TUR vs. USOY
TUR (iShares MSCI Turkey ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index, while USOY is a Derivative Income fund actively managed by Defiance. TUR is passively managed, while USOY is actively managed. Over the past year, TUR returned 30.29% vs 57.29% for USOY. At a correlation of -0.05, they often move in opposite directions. TUR charges 0.59%/yr vs 1.22%/yr for USOY.
Performance
TUR vs. USOY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUR achieves a 13.80% return, which is significantly lower than USOY's 62.18% return.
TUR
- 1D
- -2.34%
- 1M
- -6.69%
- YTD
- 13.80%
- 6M
- 16.84%
- 1Y
- 30.29%
- 3Y*
- 10.24%
- 5Y*
- 14.80%
- 10Y*
- 2.47%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUR vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TUR iShares MSCI Turkey ETF | 13.80% | -1.54% | -11.77% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between TUR and USOY is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.05 |
The correlation between TUR and USOY shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TUR vs. USOY — Risk / Return Rank
TUR
USOY
TUR vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 4.03 | -2.14 |
| Martin ratioReturn relative to average drawdown | 5.67 | 7.74 | -2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TUR | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.89 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.99 | -0.95 |
Drawdowns
TUR vs. USOY - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for TUR and USOY.
Loading charts...
Drawdown Indicators
| TUR | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.34% | -17.46% | -54.88% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -14.29% | -1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -31.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.25% | — | — |
Current DrawdownCurrent decline from peak | -28.38% | -5.11% | -23.27% |
Average DrawdownAverage peak-to-trough decline | -39.90% | -6.47% | -33.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 7.42% | -2.06% |
Volatility
TUR vs. USOY - Volatility Comparison
iShares MSCI Turkey ETF (TUR) has a higher volatility of 14.14% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TUR | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 11.62% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | 27.18% | -7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 30.44% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.16% | 26.13% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.39% | 26.13% | +8.26% |
TUR vs. USOY - Expense Ratio Comparison
TUR has a 0.59% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
TUR vs. USOY - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 2.11%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUR iShares MSCI Turkey ETF | 2.11% | 2.40% | 1.79% | 4.43% | 1.97% | 4.22% | 0.87% | 3.29% | 4.05% | 2.64% | 2.89% | 3.04% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUR and USOY have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUR has higher volatility (14.14%) compared to USOY (11.62%). In terms of maximum drawdown, TUR dropped -72.34% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs 30.29% for TUR. On fees, TUR is cheaper at 0.59% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 57.29% return vs 30.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUR is cheaper with a 0.59% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 2.11% for TUR.
TUR is categorized as Emerging Markets Equities, while USOY is Derivative Income. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.59% for TUR and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.89 vs 1.20), 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.
Find the right allocation for TUR and USOY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer