LTAM.L vs. BA.L
LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) is Latin America Equities fund tracking the MSCI EM Latin America NR USD, while BA.L (BAE Systems plc) is a stock. Over the past 10 years, LTAM.L returned 8.60%/yr vs 18.29%/yr for BA.L. At a 0.26 correlation, their price movements are largely independent.
Performance
LTAM.L vs. BA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LTAM.L having a 11.27% return and BA.L slightly lower at 10.86%. Over the past 10 years, LTAM.L has underperformed BA.L with an annualized return of 8.60%, while BA.L has yielded a comparatively higher 18.29% annualized return.
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%
BA.L
- 1D
- -0.45%
- 1M
- -6.61%
- YTD
- 10.86%
- 6M
- 15.62%
- 1Y
- -2.20%
- 3Y*
- 28.61%
- 5Y*
- 32.09%
- 10Y*
- 18.29%
LTAM.L vs. BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BA.L BAE Systems plc | 10.86% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
Correlation
The correlation between LTAM.L and BA.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.26 |
The correlation between LTAM.L and BA.L shifts across timeframes, from 0.12 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LTAM.L vs. BA.L — Risk / Return Rank
LTAM.L
BA.L
LTAM.L vs. BA.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 BAE Systems plc (BA.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.L | BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | -0.10 | +3.68 |
| Martin ratioReturn relative to average drawdown | 10.68 | -0.22 | +10.90 |
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.L | BA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | -0.07 | +2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 1.24 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.73 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.32 | -0.19 |
Drawdowns
LTAM.L vs. BA.L - Drawdown Comparison
The maximum LTAM.L drawdown since its inception was -58.47%, smaller than the maximum BA.L drawdown of -84.46%. Use the drawdown chart below to compare losses from any high point for LTAM.L and BA.L.
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Drawdown Indicators
| LTAM.L | BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -84.46% | +25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -21.30% | +10.45% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -21.30% | -4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -21.30% | -4.79% |
Max Drawdown (10Y)Largest decline over 10 years | -48.10% | -37.80% | -10.30% |
Current DrawdownCurrent decline from peak | -10.85% | -18.48% | +7.63% |
Average DrawdownAverage peak-to-trough decline | -20.19% | -21.36% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 9.99% | -6.35% |
Volatility
LTAM.L vs. BA.L - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) is 5.31%, while BAE Systems plc (BA.L) has a volatility of 10.09%. This indicates that LTAM.L experiences smaller price fluctuations and is considered to be less risky than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTAM.L | BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 10.09% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 23.80% | -8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 30.10% | -12.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 25.81% | -5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.91% | 25.07% | -0.16% |
Dividends
LTAM.L vs. BA.L - Dividend Comparison
LTAM.L's dividend yield for the trailing twelve months is around 3.51%, more than BA.L's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 0.72% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
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
LTAM.L and BA.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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