OTGL vs. FLMX

Last updated Jul 14, 2026

OTGL (OTG Latin America ETF) and FLMX (Franklin FTSE Mexico ETF) are both Latin America Equities funds - OTGL tracks the Actively Managed while FLMX tracks the FTSE Mexico RIC Capped Index. Both are passively managed. Over the past year, OTGL returned 21.65% vs 27.96% for FLMX. A 0.70 correlation means they provide meaningful diversification when combined. OTGL charges 0.95%/yr vs 0.19%/yr for FLMX.

Performance

OTGL vs. FLMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OTG Latin America ETF (OTGL) and Franklin FTSE Mexico ETF (FLMX). 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 FLMX's 8.80% return.

OTGL

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

FLMX

• 1D: -1.04%
• 1M: -4.34%
• 6M: 4.69%
• YTD: 8.80%
• 1Y: 27.96%
• 3Y*: 8.67%
• 5Y*: 12.77%
• 10Y*: —

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

OTGL vs. FLMX - Yearly Performance Comparison

	2026 (YTD)	2025
OTGL OTG Latin America ETF	7.05%	13.64%
FLMX Franklin FTSE Mexico ETF	8.80%	17.61%

Correlation

The correlation between OTGL and FLMX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.70

Return for Risk

OTGL vs. FLMX — 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.

FLMX

FLMX Risk / Return Rank: 47
FLMX Sharpe Ratio Rank: 46
FLMX Sortino Ratio Rank: 47
FLMX Omega Ratio Rank: 44
FLMX Calmar Ratio Rank: 50
FLMX Martin Ratio Rank: 49

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. FLMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OTG Latin America ETF (OTGL) and Franklin FTSE Mexico ETF (FLMX). 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	FLMX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.29	—
Sortino ratio: Return per unit of downside risk	—	1.89	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.98	—
Martin ratio: Return relative to average drawdown	—	6.59	—

Drawdowns

OTGL vs. FLMX - Drawdown Comparison

The maximum OTGL drawdown since its inception was -13.52%, smaller than the maximum FLMX drawdown of -50.05%. Use the drawdown chart below to compare losses from any high point for OTGL and FLMX.

Drawdown Indicators

	OTGL	FLMX	Difference
Max Drawdown Largest peak-to-trough decline	-13.52%	-50.05%	+36.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-14.18%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.72%	—
Current Drawdown Current decline from peak	-7.75%	-7.52%	-0.23%
Average Drawdown Average peak-to-trough decline	-3.60%	-11.97%	+8.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.26%	—

Volatility

Volatility by Period

	OTGL	FLMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	21.78%	-2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	22.09%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	24.64%	-5.67%

OTGL vs. FLMX - Expense Ratio Comparison

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

Dividends

OTGL vs. FLMX - Dividend Comparison

OTGL's dividend yield for the trailing twelve months is around 2.78%, less than FLMX's 3.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLMX Franklin FTSE Mexico ETF	3.93%	3.99%	3.31%	2.90%	4.22%	3.15%	1.48%	2.95%	2.51%	0.31%
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%

Frequently Asked Questions

Can I hold both OTGL and FLMX in my portfolio?

OTGL and FLMX have a correlation of 0.70, 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 FLMX?

On 1-year performance, FLMX leads with 27.96% vs 21.65% for OTGL. On fees, FLMX is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OTGL or FLMX?

Over the 1-year period, FLMX has performed better with a 27.96% 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 FLMX?

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

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

FLMX has the higher dividend yield at 3.93%, compared with 2.78% for OTGL.

What is the main difference between OTGL and FLMX?

OTGL tracks Actively Managed, while FLMX tracks FTSE Mexico 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 FLMX.