FAX vs. ILF

Last updated Apr 1, 2026

Compare and contrast key facts about abrdn Asia-Pacific Income Fund Inc (FAX) and iShares Latin American 40 ETF (ILF).

FAX is managed by Aberdeen. It was launched on Jan 2, 1990. ILF is a passively managed fund by iShares that tracks the performance of the S&P Latin America 40 Index. It was launched on Oct 25, 2001.

Performance

FAX vs. ILF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Asia-Pacific Income Fund Inc (FAX) and iShares Latin American 40 ETF (ILF). The values are adjusted to include any dividend payments, if applicable.

FAX vs. ILF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAX abrdn Asia-Pacific Income Fund Inc	-2.95%	18.23%	2.31%	16.53%	-22.83%	-7.20%	14.08%	19.48%	-12.72%	14.65%
ILF iShares Latin American 40 ETF	16.65%	52.65%	-23.11%	33.14%	9.81%	-13.59%	-11.71%	13.77%	-6.85%	26.33%

Returns By Period

In the year-to-date period, FAX achieves a -2.95% return, which is significantly lower than ILF's 16.65% return. Over the past 10 years, FAX has underperformed ILF with an annualized return of 2.82%, while ILF has yielded a comparatively higher 8.47% annualized return.

FAX

• 1D: 1.34%
• 1M: -9.09%
• YTD: -2.95%
• 6M: -5.62%
• 1Y: 4.25%
• 3Y*: 9.50%
• 5Y*: 0.61%
• 10Y*: 2.82%

ILF

• 1D: 4.41%
• 1M: -2.63%
• YTD: 16.65%
• 6M: 25.92%
• 1Y: 58.11%
• 3Y*: 20.46%
• 5Y*: 13.16%
• 10Y*: 8.47%

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

FAX vs. ILF - Expense Ratio Comparison

FAX has a 3.33% expense ratio, which is higher than ILF's 0.48% expense ratio.

FAX

abrdn Asia-Pacific Income Fund Inc

ILF

iShares Latin American 40 ETF

Return for Risk

FAX vs. ILF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAX

FAX Risk / Return Rank: 12
FAX Sharpe Ratio Rank: 13
FAX Sortino Ratio Rank: 11
FAX Omega Ratio Rank: 11
FAX Calmar Ratio Rank: 14
FAX Martin Ratio Rank: 12

ILF

ILF Risk / Return Rank: 95
ILF Sharpe Ratio Rank: 96
ILF Sortino Ratio Rank: 95
ILF Omega Ratio Rank: 94
ILF Calmar Ratio Rank: 96
ILF 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.

FAX vs. ILF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Asia-Pacific Income Fund Inc (FAX) and iShares Latin American 40 ETF (ILF). 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.

	FAX	ILF	Difference
Sharpe ratio Return per unit of total volatility	0.31	2.48	-2.17
Sortino ratio Return per unit of downside risk	0.48	3.06	-2.58
Omega ratio Gain probability vs. loss probability	1.07	1.43	-0.36
Calmar ratio Return relative to maximum drawdown	0.40	4.47	-4.07
Martin ratio Return relative to average drawdown	1.04	15.54	-14.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAX vs. ILF - Sharpe Ratio Comparison

The current FAX Sharpe Ratio is 0.31, which is lower than the ILF Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FAX and ILF, 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

	FAX	ILF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	2.48	-2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.57	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.30	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.31	-0.15

Correlation

The correlation between FAX and ILF is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FAX vs. ILF - Dividend Comparison

FAX's dividend yield for the trailing twelve months is around 13.73%, more than ILF's 3.76% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAX abrdn Asia-Pacific Income Fund Inc	13.73%	12.91%	13.45%	12.18%	12.55%	8.64%	7.42%	8.29%	10.85%	8.61%	9.07%	9.19%
ILF iShares Latin American 40 ETF	3.76%	4.39%	7.44%	4.61%	12.72%	8.47%	1.88%	3.09%	3.12%	1.80%	1.59%	3.25%

Drawdowns

FAX vs. ILF - Drawdown Comparison

The maximum FAX drawdown since its inception was -63.96%, smaller than the maximum ILF drawdown of -67.48%. Use the drawdown chart below to compare losses from any high point for FAX and ILF.

Drawdown Indicators

	FAX	ILF	Difference
Max Drawdown Largest peak-to-trough decline	-63.96%	-67.48%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-12.67%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	-40.49%	-29.71%	-10.78%
Max Drawdown (10Y) Largest decline over 10 years	-40.57%	-57.79%	+17.22%
Current Drawdown Current decline from peak	-9.95%	-4.82%	-5.13%
Average Drawdown Average peak-to-trough decline	-17.90%	-24.07%	+6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	3.65%	+0.64%

Volatility

FAX vs. ILF - Volatility Comparison

The current volatility for abrdn Asia-Pacific Income Fund Inc (FAX) is 5.89%, while iShares Latin American 40 ETF (ILF) has a volatility of 11.60%. This indicates that FAX experiences smaller price fluctuations and is considered to be less risky than ILF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAX	ILF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	11.60%	-5.71%
Volatility (6M) Calculated over the trailing 6-month period	9.06%	17.90%	-8.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	23.59%	-9.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	23.24%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.45%	28.59%	-12.14%