FLFAX vs. PRLAX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Latin America Fund Class A (FLFAX) and T. Rowe Price Latin America Fund (PRLAX).

FLFAX is managed by Fidelity. It was launched on Sep 28, 2010. PRLAX is managed by T. Rowe Price. It was launched on Dec 28, 1993.

Performance

FLFAX vs. PRLAX - Performance Comparison

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

FLFAX vs. PRLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	-19.27%	23.58%	1.05%	-15.81%	-20.81%	40.23%	-10.73%	30.08%
PRLAX T. Rowe Price Latin America Fund	7.33%	45.79%	-23.09%	34.73%	0.23%	-14.98%	-7.55%	27.23%	-8.27%	28.54%

Returns By Period

FLFAX

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

PRLAX

• 1D: 0.34%
• 1M: -8.09%
• YTD: 7.33%
• 6M: 13.48%
• 1Y: 41.25%
• 3Y*: 15.48%
• 5Y*: 8.17%
• 10Y*: 7.56%

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

FLFAX vs. PRLAX - Expense Ratio Comparison

FLFAX has a 1.33% expense ratio, which is lower than PRLAX's 1.46% expense ratio.

PRLAX

T. Rowe Price Latin America Fund

FLFAX

Fidelity Advisor Latin America Fund Class A

Return for Risk

FLFAX vs. PRLAX — Risk / Return Rank

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

PRLAX

PRLAX Risk / Return Rank: 88
PRLAX Sharpe Ratio Rank: 88
PRLAX Sortino Ratio Rank: 86
PRLAX Omega Ratio Rank: 82
PRLAX Calmar Ratio Rank: 92
PRLAX Martin Ratio Rank: 89

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.

FLFAX vs. PRLAX - Risk-Adjusted Trends Comparison

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

Sharpe Ratios by Period

	FLFAX	PRLAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.77	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.23	—

Correlation

The correlation between FLFAX and PRLAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FLFAX vs. PRLAX - Dividend Comparison

FLFAX has not paid dividends to shareholders, while PRLAX's dividend yield for the trailing twelve months is around 6.61%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	2.16%	3.91%	8.88%	2.44%	0.01%	2.03%	1.96%	1.18%	2.23%	1.86%
PRLAX T. Rowe Price Latin America Fund	6.61%	7.09%	7.84%	2.44%	3.10%	9.92%	1.09%	10.55%	2.41%	1.30%	1.45%	6.65%

Drawdowns

Drawdown Indicators

	FLFAX	PRLAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-70.03%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.80%	—
Current Drawdown Current decline from peak	—	-10.28%	—
Average Drawdown Average peak-to-trough decline	—	-23.92%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.82%	—

Volatility

Volatility by Period

	FLFAX	PRLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.72%	—