WINC.AS vs. LTAM.AS

Last updated Jun 4, 2026

WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) and LTAM.AS (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both exchange-traded funds - WINC.AS is a Global Equity Income fund actively managed by iShares, while LTAM.AS is a Latin America Equities fund tracking the MSCI EM Latin America NR USD. WINC.AS is actively managed, while LTAM.AS is passively managed. Over the past year, WINC.AS returned 25.00% vs 37.62% for LTAM.AS. At a 0.46 correlation, their price movements are largely independent. WINC.AS charges 0.35%/yr vs 0.20%/yr for LTAM.AS.

Performance

WINC.AS vs. LTAM.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) and iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WINC.AS 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, WINC.AS achieves a 8.19% return, which is significantly lower than LTAM.AS's 10.46% return.

WINC.AS

• 1D: -0.54%
• 1M: 3.21%
• YTD: 8.19%
• 6M: 9.90%
• 1Y: 25.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LTAM.AS

• 1D: -2.40%
• 1M: -6.18%
• YTD: 10.46%
• 6M: 9.55%
• 1Y: 37.62%
• 3Y*: 13.52%
• 5Y*: 8.34%
• 10Y*: 7.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WINC.AS vs. LTAM.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	8.19%	21.56%	8.92%
LTAM.AS iShares MSCI EM Latin America UCITS ETF USD (Dist)	10.46%	54.36%	-23.72%

Correlation

The correlation between WINC.AS and LTAM.AS is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.46

The correlation between WINC.AS and LTAM.AS shifts across timeframes, from 0.46 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WINC.AS vs. LTAM.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WINC.AS

WINC.AS Risk / Return Rank: 74
WINC.AS Sharpe Ratio Rank: 70
WINC.AS Sortino Ratio Rank: 78
WINC.AS Omega Ratio Rank: 70
WINC.AS Calmar Ratio Rank: 73
WINC.AS Martin Ratio Rank: 79

LTAM.AS

LTAM.AS Risk / Return Rank: 58
LTAM.AS Sharpe Ratio Rank: 58
LTAM.AS Sortino Ratio Rank: 57
LTAM.AS Omega Ratio Rank: 54
LTAM.AS Calmar Ratio Rank: 66
LTAM.AS Martin Ratio Rank: 56

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.

WINC.AS vs. LTAM.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) 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.

	WINC.AS	LTAM.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.92	+0.44
Sortino ratio: Return per unit of downside risk	3.54	2.64	+0.90
Omega ratio: Gain probability vs. loss probability	1.43	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	3.68	3.11	+0.56
Martin ratio: Return relative to average drawdown	15.56	8.77	+6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WINC.AS vs. LTAM.AS - Sharpe Ratio Comparison

The current WINC.AS Sharpe Ratio is 2.35, which is comparable to the LTAM.AS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of WINC.AS and LTAM.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WINC.AS	LTAM.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.92	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	0.02	+1.56

Drawdowns

WINC.AS vs. LTAM.AS - Drawdown Comparison

The maximum WINC.AS drawdown since its inception was -14.81%, smaller than the maximum LTAM.AS drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for WINC.AS and LTAM.AS.

Drawdown Indicators

	WINC.AS	LTAM.AS	Difference
Max Drawdown Largest peak-to-trough decline	-14.81%	-68.93%	+54.12%
Max Drawdown (1Y) Largest decline over 1 year	-6.77%	-11.92%	+5.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.32%	—
Current Drawdown Current decline from peak	-0.98%	-11.92%	+10.94%
Average Drawdown Average peak-to-trough decline	-1.54%	-36.27%	+34.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	4.26%	-2.66%

Volatility

WINC.AS vs. LTAM.AS - Volatility Comparison

The current volatility for iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) is 3.10%, while iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) has a volatility of 5.98%. This indicates that WINC.AS 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.

Volatility by Period

	WINC.AS	LTAM.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	5.98%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	8.24%	16.49%	-8.25%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	19.36%	-8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	22.28%	-8.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	26.08%	-12.23%

WINC.AS vs. LTAM.AS - Expense Ratio Comparison

WINC.AS has a 0.35% expense ratio, which is higher than LTAM.AS's 0.20% expense ratio.

Dividends

WINC.AS vs. LTAM.AS - Dividend Comparison

WINC.AS's dividend yield for the trailing twelve months is around 9.70%, more than LTAM.AS's 3.00% 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)	3.00%	3.21%	5.22%	3.99%	6.79%	2.66%	1.65%	2.11%	1.84%	1.41%	1.23%	2.69%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	9.70%	9.38%	4.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WINC.AS and LTAM.AS in my portfolio?

WINC.AS and LTAM.AS have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WINC.AS or LTAM.AS?

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.

Which ETF is cheaper, WINC.AS or LTAM.AS?

LTAM.AS is cheaper with a 0.20% expense ratio, compared with 0.35% for WINC.AS.

What is the main difference between WINC.AS and LTAM.AS?

WINC.AS is categorized as Global Equity Income, while LTAM.AS is Latin America Equities. Their fees differ too: 0.35% for WINC.AS and 0.20% for LTAM.AS.