TUR vs. QQQ
Compare and contrast key facts about iShares MSCI Turkey ETF (TUR) and Invesco QQQ (QQQ).
TUR and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both TUR and QQQ 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 QQQ.
Performance
TUR vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, TUR achieves a 6.76% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, TUR has underperformed QQQ with an annualized return of -2.17%, while QQQ has yielded a comparatively higher 18.08% annualized return.
TUR
6.76%
3.78%
-21.73%
-2.48%
7.97%
-2.17%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| TUR | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.09 | 1.71 |
| Sortino Ratio | 0.04 | 2.29 |
| Omega Ratio | 1.00 | 1.31 |
| Calmar Ratio | -0.05 | 2.19 |
| Martin Ratio | -0.19 | 7.95 |
| Ulcer Index | 11.41% | 3.73% |
| Daily Std Dev | 23.78% | 17.38% |
| Max Drawdown | -72.34% | -82.98% |
| Current Drawdown | -39.57% | -2.13% |
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TUR vs. QQQ - Expense Ratio Comparison
TUR has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between TUR and QQQ is 0.40, 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 2.49%, more than QQQ's 0.60% 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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TUR vs. QQQ - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TUR and QQQ. For additional features, visit the drawdowns tool.
Volatility
TUR vs. QQQ - Volatility Comparison
iShares MSCI Turkey ETF (TUR) has a higher volatility of 6.56% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.