FSZ vs. EWL
Compare and contrast key facts about First Trust Switzerland AlphaDEX Fund (FSZ) and iShares MSCI Switzerland ETF (EWL).
FSZ and EWL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSZ is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Switzerland Index. It was launched on Feb 14, 2012. EWL is a passively managed fund by iShares that tracks the performance of the MSCI Switzerland Index. It was launched on Mar 12, 1996. Both FSZ and EWL 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: FSZ or EWL.
Performance
FSZ vs. EWL - Performance Comparison
Returns By Period
In the year-to-date period, FSZ achieves a 0.49% return, which is significantly higher than EWL's -0.01% return. Over the past 10 years, FSZ has outperformed EWL with an annualized return of 7.24%, while EWL has yielded a comparatively lower 5.88% annualized return.
FSZ
0.49%
-4.79%
0.16%
8.76%
7.25%
7.24%
EWL
-0.01%
-6.51%
-0.12%
7.61%
6.17%
5.88%
Key characteristics
| FSZ | EWL | |
|---|---|---|
| Sharpe Ratio | 0.65 | 0.61 |
| Sortino Ratio | 0.99 | 0.92 |
| Omega Ratio | 1.11 | 1.11 |
| Calmar Ratio | 0.87 | 0.64 |
| Martin Ratio | 2.49 | 2.16 |
| Ulcer Index | 3.52% | 3.52% |
| Daily Std Dev | 13.56% | 12.43% |
| Max Drawdown | -33.97% | -51.62% |
| Current Drawdown | -9.78% | -10.54% |
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FSZ vs. EWL - Expense Ratio Comparison
FSZ has a 0.80% expense ratio, which is higher than EWL's 0.50% expense ratio.
Correlation
The correlation between FSZ and EWL is 0.81, 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
FSZ vs. EWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Switzerland AlphaDEX Fund (FSZ) and iShares MSCI Switzerland ETF (EWL). 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
FSZ vs. EWL - Dividend Comparison
FSZ's dividend yield for the trailing twelve months is around 1.55%, less than EWL's 2.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSZ First Trust Switzerland AlphaDEX Fund | 1.55% | 2.11% | 4.28% | 1.92% | 1.53% | 2.01% | 2.29% | 1.49% | 1.93% | 1.08% | 1.89% | 1.91% |
EWL iShares MSCI Switzerland ETF | 2.15% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% | 2.49% | 1.83% |
Drawdowns
FSZ vs. EWL - Drawdown Comparison
The maximum FSZ drawdown since its inception was -33.97%, smaller than the maximum EWL drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for FSZ and EWL. For additional features, visit the drawdowns tool.
Volatility
FSZ vs. EWL - Volatility Comparison
First Trust Switzerland AlphaDEX Fund (FSZ) and iShares MSCI Switzerland ETF (EWL) have volatilities of 3.89% and 3.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.