SPY vs TUR
State Street SPDR S&P 500 ETF Trust vs iShares MSCI Turkey ETF
Which is better, SPY or TUR?
Large Cap Blend against Small Cap Blend.
SPY has a lower expense ratio. SPY led over 3Y and the full window, TUR over 1Y and 5Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 54.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TUR |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.59% |
| AUM | $814.4B | $230M |
| Dividend Yield | 1.01% | 2.23% |
| Holdings | 505 | 78 |
| YTD Return | +12.71% | +17.32%Best |
| 1Y Return | +19.36% | +27.19%Best |
| 3Y Return (annualized) | +21.09%Best | +3.97% |
| 5Y Return (annualized) | +12.69% | +15.20%Best |
| Volatility (annualized) | 15.7%Best | 33.7% |
| Max Drawdown | -52.4%Best | -77.5% |
| $10,000 over 5 years | $18,173 | $20,289Best |
| Top 10 Weight | 38.0%Best | 54.3% |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | Jan 22, 1993 | Mar 26, 2008 |
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2008 to Sep 8, 2026 (18.4 years).
SPY vs TUR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.4 years both funds cover.
SPY vs TUR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and iShares MSCI Turkey ETF (TUR) is an ETF from iShares by BlackRock (US). Over the past year SPY returned +19.36% while TUR returned +27.19%. Year to date, SPY is up 12.71% versus a gain of 17.32% for TUR.
Over three years, SPY compounded at +21.09% per year against +3.97% for TUR; over five years the annualized figures are +12.69% and +15.20% respectively. Across the full 18-year window we track, SPY has the edge at +10.24% annualized vs -0.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TUR has been the more volatile fund, with annualized monthly volatility of 33.7% compared with 15.7% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -52.4% for SPY and -77.5% for TUR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TUR charges 0.59%. On a $10,000 position that is $9 vs $59 annually, a gap of $50 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 2.23% for TUR.
Holdings Overlap
We hold position weights for 503 holdings in SPY and 74 in TUR, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 503 positions we hold weights for in SPY and 74 in TUR, against full books of 505 and 78.
What only one of them owns
Our book lists 2 positions for TUR that do not appear in our book for SPY (3.3% of the fund), and 493 for SPY that do not appear in TUR (99.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SPY and TUR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TUR?
SPY has an expense ratio of 0.09% while TUR charges 0.59%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, SPY or TUR?
Over the past year SPY returned +19.36% vs +27.19% for TUR, so TUR leads on 1-year performance. Over the longest common window we track (18 years), SPY annualized +10.24% vs -0.26% for TUR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TUR?
TUR has been the more volatile fund at 33.7% annualized versus 15.7% for SPY. Worst drawdown: SPY -52.4% vs TUR -77.5%.
Should I hold both SPY and TUR?
SPY and TUR have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TUR?
SPY yields 1.01% while TUR yields 2.23%, so TUR currently pays the higher dividend yield.
Is TUR better than SPY?
SPY has a lower expense ratio. SPY led over 3Y and the full window, TUR over 1Y and 5Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 54.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.