IMVP vs. TUR
IMVP (Invesco India ETF) and TUR (iShares MSCI Turkey ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while TUR tracks the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 2.47%/yr for TUR. At a 0.45 correlation, their price movements are largely independent. IMVP charges 0.78%/yr vs 0.59%/yr for TUR.
Performance
IMVP vs. TUR - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than TUR's 13.80% return. Over the past 10 years, IMVP has outperformed TUR with an annualized return of 8.19%, while TUR has yielded a comparatively lower 2.47% annualized return.
IMVP
- 1D
- -2.11%
- 1M
- -2.53%
- YTD
- -16.08%
- 6M
- -14.80%
- 1Y
- -16.87%
- 3Y*
- 2.95%
- 5Y*
- 2.42%
- 10Y*
- 8.19%
TUR
- 1D
- -2.34%
- 1M
- -6.69%
- YTD
- 13.80%
- 6M
- 16.84%
- 1Y
- 30.29%
- 3Y*
- 10.24%
- 5Y*
- 14.80%
- 10Y*
- 2.47%
IMVP vs. TUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
TUR iShares MSCI Turkey ETF | 13.80% | -1.54% | 12.91% | -8.83% | 105.75% | -27.41% | -1.19% | 14.49% | -41.46% | 37.58% |
Correlation
The correlation between IMVP 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.45 |
Over the past year, the correlation between IMVP and TUR has dropped to 0.23 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
IMVP vs. TUR — Risk / Return Rank
IMVP
TUR
IMVP vs. TUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.
| IMVP | TUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.24 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.89 | -2.68 |
| Martin ratioReturn relative to average drawdown | -1.84 | 5.67 | -7.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMVP | TUR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 1.20 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.44 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.07 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.04 | +0.08 |
Drawdowns
IMVP vs. TUR - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for IMVP and TUR.
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Drawdown Indicators
| IMVP | TUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -72.34% | +7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -16.07% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -31.63% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -31.63% | +5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -59.25% | +19.56% |
Current DrawdownCurrent decline from peak | -23.71% | -28.38% | +4.67% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -39.90% | +23.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 5.36% | +3.80% |
Volatility
IMVP vs. TUR - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 6.00%, while iShares MSCI Turkey ETF (TUR) has a volatility of 14.14%. This indicates that IMVP 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
| IMVP | TUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 14.14% | -8.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 19.90% | -5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 25.40% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 34.16% | -18.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 34.39% | -14.80% |
IMVP vs. TUR - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than TUR's 0.59% expense ratio.
Dividends
IMVP vs. TUR - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than TUR's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 8.81% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
TUR iShares MSCI Turkey ETF | 2.11% | 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
IMVP 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.
TUR has higher volatility (14.14%) compared to IMVP (6.00%). In terms of maximum drawdown, IMVP dropped -64.54% vs TUR's -72.34%.
On 10-year performance, IMVP leads with 8.19% vs 2.47% for TUR. On fees, TUR is cheaper at 0.59% per year. On volatility, IMVP has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IMVP has performed better with a 8.19% return vs 2.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUR is cheaper with a 0.59% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 2.11% for TUR.
IMVP tracks FTSE India Quality and Yield Select Index, while TUR tracks MSCI Turkey Investable Market Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.78% for IMVP and 0.59% for TUR.
TUR currently has the higher Sharpe Ratio (1.20 vs -1.05), 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.
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