TUR vs. IOO
Compare and contrast key facts about iShares MSCI Turkey ETF (TUR) and iShares Global 100 ETF (IOO).
TUR and IOO 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. IOO is a passively managed fund by iShares that tracks the performance of the S&P Global 100 Index. It was launched on Dec 5, 2000. Both TUR and IOO 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 IOO.
Performance
TUR vs. IOO - Performance Comparison
Returns By Period
In the year-to-date period, TUR achieves a 6.76% return, which is significantly lower than IOO's 24.15% return. Over the past 10 years, TUR has underperformed IOO with an annualized return of -2.17%, while IOO has yielded a comparatively higher 11.99% annualized return.
TUR
6.76%
3.78%
-21.73%
-2.48%
7.97%
-2.17%
IOO
24.15%
-1.45%
7.80%
28.46%
15.79%
11.99%
Key characteristics
| TUR | IOO | |
|---|---|---|
| Sharpe Ratio | -0.09 | 2.05 |
| Sortino Ratio | 0.04 | 2.74 |
| Omega Ratio | 1.00 | 1.38 |
| Calmar Ratio | -0.05 | 2.51 |
| Martin Ratio | -0.19 | 10.37 |
| Ulcer Index | 11.41% | 2.69% |
| Daily Std Dev | 23.78% | 13.64% |
| Max Drawdown | -72.34% | -55.85% |
| Current Drawdown | -39.57% | -2.28% |
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TUR vs. IOO - Expense Ratio Comparison
TUR has a 0.59% expense ratio, which is higher than IOO's 0.40% expense ratio.
Correlation
The correlation between TUR and IOO is 0.49, 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.
Risk-Adjusted Performance
TUR vs. IOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and iShares Global 100 ETF (IOO). 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. IOO - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 2.49%, more than IOO's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUR iShares MSCI Turkey ETF | 2.49% | 4.43% | 1.97% | 4.22% | 0.87% | 3.29% | 4.05% | 2.63% | 2.89% | 3.04% | 1.63% | 2.34% |
IOO iShares Global 100 ETF | 1.09% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% | 3.52% | 2.37% |
Drawdowns
TUR vs. IOO - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for TUR and IOO. For additional features, visit the drawdowns tool.
Volatility
TUR vs. IOO - Volatility Comparison
iShares MSCI Turkey ETF (TUR) has a higher volatility of 6.56% compared to iShares Global 100 ETF (IOO) at 4.24%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.