Correlation
The correlation between FLN and EWZ 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. EWZ
Compare and contrast key facts about First Trust Latin America AlphaDEX Fund (FLN) and iShares MSCI Brazil ETF (EWZ).
FLN and EWZ 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. 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 FLN 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: FLN or EWZ.
Performance
FLN vs. EWZ - Performance Comparison
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Key characteristics
FLN:
0.18
EWZ:
-0.08
FLN:
0.31
EWZ:
-0.01
FLN:
1.04
EWZ:
1.00
FLN:
0.10
EWZ:
-0.06
FLN:
0.26
EWZ:
-0.28
FLN:
9.70%
EWZ:
11.83%
FLN:
22.35%
EWZ:
25.12%
FLN:
-57.93%
EWZ:
-77.25%
FLN:
-3.61%
EWZ:
-43.43%
Returns By Period
In the year-to-date period, FLN achieves a 27.55% return, which is significantly higher than EWZ's 20.88% return. Over the past 10 years, FLN has outperformed EWZ with an annualized return of 4.83%, while EWZ has yielded a comparatively lower 2.82% annualized return.
FLN
27.55%
3.33%
18.39%
3.95%
3.15%
11.23%
4.83%
EWZ
20.88%
0.63%
11.55%
-2.07%
-0.14%
7.52%
2.82%
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FLN vs. EWZ - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Risk-Adjusted Performance
FLN vs. EWZ — Risk-Adjusted Performance Rank
FLN
EWZ
FLN vs. EWZ - 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 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.
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Dividends
FLN vs. EWZ - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 4.51%, less than EWZ's 7.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 4.51% | 6.26% | 4.17% | 5.57% | 4.70% | 1.63% | 1.91% | 3.08% | 10.27% | 1.06% | 2.34% | 3.96% |
EWZ iShares MSCI Brazil ETF | 7.37% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% |
Drawdowns
FLN vs. EWZ - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.93%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for FLN and EWZ.
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Volatility
FLN vs. EWZ - Volatility Comparison
The current volatility for First Trust Latin America AlphaDEX Fund (FLN) is 4.59%, while iShares MSCI Brazil ETF (EWZ) has a volatility of 6.48%. This indicates that FLN experiences smaller price fluctuations and is considered to be less risky than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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