OTGL vs. BRAZ

Last updated Jul 14, 2026

OTGL (OTG Latin America ETF) and BRAZ (Global X Brazil Active ETF) are both Latin America Equities funds - OTGL tracks the Actively Managed while BRAZ tracks the Solactive Brazil Mid Cap Index. Both are passively managed. Over the past year, OTGL returned 21.65% vs 33.89% for BRAZ. Their correlation of 0.84 suggests significant overlap in exposure. OTGL charges 0.95%/yr vs 0.75%/yr for BRAZ.

Performance

OTGL vs. BRAZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OTG Latin America ETF (OTGL) and Global X Brazil Active ETF (BRAZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OTGL achieves a 7.05% return, which is significantly lower than BRAZ's 10.67% return.

OTGL

• 1D: -0.78%
• 1M: -1.03%
• 6M: 2.20%
• YTD: 7.05%
• 1Y: 21.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRAZ

• 1D: -0.35%
• 1M: 1.85%
• 6M: 6.47%
• YTD: 10.67%
• 1Y: 33.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OTGL vs. BRAZ - Yearly Performance Comparison

	2026 (YTD)	2025
OTGL OTG Latin America ETF	7.05%	13.64%
BRAZ Global X Brazil Active ETF	10.67%	20.97%

Correlation

The correlation between OTGL and BRAZ 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

Return for Risk

OTGL vs. BRAZ — Risk / Return Rank

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

OTGL

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

BRAZ

BRAZ Risk / Return Rank: 45
BRAZ Sharpe Ratio Rank: 51
BRAZ Sortino Ratio Rank: 47
BRAZ Omega Ratio Rank: 48
BRAZ Calmar Ratio Rank: 43
BRAZ Martin Ratio Rank: 37

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.

OTGL vs. BRAZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OTG Latin America ETF (OTGL) and Global X Brazil Active ETF (BRAZ). 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.

	OTGL	BRAZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.41	—
Sortino ratio: Return per unit of downside risk	—	1.91	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.73	—
Martin ratio: Return relative to average drawdown	—	4.64	—

Drawdowns

OTGL vs. BRAZ - Drawdown Comparison

The maximum OTGL drawdown since its inception was -13.52%, smaller than the maximum BRAZ drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for OTGL and BRAZ.

Drawdown Indicators

	OTGL	BRAZ	Difference
Max Drawdown Largest peak-to-trough decline	-13.52%	-31.02%	+17.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-19.65%	+6.13%
Current Drawdown Current decline from peak	-7.75%	-14.80%	+7.05%
Average Drawdown Average peak-to-trough decline	-3.60%	-11.45%	+7.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.32%	—

Volatility

Volatility by Period

	OTGL	BRAZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	24.24%	-5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	23.44%	-4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	23.44%	-4.47%

OTGL vs. BRAZ - Expense Ratio Comparison

OTGL has a 0.95% expense ratio, which is higher than BRAZ's 0.75% expense ratio.

Dividends

OTGL vs. BRAZ - Dividend Comparison

OTGL's dividend yield for the trailing twelve months is around 2.78%, more than BRAZ's 2.65% yield.

Position	TTM	2025	2024	2023
BRAZ Global X Brazil Active ETF	2.65%	3.41%	4.16%	1.88%
OTGL OTG Latin America ETF	2.78%	1.89%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OTGL and BRAZ in my portfolio?

OTGL and BRAZ 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.

Which ETF is better, OTGL or BRAZ?

On 1-year performance, BRAZ leads with 33.89% vs 21.65% for OTGL. On fees, BRAZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OTGL or BRAZ?

Over the 1-year period, BRAZ has performed better with a 33.89% return vs 21.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OTGL or BRAZ?

BRAZ is cheaper with a 0.75% expense ratio, compared with 0.95% for OTGL.

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

OTGL has the higher dividend yield at 2.78%, compared with 2.65% for BRAZ.

What is the main difference between OTGL and BRAZ?

OTGL tracks Actively Managed, while BRAZ tracks Solactive Brazil Mid Cap Index. They also come from different issuers: OTG and Global X. Their fees differ too: 0.95% for OTGL and 0.75% for BRAZ.