SLANX vs. PRLAX

Last updated Jun 25, 2026

SLANX (DWS Latin America Equity Fund Class A) and PRLAX (T. Rowe Price Latin America Fund) are both Latin America Equities funds. Over the past 10 years, SLANX returned 10.97%/yr vs 7.33%/yr for PRLAX. With a 0.96 correlation, they move nearly in lockstep. SLANX charges 1.51%/yr vs 1.46%/yr for PRLAX.

Performance

SLANX vs. PRLAX - Performance Comparison

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

Returns By Period

In the year-to-date period, SLANX achieves a 7.33% return, which is significantly higher than PRLAX's 6.47% return. Over the past 10 years, SLANX has outperformed PRLAX with an annualized return of 10.97%, while PRLAX has yielded a comparatively lower 7.33% annualized return.

SLANX

• 1D: -0.93%
• 1M: -3.40%
• YTD: 7.33%
• 6M: 7.17%
• 1Y: 25.62%
• 3Y*: 9.81%
• 5Y*: 6.39%
• 10Y*: 10.97%

PRLAX

• 1D: -1.05%
• 1M: -1.92%
• YTD: 6.47%
• 6M: 6.18%
• 1Y: 23.25%
• 3Y*: 9.21%
• 5Y*: 4.81%
• 10Y*: 7.33%

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

SLANX vs. PRLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLANX DWS Latin America Equity Fund Class A	7.33%	54.13%	-28.52%	33.24%	8.08%	-9.06%	0.70%	35.56%	-2.82%	32.20%
PRLAX T. Rowe Price Latin America Fund	6.47%	45.79%	-23.09%	34.73%	0.23%	-14.98%	-7.55%	27.23%	-8.27%	28.54%

Correlation

The correlation between SLANX 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 2, 2002	0.96

The correlation between SLANX and PRLAX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

SLANX vs. PRLAX — Risk / Return Rank

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

SLANX

SLANX Risk / Return Rank: 26
SLANX Sharpe Ratio Rank: 25
SLANX Sortino Ratio Rank: 24
SLANX Omega Ratio Rank: 25
SLANX Calmar Ratio Rank: 33
SLANX Martin Ratio Rank: 26

PRLAX

PRLAX Risk / Return Rank: 24
PRLAX Sharpe Ratio Rank: 22
PRLAX Sortino Ratio Rank: 21
PRLAX Omega Ratio Rank: 21
PRLAX Calmar Ratio Rank: 30
PRLAX Martin Ratio Rank: 23

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.

SLANX vs. PRLAX - Risk-Adjusted Trends Comparison

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

	SLANX	PRLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.17	+0.07
Sortino ratio: Return per unit of downside risk	1.77	1.67	+0.11
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.97	1.85	+0.12
Martin ratio: Return relative to average drawdown	5.41	4.97	+0.44

SLANX vs. PRLAX - Sharpe Ratio Comparison

The current SLANX Sharpe Ratio is 1.24, which is comparable to the PRLAX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of SLANX and PRLAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLANX vs. PRLAX - Drawdown Comparison

The maximum SLANX drawdown since its inception was -70.73%, roughly equal to the maximum PRLAX drawdown of -70.03%. Use the drawdown chart below to compare losses from any high point for SLANX and PRLAX.

Drawdown Indicators

	SLANX	PRLAX	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-70.03%	-0.70%
Max Drawdown (1Y) Largest decline over 1 year	-13.70%	-13.94%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-29.63%	-23.60%	-6.03%
Max Drawdown (5Y) Largest decline over 5 years	-29.92%	-29.69%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-50.91%	-49.80%	-1.11%
Current Drawdown Current decline from peak	-11.93%	-11.07%	-0.86%
Average Drawdown Average peak-to-trough decline	-23.27%	-23.79%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	5.19%	-0.21%

Volatility

SLANX vs. PRLAX - Volatility Comparison

DWS Latin America Equity Fund Class A (SLANX) and T. Rowe Price Latin America Fund (PRLAX) have volatilities of 6.10% and 6.05%, 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.

Volatility by Period

	SLANX	PRLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	6.05%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	17.74%	18.07%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	21.76%	22.00%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.29%	23.00%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.96%	25.65%	+1.31%

SLANX vs. PRLAX - Expense Ratio Comparison

SLANX has a 1.51% expense ratio, which is higher than PRLAX's 1.46% expense ratio.

Dividends

SLANX vs. PRLAX - Dividend Comparison

SLANX's dividend yield for the trailing twelve months is around 3.87%, less than PRLAX's 6.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRLAX T. Rowe Price Latin America Fund	6.66%	7.09%	7.84%	2.44%	3.10%	9.92%	1.09%	10.55%	2.41%	1.30%	1.45%	6.65%
SLANX DWS Latin America Equity Fund Class A	3.87%	4.15%	5.13%	3.14%	7.15%	14.19%	0.00%	0.00%	0.00%	4.21%	1.57%	0.00%

Frequently Asked Questions

Can I hold both SLANX and PRLAX in my portfolio?

With a correlation of 0.94, SLANX 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.

Which is riskier, SLANX or PRLAX?

SLANX has higher volatility (6.10%) compared to PRLAX (6.05%). In terms of maximum drawdown, SLANX dropped -70.73% vs PRLAX's -70.03%.

Which has better risk-adjusted returns?

SLANX currently has the higher Sharpe Ratio (1.24 vs 1.17), 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.