SLAFX vs. FLFAX

Last updated Apr 1, 2026

Compare and contrast key facts about DWS Latin America Equity Fund (SLAFX) and Fidelity Advisor Latin America Fund Class A (FLFAX).

SLAFX is managed by DWS. It was launched on Dec 7, 1992. FLFAX is managed by Fidelity. It was launched on Sep 28, 2010.

Performance

SLAFX vs. FLFAX - Performance Comparison

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

SLAFX vs. FLFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLAFX DWS Latin America Equity Fund	7.91%	54.49%	-28.35%	33.60%	8.33%	-8.82%	0.94%	35.92%	-2.59%	32.53%
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

SLAFX

• 1D: 0.31%
• 1M: -8.43%
• YTD: 7.91%
• 6M: 15.53%
• 1Y: 45.40%
• 3Y*: 15.59%
• 5Y*: 10.68%
• 10Y*: 11.72%

FLFAX

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

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

SLAFX vs. FLFAX - Expense Ratio Comparison

SLAFX has a 1.26% expense ratio, which is lower than FLFAX's 1.33% expense ratio.

FLFAX

Fidelity Advisor Latin America Fund Class A

SLAFX

DWS Latin America Equity Fund

Return for Risk

SLAFX vs. FLFAX — Risk / Return Rank

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

SLAFX

SLAFX Risk / Return Rank: 90
SLAFX Sharpe Ratio Rank: 89
SLAFX Sortino Ratio Rank: 86
SLAFX Omega Ratio Rank: 86
SLAFX Calmar Ratio Rank: 95
SLAFX Martin Ratio Rank: 93

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.

SLAFX vs. FLFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Latin America Equity Fund (SLAFX) 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.

	SLAFX	FLFAX	Difference
Sharpe ratio Return per unit of total volatility	1.85	—	—
Sortino ratio Return per unit of downside risk	2.28	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	3.34	—	—
Martin ratio Return relative to average drawdown	11.43	—	—
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

	SLAFX	FLFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	—	—

Correlation

The correlation between SLAFX and FLFAX is 0.89, 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

SLAFX vs. FLFAX - Dividend Comparison

SLAFX's dividend yield for the trailing twelve months is around 3.79%, while FLFAX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLAFX DWS Latin America Equity Fund	3.79%	4.09%	5.41%	3.40%	7.44%	14.43%	0.00%	0.11%	0.00%	4.47%	1.82%	0.00%
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

	SLAFX	FLFAX	Difference
Max Drawdown Largest peak-to-trough decline	-70.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.90%	—	—
Current Drawdown Current decline from peak	-9.60%	—	—
Average Drawdown Average peak-to-trough decline	-22.30%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	—	—

Volatility

Volatility by Period

	SLAFX	FLFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.14%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.02%	—	—