FBZ vs. BZQ
Compare and contrast key facts about First Trust Brazil AlphaDEX Fund (FBZ) and ProShares UltraShort MSCI Brazil Capped (BZQ).
FBZ and BZQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBZ is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Brazil Index. It was launched on Apr 18, 2011. BZQ is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil 25-50 (-200%). It was launched on Jun 16, 2009. Both FBZ and BZQ 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: FBZ or BZQ.
Correlation
The correlation between FBZ and BZQ is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBZ vs. BZQ - Performance Comparison
Key characteristics
FBZ:
-0.12
BZQ:
0.23
FBZ:
-0.02
BZQ:
0.66
FBZ:
1.00
BZQ:
1.08
FBZ:
-0.11
BZQ:
0.11
FBZ:
-0.31
BZQ:
0.64
FBZ:
11.75%
BZQ:
16.45%
FBZ:
25.83%
BZQ:
49.55%
FBZ:
-72.41%
BZQ:
-99.61%
FBZ:
-17.40%
BZQ:
-99.50%
Returns By Period
In the year-to-date period, FBZ achieves a 22.08% return, which is significantly higher than BZQ's -35.88% return. Over the past 10 years, FBZ has outperformed BZQ with an annualized return of 4.48%, while BZQ has yielded a comparatively lower -32.98% annualized return.
FBZ
22.08%
17.31%
2.52%
-3.01%
12.41%
4.48%
BZQ
-35.88%
-28.30%
-9.74%
11.11%
-36.20%
-32.98%
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FBZ vs. BZQ - Expense Ratio Comparison
FBZ has a 0.80% expense ratio, which is lower than BZQ's 0.95% expense ratio.
Risk-Adjusted Performance
FBZ vs. BZQ — Risk-Adjusted Performance Rank
FBZ
BZQ
FBZ vs. BZQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Brazil AlphaDEX Fund (FBZ) and ProShares UltraShort MSCI Brazil Capped (BZQ). 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
FBZ vs. BZQ - Dividend Comparison
FBZ's dividend yield for the trailing twelve months is around 3.83%, less than BZQ's 5.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBZ First Trust Brazil AlphaDEX Fund | 3.83% | 4.73% | 8.57% | 9.94% | 6.75% | 2.57% | 9.07% | 12.90% | 12.53% | 1.71% | 3.87% | 4.73% |
BZQ ProShares UltraShort MSCI Brazil Capped | 5.33% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBZ vs. BZQ - Drawdown Comparison
The maximum FBZ drawdown since its inception was -72.41%, smaller than the maximum BZQ drawdown of -99.61%. Use the drawdown chart below to compare losses from any high point for FBZ and BZQ. For additional features, visit the drawdowns tool.
Volatility
FBZ vs. BZQ - Volatility Comparison
The current volatility for First Trust Brazil AlphaDEX Fund (FBZ) is 8.71%, while ProShares UltraShort MSCI Brazil Capped (BZQ) has a volatility of 17.23%. This indicates that FBZ experiences smaller price fluctuations and is considered to be less risky than BZQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.