ILF vs. PRLAX
ILF (iShares Latin American 40 ETF) and PRLAX (T. Rowe Price Latin America Fund) are both Latin America Equities funds. Over the past 10 years, ILF returned 8.33%/yr vs 7.62%/yr for PRLAX. Their correlation of 0.93 suggests significant overlap in exposure. ILF charges 0.48%/yr vs 1.46%/yr for PRLAX.
Performance
ILF vs. PRLAX - Performance Comparison
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Returns By Period
In the year-to-date period, ILF achieves a 11.66% return, which is significantly higher than PRLAX's 8.96% return. Over the past 10 years, ILF has outperformed PRLAX with an annualized return of 8.33%, while PRLAX has yielded a comparatively lower 7.62% annualized return.
ILF
- 1D
- -2.72%
- 1M
- -4.92%
- YTD
- 11.66%
- 6M
- 10.51%
- 1Y
- 39.82%
- 3Y*
- 15.62%
- 5Y*
- 8.53%
- 10Y*
- 8.33%
PRLAX
- 1D
- 0.37%
- 1M
- -2.98%
- YTD
- 8.96%
- 6M
- 7.15%
- 1Y
- 28.78%
- 3Y*
- 12.22%
- 5Y*
- 5.99%
- 10Y*
- 7.62%
ILF vs. PRLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 11.66% | 52.65% | -23.11% | 33.14% | 9.81% | -13.59% | -11.71% | 13.77% | -6.85% | 26.33% |
PRLAX T. Rowe Price Latin America Fund | 8.96% | 45.79% | -23.09% | 34.73% | 0.23% | -14.98% | -7.55% | 27.23% | -8.27% | 28.54% |
Correlation
The correlation between ILF and PRLAX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2001 | 0.93 |
The correlation between ILF and PRLAX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
ILF vs. PRLAX — Risk / Return Rank
ILF
PRLAX
ILF vs. PRLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Latin American 40 ETF (ILF) 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.
| ILF | PRLAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.17 | +0.99 |
| Martin ratioReturn relative to average drawdown | 9.70 | 6.63 | +3.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ILF | PRLAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.38 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.26 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.30 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.23 | +0.07 |
Drawdowns
ILF vs. PRLAX - Drawdown Comparison
The maximum ILF drawdown since its inception was -67.48%, roughly equal to the maximum PRLAX drawdown of -70.03%. Use the drawdown chart below to compare losses from any high point for ILF and PRLAX.
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Drawdown Indicators
| ILF | PRLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.48% | -70.03% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -13.65% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -23.97% | -23.60% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -30.74% | +1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -57.79% | -49.80% | -7.99% |
Current DrawdownCurrent decline from peak | -10.76% | -8.99% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -23.94% | -23.82% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 4.46% | -0.34% |
Volatility
ILF vs. PRLAX - Volatility Comparison
iShares Latin American 40 ETF (ILF) and T. Rowe Price Latin America Fund (PRLAX) have volatilities of 6.49% and 6.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ILF | PRLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 6.32% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 18.26% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 21.39% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.18% | 22.89% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.44% | 25.69% | +2.75% |
ILF vs. PRLAX - Expense Ratio Comparison
ILF has a 0.48% expense ratio, which is lower than PRLAX's 1.46% expense ratio.
Dividends
ILF vs. PRLAX - Dividend Comparison
ILF's dividend yield for the trailing twelve months is around 3.93%, less than PRLAX's 6.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 3.93% | 4.39% | 7.44% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.25% |
PRLAX T. Rowe Price Latin America Fund | 6.51% | 7.09% | 7.84% | 2.44% | 3.10% | 9.92% | 1.09% | 10.55% | 2.41% | 1.30% | 1.45% | 6.65% |
Frequently Asked Questions
With a correlation of 0.96, ILF and PRLAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ILF has higher volatility (6.49%) compared to PRLAX (6.32%). In terms of maximum drawdown, ILF dropped -67.48% vs PRLAX's -70.03%.
ILF currently has the higher Sharpe Ratio (1.84 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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