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ECH vs. FLN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECH vs. FLN

Last updated Aug 2, 2026
Documentation

ECH (iShares MSCI Chile ETF) and FLN (First Trust Latin America AlphaDEX Fund) are both Latin America Equities funds - ECH tracks the MSCI Chile Investable Market Index while FLN tracks the NASDAQ AlphaDEX Latin America Index. Both are passively managed. Over the past 10 years, ECH returned 3.52%/yr vs 8.57%/yr for FLN. Their 0.57 correlation means they have sometimes moved together and sometimes differently. ECH charges 0.59%/yr vs 0.80%/yr for FLN.

Performance

ECH vs. FLN - Performance Comparison

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

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Returns By Period

In the year-to-date period, ECH achieves a -1.11% return, which is significantly lower than FLN's 17.41% return. Over the past 10 years, ECH has underperformed FLN with an annualized return of 3.52%, while FLN has yielded a comparatively higher 8.57% annualized return.

ECH

1D
-1.23%
1M
0.51%
6M
-11.69%
YTD
-1.11%
1Y
33.73%
3Y*
11.11%
5Y*
12.16%
10Y*
3.52%
ALL TIME*
1.35%

FLN

1D
0.13%
1M
6.17%
6M
2.90%
YTD
17.41%
1Y
43.03%
3Y*
14.16%
5Y*
11.48%
10Y*
8.57%
ALL TIME*
2.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ECH

iShares MSCI Chile ETF
$9.62M$13.53M$17.14M

FLN

First Trust Latin America AlphaDEX Fund
$475.23K$413.66K$369.03K

ECH vs. FLN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ECH
iShares MSCI Chile ETF		-1.11%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-18.98%41.79%
FLN
First Trust Latin America AlphaDEX Fund		17.41%55.05%-23.10%29.68%2.73%-6.94%-12.27%27.22%-8.31%21.54%

Correlation

The correlation between ECH and FLN is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.71

Correlation (3Y)
Balances recent behavior with more history.

0.65

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.61

Correlation (10Y)
Provides a long-term view across more market conditions.

0.60

Correlation (All Time)
Calculated using the full available price history since Apr 20, 2011

0.57

The correlation between ECH and FLN shifts across timeframes, from 0.57 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

ECH vs. FLN - Sectors Allocation Comparison

Sectors
ECH
FLN

Financial Services

22.9%
24.6%

Basic Materials

18.4%
11.9%

Industrials

16.6%
12.5%

Utilities

13.0%
16.9%

Consumer Cyclical

12.4%
5.4%

Real Estate

7.6%
5.0%

Consumer Defensive

7.5%
7.8%

Communication Services

1.7%
6.8%

Energy

-

8.6%

Healthcare

-

0.5%

Technology

-

2.1%

Financial Services

ECH
22.9%
FLN
24.6%

Basic Materials

ECH
18.4%
FLN
11.9%

Industrials

ECH
16.6%
FLN
12.5%

Utilities

ECH
13.0%
FLN
16.9%

Consumer Cyclical

ECH
12.4%
FLN
5.4%

Real Estate

ECH
7.6%
FLN
5.0%

Consumer Defensive

ECH
7.5%
FLN
7.8%

Communication Services

ECH
1.7%
FLN
6.8%

Energy

ECH

-

FLN
8.6%

Healthcare

ECH

-

FLN
0.5%

Technology

ECH

-

FLN
2.1%

Compare stocks, funds, or ETFs

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

iShares MSCI Chile ETF

First Trust Latin America AlphaDEX Fund

Often compared with ECH:
ECH vs. EWZECH vs. EWWECH vs. EPUECH vs. EWZSECH vs. EPOLECH vs. EWYECH vs. SCHD
Often compared with FLN:
FLN vs. ILFFLN vs. BRFFLN vs. FLLAFLN vs. BRAZFLN vs. EWZFLN vs. CHILXFLN vs. VOO

