The following table shows the year-to-date returns of Latin American ADRs listed on the US exchanges:

Source: BNY Mellon

A few observations:

• Pampa Energia(PAM) of Argentina has shot up by nearly 144% so far this year. All Argentina ADRs are on fire this year due to the most likely change in the country’s leadership.
• Among the Latin American airlines, Mexico-based Volaris(VLRS) has performed very well.
• Bancolombia(CIB) has recovered strongly from the lows reached during the September selloff but is still off about 29% year-to-date. The bank is an excellent way to gain exposure to Colombia.
• Brazilian stocks are some of the worst performers. Former high-fliers such as Petrobras and SABESP are trading in the low single digits.

Disclosure: Long BCH,BSAC,BCA,PBR,ITUB,BBD