LTAM.AS vs. CSPX.AS
LTAM.AS (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - LTAM.AS is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, LTAM.AS returned 7.16%/yr vs 15.02%/yr for CSPX.AS. At a 0.47 correlation, their price movements are largely independent. LTAM.AS charges 0.20%/yr vs 0.07%/yr for CSPX.AS.
Performance
LTAM.AS vs. CSPX.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LTAM.AS having a 11.79% return and CSPX.AS slightly lower at 11.63%. Over the past 10 years, LTAM.AS has underperformed CSPX.AS with an annualized return of 7.16%, while CSPX.AS has yielded a comparatively higher 15.02% annualized return.
LTAM.AS
- 1D
- -2.15%
- 1M
- -5.48%
- YTD
- 11.79%
- 6M
- 10.17%
- 1Y
- 34.82%
- 3Y*
- 10.51%
- 5Y*
- 9.37%
- 10Y*
- 7.16%
CSPX.AS
- 1D
- -0.30%
- 1M
- 6.08%
- YTD
- 11.63%
- 6M
- 11.61%
- 1Y
- 25.69%
- 3Y*
- 19.12%
- 5Y*
- 14.80%
- 10Y*
- 15.02%
LTAM.AS vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTAM.AS iShares MSCI EM Latin America UCITS ETF USD (Dist) | 11.79% | 36.08% | -22.43% | 28.47% | 14.01% | -3.03% | -18.51% | 14.74% | -1.57% | 7.45% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.63% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
Correlation
The correlation between LTAM.AS and CSPX.AS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 6, 2014 | 0.47 |
The correlation between LTAM.AS and CSPX.AS shifts across timeframes, from 0.35 (3 years) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LTAM.AS vs. CSPX.AS — Risk / Return Rank
LTAM.AS
CSPX.AS
LTAM.AS vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.
| LTAM.AS | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.57 | -0.29 |
| Martin ratioReturn relative to average drawdown | 9.77 | 12.76 | -2.99 |
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
| LTAM.AS | CSPX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.25 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.96 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.92 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.93 | -0.86 |
Drawdowns
LTAM.AS vs. CSPX.AS - Drawdown Comparison
The maximum LTAM.AS drawdown since its inception was -60.23%, which is greater than CSPX.AS's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for LTAM.AS and CSPX.AS.
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Drawdown Indicators
| LTAM.AS | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -33.65% | -26.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -7.11% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -23.37% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -23.37% | -2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -49.89% | -33.65% | -16.24% |
Current DrawdownCurrent decline from peak | -10.47% | -0.30% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -26.14% | -4.29% | -21.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.00% | +1.54% |
Volatility
LTAM.AS vs. CSPX.AS - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) has a higher volatility of 5.21% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 2.64%. This indicates that LTAM.AS's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTAM.AS | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 2.64% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 7.37% | +7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 11.36% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 15.13% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.09% | 16.05% | +9.04% |
LTAM.AS vs. CSPX.AS - Expense Ratio Comparison
LTAM.AS has a 0.20% expense ratio, which is higher than CSPX.AS's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LTAM.AS vs. CSPX.AS - Dividend Comparison
LTAM.AS's dividend yield for the trailing twelve months is around 3.00%, while CSPX.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSPX.AS iShares Core S&P 500 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.AS iShares MSCI EM Latin America UCITS ETF USD (Dist) | 3.00% | 3.21% | 5.22% | 3.99% | 6.79% | 2.66% | 1.65% | 2.11% | 1.84% | 1.41% | 1.23% | 2.69% |
Frequently Asked Questions
LTAM.AS and CSPX.AS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for LTAM.AS.
LTAM.AS is categorized as Latin America Equities, while CSPX.AS is S&P 500. LTAM.AS tracks MSCI EM Latin America NR USD, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.20% for LTAM.AS and 0.07% for CSPX.AS.
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