PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
LTAM.L vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LTAM.L vs. IVV

Last updated Jun 4, 2026

LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, LTAM.L returned 8.60%/yr vs 16.44%/yr for IVV. At a 0.33 correlation, their price movements are largely independent. LTAM.L charges 0.20%/yr vs 0.03%/yr for IVV.

Performance

LTAM.L vs. IVV - 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 iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

LTAM.L is traded in GBp, while IVV is traded in USD. To make them comparable, the IVV 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 IVV slightly lower at 11.26%. Over the past 10 years, LTAM.L has underperformed IVV with an annualized return of 8.60%, while IVV has yielded a comparatively higher 16.44% 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%

IVV

1D
-0.50%
1M
5.82%
YTD
11.26%
6M
10.28%
1Y
28.90%
3Y*
19.40%
5Y*
15.11%
10Y*
16.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LTAM.L vs. IVV - 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%
IVV
iShares Core S&P 500 ETF		11.26%9.45%27.12%19.99%-8.43%29.98%14.92%26.08%1.17%11.23%

Correlation

The correlation between LTAM.L and IVV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.26

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

0.23

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

0.32

Correlation (All Time)
Calculated using the full available price history since Oct 16, 2007

0.33

The correlation between LTAM.L and IVV shifts across timeframes, from 0.23 (5 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.

LTAM.L vs. IVV - Sectors Allocation Comparison

Sectors
LTAM.L
IVV

Financial Services

29.9%
11.8%

Basic Materials

21.5%
1.8%

Industrials

10.9%
8.3%

Energy

10.6%
3.5%

Consumer Defensive

10.5%
4.9%

Utilities

7.8%
2.4%

Communication Services

3.9%
11.2%

Consumer Cyclical

1.6%
10.1%

Real Estate

1.6%
1.9%

Healthcare

1.2%
8.5%

Technology

0.7%
35.6%

Financial Services

LTAM.L
29.9%
IVV
11.8%

Basic Materials

LTAM.L
21.5%
IVV
1.8%

Industrials

LTAM.L
10.9%
IVV
8.3%

Energy

LTAM.L
10.6%
IVV
3.5%

Consumer Defensive

LTAM.L
10.5%
IVV
4.9%

Utilities

LTAM.L
7.8%
IVV
2.4%

Communication Services

LTAM.L
3.9%
IVV
11.2%

Consumer Cyclical

LTAM.L
1.6%
IVV
10.1%

Real Estate

LTAM.L
1.6%
IVV
1.9%

Healthcare

LTAM.L
1.2%
IVV
8.5%

Technology

LTAM.L
0.7%
IVV
35.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI EM Latin America UCITS ETF USD (Dist)

iShares Core S&P 500 ETF

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. ALAU.L
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

LTAM.L vs. IVV — 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
IVV
IVV Risk / Return Rank: 7070
Overall Rank
IVV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 7070
Sortino Ratio Rank
IVV Omega Ratio Rank: 7070
Omega Ratio Rank
IVV Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVV Martin Ratio Rank: 7575
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. IVV - 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 Core S&P 500 ETF (IVV). 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.LIVVDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.53

-0.34

Sortino ratioReturn per unit of downside risk
2.90
3.29

-0.39

Omega ratioGain probability vs. loss probability

1.37

1.48

-0.10

Calmar ratioReturn relative to maximum drawdown

3.57

3.79

-0.21

Martin ratioReturn relative to average drawdown

10.68

14.53

-3.84

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. IVV - Sharpe Ratio Comparison

The current LTAM.L Sharpe Ratio is 2.19, which is comparable to the IVV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of LTAM.L and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

LTAM.LIVVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

2.53

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.96

-0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.91

-0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.70

-0.56

Drawdowns

LTAM.L vs. IVV - Drawdown Comparison

The maximum LTAM.L drawdown since its inception was -58.47%, which is greater than IVV's maximum drawdown of -34.69%. Use the drawdown chart below to compare losses from any high point for LTAM.L and IVV.

Loading charts...

Drawdown Indicators

LTAM.LIVVDifference

Max Drawdown

Largest peak-to-trough decline

-58.47%

-34.69%

-23.78%

Max Drawdown (1Y)

Largest decline over 1 year

-10.85%

-7.67%

-3.18%

Max Drawdown (3Y)

Largest decline over 3 years

-26.09%

-21.93%

-4.16%

Max Drawdown (5Y)

Largest decline over 5 years

-26.09%

-21.93%

-4.16%

Max Drawdown (10Y)

Largest decline over 10 years

-48.10%

-25.98%

-22.12%

Current Drawdown

Current decline from peak

-10.85%

-0.50%

-10.35%

Average Drawdown

Average peak-to-trough decline

-20.19%

-4.78%

-15.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.64%

1.99%

+1.65%

Volatility

LTAM.L vs. IVV - Volatility Comparison

iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) has a higher volatility of 5.31% compared to iShares Core S&P 500 ETF (IVV) at 2.72%. This indicates that LTAM.L's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

LTAM.LIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.31%

2.72%

+2.59%

Volatility (6M)

Calculated over the trailing 6-month period

14.94%

8.16%

+6.78%

Volatility (1Y)

Calculated over the trailing 1-year period

17.68%

11.47%

+6.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.43%

15.83%

+4.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.91%

18.13%

+6.78%

LTAM.L vs. IVV - Expense Ratio Comparison

LTAM.L has a 0.20% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison

LTAM.L's dividend yield for the trailing twelve months is around 3.51%, more than IVV's 1.06% yield.

PositionTTM20252024202320222021202020192018201720162015
IVV
iShares Core S&P 500 ETF		1.06%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%
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 IVV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IVV is cheaper with a 0.03% expense ratio, compared with 0.20% for LTAM.L.

LTAM.L is categorized as Latin America Equities, while IVV is S&P 500. LTAM.L tracks MSCI EM Latin America NR USD, while IVV tracks S&P 500 Index. Their fees differ too: 0.20% for LTAM.L and 0.03% for IVV.

Portfolio Optimizer

Find the right allocation for LTAM.L and IVV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer