FLN vs. EZA
Compare and contrast key facts about First Trust Latin America AlphaDEX Fund (FLN) and iShares MSCI South Africa ETF (EZA).
FLN and EZA 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. EZA is a passively managed fund by iShares that tracks the performance of the MSCI South Africa Index. It was launched on Feb 7, 2003. Both FLN and EZA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLN vs. EZA - Performance Comparison
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FLN vs. EZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 15.41% | 55.05% | -23.10% | 29.68% | 2.73% | -6.94% | -12.27% | 27.22% | -8.31% | 21.54% |
EZA iShares MSCI South Africa ETF | 0.03% | 75.20% | 7.16% | 1.51% | -5.18% | 7.91% | -5.19% | 9.83% | -25.24% | 36.03% |
Returns By Period
In the year-to-date period, FLN achieves a 15.41% return, which is significantly higher than EZA's 0.03% return. Over the past 10 years, FLN has outperformed EZA with an annualized return of 9.88%, while EZA has yielded a comparatively lower 7.86% annualized return.
FLN
- 1D
- 1.61%
- 1M
- -1.03%
- YTD
- 15.41%
- 6M
- 24.91%
- 1Y
- 52.82%
- 3Y*
- 19.94%
- 5Y*
- 13.04%
- 10Y*
- 9.88%
EZA
- 1D
- 1.50%
- 1M
- -13.87%
- YTD
- 0.03%
- 6M
- 12.10%
- 1Y
- 52.70%
- 3Y*
- 24.18%
- 5Y*
- 11.19%
- 10Y*
- 7.86%
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FLN vs. EZA - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is higher than EZA's 0.59% expense ratio.
Return for Risk
FLN vs. EZA — Risk / Return Rank
FLN
EZA
FLN vs. EZA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) and iShares MSCI South Africa ETF (EZA). 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.
| FLN | EZA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 1.69 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.83 | 2.14 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.30 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 4.91 | 2.26 | +2.65 |
Martin ratioReturn relative to average drawdown | 15.32 | 8.76 | +6.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLN | EZA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.69 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.40 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.25 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.29 | -0.20 |
Correlation
The correlation between FLN and EZA is 0.53, 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.
Dividends
FLN vs. EZA - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 3.47%, less than EZA's 6.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 3.47% | 3.40% | 6.26% | 4.17% | 5.57% | 4.70% | 1.64% | 1.91% | 3.08% | 10.28% | 1.06% | 2.34% |
EZA iShares MSCI South Africa ETF | 6.16% | 6.16% | 7.26% | 2.84% | 3.90% | 2.05% | 5.51% | 12.27% | 3.81% | 1.55% | 4.10% | 3.03% |
Drawdowns
FLN vs. EZA - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.95%, smaller than the maximum EZA drawdown of -64.64%. Use the drawdown chart below to compare losses from any high point for FLN and EZA.
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Drawdown Indicators
| FLN | EZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.95% | -64.64% | +6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -23.31% | +11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.95% | -34.94% | +8.99% |
Max Drawdown (10Y)Largest decline over 10 years | -57.75% | -62.25% | +4.50% |
Current DrawdownCurrent decline from peak | -4.22% | -15.66% | +11.44% |
Average DrawdownAverage peak-to-trough decline | -19.07% | -16.94% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 6.01% | -2.35% |
Volatility
FLN vs. EZA - Volatility Comparison
The current volatility for First Trust Latin America AlphaDEX Fund (FLN) is 10.17%, while iShares MSCI South Africa ETF (EZA) has a volatility of 13.33%. This indicates that FLN experiences smaller price fluctuations and is considered to be less risky than EZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLN | EZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 13.33% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 25.11% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 31.40% | -8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 28.33% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 31.31% | -3.58% |