OTGAX vs. FLFAX

Last updated Jun 3, 2026

OTGAX (OTG Latin America Fund) and FLFAX (Fidelity Advisor Latin America Fund Class A) are both Latin America Equities funds. Their correlation of 0.80 suggests significant overlap in exposure. OTGAX charges 2.22%/yr vs 1.33%/yr for FLFAX.

Performance

OTGAX vs. FLFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OTG Latin America Fund (OTGAX) and Fidelity Advisor Latin America Fund Class A (FLFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OTGAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLFAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OTGAX vs. FLFAX - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022	2021	2020	2019
OTGAX OTG Latin America Fund	22.20%	-16.77%	25.27%	2.86%	-1.58%	-16.82%	2.29%
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	-19.27%	23.58%	1.05%	-15.81%	-20.81%	29.74%

Correlation

The correlation between OTGAX and FLFAX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 16, 2019	0.80

Over the past year, the correlation between OTGAX and FLFAX has dropped to 0.39 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

OTGAX vs. FLFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OTG Latin America Fund (OTGAX) and Fidelity Advisor Latin America Fund Class A (FLFAX). 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.

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

Drawdowns

Volatility

OTGAX vs. FLFAX - Expense Ratio Comparison

OTGAX has a 2.22% expense ratio, which is higher than FLFAX's 1.33% expense ratio.

Dividends

OTGAX vs. FLFAX - Dividend Comparison

OTGAX's dividend yield for the trailing twelve months is around 0.49%, while FLFAX has not paid dividends to shareholders.

Position	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	2.16%	3.91%	8.88%	2.44%	0.01%	2.03%	1.96%	1.18%	2.23%	1.86%
OTGAX OTG Latin America Fund	0.49%	1.73%	2.20%	5.59%	5.94%	0.73%	1.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OTGAX and FLFAX in my portfolio?

OTGAX and FLFAX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.