NDIA vs. LTAM.AS
NDIA (Global X Funds - Global X India Active ETF) and LTAM.AS (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both exchange-traded funds - NDIA is a Asia Pacific Equities fund actively managed by Global X, while LTAM.AS is a Latin America Equities fund tracking the MSCI EM Latin America NR USD. NDIA is actively managed, while LTAM.AS is passively managed. Over the past year, NDIA returned -9.32% vs 37.15% for LTAM.AS. At a 0.30 correlation, their price movements are largely independent. NDIA charges 0.76%/yr vs 0.20%/yr for LTAM.AS.
Performance
NDIA vs. LTAM.AS - Performance Comparison
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Different Trading Currencies
NDIA is traded in USD, while LTAM.AS is traded in EUR. To make them comparable, the LTAM.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NDIA achieves a -9.90% return, which is significantly lower than LTAM.AS's 11.50% return.
NDIA
- 1D
- -1.85%
- 1M
- 0.89%
- YTD
- -9.90%
- 6M
- -10.07%
- 1Y
- -9.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTAM.AS
- 1D
- 0.00%
- 1M
- -1.21%
- YTD
- 11.50%
- 6M
- 11.71%
- 1Y
- 37.15%
- 3Y*
- 11.70%
- 5Y*
- 8.71%
- 10Y*
- 7.70%
NDIA vs. LTAM.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -9.90% | 5.04% | 5.75% | 12.76% |
LTAM.AS iShares MSCI EM Latin America UCITS ETF USD (Dist) | 11.50% | 55.09% | -27.00% | 15.26% |
Correlation
The correlation between NDIA and LTAM.AS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023 | 0.30 |
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Return for Risk
NDIA vs. LTAM.AS — Risk / Return Rank
NDIA
LTAM.AS
NDIA vs. LTAM.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) and iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS). 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.
| NDIA | LTAM.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.31 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.43 | -2.94 |
| Martin ratioReturn relative to average drawdown | -1.20 | 7.28 | -8.48 |
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Drawdowns
NDIA vs. LTAM.AS - Drawdown Comparison
The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum LTAM.AS drawdown of -79.84%. Use the drawdown chart below to compare losses from any high point for NDIA and LTAM.AS.
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Drawdown Indicators
| NDIA | LTAM.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -79.84% | +57.79% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -15.25% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.07% | — |
Current DrawdownCurrent decline from peak | -16.45% | -40.12% | +23.67% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -57.12% | +49.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 5.09% | +2.70% |
Volatility
NDIA vs. LTAM.AS - Volatility Comparison
The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 4.43%, while iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) has a volatility of 6.54%. This indicates that NDIA experiences smaller price fluctuations and is considered to be less risky than LTAM.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIA | LTAM.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 6.54% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 16.60% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 20.04% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 22.37% | -6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 26.01% | -10.38% |
NDIA vs. LTAM.AS - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is higher than LTAM.AS's 0.20% expense ratio.
Dividends
NDIA vs. LTAM.AS - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 1.22%, less than LTAM.AS's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTAM.AS iShares MSCI EM Latin America UCITS ETF USD (Dist) | 3.41% | 3.66% | 5.59% | 4.33% | 7.05% | 3.10% | 1.83% | 2.34% | 2.14% | 1.57% | 1.37% | 2.96% |
NDIA Global X Funds - Global X India Active ETF | 1.22% | 1.10% | 3.66% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NDIA and LTAM.AS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LTAM.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LTAM.AS is cheaper with a 0.20% expense ratio, compared with 0.76% for NDIA.
NDIA is categorized as Asia Pacific Equities, while LTAM.AS is Latin America Equities. They also come from different issuers: Global X and iShares. Their fees differ too: 0.76% for NDIA and 0.20% for LTAM.AS.
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