Correlation
The correlation between FLN and EWG 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. EWG
Compare and contrast key facts about First Trust Latin America AlphaDEX Fund (FLN) and iShares MSCI Germany ETF (EWG).
FLN and EWG 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. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. Both FLN and EWG 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 EWG.
Performance
FLN vs. EWG - Performance Comparison
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Key characteristics
FLN:
0.08
EWG:
1.73
FLN:
0.19
EWG:
2.37
FLN:
1.02
EWG:
1.31
FLN:
0.02
EWG:
2.15
FLN:
0.06
EWG:
8.83
FLN:
9.22%
EWG:
3.78%
FLN:
22.38%
EWG:
20.55%
FLN:
-57.93%
EWG:
-67.57%
FLN:
-5.36%
EWG:
-0.80%
Returns By Period
In the year-to-date period, FLN achieves a 25.23% return, which is significantly lower than EWG's 31.90% return. Over the past 10 years, FLN has underperformed EWG with an annualized return of 4.59%, while EWG has yielded a comparatively higher 6.22% annualized return.
FLN
25.23%
0.53%
16.99%
1.72%
2.65%
10.82%
4.59%
EWG
31.90%
6.28%
30.06%
35.29%
18.53%
13.12%
6.22%
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FLN vs. EWG - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is higher than EWG's 0.49% expense ratio.
Risk-Adjusted Performance
FLN vs. EWG — Risk-Adjusted Performance Rank
FLN
EWG
FLN vs. EWG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) and iShares MSCI Germany ETF (EWG). 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. EWG - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 4.59%, more than EWG's 1.81% 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% |
EWG iShares MSCI Germany ETF | 1.81% | 2.38% | 2.56% | 3.24% | 2.70% | 2.10% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% | 2.30% |
Drawdowns
FLN vs. EWG - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.93%, smaller than the maximum EWG drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for FLN and EWG.
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Volatility
FLN vs. EWG - Volatility Comparison
First Trust Latin America AlphaDEX Fund (FLN) has a higher volatility of 4.93% compared to iShares MSCI Germany ETF (EWG) at 4.62%. This indicates that FLN's price experiences larger fluctuations and is considered to be riskier than EWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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