LTAM.L vs. CTY.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 CTY.L (The City of London Investment Trust plc) is a stock. Over the past 10 years, LTAM.L returned 8.60%/yr vs 8.87%/yr for CTY.L. At a 0.48 correlation, their price movements are largely independent.
Performance
LTAM.L vs. CTY.L - Performance Comparison
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Returns By Period
In the year-to-date period, LTAM.L achieves a 11.27% return, which is significantly higher than CTY.L's 7.61% return. Both investments have delivered pretty close results over the past 10 years, with LTAM.L having a 8.60% annualized return and CTY.L not far ahead at 8.87%.
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%
CTY.L
- 1D
- -0.54%
- 1M
- 1.09%
- YTD
- 7.61%
- 6M
- 8.43%
- 1Y
- 21.06%
- 3Y*
- 16.16%
- 5Y*
- 12.33%
- 10Y*
- 8.87%
LTAM.L vs. CTY.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% |
CTY.L The City of London Investment Trust plc | 7.61% | 28.16% | 10.63% | 4.83% | 9.40% | 11.77% | -11.79% | 20.53% | -8.47% | 12.55% |
Correlation
The correlation between LTAM.L and CTY.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.48 |
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Return for Risk
LTAM.L vs. CTY.L — Risk / Return Rank
LTAM.L
CTY.L
LTAM.L vs. CTY.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 The City of London Investment Trust plc (CTY.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 | CTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.15 | +1.42 |
| Martin ratioReturn relative to average drawdown | 10.68 | 7.34 | +3.34 |
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 | CTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.63 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.91 | -0.42 |
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 | 0.49 | -0.35 |
Drawdowns
LTAM.L vs. CTY.L - Drawdown Comparison
The maximum LTAM.L drawdown since its inception was -58.47%, smaller than the maximum CTY.L drawdown of -67.65%. Use the drawdown chart below to compare losses from any high point for LTAM.L and CTY.L.
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Drawdown Indicators
| LTAM.L | CTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -67.65% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -9.76% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -10.05% | -16.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -11.40% | -14.69% |
Max Drawdown (10Y)Largest decline over 10 years | -48.10% | -37.12% | -10.98% |
Current DrawdownCurrent decline from peak | -10.85% | -3.67% | -7.18% |
Average DrawdownAverage peak-to-trough decline | -20.19% | -9.42% | -10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.86% | +0.78% |
Volatility
LTAM.L vs. CTY.L - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) has a higher volatility of 5.31% compared to The City of London Investment Trust plc (CTY.L) at 3.30%. This indicates that LTAM.L's price experiences larger fluctuations and is considered to be riskier than CTY.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 | CTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 3.30% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 10.86% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 12.87% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 13.59% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.91% | 15.71% | +9.20% |
Dividends
LTAM.L vs. CTY.L - Dividend Comparison
LTAM.L's dividend yield for the trailing twelve months is around 3.51%, less than CTY.L's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTY.L The City of London Investment Trust plc | 3.92% | 4.06% | 4.83% | 4.92% | 4.82% | 4.86% | 5.13% | 4.24% | 4.66% | 3.86% | 3.95% | 3.99% |
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 CTY.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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