LTAM.L vs. FLTW

Last updated Jul 16, 2026

LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and FLTW (Franklin FTSE Taiwan ETF) are both exchange-traded funds - LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while FLTW is a Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, LTAM.L returned 10.40%/yr vs 20.50%/yr for FLTW. At a 0.32 correlation, their price movements are largely independent. LTAM.L charges 0.20%/yr vs 0.19%/yr for FLTW.

Performance

LTAM.L vs. FLTW - 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 Franklin FTSE Taiwan ETF (FLTW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, LTAM.L achieves a 13.89% return, which is significantly lower than FLTW's 62.27% return.

LTAM.L

• 1D: -0.83%
• 1M: -0.51%
• 6M: 7.65%
• YTD: 13.89%
• 1Y: 38.81%
• 3Y*: 11.07%
• 5Y*: 10.40%
• 10Y*: 6.57%

FLTW

• 1D: -0.50%
• 1M: -5.75%
• 6M: 53.66%
• YTD: 62.27%
• 1Y: 89.07%
• 3Y*: 37.20%
• 5Y*: 20.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LTAM.L vs. FLTW - 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)	13.89%	43.14%	-25.65%	26.15%	20.89%	-8.55%	-14.15%	9.44%	-0.19%	-1.05%
FLTW Franklin FTSE Taiwan ETF	62.27%	22.59%	18.72%	23.55%	-18.89%	30.68%	25.96%	26.23%	-3.94%	-3.76%

Correlation

The correlation between LTAM.L and FLTW is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.32

LTAM.L vs. FLTW - Sectors Allocation Comparison

Sectors	LTAM.L	FLTW
Financial Services	31.2%	11.2%
Basic Materials	21.9%	2.5%
Industrials	10.8%	3.3%
Energy	10.4%	0.1%
Consumer Defensive	10.1%	0.7%
Utilities	7.4%	-
Communication Services	3.4%	1.4%
Consumer Cyclical	1.7%	1.5%
Real Estate	1.7%	-
Healthcare	1.2%	0.6%
Technology	0.3%	78.7%

Return for Risk

LTAM.L vs. FLTW — 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: 73
LTAM.L Sharpe Ratio Rank: 83
LTAM.L Sortino Ratio Rank: 79
LTAM.L Omega Ratio Rank: 76
LTAM.L Calmar Ratio Rank: 69
LTAM.L Martin Ratio Rank: 56

FLTW

FLTW Risk / Return Rank: 94
FLTW Sharpe Ratio Rank: 95
FLTW Sortino Ratio Rank: 91
FLTW Omega Ratio Rank: 92
FLTW Calmar Ratio Rank: 97
FLTW Martin Ratio Rank: 95

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. FLTW - 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 Franklin FTSE Taiwan ETF (FLTW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LTAM.L	FLTW	Difference
Sharpe ratio: Return per unit of total volatility	2.11	3.17	-1.06
Sortino ratio: Return per unit of downside risk	2.82	3.57	-0.74
Omega ratio: Gain probability vs. loss probability	1.36	1.53	-0.18
Calmar ratio: Return relative to maximum drawdown	2.81	8.02	-5.20
Martin ratio: Return relative to average drawdown	7.80	23.63	-15.83

LTAM.L vs. FLTW - Sharpe Ratio Comparison

The current LTAM.L Sharpe Ratio is 2.11, which is lower than the FLTW Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of LTAM.L and FLTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LTAM.L vs. FLTW - Drawdown Comparison

The maximum LTAM.L drawdown since its inception was -77.98%, which is greater than FLTW's maximum drawdown of -27.33%. Use the drawdown chart below to compare losses from any high point for LTAM.L and FLTW.

Drawdown Indicators

	LTAM.L	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-77.98%	-27.33%	-50.65%
Max Drawdown (1Y) Largest decline over 1 year	-13.73%	-11.17%	-2.56%
Max Drawdown (3Y) Largest decline over 3 years	-26.09%	-26.56%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-26.09%	-27.33%	+1.24%
Max Drawdown (10Y) Largest decline over 10 years	-48.10%	—	—
Current Drawdown Current decline from peak	-17.83%	-11.17%	-6.66%
Average Drawdown Average peak-to-trough decline	-48.01%	-5.96%	-42.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	3.78%	+1.18%

Volatility

LTAM.L vs. FLTW - Volatility Comparison

The current volatility for iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) is 4.77%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 12.87%. This indicates that LTAM.L experiences smaller price fluctuations and is considered to be less risky than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LTAM.L	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	12.87%	-8.10%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	24.92%	-10.03%
Volatility (1Y) Calculated over the trailing 1-year period	18.30%	28.23%	-9.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.50%	21.67%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.82%	21.17%	+3.65%

LTAM.L vs. FLTW - Expense Ratio Comparison

LTAM.L has a 0.20% expense ratio, which is higher than FLTW's 0.19% 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. FLTW - Dividend Comparison

LTAM.L's dividend yield for the trailing twelve months is around 3.44%, more than FLTW's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTW Franklin FTSE Taiwan ETF	1.66%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%	0.00%	0.00%	0.00%
LTAM.L iShares MSCI EM Latin America UCITS ETF USD (Dist)	3.44%	3.61%	5.69%	4.33%	6.86%	3.17%	1.82%	2.38%	2.10%	1.52%	1.32%	2.89%

Frequently Asked Questions

Can I hold both LTAM.L and FLTW in my portfolio?

LTAM.L and FLTW have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LTAM.L or FLTW?

On fees, FLTW is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LTAM.L or FLTW?

FLTW is cheaper with a 0.19% expense ratio, compared with 0.20% for LTAM.L.

What is the main difference between LTAM.L and FLTW?

LTAM.L is categorized as Latin America Equities, while FLTW is Taiwan Equities. LTAM.L tracks MSCI EM Latin America NR USD, while FLTW tracks FTSE Taiwan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for LTAM.L and 0.19% for FLTW.