TUR vs. VGK
Compare and contrast key facts about iShares MSCI Turkey ETF (TUR) and Vanguard FTSE Europe ETF (VGK).
TUR and VGK 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. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005. Both TUR and VGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TUR or VGK.
Key characteristics
| TUR | VGK | |
|---|---|---|
| YTD Return | 24.38% | 2.21% |
| 1Y Return | 38.66% | 8.20% |
| 3Y Return (Ann) | 24.44% | 3.14% |
| 5Y Return (Ann) | 15.62% | 6.68% |
| 10Y Return (Ann) | -0.11% | 4.10% |
| Sharpe Ratio | 1.13 | 0.52 |
| Daily Std Dev | 31.81% | 13.29% |
| Max Drawdown | -72.34% | -63.61% |
| Current Drawdown | -29.59% | -2.85% |
Correlation
The correlation between TUR and VGK is 0.52, 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.
Performance
TUR vs. VGK - Performance Comparison
In the year-to-date period, TUR achieves a 24.38% return, which is significantly higher than VGK's 2.21% return. Over the past 10 years, TUR has underperformed VGK with an annualized return of -0.11%, while VGK has yielded a comparatively higher 4.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TUR vs. VGK - Expense Ratio Comparison
TUR has a 0.59% expense ratio, which is higher than VGK's 0.08% expense ratio.
Risk-Adjusted Performance
TUR vs. VGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey ETF (TUR) and Vanguard FTSE Europe ETF (VGK). 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.
Dividends
TUR vs. VGK - Dividend Comparison
TUR's dividend yield for the trailing twelve months is around 3.56%, more than VGK's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUR iShares MSCI Turkey ETF | 3.56% | 4.43% | 1.97% | 4.22% | 0.87% | 3.29% | 4.05% | 2.64% | 2.89% | 3.04% | 1.63% | 2.34% |
VGK Vanguard FTSE Europe ETF | 3.34% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% | 2.77% |
Drawdowns
TUR vs. VGK - Drawdown Comparison
The maximum TUR drawdown since its inception was -72.34%, which is greater than VGK's maximum drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for TUR and VGK. For additional features, visit the drawdowns tool.
Volatility
TUR vs. VGK - Volatility Comparison
iShares MSCI Turkey ETF (TUR) has a higher volatility of 6.69% compared to Vanguard FTSE Europe ETF (VGK) at 3.69%. This indicates that TUR's price experiences larger fluctuations and is considered to be riskier than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.