TUR vs. VEXC
TUR (iShares MSCI Turkey ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - TUR tracks the MSCI Turkey Investable Market Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. TUR charges 0.59%/yr vs 0.07%/yr for VEXC.
Performance
TUR vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, TUR achieves a 13.93% return, which is significantly lower than VEXC's 19.63% return.
TUR
- 1D
- 0.28%
- 1M
- -3.54%
- 6M
- 4.33%
- YTD
- 13.93%
- 1Y
- 20.64%
- 3Y*
- 9.71%
- 5Y*
- 15.78%
- 10Y*
- 2.08%
VEXC
- 1D
- 0.37%
- 1M
- -1.85%
- 6M
- 15.52%
- YTD
- 19.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUR vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUR iShares MSCI Turkey ETF | 13.93% | -0.53% |
VEXC Vanguard Emerging Markets Ex-China ETF | 19.63% | 4.50% |
Correlation
The correlation between TUR and VEXC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.48 |
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Return for Risk
TUR vs. VEXC — Risk / Return Rank
TUR
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | — | — |
| Martin ratioReturn relative to average drawdown | 3.34 | — | — |
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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.
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Drawdown Indicators
| TUR | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.34% | -12.42% | -59.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | — | — |
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 | -28.30% | -4.16% | -24.14% |
Average DrawdownAverage peak-to-trough decline | -39.82% | -2.35% | -37.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | — | — |
Volatility
TUR vs. VEXC - Volatility Comparison
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Volatility by Period
| TUR | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 20.10% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.16% | 20.10% | +14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 20.10% | +14.14% |
TUR vs. VEXC - Expense Ratio Comparison
TUR has a 0.59% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
TUR vs. VEXC - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 2.16%, more than VEXC's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUR iShares MSCI Turkey ETF | 2.16% | 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 | 1.44% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUR and VEXC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEXC is cheaper with a 0.07% expense ratio, compared with 0.59% for TUR.
TUR has the higher dividend yield at 2.16%, compared with 1.44% for VEXC.
TUR tracks MSCI Turkey Investable Market Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.59% for TUR and 0.07% for VEXC.
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