PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TUR vs. EPOL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TUR vs. EPOL

Last updated Aug 2, 2026
Documentation

TUR (iShares MSCI Turkey ETF) and EPOL (iShares MSCI Poland ETF) are both exchange-traded funds - TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index, while EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index. Both are passively managed. Over the past 10 years, TUR returned 2.90%/yr vs 11.96%/yr for EPOL. Their 0.45 correlation means their historical movements had little consistent relationship. TUR charges 0.59%/yr vs 0.61%/yr for EPOL.

Performance

TUR vs. EPOL - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, TUR achieves a 11.93% return, which is significantly lower than EPOL's 22.62% return. Over the past 10 years, TUR has underperformed EPOL with an annualized return of 2.90%, while EPOL has yielded a comparatively higher 11.96% annualized return.

TUR

1D
0.90%
1M
-3.25%
6M
-6.60%
YTD
11.93%
1Y
14.75%
3Y*
6.78%
5Y*
14.48%
10Y*
2.90%
ALL TIME*
1.07%

EPOL

1D
0.16%
1M
8.60%
6M
14.79%
YTD
22.62%
1Y
40.70%
3Y*
33.53%
5Y*
18.62%
10Y*
11.96%
ALL TIME*
6.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EPOL

iShares MSCI Poland ETF
$18.30M$16.66M$16.43M

TUR

iShares MSCI Turkey ETF
$3.86M$3.70M$9.25M

TUR vs. EPOL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TUR
iShares MSCI Turkey ETF		11.93%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%
EPOL
iShares MSCI Poland ETF		22.62%77.34%-2.61%50.70%-24.62%12.21%-8.38%-6.13%-13.76%52.43%

Correlation

The correlation between TUR and EPOL is 0.32, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.32

Correlation (3Y)
Balances recent behavior with more history.

0.24

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.28

Correlation (10Y)
Provides a long-term view across more market conditions.

0.34

Correlation (All Time)
Calculated using the full available price history since May 26, 2010

0.45

The correlation between TUR and EPOL shifts across timeframes, from 0.24 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.

TUR vs. EPOL - Sectors Allocation Comparison

Sectors
TUR
EPOL

Industrials

24.2%
1.8%

Financial Services

14.7%
45.7%

Consumer Defensive

13.0%
6.0%

Basic Materials

12.0%
7.1%

Energy

7.4%
13.2%

Consumer Cyclical

4.0%
14.0%

Communication Services

3.1%
5.4%

Healthcare

2.2%
0.7%

Utilities

1.9%
4.5%

Technology

1.5%
1.7%

Real Estate

1.1%

-

Industrials

TUR
24.2%
EPOL
1.8%

Financial Services

TUR
14.7%
EPOL
45.7%

Consumer Defensive

TUR
13.0%
EPOL
6.0%

Basic Materials

TUR
12.0%
EPOL
7.1%

Energy

TUR
7.4%
EPOL
13.2%

Consumer Cyclical

TUR
4.0%
EPOL
14.0%

Communication Services

TUR
3.1%
EPOL
5.4%

Healthcare

TUR
2.2%
EPOL
0.7%

Utilities

TUR
1.9%
EPOL
4.5%

Technology

TUR
1.5%
EPOL
1.7%

Real Estate

TUR
1.1%
EPOL

-

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

iShares MSCI Poland ETF

Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. SPYTUR vs. SFMTUR vs. VGKTUR vs. QQQ
Often compared with EPOL:
EPOL vs. SPYEPOL vs. EWQEPOL vs. IBCJ.DEEPOL vs. EIRLEPOL vs. EWPEPOL vs. EWWEPOL vs. EWK

Return for Risk

TUR vs. EPOL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
TUR
TUR Risk / Return Rank: 2727
Overall Rank
TUR Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 2727
Sortino Ratio Rank
TUR Omega Ratio Rank: 2828
Omega Ratio Rank
TUR Calmar Ratio Rank: 2828
Calmar Ratio Rank
TUR Martin Ratio Rank: 2828
Martin Ratio Rank
EPOL
EPOL Risk / Return Rank: 7979
Overall Rank
EPOL Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EPOL Sortino Ratio Rank: 7878
Sortino Ratio Rank
EPOL Omega Ratio Rank: 7070
Omega Ratio Rank
EPOL Calmar Ratio Rank: 8989
Calmar Ratio Rank
EPOL Martin Ratio Rank: 7878
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TUR vs. EPOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and iShares MSCI Poland ETF (EPOL). 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.