Return for Risk

ECH vs. FLN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ECH
ECH Risk / Return Rank: 4949
Overall Rank
ECH Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 5454
Sortino Ratio Rank
ECH Omega Ratio Rank: 5252
Omega Ratio Rank
ECH Calmar Ratio Rank: 4949
Calmar Ratio Rank
ECH Martin Ratio Rank: 3535
Martin Ratio Rank
FLN
FLN Risk / Return Rank: 8181
Overall Rank
FLN Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
FLN Sortino Ratio Rank: 8282
Sortino Ratio Rank
FLN Omega Ratio Rank: 8383
Omega Ratio Rank
FLN Calmar Ratio Rank: 8585
Calmar Ratio Rank
FLN Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ECH vs. FLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) and First Trust Latin America AlphaDEX Fund (FLN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ECHFLNDifference
Sharpe ratioReturn per unit of total volatility
1.35
2.05

-0.70

Sortino ratioReturn per unit of downside risk
1.88
2.67

-0.79

Omega ratioGain probability vs. loss probability

1.23

1.35

-0.12

Calmar ratioReturn relative to maximum drawdown

1.75

3.31

-1.56

Martin ratioReturn relative to average drawdown

3.55

8.47

-4.92

ECH vs. FLN - Sharpe Ratio Comparison

The current ECH Sharpe Ratio is 1.35, which is lower than the FLN Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of ECH and FLN, 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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Drawdowns

ECH vs. FLN - Drawdown Comparison

The maximum ECH drawdown since its inception was -74.08%, which is greater than FLN's maximum drawdown of -57.95%. Use the drawdown chart below to compare losses from any high point for ECH and FLN.

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Drawdown Indicators

ECHFLNDifference

Max Drawdown

Largest peak-to-trough decline

-74.08%

-57.95%

-16.13%

Max Drawdown (1Y)

Largest decline over 1 year

-19.74%

-13.10%

-6.64%

Max Drawdown (3Y)

Largest decline over 3 years

-20.51%

-25.23%

+4.72%

Max Drawdown (5Y)

Largest decline over 5 years

-25.59%

-25.95%

+0.36%

Max Drawdown (10Y)

Largest decline over 10 years

-66.89%

-57.75%

-9.14%

Current Drawdown

Current decline from peak

-26.52%

-5.37%

-21.15%

Average Drawdown

Average peak-to-trough decline

-37.41%

-18.79%

-18.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.71%

5.11%

+4.60%

Volatility

ECH vs. FLN - Volatility Comparison

iShares MSCI Chile ETF (ECH) has a higher volatility of 6.38% compared to First Trust Latin America AlphaDEX Fund (FLN) at 4.97%. This indicates that ECH's price experiences larger fluctuations and is considered to be riskier than FLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ECHFLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.38%

4.97%

+1.41%

Volatility (6M)

Calculated over the trailing 6-month period

21.15%

17.32%

+3.83%

Volatility (1Y)

Calculated over the trailing 1-year period

25.69%

21.23%

+4.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.49%

22.53%

+4.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.22%

27.45%

-0.23%

ECH vs. FLN - Expense Ratio Comparison

ECH has a 0.59% expense ratio, which is lower than FLN's 0.80% expense ratio.

Dividends

ECH vs. FLN - Dividend Comparison

ECH's dividend yield for the trailing twelve months is around 2.00%, less than FLN's 3.38% yield.

PositionTTM20252024202320222021202020192018201720162015
ECH
iShares MSCI Chile ETF		2.00%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%
FLN
First Trust Latin America AlphaDEX Fund		3.38%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

ECH and FLN have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (6.38%) compared to FLN (4.97%). In terms of maximum drawdown, ECH dropped -74.08% vs FLN's -57.95%.

On 10-year performance, FLN leads with 8.57% vs 3.52% for ECH. On fees, ECH is cheaper at 0.59% per year. On volatility, FLN has been the lower-risk option at 4.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FLN has performed better with a 8.57% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ECH is cheaper with a 0.59% expense ratio, compared with 0.80% for FLN.

FLN has the higher dividend yield at 3.38%, compared with 2.00% for ECH.

ECH tracks MSCI Chile Investable Market Index, while FLN tracks NASDAQ AlphaDEX Latin America Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.59% for ECH and 0.80% for FLN.

FLN currently has the higher Sharpe Ratio (2.05 vs 1.35), 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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