FLFAX vs. OTGAX

Last updated Jun 3, 2026

FLFAX (Fidelity Advisor Latin America Fund Class A) and OTGAX (OTG Latin America Fund) are both Latin America Equities funds. Their correlation of 0.80 suggests significant overlap in exposure. FLFAX charges 1.33%/yr vs 2.22%/yr for OTGAX.

Performance

FLFAX vs. OTGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Latin America Fund Class A (FLFAX) and OTG Latin America Fund (OTGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLFAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OTGAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLFAX vs. OTGAX - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022	2021	2020	2019
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	-19.27%	23.58%	1.05%	-15.81%	-20.81%	29.74%
OTGAX OTG Latin America Fund	22.20%	-16.77%	25.27%	2.86%	-1.58%	-16.82%	2.29%

Correlation

The correlation between FLFAX and OTGAX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 16, 2019	0.80

Over the past year, the correlation between FLFAX and OTGAX has dropped to 0.39 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

FLFAX vs. OTGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Latin America Fund Class A (FLFAX) and OTG Latin America Fund (OTGAX). 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.

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

Drawdowns

Volatility

FLFAX vs. OTGAX - Expense Ratio Comparison

FLFAX has a 1.33% expense ratio, which is lower than OTGAX's 2.22% expense ratio.

Dividends

FLFAX vs. OTGAX - Dividend Comparison

FLFAX has not paid dividends to shareholders, while OTGAX's dividend yield for the trailing twelve months is around 0.49%.

Position	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	2.16%	3.91%	8.88%	2.44%	0.01%	2.03%	1.96%	1.18%	2.23%	1.86%
OTGAX OTG Latin America Fund	0.49%	1.73%	2.20%	5.59%	5.94%	0.73%	1.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLFAX and OTGAX in my portfolio?

FLFAX and OTGAX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.