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.
Correlation
The correlation between FLN and EWZ is 0.75, 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. EWZ - Performance Comparison
Key characteristics
FLN:
-0.07
EWZ:
-0.38
FLN:
0.06
EWZ:
-0.37
FLN:
1.01
EWZ:
0.95
FLN:
-0.06
EWZ:
-0.18
FLN:
-0.13
EWZ:
-0.70
FLN:
12.10%
EWZ:
13.47%
FLN:
22.15%
EWZ:
24.68%
FLN:
-57.93%
EWZ:
-77.25%
FLN:
-10.32%
EWZ:
-47.57%
Returns By Period
In the year-to-date period, FLN achieves a 18.68% return, which is significantly higher than EWZ's 12.04% return. Over the past 10 years, FLN has outperformed EWZ with an annualized return of 3.98%, while EWZ has yielded a comparatively lower 1.78% annualized return.
FLN
18.68%
0.32%
3.25%
-1.92%
11.58%
3.98%
EWZ
12.04%
-6.38%
-6.43%
-9.47%
7.52%
1.78%
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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.
Dividends
FLN vs. EWZ - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 4.84%, less than EWZ's 7.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 4.84% | 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 | 7.95% | 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. For additional features, visit the drawdowns tool.
Volatility
FLN vs. EWZ - Volatility Comparison
First Trust Latin America AlphaDEX Fund (FLN) has a higher volatility of 12.03% compared to iShares MSCI Brazil ETF (EWZ) at 10.75%. This indicates that FLN's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.