FLMX vs. OTGL

Last updated Jun 24, 2026

FLMX (Franklin FTSE Mexico ETF) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - FLMX tracks the FTSE Mexico RIC Capped Index while OTGL tracks the Actively Managed. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. FLMX charges 0.19%/yr vs 0.95%/yr for OTGL.

Performance

FLMX vs. OTGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Mexico ETF (FLMX) and OTG Latin America ETF (OTGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLMX achieves a 9.45% return, which is significantly higher than OTGL's 5.36% return.

FLMX

• 1D: -1.54%
• 1M: -2.53%
• YTD: 9.45%
• 6M: 6.90%
• 1Y: 33.21%
• 3Y*: 10.20%
• 5Y*: 12.58%
• 10Y*: —

OTGL

• 1D: -0.86%
• 1M: -1.33%
• YTD: 5.36%
• 6M: 6.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLMX vs. OTGL - Yearly Performance Comparison

	2026 (YTD)	2025
FLMX Franklin FTSE Mexico ETF	9.45%	17.61%
OTGL OTG Latin America ETF	5.36%	13.64%

Correlation

The correlation between FLMX and OTGL is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.71

Return for Risk

FLMX vs. OTGL — Risk / Return Rank

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

FLMX

FLMX Risk / Return Rank: 48
FLMX Sharpe Ratio Rank: 47
FLMX Sortino Ratio Rank: 47
FLMX Omega Ratio Rank: 44
FLMX Calmar Ratio Rank: 50
FLMX Martin Ratio Rank: 50

OTGL

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

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.

FLMX vs. OTGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Mexico ETF (FLMX) 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.

	FLMX	OTGL	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.19	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	8.16	—	—

Drawdowns

FLMX vs. OTGL - Drawdown Comparison

The maximum FLMX drawdown since its inception was -50.05%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for FLMX and OTGL.

Drawdown Indicators

	FLMX	OTGL	Difference
Max Drawdown Largest peak-to-trough decline	-50.05%	-13.52%	-36.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.72%	—	—
Current Drawdown Current decline from peak	-6.97%	-9.20%	+2.23%
Average Drawdown Average peak-to-trough decline	-12.00%	-3.31%	-8.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	—	—

Volatility

Volatility by Period

	FLMX	OTGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.57%	19.23%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.08%	19.23%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	19.23%	+5.44%

FLMX vs. OTGL - Expense Ratio Comparison

FLMX has a 0.19% expense ratio, which is lower than OTGL's 0.95% expense ratio.

Dividends

FLMX vs. OTGL - Dividend Comparison

FLMX's dividend yield for the trailing twelve months is around 1.89%, less than OTGL's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLMX Franklin FTSE Mexico ETF	1.89%	3.99%	3.31%	2.90%	4.22%	3.15%	1.48%	2.95%	2.51%	0.31%
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%

Frequently Asked Questions

Can I hold both FLMX and OTGL in my portfolio?

FLMX and OTGL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLMX or OTGL?

On fees, FLMX is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLMX or OTGL?

FLMX is cheaper with a 0.19% expense ratio, compared with 0.95% for OTGL.

Which ETF pays a higher dividend yield, FLMX or OTGL?

OTGL has the higher dividend yield at 2.83%, compared with 1.89% for FLMX.

What is the main difference between FLMX and OTGL?

FLMX tracks FTSE Mexico RIC Capped Index, while OTGL tracks Actively Managed. They also come from different issuers: Franklin Templeton and OTG. Their fees differ too: 0.19% for FLMX and 0.95% for OTGL.