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FSZ vs. NFTY
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FSZ vs. NFTY

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Switzerland AlphaDEX Fund (FSZ) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).

FSZ and NFTY 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. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both FSZ and NFTY 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

FSZ vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Switzerland AlphaDEX Fund (FSZ) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

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FSZ vs. NFTY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FSZ
First Trust Switzerland AlphaDEX Fund		-0.28%30.10%-1.85%21.30%-20.12%20.18%13.83%25.88%-15.22%31.30%
NFTY
First Trust India NIFTY 50 Equal Weight ETF		-11.19%5.47%5.18%24.00%-3.46%26.83%10.04%0.58%-1.51%21.78%

Returns By Period

In the year-to-date period, FSZ achieves a -0.28% return, which is significantly higher than NFTY's -11.19% return. Over the past 10 years, FSZ has outperformed NFTY with an annualized return of 9.39%, while NFTY has yielded a comparatively lower 7.64% annualized return.

FSZ

1D
1.51%
1M
-7.05%
YTD
-0.28%
6M
4.35%
1Y
20.25%
3Y*
11.56%
5Y*
7.17%
10Y*
9.39%

NFTY

1D
3.49%
1M
-9.46%
YTD
-11.19%
6M
-7.86%
1Y
-5.94%
3Y*
8.26%
5Y*
5.87%
10Y*
7.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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First Trust Switzerland AlphaDEX Fund

First Trust India NIFTY 50 Equal Weight ETF

Often compared with FSZ:
FSZ vs. EWLFSZ vs. FLSWFSZ vs. IAUFSZ vs. SPYFSZ vs. EWUFSZ vs. IEVFSZ vs. EWG
Often compared with NFTY:
NFTY vs. SPYNFTY vs. INDYNFTY vs. TCS.NSNFTY vs. FLINNFTY vs. EPINFTY vs. ^BSE500NFTY vs. QQQ

FSZ vs. NFTY - Expense Ratio Comparison

Both FSZ and NFTY have an expense ratio of 0.80%.

FSZ
First Trust Switzerland AlphaDEX Fund
NFTY
First Trust India NIFTY 50 Equal Weight ETF

Return for Risk

FSZ vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSZ
FSZ Risk / Return Rank: 6565
Overall Rank
FSZ Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
FSZ Sortino Ratio Rank: 7171
Sortino Ratio Rank
FSZ Omega Ratio Rank: 6868
Omega Ratio Rank
FSZ Calmar Ratio Rank: 6767
Calmar Ratio Rank
FSZ Martin Ratio Rank: 5050
Martin Ratio Rank
NFTY
NFTY Risk / Return Rank: 55
Overall Rank
NFTY Sharpe Ratio Rank: 66
Sharpe Ratio Rank
NFTY Sortino Ratio Rank: 55
Sortino Ratio Rank
NFTY Omega Ratio Rank: 55
Omega Ratio Rank
NFTY Calmar Ratio Rank: 77
Calmar Ratio Rank
NFTY Martin Ratio Rank: 33
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSZ vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Switzerland AlphaDEX Fund (FSZ) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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.

FSZNFTYDifference

Sharpe ratio

Return per unit of total volatility

1.29

-0.38

+1.67

Sortino ratio

Return per unit of downside risk

1.78

-0.46

+2.24

Omega ratio

Gain probability vs. loss probability

1.25

0.95

+0.30

Calmar ratio

Return relative to maximum drawdown

1.72

-0.34

+2.06

Martin ratio

Return relative to average drawdown

4.84

-1.21

+6.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSZ vs. NFTY - Sharpe Ratio Comparison

The current FSZ Sharpe Ratio is 1.29, which is higher than the NFTY Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of FSZ and NFTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FSZNFTYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.29

-0.38

+1.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.34

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.37

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.27

+0.24

Correlation

The correlation between FSZ and NFTY is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FSZ vs. NFTY - Dividend Comparison

FSZ's dividend yield for the trailing twelve months is around 2.44%, more than NFTY's 1.99% yield.

TTM20252024202320222021202020192018201720162015
FSZ
First Trust Switzerland AlphaDEX Fund		2.44%1.80%1.80%2.11%3.50%1.62%1.53%2.01%2.29%1.49%1.93%1.08%
NFTY
First Trust India NIFTY 50 Equal Weight ETF		1.99%1.24%1.61%0.13%5.89%1.53%0.61%0.97%0.00%4.10%3.28%4.39%

Drawdowns

FSZ vs. NFTY - Drawdown Comparison

The maximum FSZ drawdown since its inception was -33.97%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FSZ and NFTY.

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Drawdown Indicators

FSZNFTYDifference

Max Drawdown

Largest peak-to-trough decline

-33.97%

-47.67%

+13.70%

Max Drawdown (1Y)

Largest decline over 1 year

-10.39%

-16.14%

+5.75%

Max Drawdown (5Y)

Largest decline over 5 years

-33.96%

-21.55%

-12.41%

Max Drawdown (10Y)

Largest decline over 10 years

-33.97%

-47.67%

+13.70%

Current Drawdown

Current decline from peak

-7.26%

-18.81%

+11.55%

Average Drawdown

Average peak-to-trough decline

-7.02%

-9.51%

+2.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.70%

4.51%

-0.81%

Volatility

FSZ vs. NFTY - Volatility Comparison

The current volatility for First Trust Switzerland AlphaDEX Fund (FSZ) is 5.05%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 7.54%. This indicates that FSZ experiences smaller price fluctuations and is considered to be less risky than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FSZNFTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.05%

7.54%

-2.49%

Volatility (6M)

Calculated over the trailing 6-month period

9.14%

11.42%

-2.28%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

15.79%

+0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.33%

17.54%

+1.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.88%

20.72%

-1.84%