Correlation
The correlation between FLN and DAX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FLN vs. DAX
Compare and contrast key facts about First Trust Latin America AlphaDEX Fund (FLN) and Global X DAX Germany ETF (DAX).
FLN and DAX 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. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014. Both FLN and DAX 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 DAX.
Performance
FLN vs. DAX - Performance Comparison
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Key characteristics
FLN:
0.08
DAX:
1.74
FLN:
0.19
DAX:
2.37
FLN:
1.02
DAX:
1.31
FLN:
0.02
DAX:
2.11
FLN:
0.06
DAX:
9.46
FLN:
9.22%
DAX:
3.57%
FLN:
22.38%
DAX:
20.76%
FLN:
-57.93%
DAX:
-45.58%
FLN:
-5.36%
DAX:
-0.76%
Returns By Period
In the year-to-date period, FLN achieves a 25.23% return, which is significantly lower than DAX's 32.39% return. Over the past 10 years, FLN has underperformed DAX with an annualized return of 4.59%, while DAX has yielded a comparatively higher 7.28% annualized return.
FLN
25.23%
0.53%
16.99%
1.72%
2.65%
10.82%
4.59%
DAX
32.39%
6.26%
30.66%
35.77%
20.22%
15.28%
7.28%
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FLN vs. DAX - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is higher than DAX's 0.20% expense ratio.
Risk-Adjusted Performance
FLN vs. DAX — Risk-Adjusted Performance Rank
FLN
DAX
FLN vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) and Global X DAX Germany ETF (DAX). 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.
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Dividends
FLN vs. DAX - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 4.59%, more than DAX's 1.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 4.59% | 6.26% | 4.17% | 5.57% | 4.70% | 1.63% | 1.91% | 3.08% | 10.27% | 1.06% | 2.34% | 3.96% |
DAX Global X DAX Germany ETF | 1.70% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% | 0.00% |
Drawdowns
FLN vs. DAX - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.93%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for FLN and DAX.
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Volatility
FLN vs. DAX - Volatility Comparison
First Trust Latin America AlphaDEX Fund (FLN) and Global X DAX Germany ETF (DAX) have volatilities of 4.93% and 4.79%, 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.
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