LTAM.L vs. PHSP.L
LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while PHSP.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, LTAM.L returned 8.60%/yr vs 16.53%/yr for PHSP.L. At a 0.22 correlation, their price movements are largely independent. LTAM.L charges 0.20%/yr vs 0.49%/yr for PHSP.L.
Performance
LTAM.L vs. PHSP.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 PHSP.L's 2.49% return. Over the past 10 years, LTAM.L has underperformed PHSP.L with an annualized return of 8.60%, while PHSP.L has yielded a comparatively higher 16.53% 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%
PHSP.L
- 1D
- -3.07%
- 1M
- -1.75%
- YTD
- 2.49%
- 6M
- 23.74%
- 1Y
- 113.09%
- 3Y*
- 41.45%
- 5Y*
- 22.12%
- 10Y*
- 16.53%
LTAM.L vs. PHSP.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% |
PHSP.L WisdomTree Physical Silver | 2.49% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 40.85% | 12.57% | -3.55% | -5.67% |
Correlation
The correlation between LTAM.L and PHSP.L 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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2007 | 0.22 |
The correlation between LTAM.L and PHSP.L shifts across timeframes, from 0.22 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LTAM.L vs. PHSP.L — Risk / Return Rank
LTAM.L
PHSP.L
LTAM.L vs. PHSP.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 WisdomTree Physical Silver (PHSP.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 | PHSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.90 | +0.67 |
| Martin ratioReturn relative to average drawdown | 10.68 | 6.40 | +4.28 |
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 | PHSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.08 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.67 | -0.19 |
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 | 0.37 | -0.24 |
Drawdowns
LTAM.L vs. PHSP.L - Drawdown Comparison
The maximum LTAM.L drawdown since its inception was -58.47%, smaller than the maximum PHSP.L drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for LTAM.L and PHSP.L.
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Drawdown Indicators
| LTAM.L | PHSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -70.01% | +11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -38.75% | +27.90% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -38.75% | +12.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -38.75% | +12.66% |
Max Drawdown (10Y)Largest decline over 10 years | -48.10% | -38.75% | -9.35% |
Current DrawdownCurrent decline from peak | -10.85% | -34.02% | +23.17% |
Average DrawdownAverage peak-to-trough decline | -20.19% | -40.07% | +19.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 17.60% | -13.96% |
Volatility
LTAM.L vs. PHSP.L - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) is 5.31%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 16.44%. This indicates that LTAM.L experiences smaller price fluctuations and is considered to be less risky than PHSP.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 | PHSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 16.44% | -11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 51.39% | -36.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 54.02% | -36.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 32.99% | -12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.91% | 29.25% | -4.34% |
LTAM.L vs. PHSP.L - Expense Ratio Comparison
LTAM.L has a 0.20% expense ratio, which is lower than PHSP.L's 0.49% expense ratio.
Dividends
LTAM.L vs. PHSP.L - Dividend Comparison
LTAM.L's dividend yield for the trailing twelve months is around 3.51%, while PHSP.L has not paid dividends to shareholders.
| 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% |
PHSP.L WisdomTree Physical Silver | 0.00% | 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 PHSP.L 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.
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 0.49% for PHSP.L.
LTAM.L is categorized as Latin America Equities, while PHSP.L is Silver. LTAM.L tracks MSCI EM Latin America NR USD, while PHSP.L tracks LBMA Silver Price. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for LTAM.L and 0.49% for PHSP.L.
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