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.
Correlation
The correlation between TUR and HEDJ is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TUR vs. HEDJ - Performance Comparison
Key characteristics
TUR:
-0.84
HEDJ:
0.27
TUR:
-1.04
HEDJ:
0.57
TUR:
0.86
HEDJ:
1.07
TUR:
-0.51
HEDJ:
0.36
TUR:
-1.30
HEDJ:
0.94
TUR:
18.09%
HEDJ:
6.04%
TUR:
27.41%
HEDJ:
19.04%
TUR:
-72.34%
HEDJ:
-38.18%
TUR:
-44.02%
HEDJ:
-2.69%
Returns By Period
In the year-to-date period, TUR achieves a -12.41% return, which is significantly lower than HEDJ's 10.93% return. Over the past 10 years, TUR has underperformed HEDJ with an annualized return of -1.44%, while HEDJ has yielded a comparatively higher 7.66% annualized return.
TUR
-12.41%
-4.33%
-8.65%
-22.94%
13.27%
-1.44%
HEDJ
10.93%
6.17%
11.89%
5.11%
14.96%
7.66%
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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.
Risk-Adjusted Performance
TUR vs. HEDJ — Risk-Adjusted Performance Rank
TUR
HEDJ
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 2.04%, less than HEDJ's 2.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUR iShares MSCI Turkey ETF | 2.04% | 1.79% | 4.43% | 1.97% | 4.22% | 0.87% | 3.29% | 4.05% | 2.63% | 2.89% | 3.04% | 1.63% |
HEDJ WisdomTree Europe Hedged Equity Fund | 2.96% | 3.28% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% |
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
The current volatility for iShares MSCI Turkey ETF (TUR) is 6.35%, while WisdomTree Europe Hedged Equity Fund (HEDJ) has a volatility of 7.34%. This indicates that TUR experiences smaller price fluctuations and is considered to be less risky than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.