TUREPOLDifference
Sharpe ratioReturn per unit of total volatility
0.61
1.76

-1.15

Sortino ratioReturn per unit of downside risk
1.02
2.49

-1.47

Omega ratioGain probability vs. loss probability

1.13

1.29

-0.16

Calmar ratioReturn relative to maximum drawdown

0.94

3.68

-2.75

Martin ratioReturn relative to average drawdown

2.29

9.96

-7.67

TUR vs. EPOL - Sharpe Ratio Comparison

The current TUR Sharpe Ratio is 0.61, which is lower than the EPOL Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of TUR and EPOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

TUR vs. EPOL - Drawdown Comparison

The maximum TUR drawdown since its inception was -72.34%, which is greater than EPOL's maximum drawdown of -63.72%. Use the drawdown chart below to compare losses from any high point for TUR and EPOL.

Loading charts...

Drawdown Indicators

TUREPOLDifference

Max Drawdown

Largest peak-to-trough decline

-72.34%

-63.72%

-8.62%

Max Drawdown (1Y)

Largest decline over 1 year

-16.07%

-11.04%

-5.03%

Max Drawdown (3Y)

Largest decline over 3 years

-31.63%

-19.56%

-12.07%

Max Drawdown (5Y)

Largest decline over 5 years

-31.63%

-54.21%

+22.58%

Max Drawdown (10Y)

Largest decline over 10 years

-59.25%

-61.41%

+2.16%

Current Drawdown

Current decline from peak

-29.55%

0.00%

-29.55%

Average Drawdown

Average peak-to-trough decline

-39.79%

-26.64%

-13.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.56%

4.07%

+2.49%

Volatility

TUR vs. EPOL - Volatility Comparison

The current volatility for iShares MSCI Turkey ETF (TUR) is 4.72%, while iShares MSCI Poland ETF (EPOL) has a volatility of 5.29%. This indicates that TUR experiences smaller price fluctuations and is considered to be less risky than EPOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

TUREPOLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

5.29%

-0.57%

Volatility (6M)

Calculated over the trailing 6-month period

20.10%

18.34%

+1.76%

Volatility (1Y)

Calculated over the trailing 1-year period

24.54%

23.12%

+1.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.14%

29.12%

+5.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.10%

27.42%

+6.68%

TUR vs. EPOL - Expense Ratio Comparison

TUR has a 0.59% expense ratio, which is lower than EPOL's 0.61% expense ratio.

Dividends

TUR vs. EPOL - Dividend Comparison

TUR's dividend yield for the trailing twelve months is around 2.20%, less than EPOL's 3.44% yield.

PositionTTM20252024202320222021202020192018201720162015
EPOL
iShares MSCI Poland ETF		3.44%4.78%6.04%2.87%2.65%1.33%1.44%2.51%1.44%1.88%2.14%2.53%
TUR
iShares MSCI Turkey ETF		2.20%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 EPOL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPOL has higher volatility (5.29%) compared to TUR (4.72%). In terms of maximum drawdown, TUR dropped -72.34% vs EPOL's -63.72%.

On 10-year performance, EPOL leads with 11.96% vs 2.90% for TUR. On fees, TUR is cheaper at 0.59% per year. On volatility, TUR has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPOL has performed better with a 11.96% return vs 2.90%. 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 0.61% for EPOL.

EPOL has the higher dividend yield at 3.44%, compared with 2.20% for TUR.

TUR is categorized as Emerging Markets Equities, while EPOL is Europe Equities. TUR tracks MSCI Turkey Investable Market Index, while EPOL tracks MSCI Poland Investable Market Index. Their fees differ too: 0.59% for TUR and 0.61% for EPOL.

EPOL currently has the higher Sharpe Ratio (1.76 vs 0.61), 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.

Portfolio Optimizer

Find the right allocation for TUR and EPOL

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer