OTGL vs. FLBR

Last updated Jun 24, 2026

OTGL (OTG Latin America ETF) and FLBR (Franklin FTSE Brazil ETF) are both Latin America Equities funds - OTGL tracks the Actively Managed while FLBR tracks the FTSE Brazil RIC Capped Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. OTGL charges 0.95%/yr vs 0.19%/yr for FLBR.

Performance

OTGL vs. FLBR - Performance Comparison

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

Returns By Period

In the year-to-date period, OTGL achieves a 5.36% return, which is significantly lower than FLBR's 12.86% return.

OTGL

• 1D: -0.86%
• 1M: -1.33%
• YTD: 5.36%
• 6M: 6.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLBR

• 1D: -0.32%
• 1M: -5.91%
• YTD: 12.86%
• 6M: 14.02%
• 1Y: 30.42%
• 3Y*: 9.76%
• 5Y*: 4.58%
• 10Y*: —

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

OTGL vs. FLBR - Yearly Performance Comparison

	2026 (YTD)	2025
OTGL OTG Latin America ETF	5.36%	13.64%
FLBR Franklin FTSE Brazil ETF	12.86%	17.02%

Correlation

The correlation between OTGL and FLBR is 0.82, 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	0.82

Return for Risk

OTGL vs. FLBR — 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.

FLBR

FLBR Risk / Return Rank: 34
FLBR Sharpe Ratio Rank: 36
FLBR Sortino Ratio Rank: 34
FLBR Omega Ratio Rank: 34
FLBR Calmar Ratio Rank: 35
FLBR Martin Ratio Rank: 33

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. FLBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OTG Latin America ETF (OTGL) and Franklin FTSE Brazil ETF (FLBR). 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	FLBR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.21	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.66	—
Martin ratio: Return relative to average drawdown	—	4.78	—

Drawdowns

OTGL vs. FLBR - Drawdown Comparison

The maximum OTGL drawdown since its inception was -13.52%, smaller than the maximum FLBR drawdown of -57.42%. Use the drawdown chart below to compare losses from any high point for OTGL and FLBR.

Drawdown Indicators

	OTGL	FLBR	Difference
Max Drawdown Largest peak-to-trough decline	-13.52%	-57.42%	+43.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.31%	—
Current Drawdown Current decline from peak	-9.20%	-17.50%	+8.30%
Average Drawdown Average peak-to-trough decline	-3.31%	-18.60%	+15.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.38%	—

Volatility

Volatility by Period

	OTGL	FLBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.23%	25.32%	-6.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	27.73%	-8.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	33.02%	-13.79%

OTGL vs. FLBR - Expense Ratio Comparison

OTGL has a 0.95% expense ratio, which is higher than FLBR's 0.19% expense ratio.

Dividends

OTGL vs. FLBR - Dividend Comparison

OTGL's dividend yield for the trailing twelve months is around 2.83%, less than FLBR's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLBR Franklin FTSE Brazil ETF	4.80%	7.71%	7.68%	8.84%	11.99%	8.71%	2.32%	3.42%	3.72%	0.42%
OTGL OTG Latin America ETF	2.83%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OTGL and FLBR in my portfolio?

OTGL and FLBR have a correlation of 0.82, 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 FLBR?

On fees, FLBR is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OTGL or FLBR?

FLBR is cheaper with a 0.19% expense ratio, compared with 0.95% for OTGL.

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

FLBR has the higher dividend yield at 4.80%, compared with 2.83% for OTGL.

What is the main difference between OTGL and FLBR?

OTGL tracks Actively Managed, while FLBR tracks FTSE Brazil RIC Capped Index. They also come from different issuers: OTG and Franklin Templeton. Their fees differ too: 0.95% for OTGL and 0.19% for FLBR.