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

FVUB.L vs. LTAM.L

Last updated Jun 5, 2026

FVUB.L (Franklin FTSE Brazil UCITS ETF) and LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both Latin America Equities funds - FVUB.L tracks the MSCI Brazil NR USD while LTAM.L tracks the MSCI EM Latin America NR USD. Both are passively managed. Over the past 5 years, FVUB.L returned 7.06%/yr vs 9.73%/yr for LTAM.L. Their correlation of 0.93 suggests significant overlap in exposure. FVUB.L charges 0.19%/yr vs 0.20%/yr for LTAM.L.

Performance

FVUB.L vs. LTAM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin FTSE Brazil UCITS ETF (FVUB.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

FVUB.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, FVUB.L achieves a 14.58% return, which is significantly higher than LTAM.L's 10.51% return.

FVUB.L

1D
-0.62%
1M
-9.72%
YTD
14.58%
6M
9.14%
1Y
36.63%
3Y*
10.68%
5Y*
7.06%
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)

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

2026 (YTD)2025202420232022202120202019
FVUB.L
Franklin FTSE Brazil UCITS ETF		14.58%35.51%-26.77%26.33%23.83%-15.44%-22.19%-14.94%
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%3.33%

Correlation

The correlation between FVUB.L and LTAM.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.90

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

0.90

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

0.93

Correlation (All Time)
Calculated using the full available price history since Jun 5, 2019

0.93

The correlation between FVUB.L and LTAM.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

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

Sectors
FVUB.L
LTAM.L

Financial Services

25.4%
29.9%

Energy

20.6%
10.6%

Basic Materials

15.1%
21.5%

Utilities

14.8%
7.8%

Industrials

11.4%
10.9%

Consumer Defensive

4.0%
10.5%

Healthcare

2.9%
1.2%

Consumer Cyclical

2.5%
1.6%

Communication Services

2.0%
3.9%

Real Estate

0.8%
1.6%

Technology

0.7%
0.7%

Financial Services

FVUB.L
25.4%
LTAM.L
29.9%

Energy

FVUB.L
20.6%
LTAM.L
10.6%

Basic Materials

FVUB.L
15.1%
LTAM.L
21.5%

Utilities

FVUB.L
14.8%
LTAM.L
7.8%

Industrials

FVUB.L
11.4%
LTAM.L
10.9%

Consumer Defensive

FVUB.L
4.0%
LTAM.L
10.5%

Healthcare

FVUB.L
2.9%
LTAM.L
1.2%

Consumer Cyclical

FVUB.L
2.5%
LTAM.L
1.6%

Communication Services

FVUB.L
2.0%
LTAM.L
3.9%

Real Estate

FVUB.L
0.8%
LTAM.L
1.6%

Technology

FVUB.L
0.7%
LTAM.L
0.7%

Compare stocks, funds, or ETFs

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Franklin FTSE Brazil UCITS ETF

iShares MSCI EM Latin America UCITS ETF USD (Dist)

Often compared with FVUB.L:
FVUB.L vs. ALAU.LFVUB.L vs. ALAG.LFVUB.L vs. XMLA.LFVUB.L vs. FRQX.LFVUB.L vs. XMBR.LFVUB.L vs. FRIN.LFVUB.L vs. FLXE.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FVUB.L
FVUB.L Risk / Return Rank: 4949
Overall Rank
FVUB.L Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
FVUB.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
FVUB.L Omega Ratio Rank: 4646
Omega Ratio Rank
FVUB.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
FVUB.L Martin Ratio Rank: 5050
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.

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

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FVUB.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.

FVUB.LLTAM.LDifference
Sharpe ratioReturn per unit of total volatility
1.67
2.11

-0.44

Sortino ratioReturn per unit of downside risk
2.26
2.81

-0.55

Omega ratioGain probability vs. loss probability

1.29

1.36

-0.07

Calmar ratioReturn relative to maximum drawdown

2.64

3.26

-0.62

Martin ratioReturn relative to average drawdown

8.35

10.09

-1.74

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

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

The current FVUB.L Sharpe Ratio is 1.67, which is comparable to the LTAM.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FVUB.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

FVUB.LLTAM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.67

2.11

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.48

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.33

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.00

0.13

-0.13

Drawdowns

FVUB.L vs. LTAM.L - Drawdown Comparison

The maximum FVUB.L drawdown since its inception was -58.22%, roughly equal to the maximum LTAM.L drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for FVUB.L and LTAM.L.

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Drawdown Indicators

FVUB.LLTAM.LDifference

Max Drawdown

Largest peak-to-trough decline

-58.22%

-58.47%

+0.25%

Max Drawdown (1Y)

Largest decline over 1 year

-13.83%

-11.46%

-2.37%

Max Drawdown (3Y)

Largest decline over 3 years

-27.50%

-26.09%

-1.41%

Max Drawdown (5Y)

Largest decline over 5 years

-29.42%

-26.09%

-3.33%

Max Drawdown (10Y)

Largest decline over 10 years

—

-48.10%

—

Current Drawdown

Current decline from peak

-13.83%

-11.46%

-2.37%

Average Drawdown

Average peak-to-trough decline

-27.79%

-20.19%

-7.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.38%

3.71%

+0.67%

Volatility

FVUB.L vs. LTAM.L - Volatility Comparison

Franklin FTSE Brazil UCITS ETF (FVUB.L) has a higher volatility of 6.25% compared to iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) at 5.20%. This indicates that FVUB.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

FVUB.LLTAM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.25%

5.20%

+1.05%

Volatility (6M)

Calculated over the trailing 6-month period

18.17%

14.96%

+3.21%

Volatility (1Y)

Calculated over the trailing 1-year period

21.79%

17.70%

+4.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.57%

20.43%

+5.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.39%

24.90%

+6.49%

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

FVUB.L has a 0.19% expense ratio, which is lower than LTAM.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FVUB.L vs. LTAM.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
FVUB.L
Franklin FTSE Brazil 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

FVUB.L and LTAM.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FVUB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FVUB.L is cheaper with a 0.19% expense ratio, compared with 0.20% for LTAM.L.

FVUB.L tracks MSCI Brazil 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: 0.19% for FVUB.L and 0.20% for LTAM.L.

Portfolio Optimizer

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