LTAM.L vs. DLTM.L
LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and DLTM.L (iShares MSCI EM Latin America UCITS ETF) are both Latin America Equities funds from iShares tracking the MSCI EM Latin America NR USD. Both are passively managed. Over the past 10 years, LTAM.L returned 8.60%/yr vs 8.60%/yr for DLTM.L. Their correlation of 0.84 suggests significant overlap in exposure. LTAM.L charges 0.20%/yr vs 0.74%/yr for DLTM.L.
Performance
LTAM.L vs. DLTM.L - Performance Comparison
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Different Trading Currencies
LTAM.L is traded in GBp, while DLTM.L is traded in USD. To make them comparable, the DLTM.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 DLTM.L slightly lower at 11.13%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: LTAM.L at 8.60% and DLTM.L at 8.60%.
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%
DLTM.L
- 1D
- -2.14%
- 1M
- -5.46%
- YTD
- 11.13%
- 6M
- 9.22%
- 1Y
- 39.14%
- 3Y*
- 11.15%
- 5Y*
- 9.90%
- 10Y*
- 8.60%
LTAM.L vs. DLTM.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% |
DLTM.L iShares MSCI EM Latin America UCITS ETF | 11.13% | 43.43% | -25.62% | 26.75% | 20.83% | -8.90% | -13.81% | 8.51% | 0.36% | 10.55% |
Correlation
The correlation between LTAM.L and DLTM.L is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | 0.84 |
The correlation between LTAM.L and DLTM.L shifts across timeframes, from 0.84 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LTAM.L vs. DLTM.L — Risk / Return Rank
LTAM.L
DLTM.L
LTAM.L vs. DLTM.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 iShares MSCI EM Latin America UCITS ETF (DLTM.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 | DLTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.62 | -0.05 |
| Martin ratioReturn relative to average drawdown | 10.68 | 10.79 | -0.11 |
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 | DLTM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.07 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.46 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.33 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.14 | -0.01 |
Drawdowns
LTAM.L vs. DLTM.L - Drawdown Comparison
The maximum LTAM.L drawdown since its inception was -58.47%, roughly equal to the maximum DLTM.L drawdown of -58.44%. Use the drawdown chart below to compare losses from any high point for LTAM.L and DLTM.L.
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Drawdown Indicators
| LTAM.L | DLTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -58.44% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -10.76% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -26.28% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -26.28% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -48.10% | -47.98% | -0.12% |
Current DrawdownCurrent decline from peak | -10.85% | -10.76% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -20.19% | -20.22% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.62% | +0.02% |
Volatility
LTAM.L vs. DLTM.L - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) and iShares MSCI EM Latin America UCITS ETF (DLTM.L) have volatilities of 5.31% and 5.22%, 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.L | DLTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 5.22% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 15.95% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 18.85% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 21.53% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.91% | 25.84% | -0.93% |
LTAM.L vs. DLTM.L - Expense Ratio Comparison
LTAM.L has a 0.20% expense ratio, which is lower than DLTM.L's 0.74% expense ratio.
Dividends
LTAM.L vs. DLTM.L - Dividend Comparison
LTAM.L's dividend yield for the trailing twelve months is around 3.51%, which matches DLTM.L's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLTM.L iShares MSCI EM Latin America UCITS ETF | 3.48% | 3.54% | 5.77% | 4.23% | 6.82% | 3.20% | 1.66% | 2.31% | 2.17% | 1.47% | 1.44% | 2.98% |
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 DLTM.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, LTAM.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LTAM.L is cheaper with a 0.20% expense ratio, compared with 0.74% for DLTM.L.
Both ETFs track MSCI EM Latin America NR USD. Their fees differ too: 0.20% for LTAM.L and 0.74% for DLTM.L.
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