EWW vs TUR: Grades, Fees and Holdings Compared

iShares MSCI Mexico ETF

EWWANYSE Arca

iShares MSCI Turkey ETF

TURCNasdaq

Overlap

0.1%by weight

Expense ratio

EWW −0.09pt a year

EWW0.50%TUR0.59%

Avg volume · 30D

EWW 8.3×the volume

EWW1.16MTUR141K

10Y return · a year

EWW +6.5pt

EWW+7.3%TUR+0.8%

EWW vs TUR Performance

Nov 2, 2021 – Nov 2, 2026

+86.1%EWW+59.8%TUR

Expense ratio: EWW 0.50%, better; TUR 0.59%
Fund size: EWW $1.56B; TUR $146M
1Y total return: EWW +18.0%, better; TUR −9.9%
Yield (12M): EWW 3.25%, better; TUR 2.79%
Holdings: EWW 42; TUR 78
Avg volume (30D): EWW 1.16M sh, better; TUR 141K sh
NAV per share: EWW $74.42; TUR $29.58
52W range

ETF.net Grade

Pillar letters and Scores for EWW, TUR, with each pillar’s weight
Pillar	EWW	TUR
Cost30% weight	A88Higher	C50
Mission25% weight	B67Higher	D28
Risk15% weight	B55Higher	D27
Tradability15% weight	A100Higher	C42
Holdings10% weight	B61	B69Higher
Durability5% weight	A81Higher	C51

Rank among Emerging Markets Single Country funds

How we build Categories ›

Same Category. EWW and TUR are both graded against the same 21 Emerging Markets Single Country funds, so their Grades compare head to head.

Emerging Markets Single Country⁠

Category · 21 funds

See all 21 ›

EWW ranks 1st and TUR 13th of 21 funds in the Emerging Markets Single Country Category.

Rank 1AEWWiShares MSCI Mexico ETFScore 76
Rank 2BFLMXFranklin FTSE Mexico ETFScore 70
Rank 11CVNAMGlobal X MSCI Vietnam ETFScore 45
Rank 13CTURiShares MSCI Turkey ETFScore 41
Rank 14CFLSAFranklin FTSE Saudi Arabia ETFScore 40

Our read on each fund

ETF.net Research

EWWAiShares MSCI Mexico ETF

TURCiShares MSCI Turkey ETF

In short

EWW Mexico in one ticker, doing that job since 1996. Roughly 40 of the country's biggest listed names, capped so no single company runs the show, for 0.50% a year.

TUR One ticker, one country: about 70 Turkish companies, no regional padding. Running since 2008 at 0.59%, the same fee as the typical single-country emerging market fund.

Stated mandate

EWW The fund seeks to track an index composed of Mexican equities and provides targeted exposure to companies in Mexico.

TUR The fund seeks to track an index of Turkish equities, providing targeted single-country exposure to companies in Turkey.

Why people hold it

EWW 0.50% a year, below the typical single-country emerging-market fund. Cheap is not the pitch here, but you are not paying a premium for the exposure.
A billion-dollar-plus fund that trades actively, which is why it has long been the default way US investors get Mexico exposure in a brokerage account.
The 25/50 index rules keep any one issuer from swallowing the portfolio, a real safeguard in a market where a handful of giants dominate the exchange.ishares.com
Tracks its MSCI Mexico index tightly and ranks among the strongest builds in the single-country emerging-market group.

TUR A clean Turkey pure play. Roughly 70 Turkish companies, so the position isn't diluted by neighbors the way a broad emerging markets fund would dilute it.
0.59% expense ratio lands right at the median for single-country emerging market ETFs. Concentrated exposure without a concentration surcharge.
Live since 2008 on iShares plumbing, tracking the MSCI Turkey IMI 25/50 Index, whose capping rules keep any one company from dominating the basket.

Worth knowing

EWW About 40 stocks, one country, one currency. Peso moves and Mexican politics land straight in the return, with no diversification to soften them.
FLMX tracks Mexico for 0.19%. If cost is the deciding factor, that gap is the trade-off against EWW's deeper trading and longer track record.
Distributions come once or twice a year, not monthly. This is an equity exposure vehicle, not a steady income line.

