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

LTAM.AS vs. SWRD.AS

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) and SPDR MSCI World UCITS ETF (SWRD.AS).

LTAM.AS and SWRD.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LTAM.AS is a passively managed fund by iShares that tracks the performance of the MSCI EM Latin America NR USD. It was launched on Oct 15, 2007. SWRD.AS is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on Feb 28, 2019. Both LTAM.AS and SWRD.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LTAM.AS vs. SWRD.AS - 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 SPDR MSCI World UCITS ETF (SWRD.AS). The values are adjusted to include any dividend payments, if applicable.

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LTAM.AS vs. SWRD.AS - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
LTAM.AS
iShares MSCI EM Latin America UCITS ETF USD (Dist)		18.21%36.08%-22.43%28.47%14.01%-3.03%-18.51%7.23%
SWRD.AS
SPDR MSCI World UCITS ETF		-1.11%7.29%27.33%20.14%-13.35%32.60%6.05%15.56%

Returns By Period

In the year-to-date period, LTAM.AS achieves a 18.21% return, which is significantly higher than SWRD.AS's -1.11% return.

LTAM.AS

1D
2.17%
1M
-0.25%
YTD
18.21%
6M
28.46%
1Y
46.17%
3Y*
15.72%
5Y*
13.07%
10Y*
7.49%

SWRD.AS

1D
2.16%
1M
-3.07%
YTD
-1.11%
6M
2.21%
1Y
12.17%
3Y*
15.23%
5Y*
10.95%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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iShares MSCI EM Latin America UCITS ETF USD (Dist)

SPDR MSCI World UCITS ETF

Often compared with LTAM.AS:
LTAM.AS vs. LTAM.LLTAM.AS vs. SPYLTAM.AS vs. EWZLTAM.AS vs. 5MVL.DELTAM.AS vs. GOAI.DELTAM.AS vs. PRAM.DELTAM.AS vs. SPYL.DE
Often compared with SWRD.AS:
SWRD.AS vs. IWDA.LSWRD.AS vs. IWDA.ASSWRD.AS vs. CSPX.LSWRD.AS vs. IWRD.LSWRD.AS vs. VUAA.DESWRD.AS vs. SWRD.LSWRD.AS vs. JEDG.L

LTAM.AS vs. SWRD.AS - Expense Ratio Comparison

LTAM.AS has a 0.74% expense ratio, which is higher than SWRD.AS's 0.12% expense ratio.

LTAM.AS
iShares MSCI EM Latin America UCITS ETF USD (Dist)
SWRD.AS
SPDR MSCI World UCITS ETF

Return for Risk

LTAM.AS vs. SWRD.AS — 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: 9494
Overall Rank
LTAM.AS Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
LTAM.AS Sortino Ratio Rank: 9393
Sortino Ratio Rank
LTAM.AS Omega Ratio Rank: 9191
Omega Ratio Rank
LTAM.AS Calmar Ratio Rank: 9898
Calmar Ratio Rank
LTAM.AS Martin Ratio Rank: 9797
Martin Ratio Rank
SWRD.AS
SWRD.AS Risk / Return Rank: 6060
Overall Rank
SWRD.AS Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
SWRD.AS Sortino Ratio Rank: 3636
Sortino Ratio Rank
SWRD.AS Omega Ratio Rank: 4040
Omega Ratio Rank
SWRD.AS Calmar Ratio Rank: 9393
Calmar Ratio Rank
SWRD.AS Martin Ratio Rank: 9494
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. SWRD.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 SPDR MSCI World UCITS ETF (SWRD.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.ASSWRD.ASDifference

Sharpe ratio

Return per unit of total volatility

2.31

0.76

+1.56

Sortino ratio

Return per unit of downside risk

2.95

1.10

+1.85

Omega ratio

Gain probability vs. loss probability

1.40

1.17

+0.23

Calmar ratio

Return relative to maximum drawdown

5.88

3.68

+2.20

Martin ratio

Return relative to average drawdown

20.47

14.49

+5.98

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. SWRD.AS - Sharpe Ratio Comparison

The current LTAM.AS Sharpe Ratio is 2.31, which is higher than the SWRD.AS Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of LTAM.AS and SWRD.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

LTAM.ASSWRD.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.31

0.76

+1.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.77

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.76

-0.67

Correlation

The correlation between LTAM.AS and SWRD.AS is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LTAM.AS vs. SWRD.AS - Dividend Comparison

LTAM.AS's dividend yield for the trailing twelve months is around 2.72%, while SWRD.AS has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
LTAM.AS
iShares MSCI EM Latin America UCITS ETF USD (Dist)		2.72%3.21%5.22%3.99%6.79%2.66%1.65%2.11%1.84%1.41%1.23%2.69%
SWRD.AS
SPDR MSCI World 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%

Drawdowns

LTAM.AS vs. SWRD.AS - Drawdown Comparison

The maximum LTAM.AS drawdown since its inception was -60.23%, which is greater than SWRD.AS's maximum drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for LTAM.AS and SWRD.AS.

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Drawdown Indicators

LTAM.ASSWRD.ASDifference

Max Drawdown

Largest peak-to-trough decline

-60.23%

-33.61%

-26.62%

Max Drawdown (1Y)

Largest decline over 1 year

-12.00%

-13.12%

+1.12%

Max Drawdown (5Y)

Largest decline over 5 years

-25.56%

-21.51%

-4.05%

Max Drawdown (10Y)

Largest decline over 10 years

-49.89%

—

—

Current Drawdown

Current decline from peak

-2.30%

-3.97%

+1.67%

Average Drawdown

Average peak-to-trough decline

-26.34%

-4.51%

-21.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.77%

1.65%

+1.12%

Volatility

LTAM.AS vs. SWRD.AS - Volatility Comparison

iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) has a higher volatility of 7.44% compared to SPDR MSCI World UCITS ETF (SWRD.AS) at 4.48%. This indicates that LTAM.AS's price experiences larger fluctuations and is considered to be riskier than SWRD.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.ASSWRD.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.44%

4.48%

+2.96%

Volatility (6M)

Calculated over the trailing 6-month period

14.34%

8.41%

+5.93%

Volatility (1Y)

Calculated over the trailing 1-year period

19.73%

15.93%

+3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.69%

14.07%

+6.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.21%

16.11%

+9.10%