EWZ vs. OTGL
EWZ (iShares MSCI Brazil ETF) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - EWZ tracks the MSCI Brazil 25/50 Index while OTGL tracks the Actively Managed. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. EWZ charges 0.59%/yr vs 0.95%/yr for OTGL.
Performance
EWZ vs. OTGL - Performance Comparison
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Returns By Period
In the year-to-date period, EWZ achieves a 9.03% return, which is significantly higher than OTGL's 5.63% return.
EWZ
- 1D
- -3.19%
- 1M
- -11.27%
- YTD
- 9.03%
- 6M
- 4.84%
- 1Y
- 32.42%
- 3Y*
- 11.04%
- 5Y*
- 4.31%
- 10Y*
- 7.81%
OTGL
- 1D
- -1.90%
- 1M
- -1.12%
- YTD
- 5.63%
- 6M
- 5.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWZ vs. OTGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EWZ iShares MSCI Brazil ETF | 9.03% | 20.41% |
OTGL OTG Latin America ETF | 5.63% | 13.64% |
Correlation
The correlation between EWZ and OTGL is 0.84, 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 15, 2025 | 0.84 |
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Return for Risk
EWZ vs. OTGL — Risk / Return Rank
EWZ
OTGL
EWZ vs. OTGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) 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.
| EWZ | OTGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 6.10 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWZ | OTGL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.20 | -1.03 |
Drawdowns
EWZ vs. OTGL - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.25%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for EWZ and OTGL.
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Drawdown Indicators
| EWZ | OTGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.25% | -13.52% | -63.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.99% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | — | — |
Current DrawdownCurrent decline from peak | -24.07% | -8.97% | -15.10% |
Average DrawdownAverage peak-to-trough decline | -35.95% | -3.00% | -32.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | — | — |
Volatility
EWZ vs. OTGL - Volatility Comparison
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Volatility by Period
| EWZ | OTGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.97% | 19.02% | +5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 19.02% | +8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.10% | 19.02% | +15.08% |
EWZ vs. OTGL - Expense Ratio Comparison
EWZ has a 0.59% expense ratio, which is lower than OTGL's 0.95% expense ratio.
Dividends
EWZ vs. OTGL - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 4.76%, more than OTGL's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.76% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
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
EWZ and OTGL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EWZ is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EWZ is cheaper with a 0.59% expense ratio, compared with 0.95% for OTGL.
EWZ has the higher dividend yield at 4.76%, compared with 1.83% for OTGL.
EWZ tracks MSCI Brazil 25/50 Index, while OTGL tracks Actively Managed. They also come from different issuers: iShares and OTG. Their fees differ too: 0.59% for EWZ and 0.95% for OTGL.
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