EWW vs. OTGL

Last updated Jun 4, 2026

EWW (iShares MSCI Mexico ETF) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - EWW tracks the MSCI Mexico IMI 25/50 Index while OTGL tracks the Actively Managed. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. EWW charges 0.49%/yr vs 0.95%/yr for OTGL.

Performance

EWW vs. OTGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Mexico ETF (EWW) 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, EWW achieves a 12.62% return, which is significantly higher than OTGL's 5.63% return.

EWW

• 1D: -1.26%
• 1M: 3.21%
• YTD: 12.62%
• 6M: 16.29%
• 1Y: 34.15%
• 3Y*: 12.42%
• 5Y*: 13.49%
• 10Y*: 7.35%

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)

EWW vs. OTGL - Yearly Performance Comparison

	2026 (YTD)	2025
EWW iShares MSCI Mexico ETF	12.62%	18.54%
OTGL OTG Latin America ETF	5.63%	13.64%

Correlation

The correlation between EWW and OTGL is 0.71, 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	0.71

Return for Risk

EWW vs. OTGL — Risk / Return Rank

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

EWW

EWW Risk / Return Rank: 47
EWW Sharpe Ratio Rank: 46
EWW Sortino Ratio Rank: 45
EWW Omega Ratio Rank: 44
EWW Calmar Ratio Rank: 49
EWW Martin Ratio Rank: 52

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.

EWW vs. OTGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico ETF (EWW) 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.

	EWW	OTGL	Difference
Sharpe ratio Return per unit of total volatility	1.62	—	—
Sortino ratio Return per unit of downside risk	2.27	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	2.45	—	—
Martin ratio Return relative to average drawdown	9.08	—	—
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

	EWW	OTGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.20	-0.90

Drawdowns

EWW vs. OTGL - Drawdown Comparison

The maximum EWW drawdown since its inception was -64.94%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for EWW and OTGL.

Drawdown Indicators

	EWW	OTGL	Difference
Max Drawdown Largest peak-to-trough decline	-64.94%	-13.52%	-51.42%
Max Drawdown (1Y) Largest decline over 1 year	-13.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.62%	—	—
Current Drawdown Current decline from peak	-3.88%	-8.97%	+5.09%
Average Drawdown Average peak-to-trough decline	-18.52%	-3.00%	-15.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	—	—

Volatility

Volatility by Period

	EWW	OTGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.15%	19.02%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	19.02%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.39%	19.02%	+6.37%

EWW vs. OTGL - Expense Ratio Comparison

EWW has a 0.49% expense ratio, which is lower than OTGL's 0.95% expense ratio.

Dividends

EWW vs. OTGL - Dividend Comparison

EWW's dividend yield for the trailing twelve months is around 3.09%, more than OTGL's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWW iShares MSCI Mexico ETF	3.09%	3.48%	4.39%	2.19%	3.64%	2.06%	1.43%	2.92%	2.30%	2.22%	1.77%	2.34%
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 EWW and OTGL in my portfolio?

EWW and OTGL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EWW or OTGL?

On fees, EWW is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EWW or OTGL?

EWW is cheaper with a 0.49% expense ratio, compared with 0.95% for OTGL.

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

EWW has the higher dividend yield at 3.09%, compared with 1.83% for OTGL.

What is the main difference between EWW and OTGL?

EWW tracks MSCI Mexico IMI 25/50 Index, while OTGL tracks Actively Managed. They also come from different issuers: iShares and OTG. Their fees differ too: 0.49% for EWW and 0.95% for OTGL.