ALAG.L vs. ALAU.L

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Amundi MSCI Em Latin America (ALAU.L).

ALAG.L and ALAU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALAG.L is a passively managed fund by Amundi that tracks the performance of the MSCI EM Latin America NR USD. It was launched on Mar 22, 2018. ALAU.L is a passively managed fund by Amundi that tracks the performance of the MSCI EM Latin America NR USD. It was launched on Mar 22, 2018. Both ALAG.L and ALAU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ALAG.L vs. ALAU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Amundi MSCI Em Latin America (ALAU.L). The values are adjusted to include any dividend payments, if applicable.

ALAG.L vs. ALAU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD	18.11%	44.31%	-25.31%	25.10%	21.74%	-8.24%	-16.56%	12.56%	-1.55%	12.30%
ALAU.L Amundi MSCI Em Latin America	18.66%	43.92%	-25.14%	23.53%	25.23%	-8.25%	-13.06%	7.92%	-2.80%	14.98%

Different Trading Currencies

ALAG.L is traded in GBp, while ALAU.L is traded in USD. To make them comparable, the ALAU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with ALAG.L having a 18.11% return and ALAU.L slightly higher at 18.66%. Over the past 10 years, ALAG.L has underperformed ALAU.L with an annualized return of 8.94%, while ALAU.L has yielded a comparatively higher 9.78% annualized return.

ALAG.L

• 1D: 2.43%
• 1M: -0.71%
• YTD: 18.11%
• 6M: 29.75%
• 1Y: 53.58%
• 3Y*: 16.05%
• 5Y*: 14.09%
• 10Y*: 8.94%

ALAU.L

• 1D: 2.91%
• 1M: 0.55%
• YTD: 18.66%
• 6M: 30.15%
• 1Y: 54.53%
• 3Y*: 16.17%
• 5Y*: 14.54%
• 10Y*: 9.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALAG.L vs. ALAU.L - Expense Ratio Comparison

Both ALAG.L and ALAU.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

ALAG.L

Amundi MSCI Em Latin America UCITS ETF-C USD

ALAU.L

Amundi MSCI Em Latin America

Return for Risk

ALAG.L vs. ALAU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALAG.L

ALAG.L Risk / Return Rank: 96
ALAG.L Sharpe Ratio Rank: 97
ALAG.L Sortino Ratio Rank: 96
ALAG.L Omega Ratio Rank: 95
ALAG.L Calmar Ratio Rank: 97
ALAG.L Martin Ratio Rank: 96

ALAU.L

ALAU.L Risk / Return Rank: 95
ALAU.L Sharpe Ratio Rank: 96
ALAU.L Sortino Ratio Rank: 96
ALAU.L Omega Ratio Rank: 94
ALAU.L Calmar Ratio Rank: 96
ALAU.L Martin Ratio Rank: 94

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.

ALAG.L vs. ALAU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Amundi MSCI Em Latin America (ALAU.L). 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.

	ALAG.L	ALAU.L	Difference
Sharpe ratio Return per unit of total volatility	2.81	2.77	+0.04
Sortino ratio Return per unit of downside risk	3.41	3.46	-0.05
Omega ratio Gain probability vs. loss probability	1.49	1.47	+0.01
Calmar ratio Return relative to maximum drawdown	5.27	4.75	+0.52
Martin ratio Return relative to average drawdown	17.75	16.71	+1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALAG.L vs. ALAU.L - Sharpe Ratio Comparison

The current ALAG.L Sharpe Ratio is 2.81, which is comparable to the ALAU.L Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of ALAG.L and ALAU.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALAG.L	ALAU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	2.77	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.97	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.63	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.65	-0.22

Correlation

The correlation between ALAG.L and ALAU.L is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ALAG.L vs. ALAU.L - Dividend Comparison

Neither ALAG.L nor ALAU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ALAG.L vs. ALAU.L - Drawdown Comparison

The maximum ALAG.L drawdown since its inception was -48.94%, roughly equal to the maximum ALAU.L drawdown of -48.77%. Use the drawdown chart below to compare losses from any high point for ALAG.L and ALAU.L.

Drawdown Indicators

	ALAG.L	ALAU.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.94%	-51.94%	+3.00%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-11.71%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-27.25%	+1.51%
Max Drawdown (10Y) Largest decline over 10 years	-48.94%	-51.94%	+3.00%
Current Drawdown Current decline from peak	-2.12%	-3.92%	+1.80%
Average Drawdown Average peak-to-trough decline	-12.20%	-11.81%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.60%	-0.54%

Volatility

ALAG.L vs. ALAU.L - Volatility Comparison

Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Amundi MSCI Em Latin America (ALAU.L) have volatilities of 8.69% and 8.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAG.L	ALAU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.69%	8.57%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	14.66%	15.45%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	20.03%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.46%	28.60%	-8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	43.76%	-18.72%