IUSC.DE vs. LBRA.DE
IUSC.DE (iShares MSCI EM Latin America UCITS ETF (Dist)) and LBRA.DE (Amundi MSCI Brazil UCITS ETF Acc) are both Latin America Equities funds - IUSC.DE tracks the MSCI Emerging Markets Latin America 10/40 while LBRA.DE tracks the MSCI Brazil. Both are passively managed. Over the past 10 years, IUSC.DE returned 6.94%/yr vs 7.63%/yr for LBRA.DE. Their correlation of 0.90 suggests significant overlap in exposure. IUSC.DE charges 0.20%/yr vs 0.65%/yr for LBRA.DE.
Performance
IUSC.DE vs. LBRA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IUSC.DE having a 10.69% return and LBRA.DE slightly lower at 10.59%. Over the past 10 years, IUSC.DE has underperformed LBRA.DE with an annualized return of 6.94%, while LBRA.DE has yielded a comparatively higher 7.63% annualized return.
IUSC.DE
- 1D
- -0.68%
- 1M
- -7.19%
- YTD
- 10.69%
- 6M
- 8.24%
- 1Y
- 33.46%
- 3Y*
- 10.03%
- 5Y*
- 9.18%
- 10Y*
- 6.94%
LBRA.DE
- 1D
- -0.48%
- 1M
- -12.38%
- YTD
- 10.59%
- 6M
- 3.97%
- 1Y
- 31.14%
- 3Y*
- 8.24%
- 5Y*
- 5.61%
- 10Y*
- 7.63%
IUSC.DE vs. LBRA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 10.69% | 36.88% | -22.89% | 28.61% | 15.20% | -3.88% | -19.69% | 18.47% | -2.77% | 6.14% |
LBRA.DE Amundi MSCI Brazil UCITS ETF Acc | 10.59% | 32.01% | -26.48% | 29.27% | 22.98% | -14.68% | -26.84% | 30.74% | 0.23% | 8.95% |
Correlation
The correlation between IUSC.DE and LBRA.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.90 |
The correlation between IUSC.DE and LBRA.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
IUSC.DE vs. LBRA.DE — Risk / Return Rank
IUSC.DE
LBRA.DE
IUSC.DE vs. LBRA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) and Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE). 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.
| IUSC.DE | LBRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 1.98 | +1.01 |
| Martin ratioReturn relative to average drawdown | 9.20 | 6.54 | +2.66 |
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
| IUSC.DE | LBRA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.42 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.21 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.24 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.06 | +0.02 |
Drawdowns
IUSC.DE vs. LBRA.DE - Drawdown Comparison
The maximum IUSC.DE drawdown since its inception was -58.97%, smaller than the maximum LBRA.DE drawdown of -76.26%. Use the drawdown chart below to compare losses from any high point for IUSC.DE and LBRA.DE.
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Drawdown Indicators
| IUSC.DE | LBRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.97% | -76.26% | +17.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -15.63% | +4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -25.76% | -28.86% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -29.47% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | -49.91% | -55.22% | +5.31% |
Current DrawdownCurrent decline from peak | -11.12% | -24.57% | +13.45% |
Average DrawdownAverage peak-to-trough decline | -25.36% | -38.24% | +12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 4.75% | -1.12% |
Volatility
IUSC.DE vs. LBRA.DE - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) is 5.36%, while Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE) has a volatility of 6.39%. This indicates that IUSC.DE experiences smaller price fluctuations and is considered to be less risky than LBRA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSC.DE | LBRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 6.39% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 18.10% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 21.90% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 26.20% | -5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 31.81% | -6.59% |
IUSC.DE vs. LBRA.DE - Expense Ratio Comparison
IUSC.DE has a 0.20% expense ratio, which is lower than LBRA.DE's 0.65% expense ratio.
Dividends
IUSC.DE vs. LBRA.DE - Dividend Comparison
IUSC.DE's dividend yield for the trailing twelve months is around 3.02%, while LBRA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 3.02% | 3.20% | 5.24% | 3.98% | 6.78% | 2.68% | 1.65% | 2.07% | 1.88% | 1.41% | 1.22% | 2.65% |
LBRA.DE Amundi MSCI Brazil UCITS ETF Acc | 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
With a correlation of 0.92, IUSC.DE and LBRA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUSC.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSC.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for LBRA.DE.
IUSC.DE tracks MSCI Emerging Markets Latin America 10/40, while LBRA.DE tracks MSCI Brazil. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IUSC.DE and 0.65% for LBRA.DE.
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