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iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) Diversifiers

ETF · Currency in GBp · Last updated Jun 4, 2026

The iShares MSCI EM Latin America UCITS ETF USD (Dist) tracks the MSCI Emerging Markets Latin America 10/40 Index, which provides exposure to large- and mid-cap stocks across Latin American emerging markets — primarily Brazil, Mexico, Chile, Colombia, and Peru. The index applies 10/40 diversification rules to cap individual issuers at 10% and to keep the cumulative weight of issuers above 5% below 40%. The fund replicates the index via optimized sampling, distributes income semi-annually, and is domiciled in Ireland.

Looking to diversify beyond LTAM.L? The ETFs below have the lowest correlation with LTAM.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LTAM.L.

Best Diversifiers for LTAM.L

2 ETFs have low correlation with LTAM.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) (Utilities Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
UTIL.L
SPDR MSCI Europe Utilities UCITS ETF0.240.230.23
58
Utilities EquitiesLTAM.L vs UTIL.L
IITU.L
iShares S&P 500 Information Technology Sector UCIT...0.290.260.28
73
Technology Equities, S&P 500LTAM.L vs IITU.L
PHSP.L
WisdomTree Physical Silver0.350.240.23
53
Silver, Precious MetalsLTAM.L vs PHSP.L
CSP1.L
iShares Core S&P 500 UCITS ETF0.360.350.37
80
S&P 500LTAM.L vs CSP1.L
VUAG.L
Vanguard S&P 500 UCITS ETF (USD) Accumulating0.370.350.37
80
S&P 500LTAM.L vs VUAG.L
See all 25 diversifiers for LTAM.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from LTAM.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LTAM.L and solid risk/return profiles. The least correlated is 3I Infrastructure plc (3IN.L) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
3IN.L
3I Infrastructure plc0.140.190.16
63
Financial Services
CTY.L
The City of London Investment Trust plc0.380.430.41
80
Financial Services

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Diversification Analysis

Build a portfolio that complements LTAM.L

Add LTAM.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with LTAM.L