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FRQX.L vs. LTAM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FRQX.L vs. LTAM.L

Last updated Jun 5, 2026

FRQX.L (Franklin AC Asia ex Japan UCITS ETF) and LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both exchange-traded funds - FRQX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD. Both are passively managed. Over the past 5 years, FRQX.L returned 14.74%/yr vs 9.73%/yr for LTAM.L. At a 0.48 correlation, their price movements are largely independent. FRQX.L charges 0.40%/yr vs 0.20%/yr for LTAM.L.

Performance

FRQX.L vs. LTAM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin AC Asia ex Japan UCITS ETF (FRQX.L) and iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FRQX.L is traded in GBP, while LTAM.L is traded in GBp. To make them comparable, the LTAM.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FRQX.L achieves a 43.69% return, which is significantly higher than LTAM.L's 10.51% return.

FRQX.L

1D
-2.00%
1M
10.47%
YTD
43.69%
6M
48.15%
1Y
78.41%
3Y*
26.02%
5Y*
14.74%
10Y*
—

LTAM.L

1D
-0.69%
1M
-6.81%
YTD
10.51%
6M
7.45%
1Y
37.51%
3Y*
10.60%
5Y*
9.73%
10Y*
8.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FRQX.L vs. LTAM.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FRQX.L
Franklin AC Asia ex Japan UCITS ETF		43.69%21.13%9.39%5.79%-2.53%5.94%3.15%6.30%-4.69%
LTAM.L
iShares MSCI EM Latin America UCITS ETF USD (Dist)		10.51%43.14%-25.65%26.15%20.89%-8.55%-14.15%9.44%3.93%

Correlation

The correlation between FRQX.L and LTAM.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2018

0.48

FRQX.L vs. LTAM.L - Sectors Allocation Comparison

Sectors
FRQX.L
LTAM.L

Technology

54.7%
0.7%

Financial Services

15.6%
29.9%

Industrials

8.9%
10.9%

Consumer Cyclical

4.6%
1.6%

Basic Materials

3.2%
21.5%

Communication Services

2.4%
3.9%

Energy

2.3%
10.6%

Healthcare

2.2%
1.2%

Consumer Defensive

2.2%
10.5%

Utilities

1.9%
7.8%

Real Estate

1.9%
1.6%

Technology

FRQX.L
54.7%
LTAM.L
0.7%

Financial Services

FRQX.L
15.6%
LTAM.L
29.9%

Industrials

FRQX.L
8.9%
LTAM.L
10.9%

Consumer Cyclical

FRQX.L
4.6%
LTAM.L
1.6%

Basic Materials

FRQX.L
3.2%
LTAM.L
21.5%

Communication Services

FRQX.L
2.4%
LTAM.L
3.9%

Energy

FRQX.L
2.3%
LTAM.L
10.6%

Healthcare

FRQX.L
2.2%
LTAM.L
1.2%

Consumer Defensive

FRQX.L
2.2%
LTAM.L
10.5%

Utilities

FRQX.L
1.9%
LTAM.L
7.8%

Real Estate

FRQX.L
1.9%
LTAM.L
1.6%

Compare stocks, funds, or ETFs

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Franklin AC Asia ex Japan UCITS ETF

iShares MSCI EM Latin America UCITS ETF USD (Dist)

Often compared with FRQX.L:
FRQX.L vs. FRIN.LFRQX.L vs. ESIN.LFRQX.L vs. PICKFRQX.L vs. FRUC.LFRQX.L vs. PAXG.LFRQX.L vs. FVUB.LFRQX.L vs. FLRK.L
Often compared with LTAM.L:
LTAM.L vs. ALAG.LLTAM.L vs. LTAM.ASLTAM.L vs. EWZLTAM.L vs. VUAG.LLTAM.L vs. VFEG.LLTAM.L vs. EMIM.LLTAM.L vs. ALAU.L

