As the U.S. Latino population continues to diversify, it is necessary to understand their experiences of minority status and its implications for well-being. The present cross-sectional study investigates early adolescents' perceptions of public regard for their ethnic group and perceptions of the extent to which opportunity is differentiated by their socioeconomic background (perceived socioeconomic stratification). A comparative approach is taken to examine the extent to which the experiences of Dominican American youth (n = 103) mirrored those of their Black American peers (n = 129). For all youth, more positive public ethnic regard is associated with fewer somatic symptoms, whereas more perceived socioeconomic stratification is associated with more somatic symptoms. For Black youth, in contrast to Dominican youth, lower public regard is associated with higher self-esteem among those who perceives more socioeconomic stratification. Implications for Dominican and Black American youths' experiences of minority status are discussed. (Contains 3 tables, 1 figure and 1 note.)