FLN vs. BRF
Compare and contrast key facts about First Trust Latin America AlphaDEX Fund (FLN) and VanEck Vectors Brazil Small-Cap ETF (BRF).
FLN and BRF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLN is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Latin America Index. It was launched on Apr 18, 2011. BRF is a passively managed fund by VanEck that tracks the performance of the MVIS Brazil Small-Cap Index. It was launched on May 12, 2009. Both FLN and BRF 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: FLN or BRF.
Key characteristics
| FLN | BRF | |
|---|---|---|
| YTD Return | -11.86% | -19.27% |
| 1Y Return | 5.48% | -0.13% |
| 3Y Return (Ann) | 4.56% | -6.21% |
| 5Y Return (Ann) | 1.20% | -6.58% |
| 10Y Return (Ann) | 2.01% | -2.16% |
| Sharpe Ratio | 0.18 | -0.12 |
| Sortino Ratio | 0.40 | 0.02 |
| Omega Ratio | 1.05 | 1.00 |
| Calmar Ratio | 0.20 | -0.05 |
| Martin Ratio | 0.45 | -0.23 |
| Ulcer Index | 7.78% | 13.59% |
| Daily Std Dev | 18.83% | 26.89% |
| Max Drawdown | -57.93% | -81.72% |
| Current Drawdown | -13.39% | -59.53% |
Correlation
The correlation between FLN and BRF is 0.72, 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
FLN vs. BRF - Performance Comparison
In the year-to-date period, FLN achieves a -11.86% return, which is significantly higher than BRF's -19.27% return. Over the past 10 years, FLN has outperformed BRF with an annualized return of 2.01%, while BRF has yielded a comparatively lower -2.16% 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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FLN vs. BRF - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is higher than BRF's 0.60% expense ratio.
Risk-Adjusted Performance
FLN vs. BRF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) and VanEck Vectors Brazil Small-Cap ETF (BRF). 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
FLN vs. BRF - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 6.32%, more than BRF's 6.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 6.32% | 4.17% | 5.57% | 4.70% | 1.64% | 1.91% | 3.08% | 10.28% | 1.06% | 2.34% | 3.96% | 2.03% |
BRF VanEck Vectors Brazil Small-Cap ETF | 6.21% | 5.02% | 4.13% | 2.96% | 1.66% | 2.54% | 2.89% | 4.53% | 4.25% | 3.84% | 4.23% | 1.85% |
Drawdowns
FLN vs. BRF - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.93%, smaller than the maximum BRF drawdown of -81.72%. Use the drawdown chart below to compare losses from any high point for FLN and BRF. For additional features, visit the drawdowns tool.
Volatility
FLN vs. BRF - Volatility Comparison
The current volatility for First Trust Latin America AlphaDEX Fund (FLN) is 4.34%, while VanEck Vectors Brazil Small-Cap ETF (BRF) has a volatility of 6.93%. This indicates that FLN experiences smaller price fluctuations and is considered to be less risky than BRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.