TUR Single country, single currency. Lira moves feed straight into the dollar value here, on top of whatever the underlying stocks do.
A smaller fund that trades moderately rather than heavily, so spreads can widen. Limit orders are the norm in this corner of the market.
Cash comes back once or twice a year, not on a monthly or quarterly drip.

Full EWW profile⁠

Full TUR profile⁠

EWW vs TUR Holdings

How EWW and TUR differ

Overlap by weight

0.1%

Shared holdings make up 0.1% of TUR and 0.1% of EWW.

Level by level

Countryby domicile0.0%
Holdings0 in both0.1%
Sector11 Sectors62.3%
Asset classEquity100%

Sector

Sector weights in EWW and TUR, widest gap first
Sector	More in EWWMore in TUR	EWW	TUR
Industrials	TUR +18.4 points	12.0%	30.4%
Materials	EWW +15.0 points	26.1%	11.1%
Consumer Staples	EWW +11.1 points	25.0%	13.9%
Energy	TUR +10.9 points	0.0%	10.9%
Communication	EWW +5.9 points	9.2%	3.3%
Real Estate	EWW +4.1 points	8.1%	4.0%
Utilities	TUR +4.1 points	0.0%	4.1%
Consumer Discretionary	TUR +3.0 points	0.9%	3.9%
Financials	EWW +1.5 points	18.2%	16.7%
Health Care	TUR +1.2 points	0.4%	1.6%
Technology	TUR +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in EWW and TUR, widest gap first
Country	More in EWWMore in TUR	EWW	TUR
Mexico	EWW +100.0 points	100.0%	0.0%
Turkey	TUR +100.0 points	0.0%	100.0%

Outside the US: EWW 0% developed, 100% emerging. TUR 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

EWW64.4%
TUR62.6%

Securities held

EWW39
TUR75

Asset class

EWW: Equity
TUR: Equity

Holdings

Only in EWW39
In both0
Only in TUR75

Only in EWW

39 securities, 99.3% of EWW by weight

Grupo Mexico B14.89%
Gpo Finance Banorte11.23%
Fomento Economico Mexicano8.90%
America Movil B7.92%
Cemex Cpo4.56%
Walmart De Mexico V4.37%
Grupo Aeroportuario Del Pacifico3.84%
Indust Penoles3.40%
Arca Continental2.83%
Fibra Uno Administracion Reit2.50%
Grupo Carso Series A12.31%
Coca-Cola Femsa Class Ubl Units2.25%
Prologis Property Mexico Reit2.25%
Grupo Bimbo A2.19%
Grupo Aeroportuario Del Sureste B2.09%
Alfa A1.87%
Grupo Financiero Inbursa Sries O1.80%
Grupo Aeroportuario Del Centro Nor1.76%
Corporacion Inmobiliaria Vesta1.63%
Promotora Y Operadora De Infraestr1.48%
Kimberly-Clark De Mexico Class A1.47%
Fibra Mty Sapi Reit1.40%
Qualitas Controladora1.14%
Gentera Sab De Cv1.11%
Banco Del Bajio Institucion De Ban1.10%
Regional Sab De Cv1.08%
Gruma1.03%
Grupo Cementos0.88%
Alsea De Cv0.88%
Megacable Holdings Cpo0.82%
Alpek SA De Cv0.82%
Orbia Advance Corp SA De Cv0.69%
Grupo Televisa0.57%
Bolsa Mexicana De Valores0.57%
Controladora Vuela Compania De Avi0.46%
Genomma Lab International0.45%
Fibra Danhos Reit0.39%
La Comer Ubc0.36%
Macquarie Mexico Real Estate Manag<0.01%

