LTAM.L vs. PONCX
LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) and PONCX (PIMCO Income Fund Class C) are both funds - LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while PONCX is a Multisector Bonds fund actively managed by PIMCO. LTAM.L is passively managed, while PONCX is actively managed. Over the past 10 years, LTAM.L returned 8.60%/yr vs 4.23%/yr for PONCX. At a 0.11 correlation, their price movements are largely independent. LTAM.L charges 0.20%/yr vs 1.69%/yr for PONCX.
Performance
LTAM.L vs. PONCX - Performance Comparison
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Different Trading Currencies
LTAM.L is traded in GBp, while PONCX is traded in USD. To make them comparable, the PONCX 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 higher than PONCX's 0.62% return. Over the past 10 years, LTAM.L has outperformed PONCX with an annualized return of 8.60%, while PONCX has yielded a comparatively lower 4.23% 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%
PONCX
- 1D
- 0.12%
- 1M
- 1.36%
- YTD
- 0.62%
- 6M
- 0.03%
- 1Y
- 7.61%
- 3Y*
- 3.60%
- 5Y*
- 3.18%
- 10Y*
- 4.23%
LTAM.L vs. PONCX - 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% |
PONCX PIMCO Income Fund Class C | 0.62% | 1.98% | 5.63% | 2.23% | 0.86% | 2.40% | 1.55% | 2.78% | 5.34% | -1.89% |
Correlation
The correlation between LTAM.L and PONCX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.11 |
The correlation between LTAM.L and PONCX shifts across timeframes, from 0.05 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
LTAM.L vs. PONCX — Risk / Return Rank
LTAM.L
PONCX
LTAM.L vs. PONCX - 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 PIMCO Income Fund Class C (PONCX). 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 | PONCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.62 | +1.96 |
| Martin ratioReturn relative to average drawdown | 10.68 | 4.15 | +6.54 |
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 | PONCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.28 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.42 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.48 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.82 | -0.68 |
Drawdowns
LTAM.L vs. PONCX - Drawdown Comparison
The maximum LTAM.L drawdown since its inception was -58.47%, which is greater than PONCX's maximum drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for LTAM.L and PONCX.
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Drawdown Indicators
| LTAM.L | PONCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -14.66% | -43.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -4.87% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -8.49% | -17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -12.80% | -13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -48.10% | -12.80% | -35.30% |
Current DrawdownCurrent decline from peak | -10.85% | -1.89% | -8.96% |
Average DrawdownAverage peak-to-trough decline | -20.19% | -4.03% | -16.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 1.89% | +1.75% |
Volatility
LTAM.L vs. PONCX - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) has a higher volatility of 5.31% compared to PIMCO Income Fund Class C (PONCX) at 1.57%. This indicates that LTAM.L's price experiences larger fluctuations and is considered to be riskier than PONCX 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 | PONCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 1.57% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 4.78% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 6.21% | +11.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 7.62% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.91% | 8.85% | +16.06% |
LTAM.L vs. PONCX - Expense Ratio Comparison
LTAM.L has a 0.20% expense ratio, which is lower than PONCX's 1.69% expense ratio.
Dividends
LTAM.L vs. PONCX - Dividend Comparison
LTAM.L's dividend yield for the trailing twelve months is around 3.51%, less than PONCX's 4.68% 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% |
PONCX PIMCO Income Fund Class C | 4.68% | 4.88% | 4.70% | 4.66% | 4.06% | 2.86% | 3.77% | 4.67% | 4.46% | 4.24% | 4.41% | 6.63% |
Frequently Asked Questions
LTAM.L and PONCX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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