FLMX vs TUR: Grades, Fees and Holdings Compared

Franklin FTSE Mexico ETF

FLMXBNYSE Arca

iShares MSCI Turkey ETF

TURCNasdaq

Overlap

0.0%by weight

Expense ratio

FLMX −0.40pt a year

FLMX0.19%TUR0.59%

Avg volume · 30D

TUR 13.8×the volume

FLMX10.2KTUR141K

5Y return · a year

FLMX +2.8pt

FLMX+12.5%TUR+9.7%

FLMX vs TUR Performance

Oct 29, 2021 – Oct 30, 2026

+80.3%FLMX+59.0%TUR

Expense ratio: FLMX 0.19%, better; TUR 0.59%
Fund size: FLMX $82M; TUR $146M
1Y total return: FLMX +16.3%, better; TUR −11.6%
Yield (12M): FLMX 3.91%, better; TUR 2.84%
Holdings: FLMX 39; TUR 78
Avg volume (30D): FLMX 10.2K sh; TUR 141K sh, better
NAV per share: FLMX $36.31; TUR $29.58
52W range

ETF.net Grade

Pillar letters and Scores for FLMX, TUR, with each pillar’s weight
Pillar	FLMX	TUR
Cost30% weight	A100Higher	C50
Mission25% weight	B65Higher	D28
Risk15% weight	C54Higher	D26
Tradability15% weight	C48Higher	C42
Holdings10% weight	B64	B69Higher
Durability5% weight	D37	C51Higher

Rank among Emerging Markets Single Country funds

How we build Categories ›

Same Category. FLMX 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 ›

FLMX ranks 2nd and TUR 13th of 21 funds in the Emerging Markets Single Country Category.

Rank 1AEWWiShares MSCI Mexico ETFScore 76
Rank 2BFLMXFranklin FTSE Mexico ETFScore 69
Rank 3BEPOLiShares MSCI Poland ETFScore 64
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

FLMXBFranklin FTSE Mexico ETF

TURCiShares MSCI Turkey ETF

In short

FLMX Mexico exposure at a discount. Franklin's tracker charges 0.19%, a fraction of what single-country emerging-market funds usually cost, and holds a compact basket of the country's largest listed companies.

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

FLMX The Fund seeks to track the performance of the FTSE Mexico Capped Index before fees and expenses through an indexing strategy, investing at least 80% of assets in index components or related exposure.

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

Why people hold it

FLMX At 0.19%, one of the cheapest wrappers for Mexican equities: well under the roughly 0.59% median in its single-country EM cohort, and under EWW's 0.50%.
Plain, rules-based mandate: it tracks the FTSE Mexico Capped Index, keeping at least 80% of assets in index components or related exposure. No manager guesswork.
The index is a capped one, which limits how much of the portfolio any single Mexican mega-cap can occupy.
Live since 2017 and, on our review, one of the stronger implementations among single-country emerging-market funds.

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

FLMX Thinly traded. Spreads can run wider than at the category's busiest funds, which adds to the real cost of getting in and out beyond the headline fee.
One country, roughly 40 stocks. Concentration is the point, but it means Mexican policy, oil and peso moves all land straight in a dollar-based return.
Income arrives quarterly, not monthly.

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 FLMX profile⁠

Full TUR profile⁠

FLMX vs TUR Holdings

How FLMX and TUR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of FLMX and 0.0% of TUR.

Level by level

Countryby domicile0.0%
Holdings0 in both0.0%
Sector11 Sectors62.4%
Asset classEquity100%

Sector

Sector weights in FLMX and TUR, widest gap first
Sector	More in FLMXMore in TUR	FLMX	TUR
Industrials	TUR +18.4 points	12.0%	30.4%
Consumer Staples	FLMX +15.1 points	29.0%	13.9%
Energy	TUR +10.9 points	0.0%	10.9%
Materials	FLMX +10.6 points	21.7%	11.1%
Communication	FLMX +5.5 points	8.8%	3.3%
Real Estate	FLMX +4.9 points	8.9%	4.0%
Utilities	TUR +4.1 points	0.0%	4.1%
Consumer Discretionary	TUR +2.5 points	1.4%	3.9%
Health Care	TUR +1.6 points	0.0%	1.6%
Financials	FLMX +1.4 points	18.1%	16.7%
Technology	TUR +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

