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TUR vs. HEDJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.4

Performance

TUR vs. HEDJ - Performance Comparison

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

0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
-2.46%
205.70%
TUR
HEDJ

Key characteristics

Sharpe Ratio

TUR:

0.39

HEDJ:

0.42

Sortino Ratio

TUR:

0.71

HEDJ:

0.67

Omega Ratio

TUR:

1.08

HEDJ:

1.08

Calmar Ratio

TUR:

0.21

HEDJ:

0.46

Martin Ratio

TUR:

0.77

HEDJ:

1.08

Ulcer Index

TUR:

12.16%

HEDJ:

5.18%

Daily Std Dev

TUR:

23.81%

HEDJ:

13.30%

Max Drawdown

TUR:

-72.34%

HEDJ:

-38.18%

Current Drawdown

TUR:

-36.12%

HEDJ:

-7.66%

Returns By Period

In the year-to-date period, TUR achieves a 12.85% return, which is significantly higher than HEDJ's 4.49% return. Over the past 10 years, TUR has underperformed HEDJ with an annualized return of -1.38%, while HEDJ has yielded a comparatively higher 7.92% annualized return.


TUR

YTD

12.85%

1M

1.93%

6M

-14.84%

1Y

10.06%

5Y*

9.10%

10Y*

-1.38%

HEDJ

YTD

4.49%

1M

1.80%

6M

-3.56%

1Y

4.48%

5Y*

7.19%

10Y*

7.92%

Compare stocks, funds, or ETFs

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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.


TUR
iShares MSCI Turkey ETF
Expense ratio chart for TUR: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for HEDJ: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%

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.


Sharpe ratio
The chart of Sharpe ratio for TUR, currently valued at 0.39, compared to the broader market0.002.004.000.390.42
The chart of Sortino ratio for TUR, currently valued at 0.71, compared to the broader market-2.000.002.004.006.008.0010.000.710.67
The chart of Omega ratio for TUR, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.001.081.08
The chart of Calmar ratio for TUR, currently valued at 0.21, compared to the broader market0.005.0010.0015.000.210.46
The chart of Martin ratio for TUR, currently valued at 0.77, compared to the broader market0.0020.0040.0060.0080.00100.000.771.08
TUR
HEDJ

The current TUR Sharpe Ratio is 0.39, which is comparable to the HEDJ Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of TUR and HEDJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.39
0.42
TUR
HEDJ

Dividends

TUR vs. HEDJ - Dividend Comparison

TUR's dividend yield for the trailing twelve months is around 1.79%, less than HEDJ's 3.00% yield.


TTM20232022202120202019201820172016201520142013
TUR
iShares MSCI Turkey ETF
1.79%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
2.69%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.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-36.12%
-7.66%
TUR
HEDJ

Volatility

TUR vs. HEDJ - Volatility Comparison

iShares MSCI Turkey ETF (TUR) has a higher volatility of 6.64% compared to WisdomTree Europe Hedged Equity Fund (HEDJ) at 2.78%. 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
6.64%
2.78%
TUR
HEDJ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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