DLTM.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI EM Latin America UCITS ETF (DLTM.L) and S&P 500 Index (^GSPC).

DLTM.L is a passively managed fund by iShares that tracks the performance of the MSCI EM Latin America NR USD. It was launched on Oct 15, 2007.

Performance

DLTM.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EM Latin America UCITS ETF (DLTM.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

DLTM.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLTM.L iShares MSCI EM Latin America UCITS ETF	16.99%	54.43%	-26.89%	33.42%	7.99%	-9.75%	-11.20%	12.80%	-5.26%	21.02%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, DLTM.L achieves a 16.99% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, DLTM.L has underperformed ^GSPC with an annualized return of 8.06%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

DLTM.L

• 1D: 3.25%
• 1M: -0.60%
• YTD: 16.99%
• 6M: 27.85%
• 1Y: 58.01%
• 3Y*: 18.91%
• 5Y*: 13.31%
• 10Y*: 8.06%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

DLTM.L vs. ^GSPC — Risk / Return Rank

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

DLTM.L

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

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

DLTM.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Latin America UCITS ETF (DLTM.L) and S&P 500 Index (^GSPC). 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.

	DLTM.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	2.63	0.92	+1.71
Sortino ratio Return per unit of downside risk	3.26	1.41	+1.85
Omega ratio Gain probability vs. loss probability	1.45	1.21	+0.24
Calmar ratio Return relative to maximum drawdown	4.73	1.41	+3.32
Martin ratio Return relative to average drawdown	16.02	6.61	+9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLTM.L vs. ^GSPC - Sharpe Ratio Comparison

The current DLTM.L Sharpe Ratio is 2.63, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of DLTM.L and ^GSPC, 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

	DLTM.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	0.92	+1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.61	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.68	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.46	-0.39

Correlation

The correlation between DLTM.L and ^GSPC is 0.33, 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.

Drawdowns

DLTM.L vs. ^GSPC - Drawdown Comparison

The maximum DLTM.L drawdown since its inception was -64.38%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for DLTM.L and ^GSPC.

Drawdown Indicators

	DLTM.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-64.38%	-56.78%	-7.60%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-12.14%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	-25.43%	-3.59%
Max Drawdown (10Y) Largest decline over 10 years	-54.87%	-33.92%	-20.95%
Current Drawdown Current decline from peak	-3.85%	-5.78%	+1.93%
Average Drawdown Average peak-to-trough decline	-30.06%	-10.75%	-19.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.60%	+1.03%

Volatility

DLTM.L vs. ^GSPC - Volatility Comparison

iShares MSCI EM Latin America UCITS ETF (DLTM.L) has a higher volatility of 9.01% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that DLTM.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLTM.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	5.37%	+3.64%
Volatility (6M) Calculated over the trailing 6-month period	16.14%	9.55%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.99%	18.33%	+3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.71%	16.90%	+5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.66%	18.05%	+8.61%