SLAFX vs. PRLAX
SLAFX (DWS Latin America Equity Fund) and PRLAX (T. Rowe Price Latin America Fund) are both Latin America Equities funds. Over the past 10 years, SLAFX returned 11.15%/yr vs 7.25%/yr for PRLAX. With a 0.96 correlation, they move nearly in lockstep. SLAFX charges 1.26%/yr vs 1.46%/yr for PRLAX.
Performance
SLAFX vs. PRLAX - Performance Comparison
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Returns By Period
In the year-to-date period, SLAFX achieves a 7.72% return, which is significantly higher than PRLAX's 7.06% return. Over the past 10 years, SLAFX has outperformed PRLAX with an annualized return of 11.15%, while PRLAX has yielded a comparatively lower 7.25% annualized return.
SLAFX
- 1D
- -1.10%
- 1M
- -3.17%
- YTD
- 7.72%
- 6M
- 9.63%
- 1Y
- 27.23%
- 3Y*
- 9.88%
- 5Y*
- 7.63%
- 10Y*
- 11.15%
PRLAX
- 1D
- -0.50%
- 1M
- -1.38%
- YTD
- 7.06%
- 6M
- 8.73%
- 1Y
- 26.15%
- 3Y*
- 9.25%
- 5Y*
- 5.57%
- 10Y*
- 7.25%
SLAFX vs. PRLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLAFX DWS Latin America Equity Fund | 7.72% | 54.49% | -28.35% | 33.60% | 8.33% | -8.82% | 0.94% | 35.92% | -2.59% | 32.53% |
PRLAX T. Rowe Price Latin America Fund | 7.06% | 45.79% | -23.09% | 34.73% | 0.23% | -14.98% | -7.55% | 27.23% | -8.27% | 28.54% |
Correlation
The correlation between SLAFX and PRLAX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.96 |
The correlation between SLAFX and PRLAX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
SLAFX vs. PRLAX — Risk / Return Rank
SLAFX
PRLAX
SLAFX vs. PRLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Latin America Equity Fund (SLAFX) and T. Rowe Price Latin America Fund (PRLAX). 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.
| SLAFX | PRLAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.78 | +0.10 |
| Martin ratioReturn relative to average drawdown | 5.25 | 4.84 | +0.40 |
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Drawdowns
SLAFX vs. PRLAX - Drawdown Comparison
The maximum SLAFX drawdown since its inception was -70.68%, roughly equal to the maximum PRLAX drawdown of -70.03%. Use the drawdown chart below to compare losses from any high point for SLAFX and PRLAX.
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Drawdown Indicators
| SLAFX | PRLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.68% | -70.03% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -13.94% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -23.60% | -5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.87% | -30.74% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -50.90% | -49.80% | -1.10% |
Current DrawdownCurrent decline from peak | -11.70% | -10.58% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -23.80% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 5.11% | -0.25% |
Volatility
SLAFX vs. PRLAX - Volatility Comparison
DWS Latin America Equity Fund (SLAFX) and T. Rowe Price Latin America Fund (PRLAX) have volatilities of 6.44% and 6.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLAFX | PRLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 6.46% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.02% | 18.14% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.78% | 22.00% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 22.99% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.98% | 25.69% | +1.29% |
SLAFX vs. PRLAX - Expense Ratio Comparison
SLAFX has a 1.26% expense ratio, which is lower than PRLAX's 1.46% expense ratio.
Dividends
SLAFX vs. PRLAX - Dividend Comparison
SLAFX's dividend yield for the trailing twelve months is around 3.79%, less than PRLAX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRLAX T. Rowe Price Latin America Fund | 6.63% | 7.09% | 7.84% | 2.44% | 3.10% | 9.92% | 1.09% | 10.55% | 2.41% | 1.30% | 1.45% | 6.65% |
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% |
Frequently Asked Questions
With a correlation of 0.94, SLAFX and PRLAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRLAX has higher volatility (6.46%) compared to SLAFX (6.44%). In terms of maximum drawdown, SLAFX dropped -70.68% vs PRLAX's -70.03%.
SLAFX currently has the higher Sharpe Ratio (1.18 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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