PRLAX vs. ILF
Compare and contrast key facts about T. Rowe Price Latin America Fund (PRLAX) and iShares Latin American 40 ETF (ILF).
PRLAX is managed by T. Rowe Price. It was launched on Dec 28, 1993. ILF is a passively managed fund by iShares that tracks the performance of the S&P Latin America 40 Index. It was launched on Oct 25, 2001.
Performance
PRLAX vs. ILF - Performance Comparison
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PRLAX vs. ILF - 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% |
ILF iShares Latin American 40 ETF | 16.65% | 52.65% | -23.11% | 33.14% | 9.81% | -13.59% | -11.71% | 13.77% | -6.85% | 26.33% |
Returns By Period
In the year-to-date period, PRLAX achieves a 7.33% return, which is significantly lower than ILF's 16.65% return. Over the past 10 years, PRLAX has underperformed ILF with an annualized return of 7.56%, while ILF has yielded a comparatively higher 8.47% annualized return.
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%
ILF
- 1D
- 4.41%
- 1M
- -2.63%
- YTD
- 16.65%
- 6M
- 25.92%
- 1Y
- 58.11%
- 3Y*
- 20.46%
- 5Y*
- 13.16%
- 10Y*
- 8.47%
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PRLAX vs. ILF - Expense Ratio Comparison
PRLAX has a 1.46% expense ratio, which is higher than ILF's 0.48% expense ratio.
Return for Risk
PRLAX vs. ILF — Risk / Return Rank
PRLAX
ILF
PRLAX vs. ILF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Latin America Fund (PRLAX) and iShares Latin American 40 ETF (ILF). 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 | ILF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 2.48 | -0.71 |
Sortino ratioReturn per unit of downside risk | 2.30 | 3.06 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 4.47 | -1.67 |
Martin ratioReturn relative to average drawdown | 9.99 | 15.54 | -5.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRLAX | ILF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.48 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.57 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.30 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.31 | -0.08 |
Correlation
The correlation between PRLAX and ILF is 0.93, 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. ILF - Dividend Comparison
PRLAX's dividend yield for the trailing twelve months is around 6.61%, more than ILF's 3.76% yield.
| 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% |
ILF iShares Latin American 40 ETF | 3.76% | 4.39% | 7.44% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.25% |
Drawdowns
PRLAX vs. ILF - Drawdown Comparison
The maximum PRLAX drawdown since its inception was -70.03%, roughly equal to the maximum ILF drawdown of -67.48%. Use the drawdown chart below to compare losses from any high point for PRLAX and ILF.
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Drawdown Indicators
| PRLAX | ILF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.03% | -67.48% | -2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -12.67% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -29.71% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -49.80% | -57.79% | +7.99% |
Current DrawdownCurrent decline from peak | -10.28% | -4.82% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -24.07% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.65% | +0.17% |
Volatility
PRLAX vs. ILF - Volatility Comparison
The current volatility for T. Rowe Price Latin America Fund (PRLAX) is 10.82%, while iShares Latin American 40 ETF (ILF) has a volatility of 11.60%. This indicates that PRLAX experiences smaller price fluctuations and is considered to be less risky than ILF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRLAX | ILF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 11.60% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 17.30% | 17.90% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.68% | 23.59% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 23.24% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.72% | 28.59% | -2.87% |