DLTM.L vs. LTAM.L
DLTM.L (iShares MSCI EM Latin America UCITS ETF) and LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both Latin America Equities funds from iShares tracking the MSCI EM Latin America NR USD. Both are passively managed. Over the past 10 years, DLTM.L returned 7.49%/yr vs 7.51%/yr for LTAM.L. Their correlation of 0.85 suggests significant overlap in exposure. DLTM.L charges 0.74%/yr vs 0.20%/yr for LTAM.L.
Performance
DLTM.L vs. LTAM.L - Performance Comparison
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Different Trading Currencies
DLTM.L is traded in USD, while LTAM.L is traded in GBp. To make them comparable, the LTAM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with DLTM.L having a 9.93% return and LTAM.L slightly higher at 10.24%. Both investments have delivered pretty close results over the past 10 years, with DLTM.L having a 7.49% annualized return and LTAM.L not far ahead at 7.51%.
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%
LTAM.L
- 1D
- -0.64%
- 1M
- -7.60%
- YTD
- 10.24%
- 6M
- 8.24%
- 1Y
- 36.20%
- 3Y*
- 13.45%
- 5Y*
- 8.58%
- 10Y*
- 7.51%
DLTM.L vs. LTAM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLTM.L iShares MSCI EM Latin America UCITS ETF | 9.93% | 54.43% | -26.89% | 33.42% | 7.99% | -9.75% | -11.20% | 12.80% | -5.26% | 21.02% |
LTAM.L iShares MSCI EM Latin America UCITS ETF USD (Dist) | 10.24% | 53.94% | -26.89% | 32.80% | 7.97% | -9.37% | -11.52% | 13.83% | -5.83% | 21.75% |
Correlation
The correlation between DLTM.L and LTAM.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | 0.85 |
The correlation between DLTM.L and LTAM.L shifts across timeframes, from 0.85 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DLTM.L vs. LTAM.L — Risk / Return Rank
DLTM.L
LTAM.L
DLTM.L vs. LTAM.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 EM Latin America UCITS ETF USD (Dist) (LTAM.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 | LTAM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.91 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.45 | 8.34 | +0.11 |
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 | LTAM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.84 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.39 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.29 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.04 | +0.01 |
Drawdowns
DLTM.L vs. LTAM.L - Drawdown Comparison
The maximum DLTM.L drawdown since its inception was -64.38%, roughly equal to the maximum LTAM.L drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for DLTM.L and LTAM.L.
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Drawdown Indicators
| DLTM.L | LTAM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.38% | -66.21% | +1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -12.40% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.83% | -27.62% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -28.82% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -54.87% | -54.91% | +0.04% |
Current DrawdownCurrent decline from peak | -12.31% | -12.40% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -29.86% | -29.14% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 4.33% | -0.05% |
Volatility
DLTM.L vs. LTAM.L - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF (DLTM.L) and iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) have volatilities of 6.11% and 6.35%, 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 | LTAM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 6.35% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 17.14% | 16.65% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 19.60% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 22.27% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.57% | 26.18% | +0.39% |
DLTM.L vs. LTAM.L - Expense Ratio Comparison
DLTM.L has a 0.74% expense ratio, which is higher than LTAM.L's 0.20% expense ratio.
Dividends
DLTM.L vs. LTAM.L - Dividend Comparison
DLTM.L's dividend yield for the trailing twelve months is around 3.50%, less than LTAM.L's 3.54% yield.
| 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% |
LTAM.L iShares MSCI EM Latin America UCITS ETF USD (Dist) | 3.54% | 3.61% | 5.69% | 4.33% | 6.86% | 3.17% | 1.82% | 2.38% | 2.11% | 1.52% | 1.32% | 2.89% |
Frequently Asked Questions
With a correlation of 0.96, DLTM.L and LTAM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LTAM.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LTAM.L is cheaper with a 0.20% expense ratio, compared with 0.74% for DLTM.L.
Both ETFs track MSCI EM Latin America NR USD. Their fees differ too: 0.74% for DLTM.L and 0.20% for LTAM.L.
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