IDTK.L vs. SPX4.L
IDTK.L (iShares MSCI Turkey UCITS ETF USD (Dist)) and SPX4.L (SPDR S&P 400 US Mid Cap UCITS ETF) are both exchange-traded funds - IDTK.L is a Emerging Markets Equities fund tracking the MSCI Turkey - Net Returns, while SPX4.L is a Mid Cap Blend Equities fund tracking the Russell Mid Cap TR USD. Both are passively managed. Over the past 10 years, IDTK.L returned 1.48%/yr vs 7.57%/yr for SPX4.L. At a 0.26 correlation, their price movements are largely independent. IDTK.L charges 0.74%/yr vs 0.30%/yr for SPX4.L.
Performance
IDTK.L vs. SPX4.L - Performance Comparison
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Different Trading Currencies
IDTK.L is traded in USD, while SPX4.L is traded in GBP. To make them comparable, the SPX4.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDTK.L achieves a 16.16% return, which is significantly higher than SPX4.L's 14.45% return. Over the past 10 years, IDTK.L has underperformed SPX4.L with an annualized return of 1.48%, while SPX4.L has yielded a comparatively higher 7.57% annualized return.
IDTK.L
- 1D
- -1.76%
- 1M
- -4.64%
- 6M
- 1.66%
- YTD
- 16.16%
- 1Y
- 17.88%
- 3Y*
- 13.14%
- 5Y*
- 15.73%
- 10Y*
- 1.48%
SPX4.L
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 8.62%
- YTD
- 14.45%
- 1Y
- 21.21%
- 3Y*
- 12.99%
- 5Y*
- 2.07%
- 10Y*
- 7.57%
IDTK.L vs. SPX4.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDTK.L iShares MSCI Turkey UCITS ETF USD (Dist) | 16.16% | -3.80% | 17.64% | -6.83% | 89.97% | -28.16% | -9.47% | 10.81% | -41.67% | 37.23% |
SPX4.L SPDR S&P 400 US Mid Cap UCITS ETF | 14.45% | 7.68% | 12.46% | 16.55% | -36.02% | 22.98% | 16.43% | 30.50% | -16.61% | 26.60% |
Correlation
The correlation between IDTK.L and SPX4.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
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 | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2012 | 0.26 |
The correlation between IDTK.L and SPX4.L shifts across timeframes, from 0.07 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IDTK.L vs. SPX4.L — Risk / Return Rank
IDTK.L
SPX4.L
IDTK.L vs. SPX4.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey UCITS ETF USD (Dist) (IDTK.L) and SPDR S&P 400 US Mid Cap UCITS ETF (SPX4.L). 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.
| IDTK.L | SPX4.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.81 | -1.66 |
| Martin ratioReturn relative to average drawdown | 2.60 | 9.24 | -6.64 |
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Drawdowns
IDTK.L vs. SPX4.L - Drawdown Comparison
The maximum IDTK.L drawdown since its inception was -76.41%, which is greater than SPX4.L's maximum drawdown of -49.07%. Use the drawdown chart below to compare losses from any high point for IDTK.L and SPX4.L.
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Drawdown Indicators
| IDTK.L | SPX4.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.41% | -49.07% | -27.34% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -7.59% | -7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -32.38% | -24.80% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -32.38% | -44.07% | +11.69% |
Max Drawdown (10Y)Largest decline over 10 years | -64.70% | -49.07% | -15.63% |
Current DrawdownCurrent decline from peak | -39.75% | -1.27% | -38.48% |
Average DrawdownAverage peak-to-trough decline | -44.36% | -12.95% | -31.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 2.30% | +4.56% |
Volatility
IDTK.L vs. SPX4.L - Volatility Comparison
iShares MSCI Turkey UCITS ETF USD (Dist) (IDTK.L) has a higher volatility of 5.58% compared to SPDR S&P 400 US Mid Cap UCITS ETF (SPX4.L) at 4.25%. This indicates that IDTK.L's price experiences larger fluctuations and is considered to be riskier than SPX4.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDTK.L | SPX4.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 4.25% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.58% | 10.95% | +10.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.93% | 14.55% | +12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.62% | 22.16% | +12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.31% | 23.73% | +10.58% |
IDTK.L vs. SPX4.L - Expense Ratio Comparison
IDTK.L has a 0.74% expense ratio, which is higher than SPX4.L's 0.30% expense ratio.
Dividends
IDTK.L vs. SPX4.L - Dividend Comparison
IDTK.L's dividend yield for the trailing twelve months is around 1.85%, while SPX4.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDTK.L iShares MSCI Turkey UCITS ETF USD (Dist) | 1.85% | 1.75% | 2.47% | 3.13% | 1.97% | 3.81% | 0.59% | 2.45% | 4.77% | 1.88% | 2.07% | 2.57% |
SPX4.L SPDR S&P 400 US Mid Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDTK.L and SPX4.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPX4.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPX4.L is cheaper with a 0.30% expense ratio, compared with 0.74% for IDTK.L.
IDTK.L is categorized as Emerging Markets Equities, while SPX4.L is Mid Cap Blend Equities. IDTK.L tracks MSCI Turkey - Net Returns, while SPX4.L tracks Russell Mid Cap TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.74% for IDTK.L and 0.30% for SPX4.L.
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