TUR vs. GEME
TUR (iShares MSCI Turkey ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. TUR is passively managed, while GEME is actively managed. Over the past year, TUR returned 36.03% vs 70.02% for GEME. At a 0.38 correlation, their price movements are largely independent. TUR charges 0.59%/yr vs 0.75%/yr for GEME.
Performance
TUR vs. GEME - Performance Comparison
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Returns By Period
In the year-to-date period, TUR achieves a 17.67% return, which is significantly lower than GEME's 32.99% return.
TUR
- 1D
- -1.23%
- 1M
- 2.95%
- YTD
- 17.67%
- 6M
- 16.33%
- 1Y
- 36.03%
- 3Y*
- 14.79%
- 5Y*
- 15.96%
- 10Y*
- 3.43%
GEME
- 1D
- -4.95%
- 1M
- 0.89%
- YTD
- 32.99%
- 6M
- 35.43%
- 1Y
- 70.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUR vs. GEME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUR iShares MSCI Turkey ETF | 17.67% | -3.79% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 32.99% | 37.43% |
Correlation
The correlation between TUR and GEME is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025 | 0.38 |
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Return for Risk
TUR vs. GEME — Risk / Return Rank
TUR
GEME
TUR vs. GEME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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.
| TUR | GEME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 5.23 | -2.98 |
| Martin ratioReturn relative to average drawdown | 6.32 | 19.34 | -13.02 |
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Drawdowns
TUR vs. GEME - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for TUR and GEME.
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Drawdown Indicators
| TUR | GEME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.34% | -16.86% | -55.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -13.46% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -31.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.25% | — | — |
Current DrawdownCurrent decline from peak | -25.94% | -5.18% | -20.76% |
Average DrawdownAverage peak-to-trough decline | -39.86% | -2.38% | -37.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 3.63% | +2.09% |
Volatility
TUR vs. GEME - Volatility Comparison
The current volatility for iShares MSCI Turkey ETF (TUR) is 10.32%, while Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a volatility of 10.98%. This indicates that TUR experiences smaller price fluctuations and is considered to be less risky than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUR | GEME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 10.98% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 20.48% | 20.46% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.50% | 23.24% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.16% | 24.00% | +10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.30% | 24.00% | +10.30% |
TUR vs. GEME - Expense Ratio Comparison
TUR has a 0.59% expense ratio, which is lower than GEME's 0.75% expense ratio.
Dividends
TUR vs. GEME - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 2.10%, less than GEME's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.27% | 7.01% | 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 | 2.10% | 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 GEME have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEME has higher volatility (10.98%) compared to TUR (10.32%). In terms of maximum drawdown, TUR dropped -72.34% vs GEME's -16.86%.
On 1-year performance, GEME leads with 70.02% vs 36.03% for TUR. On fees, TUR is cheaper at 0.59% per year. On volatility, TUR has been the lower-risk option at 10.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GEME has performed better with a 70.02% return vs 36.03%. 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 0.75% for GEME.
GEME has the higher dividend yield at 5.27%, compared with 2.10% for TUR.
They also come from different issuers: iShares and Pacific AM. Their fees differ too: 0.59% for TUR and 0.75% for GEME.
GEME currently has the higher Sharpe Ratio (3.03 vs 1.42), 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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