First Trust Switzerland AlphaDEX Fund (FSZ)

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The chart shows the growth of an initial investment of $10,000 in First Trust Switzerland AlphaDEX Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust Switzerland AlphaDEX Fund (FSZ) has returned -0.28% so far this year and 20.25% over the past 12 months. Over the last ten years, FSZ has returned 9.39% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

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, your 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%.

First Trust Switzerland AlphaDEX Fund has an annualized alpha of 1.76%, beta of 0.69, and R² of 0.42 versus S&P 500 Index. Calculated based on daily prices since February 17, 2012.

• This ETF participated in 88.50% of S&P 500 Index downside but only 80.33% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.69 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.

FSZ has an expense ratio of 0.80%, placing it in the medium range.

FSZ ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for First Trust Switzerland AlphaDEX Fund (FSZ) and compare them to a chosen benchmark (S&P 500 Index).

First Trust Switzerland AlphaDEX Fund provided a 2.44% dividend yield over the last twelve months, with an annual payout of $1.94 per share.

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.

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.

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 7.26%.

The chart below shows the rolling one-month volatility.