DLTM.L vs. CMXC.L
DLTM.L (iShares MSCI EM Latin America UCITS ETF) and CMXC.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) are both Latin America Equities funds from iShares - DLTM.L tracks the MSCI EM Latin America NR USD while CMXC.L tracks the MSCI Mexico Capped Index (Net Return Index). Both are passively managed. Over the past 10 years, DLTM.L returned 6.78%/yr vs 6.68%/yr for CMXC.L. A 0.70 correlation means they provide meaningful diversification when combined. DLTM.L charges 0.74%/yr vs 0.65%/yr for CMXC.L.
Performance
DLTM.L vs. CMXC.L - Performance Comparison
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Returns By Period
In the year-to-date period, DLTM.L achieves a 13.76% return, which is significantly higher than CMXC.L's 9.93% return. Both investments have delivered pretty close results over the past 10 years, with DLTM.L having a 6.78% annualized return and CMXC.L not far behind at 6.68%.
DLTM.L
- 1D
- 0.05%
- 1M
- 0.10%
- 6M
- 7.84%
- YTD
- 13.76%
- 1Y
- 39.94%
- 3Y*
- 12.15%
- 5Y*
- 9.90%
- 10Y*
- 6.78%
CMXC.L
- 1D
- -0.85%
- 1M
- -5.29%
- 6M
- 4.35%
- YTD
- 9.93%
- 1Y
- 33.06%
- 3Y*
- 10.57%
- 5Y*
- 12.66%
- 10Y*
- 6.68%
DLTM.L vs. CMXC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLTM.L iShares MSCI EM Latin America UCITS ETF | 13.76% | 54.38% | -26.87% | 33.35% | 8.00% | -9.77% | -11.18% | 12.80% | -5.26% | 20.98% |
CMXC.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 9.93% | 57.29% | -28.08% | 37.82% | -1.14% | 19.07% | -0.08% | 9.79% | -13.57% | 12.59% |
Correlation
The correlation between DLTM.L and CMXC.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.70 |
The correlation between DLTM.L and CMXC.L has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
DLTM.L vs. CMXC.L — Risk / Return Rank
DLTM.L
CMXC.L
DLTM.L vs. CMXC.L - 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 iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DLTM.L | CMXC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.34 | +0.24 |
| Martin ratioReturn relative to average drawdown | 7.06 | 7.77 | -0.71 |
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Drawdowns
DLTM.L vs. CMXC.L - Drawdown Comparison
The maximum DLTM.L drawdown since its inception was -66.54%, which is greater than CMXC.L's maximum drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for DLTM.L and CMXC.L.
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Drawdown Indicators
| DLTM.L | CMXC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.54% | -60.38% | -6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.38% | -13.65% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -27.82% | -30.66% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -29.01% | -30.66% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -54.86% | -52.90% | -1.96% |
Current DrawdownCurrent decline from peak | -9.26% | -6.88% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -28.97% | -18.97% | -10.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 4.12% | +1.52% |
Volatility
DLTM.L vs. CMXC.L - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF (DLTM.L) and iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) have volatilities of 5.93% and 6.19%, 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.
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Volatility by Period
| DLTM.L | CMXC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 6.19% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 17.42% | 19.01% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 22.22% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 23.36% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 25.64% | +0.74% |
DLTM.L vs. CMXC.L - Expense Ratio Comparison
DLTM.L has a 0.74% expense ratio, which is higher than CMXC.L's 0.65% expense ratio.
Dividends
DLTM.L vs. CMXC.L - Dividend Comparison
DLTM.L's dividend yield for the trailing twelve months is around 3.40%, while CMXC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMXC.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DLTM.L iShares MSCI EM Latin America UCITS ETF | 3.40% | 3.54% | 5.77% | 4.23% | 6.82% | 3.20% | 1.66% | 2.31% | 2.17% | 1.47% | 1.44% | 2.98% |
Frequently Asked Questions
DLTM.L and CMXC.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMXC.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMXC.L is cheaper with a 0.65% expense ratio, compared with 0.74% for DLTM.L.
DLTM.L tracks MSCI EM Latin America NR USD, while CMXC.L tracks MSCI Mexico Capped Index (Net Return Index). Their fees differ too: 0.74% for DLTM.L and 0.65% for CMXC.L.
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