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XLI vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLI vs. TUR

Last updated Jun 9, 2026

XLI (Industrial Select Sector SPDR Fund) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - XLI is a Industrials Equities fund tracking the Industrial Select Sector Index, while TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, XLI returned 13.86%/yr vs 2.67%/yr for TUR. At a 0.43 correlation, their price movements are largely independent. XLI charges 0.08%/yr vs 0.59%/yr for TUR.

Performance

XLI vs. TUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Industrial Select Sector SPDR Fund (XLI) and iShares MSCI Turkey ETF (TUR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with XLI having a 12.25% return and TUR slightly lower at 12.06%. Over the past 10 years, XLI has outperformed TUR with an annualized return of 13.86%, while TUR has yielded a comparatively lower 2.67% annualized return.

XLI

1D
-0.32%
1M
0.25%
YTD
12.25%
6M
13.16%
1Y
21.42%
3Y*
21.04%
5Y*
12.54%
10Y*
13.86%

TUR

1D
1.26%
1M
-11.46%
YTD
12.06%
6M
13.21%
1Y
25.17%
3Y*
10.28%
5Y*
13.98%
10Y*
2.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLI vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XLI
Industrial Select Sector SPDR Fund		12.25%19.35%17.31%18.13%-5.57%21.08%10.91%29.08%-13.25%23.98%
TUR
iShares MSCI Turkey ETF		12.06%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%

Correlation

The correlation between XLI and TUR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2008

0.43

The correlation between XLI and TUR shifts across timeframes, from 0.22 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.

XLI vs. TUR - Sectors Allocation Comparison

Sectors
XLI
TUR

Industrials

90.7%
32.0%

Utilities

4.8%
3.5%

Technology

4.0%
0.8%

Consumer Cyclical

0.5%
6.3%

Basic Materials

-

9.8%

Communication Services

-

3.2%

Consumer Defensive

-

11.4%

Energy

-

5.9%

Financial Services

-

22.0%

Healthcare

-

1.8%

Real Estate

-

4.1%

Industrials

XLI
90.7%
TUR
32.0%

Utilities

XLI
4.8%
TUR
3.5%

Technology

XLI
4.0%
TUR
0.8%

Consumer Cyclical

XLI
0.5%
TUR
6.3%

Basic Materials

XLI

-

TUR
9.8%

Communication Services

XLI

-

TUR
3.2%

Consumer Defensive

XLI

-

TUR
11.4%

Energy

XLI

-

TUR
5.9%

Financial Services

XLI

-

TUR
22.0%

Healthcare

XLI

-

TUR
1.8%

Real Estate

XLI

-

TUR
4.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Industrial Select Sector SPDR Fund

iShares MSCI Turkey ETF

Often compared with XLI:
XLI vs. VISXLI vs. PAVEXLI vs. XLKXLI vs. SPYXLI vs. FIDUXLI vs. ITAXLI vs. AIRR
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. EPOLTUR vs. SPYTUR vs. VGKTUR vs. SFM

Return for Risk

XLI vs. TUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLI
XLI Risk / Return Rank: 4343
Overall Rank
XLI Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XLI Sortino Ratio Rank: 4646
Sortino Ratio Rank
XLI Omega Ratio Rank: 4040
Omega Ratio Rank
XLI Calmar Ratio Rank: 3939
Calmar Ratio Rank
XLI Martin Ratio Rank: 4646
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 3232
Overall Rank
TUR Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 3131
Sortino Ratio Rank
TUR Omega Ratio Rank: 3333
Omega Ratio Rank
TUR Calmar Ratio Rank: 3535
Calmar Ratio Rank
TUR Martin Ratio Rank: 3333
Martin Ratio Rank
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.

XLI vs. TUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) and iShares MSCI Turkey ETF (TUR). 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.

XLITURDifference
Sharpe ratioReturn per unit of total volatility
1.39
0.99

+0.40

Sortino ratioReturn per unit of downside risk
2.06
1.53

+0.53

Omega ratioGain probability vs. loss probability

1.24

1.20

+0.04

Calmar ratioReturn relative to maximum drawdown

1.76

1.57

+0.19

Martin ratioReturn relative to average drawdown

6.97

4.58

+2.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLI vs. TUR - Sharpe Ratio Comparison

The current XLI Sharpe Ratio is 1.39, which is higher than the TUR Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of XLI and TUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XLITURDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

0.99

+0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.41

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.08

+0.62

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.03

+0.42

Drawdowns

XLI vs. TUR - Drawdown Comparison

The maximum XLI drawdown since its inception was -62.26%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for XLI and TUR.

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Drawdown Indicators

XLITURDifference

Max Drawdown

Largest peak-to-trough decline

-62.26%

-72.34%

+10.08%

Max Drawdown (1Y)

Largest decline over 1 year

-12.21%

-16.07%

+3.86%

Max Drawdown (3Y)

Largest decline over 3 years

-18.49%

-31.63%

+13.14%

Max Drawdown (5Y)

Largest decline over 5 years

-21.64%

-31.63%

+9.99%

Max Drawdown (10Y)

Largest decline over 10 years

-42.33%

-59.25%

+16.92%

Current Drawdown

Current decline from peak

-2.67%

-29.48%

+26.81%

Average Drawdown

Average peak-to-trough decline

-9.20%

-39.89%

+30.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.08%

5.51%

-2.43%

Volatility

XLI vs. TUR - Volatility Comparison

The current volatility for Industrial Select Sector SPDR Fund (XLI) is 3.98%, while iShares MSCI Turkey ETF (TUR) has a volatility of 14.02%. This indicates that XLI experiences smaller price fluctuations and is considered to be less risky than TUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XLITURDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

14.02%

-10.04%

Volatility (6M)

Calculated over the trailing 6-month period

12.84%

20.10%

-7.26%

Volatility (1Y)

Calculated over the trailing 1-year period

15.47%

25.46%

-9.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.43%

34.18%

-16.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.99%

34.41%

-14.42%

XLI vs. TUR - Expense Ratio Comparison

XLI has a 0.08% expense ratio, which is lower than TUR's 0.59% expense ratio.

Dividends

XLI vs. TUR - Dividend Comparison

XLI's dividend yield for the trailing twelve months is around 1.18%, less than TUR's 2.14% yield.

PositionTTM20252024202320222021202020192018201720162015
TUR
iShares MSCI Turkey ETF		2.14%2.40%1.79%4.43%1.97%4.22%0.87%3.29%4.05%2.64%2.89%3.04%
XLI
Industrial Select Sector SPDR Fund		1.18%1.29%1.44%1.63%1.63%1.25%1.55%1.94%2.15%1.77%2.07%2.15%

Frequently Asked Questions

XLI and TUR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TUR has higher volatility (14.02%) compared to XLI (3.98%). In terms of maximum drawdown, XLI dropped -62.26% vs TUR's -72.34%.

On 10-year performance, XLI leads with 13.86% vs 2.67% for TUR. On fees, XLI is cheaper at 0.08% per year. On volatility, XLI has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XLI has performed better with a 13.86% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLI is cheaper with a 0.08% expense ratio, compared with 0.59% for TUR.

TUR has the higher dividend yield at 2.14%, compared with 1.18% for XLI.

XLI is categorized as Industrials Equities, while TUR is Emerging Markets Equities. XLI tracks Industrial Select Sector Index, while TUR tracks MSCI Turkey Investable Market Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLI and 0.59% for TUR.

XLI currently has the higher Sharpe Ratio (1.39 vs 0.99), 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.

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