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.
Correlation
The correlation between FBZ and EWZ 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. EWZ - Performance Comparison
Key characteristics
FBZ:
-0.12
EWZ:
-0.34
FBZ:
-0.02
EWZ:
-0.29
FBZ:
1.00
EWZ:
0.96
FBZ:
-0.11
EWZ:
-0.15
FBZ:
-0.31
EWZ:
-0.59
FBZ:
11.75%
EWZ:
13.73%
FBZ:
25.83%
EWZ:
24.98%
FBZ:
-72.41%
EWZ:
-77.25%
FBZ:
-17.40%
EWZ:
-42.87%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FBZ at 22.08% and EWZ at 22.08%. Over the past 10 years, FBZ has outperformed EWZ with an annualized return of 4.48%, while EWZ has yielded a comparatively lower 2.11% annualized return.
FBZ
22.08%
17.31%
2.52%
-3.01%
12.41%
4.48%
EWZ
22.08%
17.24%
1.77%
-8.33%
11.04%
2.11%
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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 Rank
FBZ
EWZ
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 3.83%, less than EWZ's 7.30% 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% |
EWZ iShares MSCI Brazil ETF | 7.30% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% |
Drawdowns
FBZ vs. EWZ - Drawdown Comparison
The maximum FBZ drawdown since its inception was -72.41%, smaller than the maximum EWZ drawdown of -77.25%. 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) has a higher volatility of 8.71% compared to iShares MSCI Brazil ETF (EWZ) at 8.29%. This indicates that FBZ's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.