TUR vs. SBIO

Last updated Jun 9, 2026

TUR (iShares MSCI Turkey ETF) and SBIO (ALPS Medical Breakthroughs ETF) are both exchange-traded funds - TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index, while SBIO is a Health & Biotech Equities fund tracking the S-Network Medical Breakthroughs Index. Both are passively managed. Over the past 10 years, TUR returned 2.67%/yr vs 8.36%/yr for SBIO. At a 0.18 correlation, their price movements are largely independent. TUR charges 0.59%/yr vs 0.50%/yr for SBIO.

Performance

TUR vs. SBIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Turkey ETF (TUR) and ALPS Medical Breakthroughs ETF (SBIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TUR achieves a 12.06% return, which is significantly higher than SBIO's -1.72% return. Over the past 10 years, TUR has underperformed SBIO with an annualized return of 2.67%, while SBIO has yielded a comparatively higher 8.36% annualized return.

TUR

• 1D: 1.26%
• 1M: -11.46%
• YTD: 12.06%
• 6M: 13.21%
• 1Y: 25.17%
• 3Y*: 10.28%
• 5Y*: 13.98%
• 10Y*: 2.67%

SBIO

• 1D: -0.36%
• 1M: -9.33%
• YTD: -1.72%
• 6M: -2.48%
• 1Y: 59.38%
• 3Y*: 16.69%
• 5Y*: 1.33%
• 10Y*: 8.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TUR vs. SBIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TUR iShares MSCI Turkey ETF	12.06%	-1.54%	12.91%	-8.83%	105.75%	-27.41%	-1.19%	14.49%	-41.46%	37.58%
SBIO ALPS Medical Breakthroughs ETF	-1.72%	55.07%	3.81%	8.68%	-28.08%	-17.55%	21.17%	50.30%	-11.81%	45.67%

Correlation

The correlation between TUR and SBIO is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 31, 2014	0.18

TUR vs. SBIO - Sectors Allocation Comparison

Sectors	TUR	SBIO
Industrials	32.0%	-
Financial Services	22.0%	-0.0%
Consumer Defensive	11.4%	-
Basic Materials	9.8%	-
Consumer Cyclical	6.3%	-
Energy	5.9%	-
Real Estate	4.1%	-
Utilities	3.5%	-
Communication Services	3.2%	-
Healthcare	1.8%	100.0%
Technology	0.8%	-

Return for Risk

TUR vs. SBIO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TUR

TUR Risk / Return Rank: 32
TUR Sharpe Ratio Rank: 30
TUR Sortino Ratio Rank: 31
TUR Omega Ratio Rank: 33
TUR Calmar Ratio Rank: 35
TUR Martin Ratio Rank: 33

SBIO

SBIO Risk / Return Rank: 73
SBIO Sharpe Ratio Rank: 69
SBIO Sortino Ratio Rank: 70
SBIO Omega Ratio Rank: 60
SBIO Calmar Ratio Rank: 88
SBIO Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TUR vs. SBIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and ALPS Medical Breakthroughs ETF (SBIO). 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.

	TUR	SBIO	Difference
Sharpe ratio: Return per unit of total volatility	0.99	2.02	-1.02
Sortino ratio: Return per unit of downside risk	1.53	2.85	-1.31
Omega ratio: Gain probability vs. loss probability	1.20	1.33	-0.13
Calmar ratio: Return relative to maximum drawdown	1.57	4.72	-3.14
Martin ratio: Return relative to average drawdown	4.58	13.54	-8.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TUR vs. SBIO - Sharpe Ratio Comparison

The current TUR Sharpe Ratio is 0.99, which is lower than the SBIO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of TUR and SBIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TUR	SBIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	2.02	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.04	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.25	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.21	-0.18

Drawdowns

TUR vs. SBIO - Drawdown Comparison

The maximum TUR drawdown since its inception was -72.34%, which is greater than SBIO's maximum drawdown of -63.06%. Use the drawdown chart below to compare losses from any high point for TUR and SBIO.

Drawdown Indicators

	TUR	SBIO	Difference
Max Drawdown Largest peak-to-trough decline	-72.34%	-63.06%	-9.28%
Max Drawdown (1Y) Largest decline over 1 year	-16.07%	-12.66%	-3.41%
Max Drawdown (3Y) Largest decline over 3 years	-31.63%	-42.44%	+10.81%
Max Drawdown (5Y) Largest decline over 5 years	-31.63%	-53.10%	+21.47%
Max Drawdown (10Y) Largest decline over 10 years	-59.25%	-63.06%	+3.81%
Current Drawdown Current decline from peak	-29.48%	-17.90%	-11.58%
Average Drawdown Average peak-to-trough decline	-39.89%	-28.43%	-11.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	4.40%	+1.11%

Volatility

TUR vs. SBIO - Volatility Comparison

iShares MSCI Turkey ETF (TUR) has a higher volatility of 14.02% compared to ALPS Medical Breakthroughs ETF (SBIO) at 9.87%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than SBIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TUR	SBIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.02%	9.87%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	20.10%	22.68%	-2.58%
Volatility (1Y) Calculated over the trailing 1-year period	25.46%	29.62%	-4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.18%	33.56%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.41%	33.18%	+1.23%

TUR vs. SBIO - Expense Ratio Comparison

TUR has a 0.59% expense ratio, which is higher than SBIO's 0.50% expense ratio.

Dividends

TUR vs. SBIO - Dividend Comparison

TUR's dividend yield for the trailing twelve months is around 2.14%, while SBIO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBIO ALPS Medical Breakthroughs ETF	0.00%	0.00%	3.55%	0.22%	0.00%	0.00%	0.00%	0.04%	2.79%	1.77%	0.00%	0.00%
TUR iShares MSCI Turkey ETF	2.14%	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

Can I hold both TUR and SBIO in my portfolio?

TUR and SBIO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUR or SBIO?

TUR has higher volatility (14.02%) compared to SBIO (9.87%). In terms of maximum drawdown, TUR dropped -72.34% vs SBIO's -63.06%.

Which ETF is better, TUR or SBIO?

On 10-year performance, SBIO leads with 8.36% vs 2.67% for TUR. On fees, SBIO is cheaper at 0.50% per year. On volatility, SBIO has been the lower-risk option at 9.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TUR or SBIO?

Over the 10-year period, SBIO has performed better with a 8.36% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TUR or SBIO?

SBIO is cheaper with a 0.50% expense ratio, compared with 0.59% for TUR.

Which ETF pays a higher dividend yield, TUR or SBIO?

TUR has the higher dividend yield at 2.14%, compared with 0.00% for SBIO.

What is the main difference between TUR and SBIO?

TUR is categorized as Emerging Markets Equities, while SBIO is Health & Biotech Equities. TUR tracks MSCI Turkey Investable Market Index, while SBIO tracks S-Network Medical Breakthroughs Index. They also come from different issuers: iShares and SS&C. Their fees differ too: 0.59% for TUR and 0.50% for SBIO.

Which has better risk-adjusted returns?

SBIO currently has the higher Sharpe Ratio (2.02 vs 0.99), 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.