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LTAM.L vs. ALAU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LTAM.L vs. ALAU.L

Last updated Jun 4, 2026

LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and ALAU.L (Amundi MSCI Em Latin America) are both Latin America Equities funds tracking the MSCI EM Latin America NR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 10 years, LTAM.L returned 8.60%/yr vs 8.97%/yr for ALAU.L. At a 0.40 correlation, their price movements are largely independent. LTAM.L charges 0.20%/yr vs 0.10%/yr for ALAU.L.

Performance

LTAM.L vs. ALAU.L - 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.L) and Amundi MSCI Em Latin America (ALAU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LTAM.L is traded in GBp, while ALAU.L is traded in USD. To make them comparable, the ALAU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with LTAM.L having a 11.27% return and ALAU.L slightly lower at 11.14%. Both investments have delivered pretty close results over the past 10 years, with LTAM.L having a 8.60% annualized return and ALAU.L not far ahead at 8.97%.

LTAM.L

1D
-2.23%
1M
-5.39%
YTD
11.27%
6M
9.11%
1Y
38.95%
3Y*
11.19%
5Y*
9.88%
10Y*
8.60%

ALAU.L

1D
-1.91%
1M
-5.45%
YTD
11.14%
6M
9.85%
1Y
40.05%
3Y*
11.53%
5Y*
11.31%
10Y*
8.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LTAM.L vs. ALAU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LTAM.L
iShares MSCI EM Latin America UCITS ETF USD (Dist)		11.27%43.14%-25.65%26.15%20.89%-8.55%-14.15%9.44%-0.18%11.17%
ALAU.L
Amundi MSCI Em Latin America		11.14%43.92%-25.14%23.53%25.23%-8.25%-13.06%7.92%-2.80%14.98%

Correlation

The correlation between LTAM.L and ALAU.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.95

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

0.72

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

0.61

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

0.42

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2015

0.40

Over the past year, LTAM.L and ALAU.L have become more correlated (0.95) than their long-term average of 0.40, meaning their price movements have been converging.

LTAM.L vs. ALAU.L - Sectors Allocation Comparison

Sectors
LTAM.L
ALAU.L

Financial Services

29.9%
30.3%

Basic Materials

21.5%
19.7%

Industrials

10.9%
10.8%

Energy

10.6%
11.7%

Consumer Defensive

10.5%
9.9%

Utilities

7.8%
8.5%

Communication Services

3.9%
4.0%

Consumer Cyclical

1.6%
1.6%

Real Estate

1.6%
1.6%

Healthcare

1.2%
1.4%

Technology

0.7%
0.7%

Financial Services

LTAM.L
29.9%
ALAU.L
30.3%

Basic Materials

LTAM.L
21.5%
ALAU.L
19.7%

Industrials

LTAM.L
10.9%
ALAU.L
10.8%

Energy

LTAM.L
10.6%
ALAU.L
11.7%

Consumer Defensive

LTAM.L
10.5%
ALAU.L
9.9%

Utilities

LTAM.L
7.8%
ALAU.L
8.5%

Communication Services

LTAM.L
3.9%
ALAU.L
4.0%

Consumer Cyclical

LTAM.L
1.6%
ALAU.L
1.6%

Real Estate

LTAM.L
1.6%
ALAU.L
1.6%

Healthcare

LTAM.L
1.2%
ALAU.L
1.4%

Technology

LTAM.L
0.7%
ALAU.L
0.7%

Compare stocks, funds, or ETFs

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iShares MSCI EM Latin America UCITS ETF USD (Dist)

Amundi MSCI Em Latin America

Often compared with LTAM.L:
LTAM.L vs. ALAG.LLTAM.L vs. LTAM.ASLTAM.L vs. EWZLTAM.L vs. VUAG.LLTAM.L vs. VFEG.LLTAM.L vs. EMIM.LLTAM.L vs. HMEF.L
Often compared with ALAU.L:
ALAU.L vs. ALAG.LALAU.L vs. 100D.LALAU.L vs. FVUB.LALAU.L vs. XMLA.LALAU.L vs. XMBR.LALAU.L vs. DLTM.LALAU.L vs. IBZL.L

