EWZS vs. OTGL
EWZS (iShares MSCI Brazil Small-Cap ETF) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - EWZS tracks the MSCI Brazil Small Cap Index while OTGL tracks the Actively Managed. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. EWZS charges 0.59%/yr vs 0.95%/yr for OTGL.
Performance
EWZS vs. OTGL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EWZS achieves a -0.48% return, which is significantly lower than OTGL's 5.36% return.
EWZS
- 1D
- -0.41%
- 1M
- -8.21%
- YTD
- -0.48%
- 6M
- 0.31%
- 1Y
- 2.81%
- 3Y*
- -2.13%
- 5Y*
- -5.70%
- 10Y*
- 6.69%
OTGL
- 1D
- -0.86%
- 1M
- -1.33%
- YTD
- 5.36%
- 6M
- 6.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWZS vs. OTGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EWZS iShares MSCI Brazil Small-Cap ETF | -0.48% | 6.53% |
OTGL OTG Latin America ETF | 5.36% | 13.64% |
Correlation
The correlation between EWZS 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EWZS vs. OTGL — Risk / Return Rank
EWZS
OTGL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWZS vs. OTGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil Small-Cap ETF (EWZS) 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.
| EWZS | OTGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | — | — |
| Martin ratioReturn relative to average drawdown | 0.35 | — | — |
Loading charts...
Drawdowns
EWZS vs. OTGL - Drawdown Comparison
The maximum EWZS drawdown since its inception was -79.23%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for EWZS and OTGL.
Loading charts...
Drawdown Indicators
| EWZS | OTGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.23% | -13.52% | -65.71% |
Max Drawdown (1Y)Largest decline over 1 year | -21.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -37.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.15% | — | — |
Current DrawdownCurrent decline from peak | -34.56% | -9.20% | -25.36% |
Average DrawdownAverage peak-to-trough decline | -36.54% | -3.31% | -33.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | — | — |
Volatility
EWZS vs. OTGL - Volatility Comparison
Loading charts...
Volatility by Period
| EWZS | OTGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.75% | 19.23% | +11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.20% | 19.23% | +13.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.75% | 19.23% | +17.52% |
EWZS vs. OTGL - Expense Ratio Comparison
EWZS has a 0.59% expense ratio, which is lower than OTGL's 0.95% expense ratio.
Dividends
EWZS vs. OTGL - Dividend Comparison
EWZS's dividend yield for the trailing twelve months is around 4.01%, more than OTGL's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZS iShares MSCI Brazil Small-Cap ETF | 4.01% | 3.88% | 4.93% | 2.75% | 4.61% | 4.51% | 1.15% | 1.77% | 4.35% | 3.41% | 3.62% | 4.35% |
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
EWZS 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.
On fees, EWZS is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EWZS is cheaper with a 0.59% expense ratio, compared with 0.95% for OTGL.
EWZS has the higher dividend yield at 4.01%, compared with 2.83% for OTGL.
EWZS tracks MSCI Brazil Small Cap Index, while OTGL tracks Actively Managed. They also come from different issuers: iShares and OTG. Their fees differ too: 0.59% for EWZS and 0.95% for OTGL.
Find the right allocation for EWZS and OTGL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer