BRF vs. OTGL

Last updated Jun 24, 2026

BRF (VanEck Vectors Brazil Small-Cap ETF) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - BRF tracks the MVIS Brazil Small-Cap Index while OTGL tracks the Actively Managed. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. BRF charges 0.60%/yr vs 0.95%/yr for OTGL.

Performance

BRF vs. OTGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Brazil Small-Cap ETF (BRF) and OTG Latin America ETF (OTGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRF achieves a 1.35% return, which is significantly lower than OTGL's 5.36% return.

BRF

• 1D: -0.30%
• 1M: -7.29%
• YTD: 1.35%
• 6M: 2.21%
• 1Y: 14.35%
• 3Y*: 0.89%
• 5Y*: -4.70%
• 10Y*: 5.57%

OTGL

• 1D: -0.86%
• 1M: -1.33%
• YTD: 5.36%
• 6M: 6.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRF vs. OTGL - Yearly Performance Comparison

	2026 (YTD)	2025
BRF VanEck Vectors Brazil Small-Cap ETF	1.35%	16.20%
OTGL OTG Latin America ETF	5.36%	13.64%

Correlation

The correlation between BRF and OTGL is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.82

Return for Risk

BRF vs. OTGL — Risk / Return Rank

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

BRF

BRF Risk / Return Rank: 17
BRF Sharpe Ratio Rank: 16
BRF Sortino Ratio Rank: 17
BRF Omega Ratio Rank: 17
BRF Calmar Ratio Rank: 18
BRF Martin Ratio Rank: 19

OTGL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BRF vs. OTGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Brazil Small-Cap ETF (BRF) and OTG Latin America ETF (OTGL). 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.

	BRF	OTGL	Difference
Sharpe ratio: Return per unit of total volatility	0.50	—	—
Sortino ratio: Return per unit of downside risk	0.87	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.75	—	—
Martin ratio: Return relative to average drawdown	2.09	—	—

Drawdowns

BRF vs. OTGL - Drawdown Comparison

The maximum BRF drawdown since its inception was -82.26%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for BRF and OTGL.

Drawdown Indicators

	BRF	OTGL	Difference
Max Drawdown Largest peak-to-trough decline	-82.26%	-13.52%	-68.74%
Max Drawdown (1Y) Largest decline over 1 year	-19.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-37.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.43%	—	—
Current Drawdown Current decline from peak	-50.59%	-9.20%	-41.39%
Average Drawdown Average peak-to-trough decline	-45.74%	-3.31%	-42.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.89%	—	—

Volatility

Volatility by Period

	BRF	OTGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.85%	19.23%	+9.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.72%	19.23%	+12.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.88%	19.23%	+14.65%

BRF vs. OTGL - Expense Ratio Comparison

BRF has a 0.60% expense ratio, which is lower than OTGL's 0.95% expense ratio.

Dividends

BRF vs. OTGL - Dividend Comparison

BRF's dividend yield for the trailing twelve months is around 5.47%, more than OTGL's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRF VanEck Vectors Brazil Small-Cap ETF	5.47%	5.54%	4.08%	5.02%	4.13%	2.96%	1.66%	2.54%	2.89%	4.53%	4.25%	3.84%
OTGL OTG Latin America ETF	2.83%	1.89%	0.00%	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 BRF and OTGL in my portfolio?

BRF and OTGL have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRF or OTGL?

On fees, BRF is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRF or OTGL?

BRF is cheaper with a 0.60% expense ratio, compared with 0.95% for OTGL.

Which ETF pays a higher dividend yield, BRF or OTGL?

BRF has the higher dividend yield at 5.47%, compared with 2.83% for OTGL.

What is the main difference between BRF and OTGL?

BRF tracks MVIS Brazil Small-Cap Index, while OTGL tracks Actively Managed. They also come from different issuers: VanEck and OTG. Their fees differ too: 0.60% for BRF and 0.95% for OTGL.