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FLN vs. FLLA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLN vs. FLLA

Last updated Jun 5, 2026

FLN (First Trust Latin America AlphaDEX Fund) and FLLA (Franklin FTSE Latin America ETF) are both Latin America Equities funds - FLN tracks the NASDAQ AlphaDEX Latin America Index while FLLA tracks the FTSE Latin America RIC Capped Index. Both are passively managed. Over the past 5 years, FLN returned 8.88%/yr vs 7.77%/yr for FLLA. Their correlation of 0.84 suggests significant overlap in exposure. FLN charges 0.80%/yr vs 0.19%/yr for FLLA.

Performance

FLN vs. FLLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Latin America AlphaDEX Fund (FLN) and Franklin FTSE Latin America ETF (FLLA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLN achieves a 11.14% return, which is significantly lower than FLLA's 12.50% return.

FLN

1D
-0.47%
1M
-7.47%
YTD
11.14%
6M
9.70%
1Y
35.87%
3Y*
15.54%
5Y*
8.88%
10Y*
9.80%

FLLA

1D
-0.11%
1M
-7.38%
YTD
12.50%
6M
10.42%
1Y
35.33%
3Y*
13.65%
5Y*
7.77%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLN vs. FLLA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FLN
First Trust Latin America AlphaDEX Fund		11.14%55.05%-23.10%29.68%2.73%-6.94%-12.27%27.22%-3.18%
FLLA
Franklin FTSE Latin America ETF		12.50%51.81%-26.89%32.71%7.78%-8.93%-15.08%19.59%-2.78%

Correlation

The correlation between FLN and FLLA is 0.93, 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

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2018

0.84

The correlation between FLN and FLLA has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

FLN vs. FLLA - Sectors Allocation Comparison

Sectors
FLN
FLLA

Financial Services

23.4%
25.9%

Utilities

16.9%
9.8%

Industrials

12.4%
9.2%

Basic Materials

12.0%
19.3%

Energy

10.2%
11.3%

Consumer Defensive

7.2%
11.0%

Communication Services

7.1%
3.9%

Consumer Cyclical

5.4%
2.8%

Real Estate

4.7%
3.0%

Technology

2.1%
0.4%

Healthcare

0.6%
1.6%

Financial Services

FLN
23.4%
FLLA
25.9%

Utilities

FLN
16.9%
FLLA
9.8%

Industrials

FLN
12.4%
FLLA
9.2%

Basic Materials

FLN
12.0%
FLLA
19.3%

Energy

FLN
10.2%
FLLA
11.3%

Consumer Defensive

FLN
7.2%
FLLA
11.0%

Communication Services

FLN
7.1%
FLLA
3.9%

Consumer Cyclical

FLN
5.4%
FLLA
2.8%

Real Estate

FLN
4.7%
FLLA
3.0%

Technology

FLN
2.1%
FLLA
0.4%

Healthcare

FLN
0.6%
FLLA
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Latin America AlphaDEX Fund

Franklin FTSE Latin America ETF

Often compared with FLN:
FLN vs. ILFFLN vs. BRFFLN vs. BRAZFLN vs. EWZFLN vs. CHILXFLN vs. fllaFLN vs. VOO
Often compared with FLLA:
FLLA vs. ILFFLLA vs. FLBRFLLA vs. ASEAFLLA vs. USDUFLLA vs. FTGCFLLA vs. EMCRFLLA vs. FLIN

Return for Risk

FLN vs. FLLA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLN
FLN Risk / Return Rank: 5353
Overall Rank
FLN Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
FLN Sortino Ratio Rank: 4747
Sortino Ratio Rank
FLN Omega Ratio Rank: 4949
Omega Ratio Rank
FLN Calmar Ratio Rank: 6565
Calmar Ratio Rank
FLN Martin Ratio Rank: 5353
Martin Ratio Rank
FLLA
FLLA Risk / Return Rank: 5151
Overall Rank
FLLA Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
FLLA Sortino Ratio Rank: 4646
Sortino Ratio Rank
FLLA Omega Ratio Rank: 4747
Omega Ratio Rank
FLLA Calmar Ratio Rank: 6262
Calmar Ratio Rank
FLLA Martin Ratio Rank: 5252
Martin Ratio Rank
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.

