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SPEQ.L vs. LTAM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPEQ.L vs. LTAM.L

Last updated Jun 5, 2026

SPEQ.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and LTAM.L (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both exchange-traded funds - SPEQ.L is a S&P 500 fund tracking the S&P 500 Equal Weight Net Total Return, while LTAM.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD. Both are passively managed. Over the past 5 years, SPEQ.L returned 8.26%/yr vs 8.58%/yr for LTAM.L. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SPEQ.L vs. LTAM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) and iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPEQ.L is traded in USD, while LTAM.L is traded in GBp. To make them comparable, the LTAM.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPEQ.L achieves a 9.40% return, which is significantly lower than LTAM.L's 10.24% return.

SPEQ.L

1D
0.36%
1M
3.76%
YTD
9.40%
6M
10.68%
1Y
19.84%
3Y*
15.22%
5Y*
8.26%
10Y*
—

LTAM.L

1D
-0.64%
1M
-7.60%
YTD
10.24%
6M
8.24%
1Y
36.20%
3Y*
13.45%
5Y*
8.58%
10Y*
7.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPEQ.L vs. LTAM.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPEQ.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		9.40%11.52%12.23%13.79%-11.53%24.80%
LTAM.L
iShares MSCI EM Latin America UCITS ETF USD (Dist)		10.24%53.94%-26.89%32.80%7.97%-3.91%

Correlation

The correlation between SPEQ.L and LTAM.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.43

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

0.45

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

0.41

Correlation (All Time)
Calculated using the full available price history since Apr 14, 2021

0.40

SPEQ.L vs. LTAM.L - Sectors Allocation Comparison

Sectors
SPEQ.L
LTAM.L

Technology

18.3%
0.7%

Industrials

14.7%
10.9%

Financial Services

14.4%
29.9%

Healthcare

10.9%
1.2%

Consumer Cyclical

10.3%
1.6%

Consumer Defensive

6.5%
10.5%

Real Estate

6.2%
1.6%

Utilities

6.1%
7.8%

Energy

4.6%
10.6%

Basic Materials

4.1%
21.5%

Communication Services

4.0%
3.9%

Technology

SPEQ.L
18.3%
LTAM.L
0.7%

Industrials

SPEQ.L
14.7%
LTAM.L
10.9%

Financial Services

SPEQ.L
14.4%
LTAM.L
29.9%

Healthcare

SPEQ.L
10.9%
LTAM.L
1.2%

Consumer Cyclical

SPEQ.L
10.3%
LTAM.L
1.6%

Consumer Defensive

SPEQ.L
6.5%
LTAM.L
10.5%

Real Estate

SPEQ.L
6.2%
LTAM.L
1.6%

Utilities

SPEQ.L
6.1%
LTAM.L
7.8%

Energy

SPEQ.L
4.6%
LTAM.L
10.6%

Basic Materials

SPEQ.L
4.1%
LTAM.L
21.5%

Communication Services

SPEQ.L
4.0%
LTAM.L
3.9%

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Invesco S&P 500 Equal Weight UCITS ETF Acc

iShares MSCI EM Latin America UCITS ETF USD (Dist)

Often compared with SPEQ.L:
SPEQ.L vs. ESIN.LSPEQ.L vs. EWSP.LSPEQ.L vs. PSRF.LSPEQ.L vs. XLESPEQ.L vs. PICKSPEQ.L vs. MLPS.LSPEQ.L vs. GLD
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. HMEF.L

Return for Risk

SPEQ.L vs. LTAM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPEQ.L
SPEQ.L Risk / Return Rank: 5858
Overall Rank
SPEQ.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SPEQ.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
SPEQ.L Omega Ratio Rank: 5454
Omega Ratio Rank
SPEQ.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
SPEQ.L Martin Ratio Rank: 5959
Martin Ratio Rank
LTAM.L
LTAM.L Risk / Return Rank: 6262
Overall Rank
LTAM.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
LTAM.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
LTAM.L Omega Ratio Rank: 6060
Omega Ratio Rank
LTAM.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
LTAM.L Martin Ratio Rank: 5858
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.

SPEQ.L vs. LTAM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) and iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.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.

SPEQ.LLTAM.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
1.84

0.00

Sortino ratioReturn per unit of downside risk
2.79
2.51

+0.28

Omega ratioGain probability vs. loss probability

1.33

1.31

+0.02

Calmar ratioReturn relative to maximum drawdown

2.89

2.91

-0.02

Martin ratioReturn relative to average drawdown

10.33

8.34

+1.99

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPEQ.L vs. LTAM.L - Sharpe Ratio Comparison

The current SPEQ.L Sharpe Ratio is 1.84, which is comparable to the LTAM.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SPEQ.L and LTAM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SPEQ.LLTAM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

1.84

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.39

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.29

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.04

+0.67

Drawdowns

SPEQ.L vs. LTAM.L - Drawdown Comparison

The maximum SPEQ.L drawdown since its inception was -20.84%, smaller than the maximum LTAM.L drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for SPEQ.L and LTAM.L.

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Drawdown Indicators

SPEQ.LLTAM.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.84%

-66.21%

+45.37%

Max Drawdown (1Y)

Largest decline over 1 year

-6.84%

-12.40%

+5.56%

Max Drawdown (3Y)

Largest decline over 3 years

-18.67%

-27.62%

+8.95%

Max Drawdown (5Y)

Largest decline over 5 years

-20.84%

-28.82%

+7.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-54.91%

—

Current Drawdown

Current decline from peak

0.00%

-12.40%

+12.40%

Average Drawdown

Average peak-to-trough decline

-5.05%

-29.14%

+24.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

4.33%

-2.41%

Volatility

SPEQ.L vs. LTAM.L - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) is 2.65%, while iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.L) has a volatility of 6.35%. This indicates that SPEQ.L experiences smaller price fluctuations and is considered to be less risky than LTAM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPEQ.LLTAM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

6.35%

-3.70%

Volatility (6M)

Calculated over the trailing 6-month period

7.48%

16.65%

-9.17%

Volatility (1Y)

Calculated over the trailing 1-year period

10.77%

19.60%

-8.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.87%

22.27%

-5.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.77%

26.18%

-8.41%

SPEQ.L vs. LTAM.L - Expense Ratio Comparison

Both SPEQ.L and LTAM.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SPEQ.L vs. LTAM.L - Dividend Comparison

SPEQ.L has not paid dividends to shareholders, while LTAM.L's dividend yield for the trailing twelve months is around 3.54%.

PositionTTM20252024202320222021202020192018201720162015
LTAM.L
iShares MSCI EM Latin America UCITS ETF USD (Dist)		3.54%3.61%5.69%4.33%6.86%3.17%1.82%2.38%2.11%1.52%1.32%2.89%
SPEQ.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		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

SPEQ.L and LTAM.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SPEQ.L and LTAM.L have the same expense ratio: 0.20% per year.

SPEQ.L is categorized as S&P 500, while LTAM.L is Latin America Equities. SPEQ.L tracks S&P 500 Equal Weight Net Total Return, while LTAM.L tracks MSCI EM Latin America NR USD. They also come from different issuers: Invesco and iShares.

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