TUR vs. LLOY.L
TUR (iShares MSCI Turkey ETF) is Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index, while LLOY.L (Lloyds Banking Group plc) is a stock. Over the past 10 years, TUR returned 3.30%/yr vs 8.19%/yr for LLOY.L. At a 0.25 correlation, their price movements are largely independent.
Performance
TUR vs. LLOY.L - Performance Comparison
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Different Trading Currencies
TUR is traded in USD, while LLOY.L is traded in GBp. To make them comparable, the LLOY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TUR achieves a 18.11% return, which is significantly higher than LLOY.L's 6.70% return. Over the past 10 years, TUR has underperformed LLOY.L with an annualized return of 3.30%, while LLOY.L has yielded a comparatively higher 8.19% 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%
LLOY.L
- 1D
- 0.44%
- 1M
- 9.91%
- YTD
- 6.70%
- 6M
- 10.87%
- 1Y
- 38.12%
- 3Y*
- 40.35%
- 5Y*
- 21.34%
- 10Y*
- 8.19%
TUR vs. LLOY.L - 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% |
LLOY.L Lloyds Banking Group plc | 6.70% | 102.54% | 19.08% | 16.76% | -11.03% | 33.59% | -39.91% | 32.61% | -24.55% | 21.98% |
Correlation
The correlation between TUR and LLOY.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.25 |
The correlation between TUR and LLOY.L shifts across timeframes, from 0.14 (3 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TUR vs. LLOY.L — Risk / Return Rank
TUR
LLOY.L
TUR vs. LLOY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Lloyds Banking Group plc (LLOY.L). 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 | LLOY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.70 | +0.52 |
| Martin ratioReturn relative to average drawdown | 6.33 | 4.70 | +1.63 |
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Drawdowns
TUR vs. LLOY.L - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, smaller than the maximum LLOY.L drawdown of -94.08%. Use the drawdown chart below to compare losses from any high point for TUR and LLOY.L.
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Drawdown Indicators
| TUR | LLOY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.34% | -94.08% | +21.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -22.28% | +6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -31.63% | -22.28% | -9.35% |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | -39.53% | +7.90% |
Max Drawdown (10Y)Largest decline over 10 years | -59.25% | -66.89% | +7.64% |
Current DrawdownCurrent decline from peak | -25.67% | -32.11% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -39.87% | -67.32% | +27.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 8.09% | -2.45% |
Volatility
TUR vs. LLOY.L - Volatility Comparison
iShares MSCI Turkey ETF (TUR) has a higher volatility of 14.44% compared to Lloyds Banking Group plc (LLOY.L) at 8.56%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than LLOY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUR | LLOY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.44% | 8.56% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 23.17% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.43% | 30.26% | -4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.16% | 30.04% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.41% | 34.17% | +0.24% |
Dividends
TUR vs. LLOY.L - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 3.25%, less than LLOY.L's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLOY.L Lloyds Banking Group plc | 3.56% | 3.39% | 5.29% | 5.28% | 4.69% | 2.59% | 0.00% | 5.22% | 6.02% | 2.20% | 2.16% | 2.05% |
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 LLOY.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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