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 0.47 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 13.80% return, which is significantly lower than VEXC's 20.21% 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%
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUR vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TUR iShares MSCI Turkey ETF | 13.80% | 0.94% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between TUR and VEXC is 0.47, 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 3, 2025 | 0.47 |
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Return for Risk
TUR vs. VEXC — Risk / Return Rank
TUR
VEXC
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | — | — |
| Martin ratioReturn relative to average drawdown | 5.67 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TUR | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | — | — |
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 | 2.21 | -2.18 |
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 | -28.38% | -1.20% | -27.18% |
Average DrawdownAverage peak-to-trough decline | -39.90% | -2.23% | -37.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | — | — |
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 | 14.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 18.89% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.16% | 18.89% | +15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.39% | 18.89% | +15.50% |
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 2.11%, more than VEXC's 0.74% 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% |
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 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 0.47, 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 2.11%, compared with 0.74% 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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