TUR vs. VEXC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Turkey ETF (TUR) and Vanguard Emerging Markets Ex-China ETF (VEXC).

TUR and VEXC 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. VEXC is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging ex China Index. It was launched on Sep 30, 2025. Both TUR and VEXC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TUR vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Turkey ETF (TUR) and Vanguard Emerging Markets Ex-China ETF (VEXC). The values are adjusted to include any dividend payments, if applicable.

TUR vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
TUR iShares MSCI Turkey ETF	12.41%	0.94%
VEXC Vanguard Emerging Markets Ex-China ETF	3.49%	4.80%

Returns By Period

In the year-to-date period, TUR achieves a 12.41% return, which is significantly higher than VEXC's 3.49% return.

TUR

• 1D: 0.10%
• 1M: -2.27%
• YTD: 12.41%
• 6M: 11.81%
• 1Y: 20.67%
• 3Y*: 8.93%
• 5Y*: 13.65%
• 10Y*: 1.67%

VEXC

• 1D: 0.86%
• 1M: -5.85%
• YTD: 3.49%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TUR vs. VEXC - Expense Ratio Comparison

TUR has a 0.59% expense ratio, which is higher than VEXC's 0.07% expense ratio.

TUR

iShares MSCI Turkey ETF

VEXC

Vanguard Emerging Markets Ex-China ETF

Return for Risk

TUR vs. VEXC — Risk / Return Rank

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

TUR

TUR Risk / Return Rank: 51
TUR Sharpe Ratio Rank: 49
TUR Sortino Ratio Rank: 57
TUR Omega Ratio Rank: 43
TUR Calmar Ratio Rank: 64
TUR Martin Ratio Rank: 42

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. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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	VEXC	Difference
Sharpe ratio Return per unit of total volatility	0.93	—	—
Sortino ratio Return per unit of downside risk	1.52	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.71	—	—
Martin ratio Return relative to average drawdown	4.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TUR	VEXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.03	-0.99

Correlation

The correlation between TUR and VEXC is 0.42, 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.

Dividends

TUR vs. VEXC - Dividend Comparison

TUR's dividend yield for the trailing twelve months is around 2.13%, more than VEXC's 0.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TUR iShares MSCI Turkey ETF	2.13%	2.40%	1.79%	4.43%	1.97%	4.22%	0.87%	3.29%	4.05%	2.64%	2.89%	3.04%
VEXC Vanguard Emerging Markets Ex-China ETF	0.86%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TUR vs. VEXC - Drawdown Comparison

The maximum TUR drawdown since its inception was -72.34%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for TUR and VEXC.

Drawdown Indicators

	TUR	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-72.34%	-12.42%	-59.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.25%	—	—
Current Drawdown Current decline from peak	-29.26%	-8.79%	-20.47%
Average Drawdown Average peak-to-trough decline	-40.05%	-2.32%	-37.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	—	—

Volatility

Volatility by Period

	TUR	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.36%	17.48%	+4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.76%	17.48%	+16.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.33%	17.48%	+16.85%