- ISIN
- US33737J2327
- CUSIP
- 33737J232
- Issuer
- First Trust
- Inception Date
- Feb 14, 2012
- Region
- North America (U.S.)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ AlphaDEX Switzerland Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $42M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FSZ Performance Chart
First Trust Switzerland AlphaDEX Fund (FSZ) is up 2.0% since the beginning of the year. FSZ is currently trading at $81 per share. Investors who bought $1,000 worth of FSZ shares 5 years ago would now be looking at an investment worth $1,334.
Loading charts...
Returns By Period
First Trust Switzerland AlphaDEX Fund (FSZ) has returned 2.04% so far this year and 9.94% over the past 12 months. Over the last ten years, FSZ has returned 9.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
First Trust Switzerland AlphaDEX Fund
- 1D
- -0.66%
- 1M
- 1.60%
- YTD
- 2.04%
- 6M
- 6.03%
- 1Y
- 9.94%
- 3Y*
- 12.14%
- 5Y*
- 5.94%
- 10Y*
- 9.42%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FSZ Monthly Returns History
Based on dividend-adjusted daily data since Feb 16, 2012, FSZ's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +11.4%, while the worst month was Mar 2020 at -14.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FSZ closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.8%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.45% | 3.71% | -7.05% | 2.05% | 2.93% | -2.59% | 2.04% | ||||||
| 2025 | 5.66% | 1.56% | 0.55% | 6.33% | 5.70% | 2.10% | 0.80% | 2.39% | -2.69% | 0.26% | 0.86% | 3.48% | 30.10% |
| 2024 | -3.99% | 0.22% | 1.79% | -5.42% | 8.51% | 0.16% | 3.26% | 4.04% | 1.76% | -5.48% | -0.95% | -4.77% | -1.85% |
| 2023 | 8.20% | -1.53% | 4.43% | 4.04% | -5.03% | 1.84% | 4.70% | -2.51% | -5.87% | -3.94% | 10.86% | 5.89% | 21.30% |
| 2022 | -5.93% | -4.19% | 0.64% | -6.76% | -5.47% | -4.74% | 4.61% | -6.88% | -9.46% | 5.99% | 10.35% | 1.68% | -20.12% |
| 2021 | 0.23% | 0.64% | 1.84% | 3.75% | 5.48% | -1.20% | 5.39% | 1.17% | -7.19% | 6.11% | -2.12% | 5.27% | 20.18% |
Benchmark Metrics
First Trust Switzerland AlphaDEX Fund has an annualized alpha of 1.16%, beta of 0.70, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since February 17, 2012.
- This ETF participated in 89.47% of S&P 500 Index downside but only 77.98% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.70 may look defensive, but with R2 of 0.42 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.16%
- Beta
- 0.70
- R²
- 0.42
- Upside Capture
- 77.98%
- Downside Capture
- 89.47%
Expense Ratio
FSZ has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSZ ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Switzerland AlphaDEX Fund (FSZ) and compare them to S&P 500 Index.
| FSZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.93 | -1.97 |
| Martin ratioReturn relative to average drawdown | 2.41 | 13.52 | -11.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
First Trust Switzerland AlphaDEX Fund provided a 2.39% dividend yield over the last twelve months, with an annual payout of $1.94 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.94 | $1.44 | $1.13 | $1.37 | $1.92 | $1.16 | $0.92 | $1.09 | $1.00 | $0.78 | $0.79 | $0.43 |
Dividend yield | 2.39% | 1.80% | 1.80% | 2.11% | 3.50% | 1.62% | 1.53% | 2.01% | 2.29% | 1.49% | 1.93% | 1.08% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Switzerland AlphaDEX Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.00 | $0.54 | ||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $1.44 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $1.13 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.37 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.09 | $1.92 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.35 | $1.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Switzerland AlphaDEX Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Switzerland AlphaDEX Fund was 33.97%, occurring on Mar 16, 2020. Recovery took 119 trading sessions.
The current First Trust Switzerland AlphaDEX Fund drawdown is 5.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.97%Mar 2020 | 1mo 23d | 5mo 20d | 7mo 13dJan 2020 - Sep 2020 |
Bear market2022 | -33.96%Oct 2022 | 9mo 16d | 1y 9mo | 2y 6moDec 2021 - Jul 2024 |
Rate-hike selloffLate 2018 | -24.01%Dec 2018 | 10mo 29d | 1y 9d | 1y 11moJan 2018 - Jan 2020 |
2016 correction2016 | -19.04%Feb 2016 | 1y 9mo | 11mo 26d | 2y 9moMay 2014 - Feb 2017 |
2012 correction2012 | -17.37%Jun 2012 | 2mo 16d | 3mo 11d | 5mo 27dMar 2012 - Sep 2012 |
Drawdown Indicators
| FSZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -56.78% | +22.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -9.10% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -13.93% | -18.90% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -33.96% | -25.43% | -8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -33.92% | -0.05% |
Current DrawdownCurrent decline from peak | -5.11% | -0.74% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -10.72% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 1.97% | +2.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FSZ
Add First Trust Switzerland AlphaDEX Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FSZ