Return for Risk

FRQX.L vs. LTAM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FRQX.L
FRQX.L Risk / Return Rank: 9494
Overall Rank
FRQX.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
FRQX.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
FRQX.L Omega Ratio Rank: 9595
Omega Ratio Rank
FRQX.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
FRQX.L Martin Ratio Rank: 9393
Martin Ratio Rank
LTAM.L
LTAM.L Risk / Return Rank: 6262
Overall Rank
LTAM.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
LTAM.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
LTAM.L Omega Ratio Rank: 6060
Omega Ratio Rank
LTAM.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
LTAM.L Martin Ratio Rank: 5858
Martin Ratio Rank
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.

FRQX.L vs. LTAM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin AC Asia ex Japan UCITS ETF (FRQX.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.

FRQX.LLTAM.LDifference
Sharpe ratioReturn per unit of total volatility
4.05
2.11

+1.94

Sortino ratioReturn per unit of downside risk
5.31
2.81

+2.50

Omega ratioGain probability vs. loss probability

1.71

1.36

+0.35

Calmar ratioReturn relative to maximum drawdown

5.97

3.26

+2.71

Martin ratioReturn relative to average drawdown

23.58

10.09

+13.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRQX.L vs. LTAM.L - Sharpe Ratio Comparison

The current FRQX.L Sharpe Ratio is 4.05, which is higher than the LTAM.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FRQX.L and LTAM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FRQX.LLTAM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.05

2.11

+1.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.00

0.48

+0.52

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.33

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.13

+0.52

Drawdowns

FRQX.L vs. LTAM.L - Drawdown Comparison

The maximum FRQX.L drawdown since its inception was -20.77%, smaller than the maximum LTAM.L drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for FRQX.L and LTAM.L.

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Drawdown Indicators

FRQX.LLTAM.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.77%

-58.47%

+37.70%

Max Drawdown (1Y)

Largest decline over 1 year

-13.07%

-11.46%

-1.61%

Max Drawdown (3Y)

Largest decline over 3 years

-19.42%

-26.09%

+6.67%

Max Drawdown (5Y)

Largest decline over 5 years

-19.42%

-26.09%

+6.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-48.10%

—

Current Drawdown

Current decline from peak

-2.56%

-11.46%

+8.90%

Average Drawdown

Average peak-to-trough decline

-3.94%

-20.19%

+16.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.31%

3.71%

-0.40%

Volatility

FRQX.L vs. LTAM.L - Volatility Comparison

Franklin AC Asia ex Japan UCITS ETF (FRQX.L) has a higher volatility of 7.40% compared to iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) at 5.20%. This indicates that FRQX.L's price experiences larger fluctuations and is considered to be riskier than LTAM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FRQX.LLTAM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.40%

5.20%

+2.20%

Volatility (6M)

Calculated over the trailing 6-month period

16.78%

14.96%

+1.82%

Volatility (1Y)

Calculated over the trailing 1-year period

19.27%

17.70%

+1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.77%

20.43%

-5.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.44%

24.90%

-8.46%

FRQX.L vs. LTAM.L - Expense Ratio Comparison

FRQX.L has a 0.40% expense ratio, which is higher than LTAM.L's 0.20% expense ratio.

Dividends

FRQX.L vs. LTAM.L - Dividend Comparison

FRQX.L has not paid dividends to shareholders, while LTAM.L's dividend yield for the trailing twelve months is around 3.54%.

PositionTTM20252024202320222021202020192018201720162015
FRQX.L
Franklin AC Asia ex Japan 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%
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

FRQX.L and LTAM.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.40% for FRQX.L.

FRQX.L is categorized as Asia Pacific Equities, while LTAM.L is Latin America Equities. FRQX.L tracks MSCI AC Asia Ex Japan NR USD, while LTAM.L tracks MSCI EM Latin America NR USD. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.40% for FRQX.L and 0.20% for LTAM.L.

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