FLN vs. OTGL
FLN (First Trust Latin America AlphaDEX Fund) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - FLN tracks the NASDAQ AlphaDEX Latin America Index while OTGL tracks the Actively Managed. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. FLN charges 0.80%/yr vs 0.95%/yr for OTGL.
Performance
FLN vs. OTGL - Performance Comparison
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Returns By Period
In the year-to-date period, FLN achieves a 10.73% return, which is significantly higher than OTGL's 5.36% return.
FLN
- 1D
- -0.88%
- 1M
- -3.24%
- YTD
- 10.73%
- 6M
- 11.01%
- 1Y
- 33.80%
- 3Y*
- 13.56%
- 5Y*
- 8.70%
- 10Y*
- 9.42%
OTGL
- 1D
- -0.86%
- 1M
- -1.33%
- YTD
- 5.36%
- 6M
- 6.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLN vs. OTGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 10.73% | 19.55% |
OTGL OTG Latin America ETF | 5.36% | 13.64% |
Correlation
The correlation between FLN and OTGL is 0.84, 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 | 0.84 |
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Return for Risk
FLN vs. OTGL — Risk / Return Rank
FLN
OTGL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLN vs. OTGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) 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.
| FLN | OTGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | — | — |
| Martin ratioReturn relative to average drawdown | 7.24 | — | — |
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Drawdowns
FLN vs. OTGL - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.95%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for FLN and OTGL.
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Drawdown Indicators
| FLN | OTGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.95% | -13.52% | -44.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.75% | — | — |
Current DrawdownCurrent decline from peak | -10.75% | -9.20% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -3.31% | -15.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | — | — |
Volatility
FLN vs. OTGL - Volatility Comparison
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Volatility by Period
| FLN | OTGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.31% | 19.23% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.65% | 19.23% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.57% | 19.23% | +8.34% |
FLN vs. OTGL - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is lower than OTGL's 0.95% expense ratio.
Dividends
FLN vs. OTGL - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 3.62%, more than OTGL's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 3.62% | 3.40% | 6.26% | 4.17% | 5.57% | 4.70% | 1.64% | 1.91% | 3.08% | 10.28% | 1.06% | 2.34% |
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
FLN and OTGL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLN is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLN is cheaper with a 0.80% expense ratio, compared with 0.95% for OTGL.
FLN has the higher dividend yield at 3.62%, compared with 2.83% for OTGL.
FLN tracks NASDAQ AlphaDEX Latin America Index, while OTGL tracks Actively Managed. They also come from different issuers: First Trust and OTG. Their fees differ too: 0.80% for FLN and 0.95% for OTGL.
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