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TUR vs. ANET
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TUR vs. ANET

Last updated Jun 16, 2026

TUR (iShares MSCI Turkey ETF) is Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index, while ANET (Arista Networks, Inc.) is a stock. Over the past 10 years, TUR returned 3.30%/yr vs 43.70%/yr for ANET. At a 0.18 correlation, their price movements are largely independent.

Performance

TUR vs. ANET - Performance Comparison

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

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Returns By Period

In the year-to-date period, TUR achieves a 18.11% return, which is significantly lower than ANET's 29.05% return. Over the past 10 years, TUR has underperformed ANET with an annualized return of 3.30%, while ANET has yielded a comparatively higher 43.70% annualized return.

TUR

1D
3.02%
1M
-1.49%
YTD
18.11%
6M
16.38%
1Y
35.62%
3Y*
13.48%
5Y*
15.50%
10Y*
3.30%

ANET

1D
3.58%
1M
19.10%
YTD
29.05%
6M
34.32%
1Y
83.10%
3Y*
62.44%
5Y*
49.04%
10Y*
43.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TUR vs. ANET - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TUR
iShares MSCI Turkey ETF		18.11%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%
ANET
Arista Networks, Inc.		29.05%18.55%87.73%94.07%-15.58%97.89%42.86%-3.46%-10.56%143.44%

Correlation

The correlation between TUR and ANET 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

0.18

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

0.19

Correlation (All Time)
Calculated using the full available price history since Jun 6, 2014

0.18

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 Turkey ETF

Arista Networks, Inc.

Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. EPOLTUR vs. AMRTUR vs. SPYTUR vs. VGKTUR vs. SFM
Often compared with ANET:
ANET vs. NVDAANET vs. SMCIANET vs. CRWDANET vs. CRMANET vs. GOOGLANET vs. AAPLANET vs. CDW

Return for Risk

TUR vs. ANET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
ANET
ANET Risk / Return Rank: 8181
Overall Rank
ANET Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
ANET Sortino Ratio Rank: 7878
Sortino Ratio Rank
ANET Omega Ratio Rank: 7878
Omega Ratio Rank
ANET Calmar Ratio Rank: 8383
Calmar Ratio Rank
ANET Martin Ratio Rank: 8080
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.

TUR vs. ANET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Arista Networks, Inc. (ANET). 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.

TURANETDifference
Sharpe ratioReturn per unit of total volatility
1.41
1.56

-0.15

Sortino ratioReturn per unit of downside risk
2.04
2.12

-0.07

Omega ratioGain probability vs. loss probability

1.27

1.27

0.00

Calmar ratioReturn relative to maximum drawdown

2.23

2.95

-0.72

Martin ratioReturn relative to average drawdown

6.33

6.13

+0.20

TUR vs. ANET - Sharpe Ratio Comparison

The current TUR Sharpe Ratio is 1.41, which is comparable to the ANET Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of TUR and ANET, 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

TUR vs. ANET - Drawdown Comparison

The maximum TUR drawdown since its inception was -72.34%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for TUR and ANET.

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Drawdown Indicators

TURANETDifference

Max Drawdown

Largest peak-to-trough decline

-72.34%

-52.20%

-20.14%

Max Drawdown (1Y)

Largest decline over 1 year

-16.07%

-28.33%

+12.26%

Max Drawdown (3Y)

Largest decline over 3 years

-31.63%

-50.42%

+18.79%

Max Drawdown (5Y)

Largest decline over 5 years

-31.63%

-50.42%

+18.79%

Max Drawdown (10Y)

Largest decline over 10 years

-59.25%

-52.20%

-7.05%

Current Drawdown

Current decline from peak

-25.67%

-4.86%

-20.81%

Average Drawdown

Average peak-to-trough decline

-39.87%

-15.39%

-24.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.64%

13.60%

-7.96%

Volatility

TUR vs. ANET - Volatility Comparison

The current volatility for iShares MSCI Turkey ETF (TUR) is 14.44%, while Arista Networks, Inc. (ANET) has a volatility of 16.30%. This indicates that TUR experiences smaller price fluctuations and is considered to be less risky than ANET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TURANETDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.44%

16.30%

-1.86%

Volatility (6M)

Calculated over the trailing 6-month period

20.28%

40.91%

-20.63%

Volatility (1Y)

Calculated over the trailing 1-year period

25.43%

53.62%

-28.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.16%

47.28%

-13.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.41%

45.03%

-10.62%

Dividends

TUR vs. ANET - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
ANET
Arista Networks, Inc.		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

TUR and ANET 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.

ANET has higher volatility (16.30%) compared to TUR (14.44%). In terms of maximum drawdown, TUR dropped -72.34% vs ANET's -52.20%.

ANET currently has the higher Sharpe Ratio (1.56 vs 1.41), 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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