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FLLA vs. FLN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLLA vs. FLN

Last updated Jun 23, 2026

FLLA (Franklin FTSE Latin America ETF) and FLN (First Trust Latin America AlphaDEX Fund) are both Latin America Equities funds - FLLA tracks the FTSE Latin America RIC Capped Index while FLN tracks the NASDAQ AlphaDEX Latin America Index. Both are passively managed. Over the past 5 years, FLLA returned 7.74%/yr vs 9.60%/yr for FLN. Their correlation of 0.84 suggests significant overlap in exposure. FLLA charges 0.19%/yr vs 0.80%/yr for FLN.

Performance

FLLA vs. FLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Latin America ETF (FLLA) 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

The year-to-date returns for both stocks are quite close, with FLLA having a 12.04% return and FLN slightly lower at 11.71%.

FLLA

1D
0.26%
1M
-2.84%
YTD
12.04%
6M
14.05%
1Y
33.29%
3Y*
11.39%
5Y*
7.74%
10Y*
—

FLN

1D
0.58%
1M
-2.38%
YTD
11.71%
6M
14.85%
1Y
34.33%
3Y*
13.90%
5Y*
9.60%
10Y*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLLA vs. FLN - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FLLA
Franklin FTSE Latin America ETF		12.04%51.81%-26.89%32.71%7.78%-8.93%-15.08%19.59%-2.78%
FLN
First Trust Latin America AlphaDEX Fund		11.71%55.05%-23.10%29.68%2.73%-6.94%-12.27%27.22%-3.63%

Correlation

The correlation between FLLA and FLN is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2018

0.84

The correlation between FLLA and FLN has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

FLLA vs. FLN - Sectors Allocation Comparison

Sectors
FLLA
FLN

Financial Services

24.4%
23.6%

Basic Materials

20.1%
12.9%

Energy

11.7%
9.4%

Consumer Defensive

11.4%
7.8%

Industrials

11.4%
12.5%

Utilities

9.0%
16.2%

Communication Services

3.9%
6.6%

Real Estate

3.1%
5.1%

Consumer Cyclical

2.9%
5.4%

Healthcare

1.6%
0.6%

Technology

0.4%
2.1%

Financial Services

FLLA
24.4%
FLN
23.6%

Basic Materials

FLLA
20.1%
FLN
12.9%

Energy

FLLA
11.7%
FLN
9.4%

Consumer Defensive

FLLA
11.4%
FLN
7.8%

Industrials

FLLA
11.4%
FLN
12.5%

Utilities

FLLA
9.0%
FLN
16.2%

Communication Services

FLLA
3.9%
FLN
6.6%

Real Estate

FLLA
3.1%
FLN
5.1%

Consumer Cyclical

FLLA
2.9%
FLN
5.4%

Healthcare

FLLA
1.6%
FLN
0.6%

Technology

FLLA
0.4%
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.

Franklin FTSE Latin America ETF

First Trust Latin America AlphaDEX Fund

Often compared with FLLA:
FLLA vs. ILFFLLA vs. FLBRFLLA vs. ASEAFLLA vs. USDUFLLA vs. FTGCFLLA vs. EMCRFLLA vs. FLIN
Often compared with FLN:
FLN vs. ILFFLN vs. BRFFLN vs. BRAZFLN vs. EWZFLN vs. CHILXFLN vs. VOOFLN vs. flla

Return for Risk

FLLA vs. FLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLLA
FLLA Risk / Return Rank: 4545
Overall Rank
FLLA Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
FLLA Sortino Ratio Rank: 4343
Sortino Ratio Rank
FLLA Omega Ratio Rank: 4343
Omega Ratio Rank
FLLA Calmar Ratio Rank: 5050
Calmar Ratio Rank
FLLA Martin Ratio Rank: 4444
Martin Ratio Rank
FLN
FLN Risk / Return Rank: 4848
Overall Rank
FLN Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
FLN Sortino Ratio Rank: 4545
Sortino Ratio Rank
FLN Omega Ratio Rank: 4545
Omega Ratio Rank
FLN Calmar Ratio Rank: 5454
Calmar Ratio Rank
FLN Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLLA vs. FLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Latin America ETF (FLLA) 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.

FLLAFLNDifference
Sharpe ratioReturn per unit of total volatility
1.54
1.62

-0.08

Sortino ratioReturn per unit of downside risk
2.11
2.19

-0.08

Omega ratioGain probability vs. loss probability

1.27

1.28

-0.01

Calmar ratioReturn relative to maximum drawdown

2.43

2.63

-0.20

Martin ratioReturn relative to average drawdown

6.98

7.43

-0.45

FLLA vs. FLN - Sharpe Ratio Comparison

The current FLLA Sharpe Ratio is 1.54, which is comparable to the FLN Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FLLA 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

FLLA vs. FLN - Drawdown Comparison

The maximum FLLA drawdown since its inception was -53.88%, smaller than the maximum FLN drawdown of -57.95%. Use the drawdown chart below to compare losses from any high point for FLLA and FLN.

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Drawdown Indicators

FLLAFLNDifference

Max Drawdown

Largest peak-to-trough decline

-53.88%

-57.95%

+4.07%

Max Drawdown (1Y)

Largest decline over 1 year

-13.75%

-13.10%

-0.65%

Max Drawdown (3Y)

Largest decline over 3 years

-27.76%

-25.23%

-2.53%

Max Drawdown (5Y)

Largest decline over 5 years

-28.32%

-25.95%

-2.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.75%

—

Current Drawdown

Current decline from peak

-11.42%

-9.96%

-1.46%

Average Drawdown

Average peak-to-trough decline

-13.46%

-18.87%

+5.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.78%

4.63%

+0.15%

Volatility

FLLA vs. FLN - Volatility Comparison

Franklin FTSE Latin America ETF (FLLA) has a higher volatility of 5.84% compared to First Trust Latin America AlphaDEX Fund (FLN) at 5.54%. This indicates that FLLA'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

FLLAFLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.84%

5.54%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

17.85%

17.91%

-0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

21.73%

21.33%

+0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.86%

22.65%

+0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.49%

27.57%

-0.08%

FLLA vs. FLN - Expense Ratio Comparison

FLLA has a 0.19% expense ratio, which is lower than FLN's 0.80% expense ratio.

Dividends

FLLA vs. FLN - Dividend Comparison

FLLA's dividend yield for the trailing twelve months is around 3.46%, less than FLN's 3.59% yield.

PositionTTM20252024202320222021202020192018201720162015
FLLA
Franklin FTSE Latin America ETF		3.46%6.06%7.04%5.45%9.55%7.60%2.12%3.18%0.48%0.00%0.00%0.00%
FLN
First Trust Latin America AlphaDEX Fund		3.59%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

With a correlation of 0.93, FLLA and FLN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FLLA has higher volatility (5.84%) compared to FLN (5.54%). In terms of maximum drawdown, FLLA dropped -53.88% vs FLN's -57.95%.

On 5-year performance, FLN leads with 9.60% vs 7.74% for FLLA. On fees, FLLA is cheaper at 0.19% per year. On volatility, FLN has been the lower-risk option at 5.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLN has performed better with a 9.60% return vs 7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLLA is cheaper with a 0.19% expense ratio, compared with 0.80% for FLN.

FLN has the higher dividend yield at 3.59%, compared with 3.46% for FLLA.

FLLA tracks FTSE Latin America RIC Capped Index, while FLN tracks NASDAQ AlphaDEX Latin America Index. They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.19% for FLLA and 0.80% for FLN.

FLN currently has the higher Sharpe Ratio (1.62 vs 1.54), 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.

Portfolio Optimizer

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