FLLA vs. FZILX

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin FTSE Latin America ETF (FLLA) and Fidelity ZERO International Index Fund (FZILX).

FLLA is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Latin America RIC Capped Index. It was launched on Oct 9, 2018. FZILX is managed by Fidelity.

Performance

FLLA vs. FZILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Latin America ETF (FLLA) and Fidelity ZERO International Index Fund (FZILX). The values are adjusted to include any dividend payments, if applicable.

FLLA vs. FZILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLLA Franklin FTSE Latin America ETF	17.39%	51.81%	-26.89%	32.71%	7.78%	-8.93%	-15.08%	19.59%	-2.78%
FZILX Fidelity ZERO International Index Fund	-0.81%	33.52%	5.32%	16.28%	-15.96%	8.19%	11.06%	21.69%	-5.37%

Returns By Period

In the year-to-date period, FLLA achieves a 17.39% return, which is significantly higher than FZILX's -0.81% return.

FLLA

• 1D: 3.89%
• 1M: -2.95%
• YTD: 17.39%
• 6M: 25.40%
• 1Y: 54.98%
• 3Y*: 18.51%
• 5Y*: 12.45%
• 10Y*: —

FZILX

• 1D: -0.14%
• 1M: -11.08%
• YTD: -0.81%
• 6M: 3.98%
• 1Y: 24.73%
• 3Y*: 14.86%
• 5Y*: 7.32%
• 10Y*: —

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

FLLA vs. FZILX - Expense Ratio Comparison

FLLA has a 0.19% expense ratio, which is higher than FZILX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

FLLA

Franklin FTSE Latin America ETF

FZILX

Fidelity ZERO International Index Fund

Return for Risk

FLLA vs. FZILX — Risk / Return Rank

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

FLLA

FLLA Risk / Return Rank: 95
FLLA Sharpe Ratio Rank: 95
FLLA Sortino Ratio Rank: 95
FLLA Omega Ratio Rank: 93
FLLA Calmar Ratio Rank: 97
FLLA Martin Ratio Rank: 95

FZILX

FZILX Risk / Return Rank: 80
FZILX Sharpe Ratio Rank: 81
FZILX Sortino Ratio Rank: 80
FZILX Omega Ratio Rank: 78
FZILX Calmar Ratio Rank: 82
FZILX Martin Ratio Rank: 79

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.

FLLA vs. FZILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Latin America ETF (FLLA) and Fidelity ZERO International Index Fund (FZILX). 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.

	FLLA	FZILX	Difference
Sharpe ratio Return per unit of total volatility	2.40	1.47	+0.93
Sortino ratio Return per unit of downside risk	2.97	1.98	+0.99
Omega ratio Gain probability vs. loss probability	1.42	1.30	+0.13
Calmar ratio Return relative to maximum drawdown	4.67	1.97	+2.70
Martin ratio Return relative to average drawdown	15.05	7.73	+7.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLLA vs. FZILX - Sharpe Ratio Comparison

The current FLLA Sharpe Ratio is 2.40, which is higher than the FZILX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FLLA and FZILX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLLA	FZILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.47	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.48	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.47	-0.21

Correlation

The correlation between FLLA and FZILX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FLLA vs. FZILX - Dividend Comparison

FLLA's dividend yield for the trailing twelve months is around 5.16%, more than FZILX's 2.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLLA Franklin FTSE Latin America ETF	5.16%	6.06%	7.04%	5.45%	9.55%	7.60%	2.12%	3.18%	0.48%
FZILX Fidelity ZERO International Index Fund	2.70%	2.67%	3.00%	2.98%	2.71%	2.61%	1.64%	2.37%	0.02%

Drawdowns

FLLA vs. FZILX - Drawdown Comparison

The maximum FLLA drawdown since its inception was -53.88%, which is greater than FZILX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FLLA and FZILX.

Drawdown Indicators

	FLLA	FZILX	Difference
Max Drawdown Largest peak-to-trough decline	-53.88%	-34.37%	-19.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-11.24%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-29.87%	+1.55%
Current Drawdown Current decline from peak	-4.01%	-11.24%	+7.23%
Average Drawdown Average peak-to-trough decline	-13.69%	-6.80%	-6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	2.86%	+0.73%

Volatility

FLLA vs. FZILX - Volatility Comparison

Franklin FTSE Latin America ETF (FLLA) has a higher volatility of 11.50% compared to Fidelity ZERO International Index Fund (FZILX) at 7.19%. This indicates that FLLA's price experiences larger fluctuations and is considered to be riskier than FZILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLLA	FZILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.50%	7.19%	+4.31%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	10.87%	+6.34%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	16.21%	+6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.80%	15.27%	+7.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.66%	17.27%	+10.39%