TUR vs. HEDJ
Compare and contrast key facts about iShares MSCI Turkey ETF (TUR) and WisdomTree Europe Hedged Equity Fund (HEDJ).
TUR and HEDJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TUR is a passively managed fund by iShares that tracks the performance of the MSCI Turkey Investable Market Index. It was launched on Mar 26, 2008. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. Both TUR and HEDJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TUR or HEDJ.
Performance
TUR vs. HEDJ - Performance Comparison
Returns By Period
In the year-to-date period, TUR achieves a 10.21% return, which is significantly higher than HEDJ's 3.18% return. Over the past 10 years, TUR has underperformed HEDJ with an annualized return of -1.62%, while HEDJ has yielded a comparatively higher 8.15% annualized return.
TUR
10.21%
3.75%
-17.55%
3.84%
9.02%
-1.62%
HEDJ
3.18%
-3.34%
-8.06%
8.87%
7.38%
8.15%
Key characteristics
| TUR | HEDJ | |
|---|---|---|
| Sharpe Ratio | 0.21 | 0.73 |
| Sortino Ratio | 0.46 | 1.06 |
| Omega Ratio | 1.05 | 1.13 |
| Calmar Ratio | 0.11 | 0.79 |
| Martin Ratio | 0.45 | 2.05 |
| Ulcer Index | 11.17% | 4.70% |
| Daily Std Dev | 23.77% | 13.27% |
| Max Drawdown | -72.34% | -38.18% |
| Current Drawdown | -37.61% | -8.82% |
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TUR vs. HEDJ - Expense Ratio Comparison
TUR has a 0.59% expense ratio, which is higher than HEDJ's 0.58% expense ratio.
Correlation
The correlation between TUR and HEDJ is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
TUR vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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.
Dividends
TUR vs. HEDJ - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 2.41%, less than HEDJ's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUR iShares MSCI Turkey ETF | 2.41% | 4.43% | 1.97% | 4.22% | 0.87% | 3.29% | 4.05% | 2.63% | 2.89% | 3.04% | 1.63% | 2.34% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.04% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
TUR vs. HEDJ - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, which is greater than HEDJ's maximum drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for TUR and HEDJ. For additional features, visit the drawdowns tool.
Volatility
TUR vs. HEDJ - Volatility Comparison
iShares MSCI Turkey ETF (TUR) has a higher volatility of 6.39% compared to WisdomTree Europe Hedged Equity Fund (HEDJ) at 3.98%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.