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

IJPH.L vs. TUR

Last updated Jun 16, 2026

IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - IJPH.L is a Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP 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, IJPH.L returned 15.77%/yr vs 4.02%/yr for TUR. At a 0.17 correlation, their price movements are largely independent. IJPH.L charges 0.64%/yr vs 0.59%/yr for TUR.

Performance

IJPH.L vs. TUR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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

IJPH.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, IJPH.L achieves a 20.84% return, which is significantly higher than TUR's 18.63% return. Over the past 10 years, IJPH.L has outperformed TUR with an annualized return of 15.77%, while TUR has yielded a comparatively lower 4.02% annualized return.

IJPH.L

1D
1.39%
1M
4.33%
YTD
20.84%
6M
20.67%
1Y
53.19%
3Y*
26.82%
5Y*
20.46%
10Y*
15.77%

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)

IJPH.L vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF		20.84%29.37%23.82%34.19%-4.30%11.94%9.27%15.94%-15.89%19.45%
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 IJPH.L and TUR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.10

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

0.12

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

0.14

Correlation (All Time)
Calculated using the full available price history since Jul 31, 2012

0.17

IJPH.L vs. TUR - Sectors Allocation Comparison

Sectors
IJPH.L
TUR

Industrials

26.0%
29.9%

Technology

19.1%
0.8%

Financial Services

17.5%
17.1%

Consumer Cyclical

12.2%
6.0%

Communication Services

7.9%
3.2%

Healthcare

6.3%
2.3%

Consumer Defensive

3.6%
13.3%

Basic Materials

3.0%
11.9%

Real Estate

2.3%
5.5%

Utilities

1.1%
4.0%

Energy

1.1%
6.2%

Industrials

IJPH.L
26.0%
TUR
29.9%

Technology

IJPH.L
19.1%
TUR
0.8%

Financial Services

IJPH.L
17.5%
TUR
17.1%

Consumer Cyclical

IJPH.L
12.2%
TUR
6.0%

Communication Services

IJPH.L
7.9%
TUR
3.2%

Healthcare

IJPH.L
6.3%
TUR
2.3%

Consumer Defensive

IJPH.L
3.6%
TUR
13.3%

Basic Materials

IJPH.L
3.0%
TUR
11.9%

Real Estate

IJPH.L
2.3%
TUR
5.5%

Utilities

IJPH.L
1.1%
TUR
4.0%

Energy

IJPH.L
1.1%
TUR
6.2%

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 Japan GBP Hedged UCITS ETF

iShares MSCI Turkey ETF

Often compared with IJPH.L:
IJPH.L vs. SUJA.LIJPH.L vs. XSTC.LIJPH.L vs. XDJP.DEIJPH.L vs. XM1D.DEIJPH.L vs. EWJIJPH.L vs. ^N225IJPH.L vs. BRK-B
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. EPOLTUR vs. AMRTUR vs. SPYTUR vs. VGKTUR vs. SFM

Return for Risk

IJPH.L vs. TUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJPH.L
IJPH.L Risk / Return Rank: 8989
Overall Rank
IJPH.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IJPH.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
IJPH.L Omega Ratio Rank: 8686
Omega Ratio Rank
IJPH.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
IJPH.L Martin Ratio Rank: 9090
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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.

IJPH.LTURDifference
Sharpe ratioReturn per unit of total volatility
2.61
1.50

+1.11

Sortino ratioReturn per unit of downside risk
3.70
2.14

+1.56

Omega ratioGain probability vs. loss probability

1.48

1.29

+0.19

Calmar ratioReturn relative to maximum drawdown

5.49

2.50

+2.99

Martin ratioReturn relative to average drawdown

19.28

7.50

+11.78

IJPH.L vs. TUR - Sharpe Ratio Comparison

The current IJPH.L Sharpe Ratio is 2.61, which is higher than the TUR Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IJPH.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

IJPH.L vs. TUR - Drawdown Comparison

The maximum IJPH.L drawdown since its inception was -34.55%, smaller than the maximum TUR drawdown of -68.02%. Use the drawdown chart below to compare losses from any high point for IJPH.L and TUR.

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Drawdown Indicators

IJPH.LTURDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-68.02%

+33.47%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-14.97%

+5.33%

Max Drawdown (3Y)

Largest decline over 3 years

-21.95%

-35.05%

+13.10%

Max Drawdown (5Y)

Largest decline over 5 years

-21.95%

-35.05%

+13.10%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-59.94%

+25.39%

Current Drawdown

Current decline from peak

0.00%

-15.58%

+15.58%

Average Drawdown

Average peak-to-trough decline

-7.46%

-34.35%

+26.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

4.98%

-2.23%

Volatility

IJPH.L vs. TUR - Volatility Comparison

The current volatility for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) is 4.93%, while iShares MSCI Turkey ETF (TUR) has a volatility of 14.20%. This indicates that IJPH.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

IJPH.LTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.93%

14.20%

-9.27%

Volatility (6M)

Calculated over the trailing 6-month period

15.88%

19.45%

-3.57%

Volatility (1Y)

Calculated over the trailing 1-year period

20.36%

25.02%

-4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.12%

34.11%

-14.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.22%

34.32%

-15.10%

IJPH.L vs. TUR - Expense Ratio Comparison

IJPH.L has a 0.64% expense ratio, which is higher than TUR's 0.59% expense ratio.

Dividends

IJPH.L vs. TUR - Dividend Comparison

IJPH.L has not paid dividends to shareholders, while TUR's dividend yield for the trailing twelve months is around 3.25%.

PositionTTM20252024202320222021202020192018201720162015
IJPH.L
iShares MSCI Japan GBP Hedged 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%
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

IJPH.L and TUR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TUR is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TUR is cheaper with a 0.59% expense ratio, compared with 0.64% for IJPH.L.

IJPH.L is categorized as Japan Equities, while TUR is Emerging Markets Equities. IJPH.L tracks MSCI Japan 100% Hedged to GBP Index, while TUR tracks MSCI Turkey Investable Market Index. Their fees differ too: 0.64% for IJPH.L and 0.59% for TUR.

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