TUR vs. AMR

Last updated Jun 3, 2026

TUR (iShares MSCI Turkey ETF) is Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index, while AMR (Alpha Metallurgical Resources, Inc.) is a stock. Over the past 5 years, TUR returned 15.63%/yr vs 61.50%/yr for AMR. At a 0.14 correlation, their price movements are largely independent.

Performance

TUR vs. AMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Turkey ETF (TUR) and Alpha Metallurgical Resources, Inc. (AMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TUR achieves a 16.53% return, which is significantly higher than AMR's 9.02% return.

TUR

• 1D: 3.19%
• 1M: -5.82%
• YTD: 16.53%
• 6M: 18.83%
• 1Y: 36.93%
• 3Y*: 11.11%
• 5Y*: 15.63%
• 10Y*: 2.71%

AMR

• 1D: 1.17%
• 1M: 19.48%
• YTD: 9.02%
• 6M: 34.51%
• 1Y: 97.71%
• 3Y*: 14.82%
• 5Y*: 61.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TUR vs. AMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TUR iShares MSCI Turkey ETF	16.53%	-1.54%	12.91%	-8.83%	105.75%	-27.41%	-1.19%	14.49%	-41.46%	21.63%
AMR Alpha Metallurgical Resources, Inc.	9.02%	-0.12%	-40.95%	133.87%	150.06%	436.94%	25.64%	-86.23%	10.71%	-4.69%

Correlation

The correlation between TUR and AMR 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	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017	0.14

Return for Risk

TUR vs. AMR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TUR

TUR Risk / Return Rank: 43
TUR Sharpe Ratio Rank: 41
TUR Sortino Ratio Rank: 42
TUR Omega Ratio Rank: 43
TUR Calmar Ratio Rank: 46
TUR Martin Ratio Rank: 43

AMR

AMR Risk / Return Rank: 79
AMR Sharpe Ratio Rank: 83
AMR Sortino Ratio Rank: 80
AMR Omega Ratio Rank: 75
AMR Calmar Ratio Rank: 80
AMR Martin Ratio Rank: 78

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.

TUR vs. AMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Alpha Metallurgical Resources, Inc. (AMR). 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.

	TUR	AMR	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.62	-0.15
Sortino ratio Return per unit of downside risk	2.11	2.37	-0.25
Omega ratio Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio Return relative to maximum drawdown	2.31	2.71	-0.40
Martin ratio Return relative to average drawdown	6.99	6.11	+0.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TUR vs. AMR - Sharpe Ratio Comparison

The current TUR Sharpe Ratio is 1.47, which is comparable to the AMR Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of TUR and AMR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TUR	AMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.62	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	1.03	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.21	-0.17

Drawdowns

TUR vs. AMR - Drawdown Comparison

The maximum TUR drawdown since its inception was -72.34%, smaller than the maximum AMR drawdown of -97.35%. Use the drawdown chart below to compare losses from any high point for TUR and AMR.

Drawdown Indicators

	TUR	AMR	Difference
Max Drawdown Largest peak-to-trough decline	-72.34%	-97.35%	+25.01%
Max Drawdown (1Y) Largest decline over 1 year	-16.07%	-34.85%	+18.78%
Max Drawdown (3Y) Largest decline over 3 years	-31.63%	-77.51%	+45.88%
Max Drawdown (5Y) Largest decline over 5 years	-31.63%	-77.51%	+45.88%
Max Drawdown (10Y) Largest decline over 10 years	-59.25%	—	—
Current Drawdown Current decline from peak	-26.66%	-50.72%	+24.06%
Average Drawdown Average peak-to-trough decline	-39.90%	-40.33%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	15.46%	-10.14%

Volatility

TUR vs. AMR - Volatility Comparison

The current volatility for iShares MSCI Turkey ETF (TUR) is 14.03%, while Alpha Metallurgical Resources, Inc. (AMR) has a volatility of 19.08%. This indicates that TUR experiences smaller price fluctuations and is considered to be less risky than AMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TUR	AMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.03%	19.08%	-5.05%
Volatility (6M) Calculated over the trailing 6-month period	19.79%	40.80%	-21.01%
Volatility (1Y) Calculated over the trailing 1-year period	25.28%	60.74%	-35.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.15%	59.89%	-25.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.39%	73.74%	-39.35%

Dividends

TUR vs. AMR - Dividend Comparison

TUR's dividend yield for the trailing twelve months is around 2.06%, while AMR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMR Alpha Metallurgical Resources, Inc.	0.00%	0.00%	0.00%	0.57%	4.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TUR iShares MSCI Turkey ETF	2.06%	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

Can I hold both TUR and AMR in my portfolio?

TUR and AMR 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.

Which is riskier, TUR or AMR?

AMR has higher volatility (19.08%) compared to TUR (14.03%). In terms of maximum drawdown, TUR dropped -72.34% vs AMR's -97.35%.

Which has better risk-adjusted returns?

AMR currently has the higher Sharpe Ratio (1.62 vs 1.47), 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.