TUR vs. ISRG
TUR (iShares MSCI Turkey ETF) is Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index, while ISRG (Intuitive Surgical, Inc.) is a stock. Over the past 10 years, TUR returned 3.30%/yr vs 19.30%/yr for ISRG. At a 0.28 correlation, their price movements are largely independent.
Performance
TUR vs. ISRG - Performance Comparison
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Returns By Period
In the year-to-date period, TUR achieves a 18.11% return, which is significantly higher than ISRG's -26.45% return. Over the past 10 years, TUR has underperformed ISRG with an annualized return of 3.30%, while ISRG has yielded a comparatively higher 19.30% annualized return.
TUR
- 1D
- 3.02%
- 1M
- -1.49%
- YTD
- 18.11%
- 6M
- 16.38%
- 1Y
- 35.62%
- 3Y*
- 13.48%
- 5Y*
- 15.50%
- 10Y*
- 3.30%
ISRG
- 1D
- 1.34%
- 1M
- -1.09%
- YTD
- -26.45%
- 6M
- -25.55%
- 1Y
- -18.67%
- 3Y*
- 8.14%
- 5Y*
- 7.48%
- 10Y*
- 19.30%
TUR vs. ISRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TUR iShares MSCI Turkey ETF | 18.11% | -1.54% | 12.91% | -8.83% | 105.75% | -27.41% | -1.19% | 14.49% | -41.46% | 37.58% |
ISRG Intuitive Surgical, Inc. | -26.45% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
Correlation
The correlation between TUR and ISRG is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.28 |
Over the past year, the correlation between TUR and ISRG has dropped to 0.06 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
TUR vs. ISRG — Risk / Return Rank
TUR
ISRG
TUR vs. ISRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Intuitive Surgical, Inc. (ISRG). 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 | ISRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.91 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.58 | +2.81 |
| Martin ratioReturn relative to average drawdown | 6.33 | -1.16 | +7.49 |
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Drawdowns
TUR vs. ISRG - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, smaller than the maximum ISRG drawdown of -82.26%. Use the drawdown chart below to compare losses from any high point for TUR and ISRG.
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Drawdown Indicators
| TUR | ISRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.34% | -82.26% | +9.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -32.14% | +16.07% |
Max Drawdown (3Y)Largest decline over 3 years | -31.63% | -34.10% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | -49.90% | +18.27% |
Max Drawdown (10Y)Largest decline over 10 years | -59.25% | -49.90% | -9.35% |
Current DrawdownCurrent decline from peak | -25.67% | -31.76% | +6.09% |
Average DrawdownAverage peak-to-trough decline | -39.87% | -21.28% | -18.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 16.11% | -10.47% |
Volatility
TUR vs. ISRG - Volatility Comparison
iShares MSCI Turkey ETF (TUR) has a higher volatility of 14.44% compared to Intuitive Surgical, Inc. (ISRG) at 9.79%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than ISRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUR | ISRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.44% | 9.79% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 20.74% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.43% | 30.73% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.16% | 33.20% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.41% | 32.42% | +1.99% |
Dividends
TUR vs. ISRG - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 3.25%, while ISRG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | 0.00% | 0.00% | 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 | 3.25% | 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 ISRG have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUR has higher volatility (14.44%) compared to ISRG (9.79%). In terms of maximum drawdown, TUR dropped -72.34% vs ISRG's -82.26%.
TUR currently has the higher Sharpe Ratio (1.41 vs -0.61), 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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