OTGL vs. EWZ
OTGL (OTG Latin America ETF) and EWZ (iShares MSCI Brazil ETF) are both Latin America Equities funds - OTGL tracks the Actively Managed while EWZ tracks the MSCI Brazil 25/50 Index. Both are passively managed. Over the past year, OTGL returned 21.65% vs 34.32% for EWZ. Their correlation of 0.84 suggests significant overlap in exposure. OTGL charges 0.95%/yr vs 0.59%/yr for EWZ.
Performance
OTGL vs. EWZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OTGL achieves a 7.05% return, which is significantly lower than EWZ's 12.45% return.
OTGL
- 1D
- -0.78%
- 1M
- -1.03%
- 6M
- 2.20%
- YTD
- 7.05%
- 1Y
- 21.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWZ
- 1D
- -1.50%
- 1M
- 1.79%
- 6M
- 8.49%
- YTD
- 12.45%
- 1Y
- 34.32%
- 3Y*
- 9.34%
- 5Y*
- 5.35%
- 10Y*
- 6.34%
OTGL vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OTGL OTG Latin America ETF | 7.05% | 13.64% |
EWZ iShares MSCI Brazil ETF | 12.45% | 19.45% |
Correlation
The correlation between OTGL and EWZ 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OTGL vs. EWZ — Risk / Return Rank
OTGL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWZ
OTGL vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OTG Latin America ETF (OTGL) and iShares MSCI Brazil ETF (EWZ). 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 | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.79 | — |
| Martin ratioReturn relative to average drawdown | — | 4.74 | — |
Loading charts...
Drawdowns
OTGL vs. EWZ - Drawdown Comparison
The maximum OTGL drawdown since its inception was -13.52%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for OTGL and EWZ.
Loading charts...
Drawdown Indicators
| OTGL | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.52% | -77.25% | +63.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -19.27% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.99% | — |
Current DrawdownCurrent decline from peak | -7.75% | -21.68% | +13.93% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -35.90% | +32.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.25% | — |
Volatility
OTGL vs. EWZ - Volatility Comparison
Loading charts...
Volatility by Period
| OTGL | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 25.01% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 27.61% | -8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 33.91% | -14.94% |
OTGL vs. EWZ - Expense Ratio Comparison
OTGL has a 0.95% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Dividends
OTGL vs. EWZ - Dividend Comparison
OTGL's dividend yield for the trailing twelve months is around 2.78%, less than EWZ's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.14% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
OTGL OTG Latin America ETF | 2.78% | 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
OTGL and EWZ 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 1-year performance, EWZ leads with 34.32% vs 21.65% for OTGL. On fees, EWZ is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWZ has performed better with a 34.32% return vs 21.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWZ is cheaper with a 0.59% expense ratio, compared with 0.95% for OTGL.
EWZ has the higher dividend yield at 4.14%, compared with 2.78% for OTGL.
OTGL tracks Actively Managed, while EWZ tracks MSCI Brazil 25/50 Index. They also come from different issuers: OTG and iShares. Their fees differ too: 0.95% for OTGL and 0.59% for EWZ.
Find the right allocation for OTGL and EWZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer