FLN vs. ILF
Compare and contrast key facts about First Trust Latin America AlphaDEX Fund (FLN) and iShares Latin American 40 ETF (ILF).
FLN and ILF 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. ILF is a passively managed fund by iShares that tracks the performance of the S&P Latin America 40 Index. It was launched on Oct 25, 2001. Both FLN and ILF 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 ILF.
Performance
FLN vs. ILF - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FLN having a -16.11% return and ILF slightly higher at -15.68%. Over the past 10 years, FLN has outperformed ILF with an annualized return of 1.54%, while ILF has yielded a comparatively lower 0.04% annualized return.
FLN
-16.11%
-4.82%
-12.67%
-9.35%
0.26%
1.54%
ILF
-15.68%
-5.24%
-11.09%
-9.06%
0.07%
0.04%
Key characteristics
| FLN | ILF | |
|---|---|---|
| Sharpe Ratio | -0.57 | -0.51 |
| Sortino Ratio | -0.68 | -0.61 |
| Omega Ratio | 0.92 | 0.93 |
| Calmar Ratio | -0.58 | -0.30 |
| Martin Ratio | -1.11 | -1.04 |
| Ulcer Index | 9.16% | 8.70% |
| Daily Std Dev | 18.01% | 17.54% |
| Max Drawdown | -57.93% | -67.48% |
| Current Drawdown | -17.57% | -28.39% |
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FLN vs. ILF - Expense Ratio Comparison
FLN has a 0.80% expense ratio, which is higher than ILF's 0.48% expense ratio.
Correlation
The correlation between FLN and ILF is 0.76, 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.
Risk-Adjusted Performance
FLN vs. ILF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Latin America AlphaDEX Fund (FLN) and iShares Latin American 40 ETF (ILF). 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. ILF - Dividend Comparison
FLN's dividend yield for the trailing twelve months is around 6.65%, more than ILF's 6.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLN First Trust Latin America AlphaDEX Fund | 6.65% | 4.17% | 5.57% | 4.70% | 1.63% | 1.91% | 3.08% | 10.27% | 1.06% | 2.34% | 3.96% | 2.03% |
ILF iShares Latin American 40 ETF | 6.38% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.81% | 1.59% | 3.25% | 2.32% | 3.32% |
Drawdowns
FLN vs. ILF - Drawdown Comparison
The maximum FLN drawdown since its inception was -57.93%, smaller than the maximum ILF drawdown of -67.48%. Use the drawdown chart below to compare losses from any high point for FLN and ILF. For additional features, visit the drawdowns tool.
Volatility
FLN vs. ILF - Volatility Comparison
First Trust Latin America AlphaDEX Fund (FLN) has a higher volatility of 5.24% compared to iShares Latin American 40 ETF (ILF) at 4.25%. This indicates that FLN's price experiences larger fluctuations and is considered to be riskier than ILF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.