LTAM.AS vs. NDIA
LTAM.AS (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and NDIA (Global X Funds - Global X India Active ETF) are both exchange-traded funds - LTAM.AS is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while NDIA is a Asia Pacific Equities fund actively managed by Global X. LTAM.AS is passively managed, while NDIA is actively managed. Over the past year, LTAM.AS returned 33.48% vs -12.51% for NDIA. At a 0.24 correlation, their price movements are largely independent. LTAM.AS charges 0.20%/yr vs 0.76%/yr for NDIA.
Performance
LTAM.AS vs. NDIA - Performance Comparison
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Different Trading Currencies
LTAM.AS is traded in EUR, while NDIA is traded in USD. To make them comparable, the NDIA 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 higher than NDIA's -10.90% 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%
NDIA
- 1D
- 0.85%
- 1M
- -2.51%
- YTD
- -10.90%
- 6M
- -10.96%
- 1Y
- -12.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTAM.AS vs. NDIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LTAM.AS iShares MSCI EM Latin America UCITS ETF USD (Dist) | 11.12% | 36.08% | -22.43% | 13.55% |
NDIA Global X Funds - Global X India Active ETF | -10.90% | -7.43% | 12.73% | 11.04% |
Correlation
The correlation between LTAM.AS and NDIA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023 | 0.24 |
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Return for Risk
LTAM.AS vs. NDIA — Risk / Return Rank
LTAM.AS
NDIA
LTAM.AS vs. NDIA - 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 Global X Funds - Global X India Active ETF (NDIA). 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 | NDIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.87 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.73 | +3.73 |
| Martin ratioReturn relative to average drawdown | 9.22 | -1.61 | +10.83 |
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 | NDIA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.80 | +2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.07 | 0.00 |
Drawdowns
LTAM.AS vs. NDIA - Drawdown Comparison
The maximum LTAM.AS drawdown since its inception was -60.23%, which is greater than NDIA's maximum drawdown of -24.43%. Use the drawdown chart below to compare losses from any high point for LTAM.AS and NDIA.
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Drawdown Indicators
| LTAM.AS | NDIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -24.43% | -35.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -17.18% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.89% | — | — |
Current DrawdownCurrent decline from peak | -11.01% | -21.85% | +10.84% |
Average DrawdownAverage peak-to-trough decline | -26.14% | -8.01% | -18.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 7.80% | -4.20% |
Volatility
LTAM.AS vs. NDIA - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) is 5.16%, while Global X Funds - Global X India Active ETF (NDIA) has a volatility of 5.81%. This indicates that LTAM.AS experiences smaller price fluctuations and is considered to be less risky than NDIA 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 | NDIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 5.81% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 13.09% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 15.61% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 16.13% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.09% | 16.13% | +8.96% |
LTAM.AS vs. NDIA - Expense Ratio Comparison
LTAM.AS has a 0.20% expense ratio, which is lower than NDIA's 0.76% expense ratio.
Dividends
LTAM.AS vs. NDIA - Dividend Comparison
LTAM.AS's dividend yield for the trailing twelve months is around 3.02%, more than NDIA's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NDIA Global X Funds - Global X India Active ETF | 1.25% | 1.10% | 3.66% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LTAM.AS and NDIA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LTAM.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LTAM.AS is cheaper with a 0.20% expense ratio, compared with 0.76% for NDIA.
LTAM.AS is categorized as Latin America Equities, while NDIA is Asia Pacific Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for LTAM.AS and 0.76% for NDIA.
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