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ITKY.L vs. G500.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ITKY.L vs. G500.L

Last updated Jul 16, 2026
Documentation

ITKY.L (iShares MSCI Turkey UCITS ETF USD (Dist)) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - ITKY.L tracks the iShares MSCI Turkey UCITS ETF USD (Dist) while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, ITKY.L returned 16.52%/yr vs 12.15%/yr for G500.L. At a 0.20 correlation, their price movements are largely independent. ITKY.L charges 0.74%/yr vs 0.05%/yr for G500.L.

Performance

ITKY.L vs. G500.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Turkey UCITS ETF USD (Dist) (ITKY.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ITKY.L achieves a 17.18% return, which is significantly higher than G500.L's 9.90% return.

ITKY.L

1D
1.42%
1M
-4.35%
6M
5.13%
YTD
17.18%
1Y
20.32%
3Y*
10.38%
5Y*
16.52%
10Y*
0.92%

G500.L

1D
-0.05%
1M
-0.03%
6M
9.49%
YTD
9.90%
1Y
21.08%
3Y*
19.63%
5Y*
12.15%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITKY.L vs. G500.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ITKY.L
iShares MSCI Turkey UCITS ETF USD (Dist)		17.18%-10.34%19.76%-11.97%112.20%-27.00%-1.45%
G500.L
Invesco S&P 500 UCITS ETF (GBP Hdg)		9.90%17.45%24.98%24.88%-19.98%28.95%20.65%

Correlation

The correlation between ITKY.L and G500.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.18

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

0.20

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2020

0.20

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iShares MSCI Turkey UCITS ETF USD (Dist)

Invesco S&P 500 UCITS ETF (GBP Hdg)

Return for Risk

ITKY.L vs. G500.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ITKY.L
ITKY.L Risk / Return Rank: 3030
Overall Rank
ITKY.L Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
ITKY.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
ITKY.L Omega Ratio Rank: 2828
Omega Ratio Rank
ITKY.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
ITKY.L Martin Ratio Rank: 3131
Martin Ratio Rank
G500.L
G500.L Risk / Return Rank: 7171
Overall Rank
G500.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
G500.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
G500.L Omega Ratio Rank: 6969
Omega Ratio Rank
G500.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
G500.L Martin Ratio Rank: 7373
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.

ITKY.L vs. G500.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey UCITS ETF USD (Dist) (ITKY.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.

ITKY.LG500.LDifference
Sharpe ratioReturn per unit of total volatility
0.82
1.81

-0.99

Sortino ratioReturn per unit of downside risk
1.30
2.70

-1.40

Omega ratioGain probability vs. loss probability

1.16

1.33

-0.16

Calmar ratioReturn relative to maximum drawdown

1.56

2.65

-1.10

Martin ratioReturn relative to average drawdown

3.68

10.68

-7.00

ITKY.L vs. G500.L - Sharpe Ratio Comparison

The current ITKY.L Sharpe Ratio is 0.82, which is lower than the G500.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of ITKY.L and G500.L, 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

ITKY.L vs. G500.L - Drawdown Comparison

The maximum ITKY.L drawdown since its inception was -75.60%, which is greater than G500.L's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for ITKY.L and G500.L.

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Drawdown Indicators

ITKY.LG500.LDifference

Max Drawdown

Largest peak-to-trough decline

-75.60%

-25.20%

-50.40%

Max Drawdown (1Y)

Largest decline over 1 year

-14.15%

-8.21%

-5.94%

Max Drawdown (3Y)

Largest decline over 3 years

-36.43%

-18.22%

-18.21%

Max Drawdown (5Y)

Largest decline over 5 years

-36.43%

-25.20%

-11.23%

Max Drawdown (10Y)

Largest decline over 10 years

-68.75%

—

—

Current Drawdown

Current decline from peak

-31.42%

-0.66%

-30.76%

Average Drawdown

Average peak-to-trough decline

-41.38%

-5.31%

-36.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.99%

2.04%

+3.95%

Volatility

ITKY.L vs. G500.L - Volatility Comparison

iShares MSCI Turkey UCITS ETF USD (Dist) (ITKY.L) has a higher volatility of 6.63% compared to Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) at 2.79%. This indicates that ITKY.L's price experiences larger fluctuations and is considered to be riskier than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ITKY.LG500.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.63%

2.79%

+3.84%

Volatility (6M)

Calculated over the trailing 6-month period

20.98%

9.28%

+11.70%

Volatility (1Y)

Calculated over the trailing 1-year period

26.91%

12.06%

+14.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.76%

15.99%

+19.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.95%

15.87%

+19.08%

ITKY.L vs. G500.L - Expense Ratio Comparison

ITKY.L has a 0.74% expense ratio, which is higher than G500.L's 0.05% expense ratio.

Dividends

ITKY.L vs. G500.L - Dividend Comparison

ITKY.L's dividend yield for the trailing twelve months is around 1.85%, while G500.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
G500.L
Invesco S&P 500 UCITS ETF (GBP Hdg)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ITKY.L
iShares MSCI Turkey UCITS ETF USD (Dist)		1.85%1.78%2.44%3.21%1.94%3.67%0.64%2.52%4.59%1.97%1.83%2.49%

Frequently Asked Questions

ITKY.L and G500.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

G500.L is cheaper with a 0.05% expense ratio, compared with 0.74% for ITKY.L.

ITKY.L tracks iShares MSCI Turkey UCITS ETF USD (Dist), while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.74% for ITKY.L and 0.05% for G500.L.

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