ has a 0.58% expense ratio, which is lower than TUR's 0.59% expense ratio.
Risk-Adjusted Performance
HEDJ vs. TUR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) 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.
Dividends
HEDJ vs. TUR - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 2.99%, more than TUR's 2.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 2.99% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
TUR iShares MSCI Turkey ETF | 2.29% | 4.43% | 1.97% | 4.22% | 0.87% | 3.29% | 4.05% | 2.64% | 2.89% | 3.04% | 1.63% | 2.34% |
Drawdowns
HEDJ vs. TUR - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for HEDJ and TUR. For additional features, visit the drawdowns tool.
Volatility
HEDJ vs. TUR - Volatility Comparison
The current volatility for WisdomTree Europe Hedged Equity Fund (HEDJ) is 4.49%, while iShares MSCI Turkey ETF (TUR) has a volatility of 8.98%. This indicates that HEDJ experiences smaller price fluctuations and is considered to be less risky than TUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.