Return for Risk

LTAM.L vs. ALAU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LTAM.L
LTAM.L Risk / Return Rank: 6464
Overall Rank
LTAM.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
LTAM.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
LTAM.L Omega Ratio Rank: 6161
Omega Ratio Rank
LTAM.L Calmar Ratio Rank: 7171
Calmar Ratio Rank
LTAM.L Martin Ratio Rank: 6060
Martin Ratio Rank
ALAU.L
ALAU.L Risk / Return Rank: 5858
Overall Rank
ALAU.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ALAU.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
ALAU.L Omega Ratio Rank: 5454
Omega Ratio Rank
ALAU.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ALAU.L Martin Ratio Rank: 5454
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.L vs. ALAU.L - 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.L) and Amundi MSCI Em Latin America (ALAU.L). 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.LALAU.LDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.13

+0.06

Sortino ratioReturn per unit of downside risk
2.90
2.82

+0.09

Omega ratioGain probability vs. loss probability

1.37

1.37

0.00

Calmar ratioReturn relative to maximum drawdown

3.57

3.82

-0.25

Martin ratioReturn relative to average drawdown

10.68

11.11

-0.42

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.L vs. ALAU.L - Sharpe Ratio Comparison

The current LTAM.L Sharpe Ratio is 2.19, which is comparable to the ALAU.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of LTAM.L and ALAU.L, 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.LALAU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

2.13

+0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.73

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.56

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.59

-0.45

Drawdowns

LTAM.L vs. ALAU.L - Drawdown Comparison

The maximum LTAM.L drawdown since its inception was -58.47%, which is greater than ALAU.L's maximum drawdown of -48.77%. Use the drawdown chart below to compare losses from any high point for LTAM.L and ALAU.L.

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Drawdown Indicators

LTAM.LALAU.LDifference

Max Drawdown

Largest peak-to-trough decline

-58.47%

-48.77%

-9.70%

Max Drawdown (1Y)

Largest decline over 1 year

-10.85%

-10.43%

-0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-26.09%

-25.61%

-0.48%

Max Drawdown (5Y)

Largest decline over 5 years

-26.09%

-25.61%

-0.48%

Max Drawdown (10Y)

Largest decline over 10 years

-48.10%

-48.77%

+0.67%

Current Drawdown

Current decline from peak

-10.85%

-10.43%

-0.42%

Average Drawdown

Average peak-to-trough decline

-20.19%

-10.81%

-9.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.64%

3.60%

+0.04%

Volatility

LTAM.L vs. ALAU.L - Volatility Comparison

iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) and Amundi MSCI Em Latin America (ALAU.L) have volatilities of 5.31% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LTAM.LALAU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.31%

5.08%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

14.94%

15.97%

-1.03%

Volatility (1Y)

Calculated over the trailing 1-year period

17.68%

18.68%

-1.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.43%

27.85%

-7.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.91%

42.57%

-17.66%

LTAM.L vs. ALAU.L - Expense Ratio Comparison

LTAM.L has a 0.20% expense ratio, which is higher than ALAU.L's 0.10% 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.L vs. ALAU.L - Dividend Comparison

LTAM.L's dividend yield for the trailing twelve months is around 3.51%, while ALAU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ALAU.L
Amundi MSCI Em Latin America		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.L
iShares MSCI EM Latin America UCITS ETF USD (Dist)		3.51%3.61%5.69%4.33%6.86%3.17%1.82%2.38%2.11%1.52%1.32%2.89%

Frequently Asked Questions

With a correlation of 0.95, LTAM.L and ALAU.L 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, ALAU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ALAU.L is cheaper with a 0.10% expense ratio, compared with 0.20% for LTAM.L.

Both ETFs track MSCI EM Latin America NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for LTAM.L and 0.10% for ALAU.L.

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