EWL vs. FSZ
Compare and contrast key facts about iShares MSCI Switzerland ETF (EWL) and First Trust Switzerland AlphaDEX Fund (FSZ).
EWL and FSZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWL is a passively managed fund by iShares that tracks the performance of the MSCI Switzerland Index. It was launched on Mar 12, 1996. FSZ is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Switzerland Index. It was launched on Feb 14, 2012. Both EWL and FSZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWL or FSZ.
Key characteristics
| EWL | FSZ | |
|---|---|---|
| YTD Return | -0.12% | -1.05% |
| 1Y Return | 1.46% | 3.34% |
| 3Y Return (Ann) | 2.76% | 2.22% |
| 5Y Return (Ann) | 8.04% | 8.13% |
| 10Y Return (Ann) | 5.44% | 6.30% |
| Sharpe Ratio | 0.15 | 0.30 |
| Daily Std Dev | 12.65% | 14.54% |
| Max Drawdown | -51.62% | -33.97% |
| Current Drawdown | -5.20% | -4.28% |
Correlation
The correlation between EWL and FSZ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWL vs. FSZ - Performance Comparison
In the year-to-date period, EWL achieves a -0.12% return, which is significantly higher than FSZ's -1.05% return. Over the past 10 years, EWL has underperformed FSZ with an annualized return of 5.44%, while FSZ has yielded a comparatively higher 6.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWL vs. FSZ - Expense Ratio Comparison
EWL has a 0.50% expense ratio, which is lower than FSZ's 0.80% expense ratio.
Risk-Adjusted Performance
EWL vs. FSZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Switzerland ETF (EWL) and First Trust Switzerland AlphaDEX Fund (FSZ). 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.
Dividends
EWL vs. FSZ - Dividend Comparison
EWL's dividend yield for the trailing twelve months is around 2.12%, more than FSZ's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 2.12% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% | 2.49% | 1.83% |
FSZ First Trust Switzerland AlphaDEX Fund | 1.99% | 2.11% | 4.28% | 1.92% | 1.53% | 2.01% | 2.29% | 1.49% | 1.93% | 1.08% | 1.89% | 1.91% |
Drawdowns
EWL vs. FSZ - Drawdown Comparison
The maximum EWL drawdown since its inception was -51.62%, which is greater than FSZ's maximum drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for EWL and FSZ. For additional features, visit the drawdowns tool.
Volatility
EWL vs. FSZ - Volatility Comparison
The current volatility for iShares MSCI Switzerland ETF (EWL) is 3.72%, while First Trust Switzerland AlphaDEX Fund (FSZ) has a volatility of 4.07%. This indicates that EWL experiences smaller price fluctuations and is considered to be less risky than FSZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.