Only in TUR

75 securities, 99.9% of TUR by weight

Aselsan Elektronik Sanayi Ve Ticar13.28%
Turkiye Petrol Rafinerileri A10.93%
Bim Birlesik Magazalar A9.82%
Akbank A6.25%
Turk Hava Yollari Ao A4.61%
Koc Holding A4.31%
Yapi Ve Kredi Bankasi A3.64%
Turkcell Iletisim Hizmetleri A3.42%
Eregli Demir Ve Celik Fabrikalari3.40%
Haci Omer Sabanci Holding A2.94%
Turkiye Is Bankasi C2.89%
Astor Enerji A.s.1.97%
Tav Havalimanlari Holding A1.58%
Migros Ticaret A1.30%
Yeni Gimat Real Estate Investment1.22%
Mlp Saglik Hizmetleri1.22%
Emlak Konut Gayrimenkul Yatirim Or1.20%
Anadolu Efes Biracilik Ve Malt San1.17%
Kardemir Karabuk Demir Celik Sanay1.17%
Koza Altin Isletmeleri A1.11%
Reysas Gayrimenkul Yatirim Ortakli1.10%
Ahlatci Dogal Gaz Dagitim Enerji V1.07%
Enerjisa Enerji1.04%
Enerya Enerji A.s.1.03%
Pegasus Hava Tasimaciligi A0.93%
Tofas Turk Otomobil Fabrikasi A0.91%
Reysasimacilik Ve Lojistik Ticaret0.88%
Turkiye Sise Ve Cam Fabrikalari A0.85%
Mavi Giyim Sanayi Ve Ticaret0.78%
Petkim Petrokimya Holding A0.73%
Dogan Sirketler Grubu Holding A0.70%
Tr Anadolu Metal Madencilik Isletm0.69%
Aksa Akrilik Kimya Sanayi A0.67%
Sasa Polyester Sanayi A0.67%
Sok Marketler Ticaret0.63%
Gubre Fabrikalari A0.63%
Alarko Holding A0.63%
Oyak Cimento Fabrikalari A.s.0.62%
Ulker Biskuvi Sanayi A0.59%
Aksa Enerji Uretim A0.53%
Nuh Cimento Sanayi A0.48%
Dogus Otomotiv Servis Ve Ticaret A0.47%
Cvk Maden Isletmeleri Sanayi Ve Ti0.45%
Turkiye Sigorta Anonim Sirketi0.44%
Tab Gida Sanayi Ve Ticaret As0.36%
Aygaz A0.35%
Anadolu Grubu Holding A0.33%
Cimsa Cimento Sanayii Ve Ticaret A0.33%
Turk Traktor Ve Ziraat Makineleri0.31%
Otokar Otomotiv Savunma Sanayi0.29%

Weight gaps

EWW and TUR share no securities.

All 39 EWW holdings⁠All 76 TUR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EWW vs TUR Cost

Overpaying TUR vs EWW

$1,656

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EWW 0.50%
$9,979
TUR 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

EWW 0.50%
TUR 0.59%
Overpaying

Year by year

Year	EWW	TUR	Overpaying
10	$900	$1,058	$158
20	$3,460	$4,051	$591
30	$9,979	$11,635	$1,656

Expense ratio

0.50%EWW, cheaper
0.59%TUR

EWW0.50%TUR0.59%

0.19%1.02%

Middle half of Emerging Markets Single Country funds
Median 0.59%

EWW 3rd cheapest of 21 funds

TUR 7th cheapest of 21 funds

EWW vs TUR Dividends

Last 12 months to Nov 2, 2026

Yield (12M): EWW 3.25%, better; TUR 2.79%
Payout (12M): EWW $2.46; TUR $0.84
Last payment: EWW $1.14; TUR $0.48
Ex-dividend: EWW Jun 15, 2026; TUR Jun 15, 2026
Paid on: EWW Jun 18, 2026; TUR Jun 18, 2026
Frequency: EWW Twice a year; TUR Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EWWTwice a year · 20 paymentsAll EWW payments⁠

TURTwice a year · 19 paymentsAll TUR payments⁠

EWW vs TUR Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: EWW 20.1%, betterTUR 26.2%
Return per unit of riskSharpe ratio, 3 years: EWW 0.56, betterTUR −0.15
Worst fallMax drawdown, 5 years: EWW −31.2%, betterTUR −31.7%
Market sensitivityBeta, 5 years: EWW 1.06TUR 0.38; Market = 1

EWW and TUR in the news

All news⁠

Top Movers
Tanker freight gained 20% as crude fell 4% and the S&P 500 went nowhere
Sep 18, 2026TUR
Top Movers
Tanker ETF gains 8.4% as crude falls
Sep 16, 2026TUR

Popular comparisons

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EWW vs TUR

In short

Stated mandate

Why people hold it

Worth knowing

How EWW and TUR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EWW

Only in TUR

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Tanker freight gained 20% as crude fell 4% and the S&P 500 went nowhere

Tanker ETF gains 8.4% as crude falls

How EWW and TUR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EWW

Only in TUR

Weight gaps