PRLAX vs. FLFAX

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Latin America Fund (PRLAX) and Fidelity Advisor Latin America Fund Class A (FLFAX).

PRLAX is managed by T. Rowe Price. It was launched on Dec 28, 1993. FLFAX is managed by Fidelity. It was launched on Sep 28, 2010.

Performance

PRLAX vs. FLFAX - Performance Comparison

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

PRLAX vs. FLFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRLAX T. Rowe Price Latin America Fund	7.33%	45.79%	-23.09%	34.73%	0.23%	-14.98%	-7.55%	27.23%	-8.27%	28.54%
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	-19.27%	23.58%	1.05%	-15.81%	-20.81%	40.23%	-10.73%	30.08%

Returns By Period

PRLAX

• 1D: 0.34%
• 1M: -8.09%
• YTD: 7.33%
• 6M: 13.48%
• 1Y: 41.25%
• 3Y*: 15.48%
• 5Y*: 8.17%
• 10Y*: 7.56%

FLFAX

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

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

PRLAX vs. FLFAX - Expense Ratio Comparison

PRLAX has a 1.46% expense ratio, which is higher than FLFAX's 1.33% expense ratio.

PRLAX

T. Rowe Price Latin America Fund

FLFAX

Fidelity Advisor Latin America Fund Class A

Return for Risk

PRLAX vs. FLFAX — Risk / Return Rank

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

PRLAX

PRLAX Risk / Return Rank: 88
PRLAX Sharpe Ratio Rank: 88
PRLAX Sortino Ratio Rank: 86
PRLAX Omega Ratio Rank: 82
PRLAX Calmar Ratio Rank: 92
PRLAX Martin Ratio Rank: 89

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.

PRLAX vs. FLFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Latin America Fund (PRLAX) 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.

	PRLAX	FLFAX	Difference
Sharpe ratio Return per unit of total volatility	1.77	—	—
Sortino ratio Return per unit of downside risk	2.30	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	2.80	—	—
Martin ratio Return relative to average drawdown	9.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PRLAX	FLFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	—	—

Correlation

The correlation between PRLAX and FLFAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PRLAX vs. FLFAX - Dividend Comparison

PRLAX's dividend yield for the trailing twelve months is around 6.61%, while FLFAX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRLAX T. Rowe Price Latin America Fund	6.61%	7.09%	7.84%	2.44%	3.10%	9.92%	1.09%	10.55%	2.41%	1.30%	1.45%	6.65%
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	2.16%	3.91%	8.88%	2.44%	0.01%	2.03%	1.96%	1.18%	2.23%	1.86%

Drawdowns

Drawdown Indicators

	PRLAX	FLFAX	Difference
Max Drawdown Largest peak-to-trough decline	-70.03%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.80%	—	—
Current Drawdown Current decline from peak	-10.28%	—	—
Average Drawdown Average peak-to-trough decline	-23.92%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	—	—

Volatility

Volatility by Period

	PRLAX	FLFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.68%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.72%	—	—