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LTAM.AS vs. MRK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LTAM.AS vs. MRK

Last updated Jun 5, 2026

LTAM.AS (iShares MSCI EM Latin America UCITS ETF USD (Dist)) is Latin America Equities fund tracking the MSCI EM Latin America NR USD, while MRK (Merck & Co., Inc.) is a stock. Over the past 10 years, LTAM.AS returned 6.95%/yr vs 11.36%/yr for MRK. At a 0.14 correlation, their price movements are largely independent.

Performance

LTAM.AS vs. MRK - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) and Merck & Co., Inc. (MRK). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LTAM.AS is traded in EUR, while MRK is traded in USD. To make them comparable, the MRK values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LTAM.AS achieves a 11.12% return, which is significantly lower than MRK's 16.41% return. Over the past 10 years, LTAM.AS has underperformed MRK with an annualized return of 6.95%, while MRK has yielded a comparatively higher 11.36% annualized return.

LTAM.AS

1D
-0.60%
1M
-7.19%
YTD
11.12%
6M
8.42%
1Y
33.48%
3Y*
9.99%
5Y*
9.23%
10Y*
6.95%

MRK

1D
4.70%
1M
6.99%
YTD
16.41%
6M
21.43%
1Y
56.56%
3Y*
2.44%
5Y*
14.75%
10Y*
11.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LTAM.AS vs. MRK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LTAM.AS
iShares MSCI EM Latin America UCITS ETF USD (Dist)		11.12%36.08%-22.43%28.47%14.01%-3.03%-18.51%14.74%-1.57%7.45%
MRK
Merck & Co., Inc.		16.41%-3.24%-0.07%-2.02%58.68%9.37%-14.85%25.03%46.52%-13.59%

Correlation

The correlation between LTAM.AS and MRK is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.04

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

-0.02

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

-0.01

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2008

0.14

The correlation between LTAM.AS and MRK shifts across timeframes, from -0.02 (3 years) to 0.14 (all time), reflecting how their relationship changes across market environments.

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iShares MSCI EM Latin America UCITS ETF USD (Dist)

Merck & Co., Inc.

Often compared with LTAM.AS:
LTAM.AS vs. LTAM.LLTAM.AS vs. SWRD.ASLTAM.AS vs. EWZLTAM.AS vs. SPYLTAM.AS vs. GOAI.DELTAM.AS vs. 5MVL.DELTAM.AS vs. PRAM.DE
Often compared with MRK:
MRK vs. PFEMRK vs. NVOMRK vs. BMYMRK vs. ABBVMRK vs. AMGNMRK vs. VOOMRK vs. REGN

Return for Risk

LTAM.AS vs. MRK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LTAM.AS
LTAM.AS Risk / Return Rank: 5656
Overall Rank
LTAM.AS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
LTAM.AS Sortino Ratio Rank: 5555
Sortino Ratio Rank
LTAM.AS Omega Ratio Rank: 5252
Omega Ratio Rank
LTAM.AS Calmar Ratio Rank: 6161
Calmar Ratio Rank
LTAM.AS Martin Ratio Rank: 5555
Martin Ratio Rank
MRK
MRK Risk / Return Rank: 9090
Overall Rank
MRK Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
MRK Sortino Ratio Rank: 8989
Sortino Ratio Rank
MRK Omega Ratio Rank: 8686
Omega Ratio Rank
MRK Calmar Ratio Rank: 9292
Calmar Ratio Rank
MRK Martin Ratio Rank: 9191
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.

LTAM.AS vs. MRK - 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 Merck & Co., Inc. (MRK). 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.ASMRKDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.09

-0.22

Sortino ratioReturn per unit of downside risk
2.60
3.03

-0.43

Omega ratioGain probability vs. loss probability

1.32

1.36

-0.04

Calmar ratioReturn relative to maximum drawdown

3.00

4.78

-1.78

Martin ratioReturn relative to average drawdown

9.22

12.67

-3.46

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

LTAM.AS vs. MRK - Sharpe Ratio Comparison

The current LTAM.AS Sharpe Ratio is 1.87, which is comparable to the MRK Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of LTAM.AS and MRK, 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

LTAM.ASMRKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.09

-0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.60

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

0.48

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.07

0.38

-0.31

Drawdowns

LTAM.AS vs. MRK - Drawdown Comparison

The maximum LTAM.AS drawdown since its inception was -60.23%, which is greater than MRK's maximum drawdown of -57.34%. Use the drawdown chart below to compare losses from any high point for LTAM.AS and MRK.

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Drawdown Indicators

LTAM.ASMRKDifference

Max Drawdown

Largest peak-to-trough decline

-60.23%

-57.34%

-2.89%

Max Drawdown (1Y)

Largest decline over 1 year

-11.01%

-11.88%

+0.87%

Max Drawdown (3Y)

Largest decline over 3 years

-25.56%

-45.77%

+20.21%

Max Drawdown (5Y)

Largest decline over 5 years

-25.56%

-45.77%

+20.21%

Max Drawdown (10Y)

Largest decline over 10 years

-49.89%

-45.77%

-4.12%

Current Drawdown

Current decline from peak

-11.01%

-11.48%

+0.47%

Average Drawdown

Average peak-to-trough decline

-26.14%

-15.44%

-10.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.60%

4.48%

-0.88%

Volatility

LTAM.AS vs. MRK - Volatility Comparison

The current volatility for iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) is 5.16%, while Merck & Co., Inc. (MRK) has a volatility of 9.59%. This indicates that LTAM.AS experiences smaller price fluctuations and is considered to be less risky than MRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LTAM.ASMRKDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.16%

9.59%

-4.43%

Volatility (6M)

Calculated over the trailing 6-month period

14.94%

18.57%

-3.63%

Volatility (1Y)

Calculated over the trailing 1-year period

17.63%

27.19%

-9.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.78%

24.63%

-3.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

23.95%

+1.14%

Dividends

LTAM.AS vs. MRK - Dividend Comparison

LTAM.AS's dividend yield for the trailing twelve months is around 3.02%, more than MRK's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
LTAM.AS
iShares MSCI EM Latin America UCITS ETF USD (Dist)		3.02%3.21%5.22%3.99%6.79%2.66%1.65%2.11%1.84%1.41%1.23%2.69%
MRK
Merck & Co., Inc.		2.76%3.12%3.14%2.72%2.52%3.41%3.03%2.48%2.60%3.36%3.14%3.43%

Frequently Asked Questions

LTAM.AS and MRK have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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