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IAEX.L vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAEX.L vs. TUR

Last updated Jun 16, 2026

IAEX.L (iShares AEX UCITS ETF EUR (Dist)) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - IAEX.L is a Europe Equities fund tracking the Euronext AEX All Share TR EUR, while TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, IAEX.L returned 13.40%/yr vs 4.02%/yr for TUR. At a 0.32 correlation, their price movements are largely independent. IAEX.L charges 0.30%/yr vs 0.59%/yr for TUR.

Performance

IAEX.L vs. TUR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares AEX UCITS ETF EUR (Dist) (IAEX.L) and iShares MSCI Turkey ETF (TUR). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IAEX.L is traded in GBp, while TUR is traded in USD. To make them comparable, the TUR values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IAEX.L achieves a 13.70% return, which is significantly lower than TUR's 18.63% return. Over the past 10 years, IAEX.L has outperformed TUR with an annualized return of 13.40%, while TUR has yielded a comparatively lower 4.02% annualized return.

IAEX.L

1D
-0.37%
1M
5.77%
YTD
13.70%
6M
13.17%
1Y
21.05%
3Y*
14.59%
5Y*
10.42%
10Y*
13.40%

TUR

1D
2.95%
1M
-2.16%
YTD
18.63%
6M
16.06%
1Y
37.22%
3Y*
11.80%
5Y*
16.47%
10Y*
4.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAEX.L vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAEX.L
iShares AEX UCITS ETF EUR (Dist)		13.70%16.14%8.60%14.11%-6.28%21.00%10.97%21.66%-7.74%20.82%
TUR
iShares MSCI Turkey ETF		18.63%-8.55%14.89%-13.38%130.21%-26.72%-4.09%10.13%-37.99%25.69%

Correlation

The correlation between IAEX.L and TUR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.23

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

0.19

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

0.19

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

0.24

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2008

0.32

The correlation between IAEX.L and TUR shifts across timeframes, from 0.19 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.

IAEX.L vs. TUR - Sectors Allocation Comparison

Sectors
IAEX.L
TUR

Technology

28.0%
0.8%

Consumer Defensive

17.5%
13.3%

Financial Services

14.9%
17.1%

Energy

14.1%
6.2%

Industrials

8.2%
29.9%

Basic Materials

5.8%
11.9%

Consumer Cyclical

5.2%
6.0%

Communication Services

4.1%
3.2%

Healthcare

1.8%
2.3%

Real Estate

0.4%
5.5%

Utilities

-

4.0%

Technology

IAEX.L
28.0%
TUR
0.8%

Consumer Defensive

IAEX.L
17.5%
TUR
13.3%

Financial Services

IAEX.L
14.9%
TUR
17.1%

Energy

IAEX.L
14.1%
TUR
6.2%

Industrials

IAEX.L
8.2%
TUR
29.9%

Basic Materials

IAEX.L
5.8%
TUR
11.9%

Consumer Cyclical

IAEX.L
5.2%
TUR
6.0%

Communication Services

IAEX.L
4.1%
TUR
3.2%

Healthcare

IAEX.L
1.8%
TUR
2.3%

Real Estate

IAEX.L
0.4%
TUR
5.5%

Utilities

IAEX.L

-

TUR
4.0%

Compare stocks, funds, or ETFs

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

iShares AEX UCITS ETF EUR (Dist)

iShares MSCI Turkey ETF

Often compared with IAEX.L:
IAEX.L vs. CSPX.LIAEX.L vs. CNDX.LIAEX.L vs. ^GSPCIAEX.L vs. VOOIAEX.L vs. IUSA.LIAEX.L vs. VGTIAEX.L vs. VUSA.L
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. EPOLTUR vs. AMRTUR vs. SPYTUR vs. VGKTUR vs. SFM

Return for Risk

IAEX.L vs. TUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAEX.L
IAEX.L Risk / Return Rank: 5252
Overall Rank
IAEX.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IAEX.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
IAEX.L Omega Ratio Rank: 4949
Omega Ratio Rank
IAEX.L Calmar Ratio Rank: 5959
Calmar Ratio Rank
IAEX.L Martin Ratio Rank: 5050
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 4545
Overall Rank
TUR Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 4444
Sortino Ratio Rank
TUR Omega Ratio Rank: 4646
Omega Ratio Rank
TUR Calmar Ratio Rank: 4949
Calmar Ratio Rank
TUR Martin Ratio Rank: 4343
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.

IAEX.L vs. TUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) 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.

IAEX.LTURDifference
Sharpe ratioReturn per unit of total volatility
1.64
1.50

+0.15

Sortino ratioReturn per unit of downside risk
2.31
2.14

+0.17

Omega ratioGain probability vs. loss probability

1.30

1.29

+0.01

Calmar ratioReturn relative to maximum drawdown

2.78

2.50

+0.28

Martin ratioReturn relative to average drawdown

8.06

7.50

+0.56

IAEX.L vs. TUR - Sharpe Ratio Comparison

The current IAEX.L Sharpe Ratio is 1.64, which is comparable to the TUR Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IAEX.L 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

IAEX.L vs. TUR - Drawdown Comparison

The maximum IAEX.L drawdown since its inception was -63.74%, smaller than the maximum TUR drawdown of -68.02%. Use the drawdown chart below to compare losses from any high point for IAEX.L and TUR.

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Drawdown Indicators

IAEX.LTURDifference

Max Drawdown

Largest peak-to-trough decline

-63.74%

-68.02%

+4.28%

Max Drawdown (1Y)

Largest decline over 1 year

-7.54%

-14.97%

+7.43%

Max Drawdown (3Y)

Largest decline over 3 years

-12.80%

-35.05%

+22.25%

Max Drawdown (5Y)

Largest decline over 5 years

-21.96%

-35.05%

+13.09%

Max Drawdown (10Y)

Largest decline over 10 years

-28.85%

-59.94%

+31.09%

Current Drawdown

Current decline from peak

-0.37%

-15.58%

+15.21%

Average Drawdown

Average peak-to-trough decline

-16.63%

-34.35%

+17.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

4.98%

-2.38%

Volatility

IAEX.L vs. TUR - Volatility Comparison

The current volatility for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) is 3.00%, while iShares MSCI Turkey ETF (TUR) has a volatility of 14.20%. This indicates that IAEX.L 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.

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Volatility by Period

IAEX.LTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.00%

14.20%

-11.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.37%

19.45%

-9.08%

Volatility (1Y)

Calculated over the trailing 1-year period

12.77%

25.02%

-12.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.20%

34.11%

-18.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.16%

34.32%

-18.16%

IAEX.L vs. TUR - Expense Ratio Comparison

IAEX.L has a 0.30% expense ratio, which is lower than TUR's 0.59% expense ratio.

Dividends

IAEX.L vs. TUR - Dividend Comparison

IAEX.L's dividend yield for the trailing twelve months is around 0.96%, less than TUR's 3.25% yield.

PositionTTM20252024202320222021202020192018201720162015
IAEX.L
iShares AEX UCITS ETF EUR (Dist)		0.96%2.03%2.16%2.09%2.20%1.57%1.41%2.89%3.11%2.70%2.73%2.85%
TUR
iShares MSCI Turkey ETF		3.25%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

IAEX.L and TUR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IAEX.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IAEX.L is cheaper with a 0.30% expense ratio, compared with 0.59% for TUR.

IAEX.L is categorized as Europe Equities, while TUR is Emerging Markets Equities. IAEX.L tracks Euronext AEX All Share TR EUR, while TUR tracks MSCI Turkey Investable Market Index. Their fees differ too: 0.30% for IAEX.L and 0.59% for TUR.

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