COLO vs. OTGL

Last updated Jun 4, 2026

COLO (Global X MSCI Colombia ETF) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - COLO tracks the MSCI All Colombia Select 25/50 Index while OTGL tracks the Actively Managed. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. COLO charges 0.62%/yr vs 0.95%/yr for OTGL.

Performance

COLO vs. OTGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Colombia ETF (COLO) 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, COLO achieves a 14.14% return, which is significantly higher than OTGL's 5.63% return.

COLO

• 1D: -2.42%
• 1M: 8.62%
• YTD: 14.14%
• 6M: 13.91%
• 1Y: 48.73%
• 3Y*: 34.47%
• 5Y*: 14.34%
• 10Y*: 6.37%

OTGL

• 1D: -1.90%
• 1M: -1.12%
• YTD: 5.63%
• 6M: 5.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COLO vs. OTGL - Yearly Performance Comparison

	2026 (YTD)	2025
COLO Global X MSCI Colombia ETF	14.14%	28.36%
OTGL OTG Latin America ETF	5.63%	13.64%

Correlation

The correlation between COLO and OTGL is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.59

Return for Risk

COLO vs. OTGL — Risk / Return Rank

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

COLO

COLO Risk / Return Rank: 60
COLO Sharpe Ratio Rank: 67
COLO Sortino Ratio Rank: 66
COLO Omega Ratio Rank: 64
COLO Calmar Ratio Rank: 56
COLO Martin Ratio Rank: 45

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.

COLO vs. OTGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Colombia ETF (COLO) 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.

	COLO	OTGL	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	3.02	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.75	—	—
Martin ratio: Return relative to average drawdown	7.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	COLO	OTGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.20	-0.98

Drawdowns

COLO vs. OTGL - Drawdown Comparison

The maximum COLO drawdown since its inception was -78.91%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for COLO and OTGL.

Drawdown Indicators

	COLO	OTGL	Difference
Max Drawdown Largest peak-to-trough decline	-78.91%	-13.52%	-65.39%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.75%	—	—
Current Drawdown Current decline from peak	-22.51%	-8.97%	-13.54%
Average Drawdown Average peak-to-trough decline	-40.32%	-3.00%	-37.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.49%	—	—

Volatility

Volatility by Period

	COLO	OTGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.28%	19.02%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.21%	19.02%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	19.02%	+6.42%

COLO vs. OTGL - Expense Ratio Comparison

COLO has a 0.62% expense ratio, which is lower than OTGL's 0.95% expense ratio.

Dividends

COLO vs. OTGL - Dividend Comparison

COLO's dividend yield for the trailing twelve months is around 6.58%, more than OTGL's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.58%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
OTGL OTG Latin America ETF	1.83%	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 COLO and OTGL in my portfolio?

COLO and OTGL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COLO or OTGL?

On fees, COLO is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COLO or OTGL?

COLO is cheaper with a 0.62% expense ratio, compared with 0.95% for OTGL.

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

COLO has the higher dividend yield at 6.58%, compared with 1.83% for OTGL.

What is the main difference between COLO and OTGL?

COLO tracks MSCI All Colombia Select 25/50 Index, while OTGL tracks Actively Managed. They also come from different issuers: Global X and OTG. Their fees differ too: 0.62% for COLO and 0.95% for OTGL.