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

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

Concentration

Weight in the 10 largest Holdings

FLMX65.6%
TUR62.6%

Securities held

FLMX35
TUR75

Asset class

FLMX: Equity
TUR: Equity

Holdings

Only in FLMX35
In both0
Only in TUR75

Only in FLMX

35 securities, 100% of FLMX by weight

Grupo Mexico Sab De Cv-Se13.52%
Grupo Financiero Banorte-11.09%
Fomento Economico Mexica-8.86%
America Movil Sab De C-Se7.72%
Cemex Sab-Cpo6.79%
Walmart De Mexico Sab De4.54%
Arca Continental Sab De C3.93%
Grupo Aeroport Del Pacifi3.52%
Industrias Penoles Sab De2.89%
Coca-Cola Femsa Sab De Cv2.76%
Trust Fibra Uno2.61%
Prologis Property Mexico2.50%
Grupo Carso Sab De Cv-Ser2.39%
Grupo Bimbo Sab- Series A2.16%
Grupo Aeroport Del Surest2.05%
Fibra Mty Sapi De Cv2.00%
Grupo Aeroportuario Del C1.82%
Sigma Foods Sab De Cv1.71%
Corp Inmobiliaria Vesta’s1.61%
Kimberly-Clark De Mexico-1.58%
Grupo Financiero Inbursa-1.49%
Promotora Y Operadora De1.46%
Megacable Holdings-Cpo1.23%
Banco Del Bajio SA1.17%
Gentera Sab De Cv1.12%
Qualitas Controladora Sab1.07%
Regional Sab De Cv1.04%
Gruma S.a.b.-B0.97%
Alpek SA De Cv0.90%
Gcc Sab De Cv0.80%
Grupo Comercial Chedraui0.76%
Alsea Sab De Cv0.70%
El Puerto De LIVERPOOL-C10.55%
Orbia Advance Corp Sab De0.54%
Becle Sab De Cv0.18%

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

FLMX and TUR share no securities.

All 42 FLMX 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.

FLMX vs TUR Cost

Overpaying TUR vs FLMX

$7,683

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

FLMX 0.19%
$3,952
TUR 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

FLMX 0.19%
TUR 0.59%
Overpaying

Year by year

Year	FLMX	TUR	Overpaying
10	$347	$1,058	$711
20	$1,351	$4,051	$2,700
30	$3,952	$11,635	$7,683

Expense ratio

0.19%FLMX, cheaper
0.59%TUR

FLMX0.19%TUR0.59%

0.19%1.02%

Middle half of Emerging Markets Single Country funds
Median 0.59%

FLMX cheapest of 21 funds

TUR 7th cheapest of 21 funds

FLMX vs TUR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLMX 3.91%, better; TUR 2.84%
Payout (12M): FLMX $1.42; TUR $0.84
Last payment: FLMX $0.72; TUR $0.48
Ex-dividend: FLMX Jun 26, 2026; TUR Jun 15, 2026
Paid on: FLMX Jul 6, 2026; TUR Jun 18, 2026
Frequency: FLMX Twice a year; TUR Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FLMXTwice a year · 20 paymentsAll FLMX payments⁠

TURTwice a year · 19 paymentsAll TUR payments⁠

FLMX vs TUR Risk

Fall from peak · 5 years

FLMX
TUR

Risk facts

VolatilityStd dev, 3 years: FLMX 20.0%, betterTUR 26.2%
Return per unit of riskSharpe ratio, 3 years: FLMX 0.55, betterTUR −0.15
Worst fallMax drawdown, 5 years: FLMX −31.7%TUR −31.7%
Market sensitivityBeta, 5 years: FLMX 1.08TUR 0.38; Market = 1

FLMX 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

FLMXBvsEWWA
Franklin FTSE Mexico ETF · iShares MSCI Mexico ETF
Expense ratio
0.19% · 0.50%
Category
TURCvsEWWA
iShares MSCI Turkey ETF · iShares MSCI Mexico ETF
Expense ratio
0.59% · 0.50%
Category
FLMXBvsEPOLB
Franklin FTSE Mexico ETF · iShares MSCI Poland ETF
Expense ratio
0.19% · 0.59%
Category
TURCvsEPOLB
iShares MSCI Turkey ETF · iShares MSCI Poland ETF
Expense ratio
0.59% · 0.59%
Category
FLMXBvsEWMB
Franklin FTSE Mexico ETF · iShares MSCI Malaysia ETF
Expense ratio
0.19% · 0.50%
Category
TURCvsEWMB
iShares MSCI Turkey ETF · iShares MSCI Malaysia ETF
Expense ratio
0.59% · 0.50%
Category

FLMX vs TUR

In short

Stated mandate

Why people hold it

Worth knowing

How FLMX and TUR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLMX

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 FLMX and TUR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLMX

Only in TUR

Weight gaps