DLTM.L vs. S7XP.L
DLTM.L (iShares MSCI EM Latin America UCITS ETF) and S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) are both exchange-traded funds - DLTM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while S7XP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, DLTM.L returned 7.49%/yr vs 14.66%/yr for S7XP.L. At a 0.45 correlation, their price movements are largely independent. DLTM.L charges 0.74%/yr vs 0.30%/yr for S7XP.L.
Performance
DLTM.L vs. S7XP.L - Performance Comparison
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Different Trading Currencies
DLTM.L is traded in USD, while S7XP.L is traded in GBp. To make them comparable, the S7XP.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 higher than S7XP.L's 4.03% return. Over the past 10 years, DLTM.L has underperformed S7XP.L with an annualized return of 7.49%, while S7XP.L has yielded a comparatively higher 14.66% annualized 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%
S7XP.L
- 1D
- 0.82%
- 1M
- 5.54%
- YTD
- 4.03%
- 6M
- 11.58%
- 1Y
- 40.60%
- 3Y*
- 48.05%
- 5Y*
- 26.81%
- 10Y*
- 14.66%
DLTM.L vs. S7XP.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% |
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF | 4.03% | 109.46% | 23.30% | 32.88% | -4.70% | 28.85% | -16.19% | 15.09% | -34.83% | 30.34% |
Correlation
The correlation between DLTM.L and S7XP.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2014 | 0.45 |
The correlation between DLTM.L and S7XP.L has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
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Return for Risk
DLTM.L vs. S7XP.L — Risk / Return Rank
DLTM.L
S7XP.L
DLTM.L vs. S7XP.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 Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.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 | S7XP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.10 | +0.83 |
| Martin ratioReturn relative to average drawdown | 8.45 | 6.56 | +1.89 |
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 | S7XP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.61 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.94 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.48 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.28 | -0.23 |
Drawdowns
DLTM.L vs. S7XP.L - Drawdown Comparison
The maximum DLTM.L drawdown since its inception was -64.38%, roughly equal to the maximum S7XP.L drawdown of -67.65%. Use the drawdown chart below to compare losses from any high point for DLTM.L and S7XP.L.
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Drawdown Indicators
| DLTM.L | S7XP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.38% | -67.65% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -19.25% | +6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -27.83% | -20.05% | -7.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -43.31% | +14.29% |
Max Drawdown (10Y)Largest decline over 10 years | -54.87% | -67.65% | +12.78% |
Current DrawdownCurrent decline from peak | -12.31% | -3.80% | -8.51% |
Average DrawdownAverage peak-to-trough decline | -29.86% | -24.11% | -5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 6.17% | -1.89% |
Volatility
DLTM.L vs. S7XP.L - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF (DLTM.L) is 6.11%, while Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a volatility of 7.07%. This indicates that DLTM.L experiences smaller price fluctuations and is considered to be less risky than S7XP.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 | S7XP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 7.07% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 17.14% | 20.12% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 25.04% | -4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 28.51% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.57% | 30.44% | -3.87% |
DLTM.L vs. S7XP.L - Expense Ratio Comparison
DLTM.L has a 0.74% expense ratio, which is higher than S7XP.L's 0.30% expense ratio.
Dividends
DLTM.L vs. S7XP.L - Dividend Comparison
DLTM.L's dividend yield for the trailing twelve months is around 3.50%, while S7XP.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% |
S7XP.L Invesco EURO STOXX Optimised Banks 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 S7XP.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S7XP.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XP.L is cheaper with a 0.30% expense ratio, compared with 0.74% for DLTM.L.
DLTM.L is categorized as Latin America Equities, while S7XP.L is Financials Equities. DLTM.L tracks MSCI EM Latin America NR USD, while S7XP.L tracks MSCI World/Financials NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.74% for DLTM.L and 0.30% for S7XP.L.
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