FLN vs. FLLA
Compare and contrast key facts about First Trust Latin America AlphaDEX Fund (FLN) and Franklin FTSE Latin America ETF (FLLA).
FLN and FLLA 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. FLLA is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Latin America RIC Capped Index. It was launched on Oct 9, 2018. Both FLN and FLLA 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 FLLA.
Key characteristics
| FLN | FLLA | |
|---|---|---|
| YTD Return | -12.04% | -15.64% |
| 1Y Return | 3.25% | 1.06% |
| 3Y Return (Ann) | 4.34% | 4.19% |
| 5Y Return (Ann) | 1.15% | 0.34% |
| Sharpe Ratio | 0.27 | 0.03 |
| Sortino Ratio | 0.52 | 0.18 |
| Omega Ratio | 1.06 | 1.02 |
| Calmar Ratio | 0.29 | 0.03 |
| Martin Ratio | 0.66 | 0.07 |
| Ulcer Index | 7.75% | 9.84% |
| Daily Std Dev | 18.92% | 18.59% |
| Max Drawdown | -57.93% | -53.87% |
| Current Drawdown | -13.57% | -16.16% |
Correlation
The correlation between FLN and FLLA is 0.82, 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. FLLA - Performance Comparison
In the year-to-date period, FLN achieves a -12.04% return, which is significantly higher than FLLA's -15.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLN vs. FLLA - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is higher than FLLA's 0.19% expense ratio.
Risk-Adjusted Performance
FLN vs. FLLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) and Franklin FTSE Latin America ETF (FLLA). 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. FLLA - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 6.34%, less than FLLA's 6.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 6.34% | 4.17% | 5.57% | 4.70% | 1.64% | 1.91% | 3.08% | 10.28% | 1.06% | 2.34% | 3.96% | 2.03% |
FLLA Franklin FTSE Latin America ETF | 6.88% | 5.45% | 9.55% | 7.60% | 2.12% | 3.18% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLN vs. FLLA - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.93%, which is greater than FLLA's maximum drawdown of -53.87%. Use the drawdown chart below to compare losses from any high point for FLN and FLLA. For additional features, visit the drawdowns tool.
Volatility
FLN vs. FLLA - Volatility Comparison
The current volatility for First Trust Latin America AlphaDEX Fund (FLN) is 4.35%, while Franklin FTSE Latin America ETF (FLLA) has a volatility of 5.33%. This indicates that FLN experiences smaller price fluctuations and is considered to be less risky than FLLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.