DLTM.L vs. FVUB.L
DLTM.L (iShares MSCI EM Latin America UCITS ETF) and FVUB.L (Franklin FTSE Brazil UCITS ETF) are both Latin America Equities funds - DLTM.L tracks the MSCI EM Latin America NR USD while FVUB.L tracks the MSCI Brazil NR USD. Both are passively managed. Over the past 5 years, DLTM.L returned 8.58%/yr vs 5.94%/yr for FVUB.L. Their correlation of 0.91 suggests significant overlap in exposure. DLTM.L charges 0.74%/yr vs 0.19%/yr for FVUB.L.
Performance
DLTM.L vs. FVUB.L - Performance Comparison
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Different Trading Currencies
DLTM.L is traded in USD, while FVUB.L is traded in GBP. To make them comparable, the FVUB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DLTM.L achieves a 9.93% return, which is significantly lower than FVUB.L's 14.30% return.
DLTM.L
- 1D
- -0.71%
- 1M
- -7.84%
- YTD
- 9.93%
- 6M
- 8.15%
- 1Y
- 36.25%
- 3Y*
- 13.43%
- 5Y*
- 8.58%
- 10Y*
- 7.49%
FVUB.L
- 1D
- -0.57%
- 1M
- -10.49%
- YTD
- 14.30%
- 6M
- 9.95%
- 1Y
- 35.33%
- 3Y*
- 13.53%
- 5Y*
- 5.94%
- 10Y*
- —
DLTM.L vs. FVUB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DLTM.L iShares MSCI EM Latin America UCITS ETF | 9.93% | 54.43% | -26.89% | 33.42% | 7.99% | -9.75% | -11.20% | 7.53% |
FVUB.L Franklin FTSE Brazil UCITS ETF | 14.30% | 45.73% | -27.99% | 33.00% | 10.60% | -16.21% | -19.81% | -11.18% |
Correlation
The correlation between DLTM.L and FVUB.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.91 |
The correlation between DLTM.L and FVUB.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
DLTM.L vs. FVUB.L — Risk / Return Rank
DLTM.L
FVUB.L
DLTM.L vs. FVUB.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 Franklin FTSE Brazil UCITS ETF (FVUB.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.
| DLTM.L | FVUB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.39 | +0.55 |
| Martin ratioReturn relative to average drawdown | 8.45 | 7.19 | +1.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DLTM.L | FVUB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.49 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.22 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.02 | +0.03 |
Drawdowns
DLTM.L vs. FVUB.L - Drawdown Comparison
The maximum DLTM.L drawdown since its inception was -64.38%, which is greater than FVUB.L's maximum drawdown of -60.84%. Use the drawdown chart below to compare losses from any high point for DLTM.L and FVUB.L.
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Drawdown Indicators
| DLTM.L | FVUB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.38% | -60.84% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -14.74% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -27.83% | -28.75% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -32.05% | +3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -54.87% | — | — |
Current DrawdownCurrent decline from peak | -12.31% | -14.74% | +2.43% |
Average DrawdownAverage peak-to-trough decline | -29.86% | -26.92% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 4.90% | -0.62% |
Volatility
DLTM.L vs. FVUB.L - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF (DLTM.L) is 6.11%, while Franklin FTSE Brazil UCITS ETF (FVUB.L) has a volatility of 7.53%. This indicates that DLTM.L experiences smaller price fluctuations and is considered to be less risky than FVUB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLTM.L | FVUB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 7.53% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.14% | 19.77% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 23.62% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 26.98% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.57% | 32.83% | -6.26% |
DLTM.L vs. FVUB.L - Expense Ratio Comparison
DLTM.L has a 0.74% expense ratio, which is higher than FVUB.L's 0.19% expense ratio.
Dividends
DLTM.L vs. FVUB.L - Dividend Comparison
DLTM.L's dividend yield for the trailing twelve months is around 3.50%, while FVUB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLTM.L iShares MSCI EM Latin America UCITS ETF | 3.50% | 3.54% | 5.77% | 4.23% | 6.82% | 3.20% | 1.66% | 2.31% | 2.17% | 1.47% | 1.44% | 2.98% |
FVUB.L Franklin FTSE Brazil UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DLTM.L and FVUB.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVUB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVUB.L is cheaper with a 0.19% expense ratio, compared with 0.74% for DLTM.L.
DLTM.L tracks MSCI EM Latin America NR USD, while FVUB.L tracks MSCI Brazil NR USD. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.74% for DLTM.L and 0.19% for FVUB.L.
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