LTAM.L vs. PACW.L
LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both exchange-traded funds - LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while PACW.L is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, LTAM.L returned 38.95% vs 30.63% for PACW.L. A 0.51 correlation means they provide meaningful diversification when combined. LTAM.L charges 0.20%/yr vs 0.07%/yr for PACW.L.
Performance
LTAM.L vs. PACW.L - Performance Comparison
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Different Trading Currencies
LTAM.L is traded in GBp, while PACW.L is traded in GBP. To make them comparable, the PACW.L 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 11.27% return, which is significantly lower than PACW.L's 11.96% 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%
PACW.L
- 1D
- -0.43%
- 1M
- 5.84%
- YTD
- 11.96%
- 6M
- 12.58%
- 1Y
- 30.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTAM.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LTAM.L iShares MSCI EM Latin America UCITS ETF USD (Dist) | 11.27% | 24.78% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.96% | 9.58% |
Correlation
The correlation between LTAM.L and PACW.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.51 |
The correlation between LTAM.L and PACW.L has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
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Return for Risk
LTAM.L vs. PACW.L — Risk / Return Rank
LTAM.L
PACW.L
LTAM.L vs. PACW.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 Amundi Prime All Country World UCITS ETF Income (PACW.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 | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.56 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.32 | -0.75 |
| Martin ratioReturn relative to average drawdown | 10.68 | 17.62 | -6.94 |
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 | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.93 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 1.24 | -1.11 |
Drawdowns
LTAM.L vs. PACW.L - Drawdown Comparison
The maximum LTAM.L drawdown since its inception was -58.47%, which is greater than PACW.L's maximum drawdown of -17.68%. Use the drawdown chart below to compare losses from any high point for LTAM.L and PACW.L.
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Drawdown Indicators
| LTAM.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -17.68% | -40.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -7.06% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.10% | — | — |
Current DrawdownCurrent decline from peak | -10.85% | -0.43% | -10.42% |
Average DrawdownAverage peak-to-trough decline | -20.19% | -3.03% | -17.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 1.73% | +1.91% |
Volatility
LTAM.L vs. PACW.L - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) has a higher volatility of 5.31% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 2.93%. This indicates that LTAM.L's price experiences larger fluctuations and is considered to be riskier than PACW.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 | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 2.93% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 7.75% | +7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 10.45% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 13.93% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.91% | 13.93% | +10.98% |
LTAM.L vs. PACW.L - Expense Ratio Comparison
LTAM.L has a 0.20% expense ratio, which is higher than PACW.L's 0.07% 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. PACW.L - Dividend Comparison
LTAM.L's dividend yield for the trailing twelve months is around 3.51%, more than PACW.L's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LTAM.L and PACW.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.20% for LTAM.L.
LTAM.L is categorized as Latin America Equities, while PACW.L is Global Equities. LTAM.L tracks MSCI EM Latin America NR USD, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for LTAM.L and 0.07% for PACW.L.
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