FBZ vs. EWZ
Compare and contrast key facts about First Trust Brazil AlphaDEX Fund (FBZ) and iShares MSCI Brazil ETF (EWZ).
FBZ and EWZ 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. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. Both FBZ and EWZ 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 EWZ.
Key characteristics
| FBZ | EWZ | |
|---|---|---|
| YTD Return | -5.20% | -9.18% |
| 1Y Return | 20.29% | 19.17% |
| 3Y Return (Ann) | 2.89% | 5.20% |
| 5Y Return (Ann) | 3.67% | 1.28% |
| 10Y Return (Ann) | 1.88% | 0.20% |
| Sharpe Ratio | 0.98 | 0.91 |
| Daily Std Dev | 22.52% | 22.42% |
| Max Drawdown | -72.41% | -77.27% |
| Current Drawdown | -16.66% | -38.98% |
Correlation
The correlation between FBZ and EWZ is 0.82, 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
FBZ vs. EWZ - Performance Comparison
In the year-to-date period, FBZ achieves a -5.20% return, which is significantly higher than EWZ's -9.18% return. Over the past 10 years, FBZ has outperformed EWZ with an annualized return of 1.88%, while EWZ has yielded a comparatively lower 0.20% 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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FBZ vs. EWZ - Expense Ratio Comparison
FBZ has a 0.80% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Risk-Adjusted Performance
FBZ vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Brazil AlphaDEX Fund (FBZ) and iShares MSCI Brazil ETF (EWZ). 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. EWZ - Dividend Comparison
FBZ's dividend yield for the trailing twelve months is around 4.32%, less than EWZ's 6.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBZ First Trust Brazil AlphaDEX Fund | 4.32% | 8.57% | 9.94% | 6.74% | 2.57% | 9.07% | 12.90% | 12.53% | 1.71% | 3.86% | 4.73% | 2.70% |
EWZ iShares MSCI Brazil ETF | 6.23% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.07% | 3.77% | 3.22% |
Drawdowns
FBZ vs. EWZ - Drawdown Comparison
The maximum FBZ drawdown since its inception was -72.41%, smaller than the maximum EWZ drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for FBZ and EWZ. For additional features, visit the drawdowns tool.
Volatility
FBZ vs. EWZ - Volatility Comparison
First Trust Brazil AlphaDEX Fund (FBZ) and iShares MSCI Brazil ETF (EWZ) have volatilities of 6.98% and 6.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.