FLN vs. OTGL

Last updated Jun 4, 2026

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 0.83 suggests significant overlap in exposure. FLN charges 0.80%/yr vs 0.95%/yr for OTGL.

Performance

FLN vs. OTGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Latin America AlphaDEX Fund (FLN) 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, FLN achieves a 11.67% return, which is significantly higher than OTGL's 5.63% return.

FLN

• 1D: -2.00%
• 1M: -5.45%
• YTD: 11.67%
• 6M: 11.54%
• 1Y: 36.27%
• 3Y*: 16.20%
• 5Y*: 8.98%
• 10Y*: 9.85%

OTGL

• 1D: -1.90%
• 1M: -1.12%
• YTD: 5.63%
• 6M: 5.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLN vs. OTGL - Yearly Performance Comparison

	2026 (YTD)	2025
FLN First Trust Latin America AlphaDEX Fund	11.67%	20.39%
OTGL OTG Latin America ETF	5.63%	13.64%

Correlation

The correlation between FLN and OTGL is 0.83, 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 15, 2025	0.83

Return for Risk

FLN vs. OTGL — Risk / Return Rank

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

FLN

FLN Risk / Return Rank: 52
FLN Sharpe Ratio Rank: 50
FLN Sortino Ratio Rank: 46
FLN Omega Ratio Rank: 47
FLN Calmar Ratio Rank: 64
FLN Martin Ratio Rank: 53

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.

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.

	FLN	OTGL	Difference
Sharpe ratio Return per unit of total volatility	1.74	—	—
Sortino ratio Return per unit of downside risk	2.31	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	3.19	—	—
Martin ratio Return relative to average drawdown	9.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLN	OTGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.20	-1.12

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.

Drawdown Indicators

	FLN	OTGL	Difference
Max Drawdown Largest peak-to-trough decline	-57.95%	-13.52%	-44.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	—	—
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 Drawdown Current decline from peak	-9.99%	-8.97%	-1.02%
Average Drawdown Average peak-to-trough decline	-18.90%	-3.00%	-15.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	—	—

Volatility

Volatility by Period

	FLN	OTGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.96%	19.02%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.59%	19.02%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.64%	19.02%	+8.62%

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 3.59%, more than OTGL's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLN First Trust Latin America AlphaDEX Fund	3.59%	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	1.83%	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

Can I hold both FLN and OTGL in my portfolio?

FLN and OTGL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLN or OTGL?

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.

Which ETF is cheaper, FLN or OTGL?

FLN is cheaper with a 0.80% expense ratio, compared with 0.95% for OTGL.

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

FLN has the higher dividend yield at 3.59%, compared with 1.83% for OTGL.

What is the main difference between FLN and 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.