FLN vs. FLLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) and Franklin FTSE Latin America ETF (FLLA). 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.

FLNFLLADifference
Sharpe ratioReturn per unit of total volatility
1.72
1.66

+0.06

Sortino ratioReturn per unit of downside risk
2.29
2.24

+0.06

Omega ratioGain probability vs. loss probability

1.30

1.29

+0.01

Calmar ratioReturn relative to maximum drawdown

3.16

3.06

+0.09

Martin ratioReturn relative to average drawdown

8.84

8.60

+0.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLN vs. FLLA - Sharpe Ratio Comparison

The current FLN Sharpe Ratio is 1.72, which is comparable to the FLLA Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FLN and FLLA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FLNFLLADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

1.66

+0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

0.34

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.23

-0.15

Drawdowns

FLN vs. FLLA - Drawdown Comparison

The maximum FLN drawdown since its inception was -57.95%, which is greater than FLLA's maximum drawdown of -53.88%. Use the drawdown chart below to compare losses from any high point for FLN and FLLA.

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Drawdown Indicators

FLNFLLADifference

Max Drawdown

Largest peak-to-trough decline

-57.95%

-53.88%

-4.07%

Max Drawdown (1Y)

Largest decline over 1 year

-11.42%

-11.59%

+0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-25.23%

-27.76%

+2.53%

Max Drawdown (5Y)

Largest decline over 5 years

-25.95%

-28.32%

+2.37%

Max Drawdown (10Y)

Largest decline over 10 years

-57.75%

—

—

Current Drawdown

Current decline from peak

-10.42%

-11.06%

+0.64%

Average Drawdown

Average peak-to-trough decline

-18.90%

-13.48%

-5.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.07%

4.12%

-0.05%

Volatility

FLN vs. FLLA - Volatility Comparison

First Trust Latin America AlphaDEX Fund (FLN) and Franklin FTSE Latin America ETF (FLLA) have volatilities of 6.08% and 6.22%, 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

FLNFLLADifference

Volatility (1M)

Calculated over the trailing 1-month period

6.08%

6.22%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

18.21%

18.17%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

20.96%

21.33%

-0.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.58%

22.80%

-0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.64%

27.53%

+0.11%

FLN vs. FLLA - Expense Ratio Comparison

FLN has a 0.80% expense ratio, which is higher than FLLA's 0.19% expense ratio.

Dividends

FLN vs. FLLA - Dividend Comparison

FLN's dividend yield for the trailing twelve months is around 3.61%, less than FLLA's 5.39% yield.

PositionTTM20252024202320222021202020192018201720162015
FLLA
Franklin FTSE Latin America ETF		5.39%6.06%7.04%5.45%9.55%7.60%2.12%3.18%0.48%0.00%0.00%0.00%
FLN
First Trust Latin America AlphaDEX Fund		3.61%3.40%6.26%4.17%5.57%4.70%1.64%1.91%3.08%10.28%1.06%2.34%

Frequently Asked Questions

With a correlation of 0.93, FLN and FLLA 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.

FLLA has higher volatility (6.22%) compared to FLN (6.08%). In terms of maximum drawdown, FLN dropped -57.95% vs FLLA's -53.88%.

On 5-year performance, FLN leads with 8.88% vs 7.77% for FLLA. On fees, FLLA is cheaper at 0.19% per year. On volatility, FLN has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLN has performed better with a 8.88% return vs 7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLLA is cheaper with a 0.19% expense ratio, compared with 0.80% for FLN.

FLLA has the higher dividend yield at 5.39%, compared with 3.61% for FLN.

FLN tracks NASDAQ AlphaDEX Latin America Index, while FLLA tracks FTSE Latin America RIC Capped Index. They also come from different issuers: First Trust and Franklin Templeton. Their fees differ too: 0.80% for FLN and 0.19% for FLLA.

FLN currently has the higher Sharpe Ratio (1.72 vs 1.66), 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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