DLTM.L vs. XMLA.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI EM Latin America UCITS ETF (DLTM.L) and Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (XMLA.L).

DLTM.L and XMLA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XMLA.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI EM Latin America NR USD. It was launched on Jun 22, 2007. Both DLTM.L and XMLA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DLTM.L vs. XMLA.L - 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 Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (XMLA.L). The values are adjusted to include any dividend payments, if applicable.

DLTM.L vs. XMLA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLTM.L iShares MSCI EM Latin America UCITS ETF	13.31%	54.43%	-26.89%	33.42%	7.99%	-9.75%	-11.20%	12.80%	-5.26%	21.02%
XMLA.L Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C	11.53%	58.38%	-29.33%	25.59%	3.20%	-18.67%	-13.94%	16.58%	-6.75%	21.75%

Different Trading Currencies

DLTM.L is traded in USD, while XMLA.L is traded in GBp. To make them comparable, the XMLA.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 13.31% return, which is significantly higher than XMLA.L's 11.66% return. Over the past 10 years, DLTM.L has outperformed XMLA.L with an annualized return of 7.71%, while XMLA.L has yielded a comparatively lower 5.18% annualized return.

DLTM.L

• 1D: 1.09%
• 1M: -5.70%
• YTD: 13.31%
• 6M: 22.83%
• 1Y: 55.54%
• 3Y*: 17.65%
• 5Y*: 12.58%
• 10Y*: 7.71%

XMLA.L

• 1D: 1.63%
• 1M: -6.22%
• YTD: 11.66%
• 6M: 19.26%
• 1Y: 54.18%
• 3Y*: 14.84%
• 5Y*: 7.51%
• 10Y*: 5.18%

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

DLTM.L vs. XMLA.L - Expense Ratio Comparison

DLTM.L has a 0.74% expense ratio, which is higher than XMLA.L's 0.65% expense ratio.

DLTM.L

iShares MSCI EM Latin America UCITS ETF

XMLA.L

Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C

Return for Risk

DLTM.L vs. XMLA.L — 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: 95
DLTM.L Omega Ratio Rank: 94
DLTM.L Calmar Ratio Rank: 96
DLTM.L Martin Ratio Rank: 94

XMLA.L

XMLA.L Risk / Return Rank: 96
XMLA.L Sharpe Ratio Rank: 96
XMLA.L Sortino Ratio Rank: 96
XMLA.L Omega Ratio Rank: 95
XMLA.L Calmar Ratio Rank: 97
XMLA.L Martin Ratio Rank: 95

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. XMLA.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 Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (XMLA.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	XMLA.L	Difference
Sharpe ratio Return per unit of total volatility	2.54	2.53	0.00
Sortino ratio Return per unit of downside risk	3.15	3.21	-0.06
Omega ratio Gain probability vs. loss probability	1.44	1.44	-0.01
Calmar ratio Return relative to maximum drawdown	4.32	4.82	-0.50
Martin ratio Return relative to average drawdown	14.64	13.99	+0.64
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. XMLA.L - Sharpe Ratio Comparison

The current DLTM.L Sharpe Ratio is 2.54, which is comparable to the XMLA.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of DLTM.L and XMLA.L, 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	XMLA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.53	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.33	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.20	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.01	+0.05

Correlation

The correlation between DLTM.L and XMLA.L is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DLTM.L vs. XMLA.L - Dividend Comparison

DLTM.L's dividend yield for the trailing twelve months is around 3.12%, while XMLA.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLTM.L iShares MSCI EM Latin America UCITS ETF	3.12%	3.54%	5.77%	4.23%	6.82%	3.20%	1.66%	2.31%	2.17%	1.47%	1.44%	2.98%
XMLA.L Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DLTM.L vs. XMLA.L - Drawdown Comparison

The maximum DLTM.L drawdown since its inception was -64.38%, roughly equal to the maximum XMLA.L drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for DLTM.L and XMLA.L.

Drawdown Indicators

	DLTM.L	XMLA.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.38%	-59.62%	-4.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-9.37%	-2.92%
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	-30.25%	+1.23%
Max Drawdown (10Y) Largest decline over 10 years	-54.87%	-49.07%	-5.80%
Current Drawdown Current decline from peak	-6.88%	-4.89%	-1.99%
Average Drawdown Average peak-to-trough decline	-30.07%	-25.36%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	3.07%	+0.55%

Volatility

DLTM.L vs. XMLA.L - Volatility Comparison

iShares MSCI EM Latin America UCITS ETF (DLTM.L) and Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (XMLA.L) have volatilities of 9.81% and 9.52%, 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.

Volatility by Period

	DLTM.L	XMLA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.81%	9.52%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	15.97%	15.12%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	21.80%	21.29%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.67%	22.83%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.64%	26.41%	+0.23%