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FGMvsEWLETF Comparison

ETF 1

FGM

First Trust Germany AlphaDEX Fund ETF

This fund is part of

Europe Blended Cap

-0.86%

Full FGM fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

-0.86%

Full EWL fund page

First Trust Germany AlphaDEX Fund ETF (FGM) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. FGM's top 3 sector exposures are Industrials, Finance and Non-Energy Materials. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. FGM is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.5% for EWL. FGM is up 1.53% year-to-date (YTD) with +$15M in YTD flows. EWL performs better with 5.94% YTD performance, and +$515M in YTD flows. Run a side-by-side ETF comparison of FGM and EWL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FGM vs EWL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FGM EWL	-1.48%+1.68%	-5.23%+1.67%	+1.53%+5.94%	+13.49%+16.54%	+64.85%+39.39%	+27.33%+41.17%
Flows	FGM EWL	-+$173M	-$16M+$528M	+$15M+$515M	+$24M+$611M	+$65M+$484M	+$3M+$278M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FGM EWL	+22.46%+16.00%	+21.68%+15.66%	+20.36%+14.71%	+23.21%+15.89%
Max drawdown	FGM EWL	-7.99%-4.04%	-17.67%-13.49%	-17.67%-13.56%	-49.67%-28.82%
Max drawdown duration	FGM EWL	50d30d	158d141d	158d185d	1347d925d

Trading data

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	FGM	EWL
Last sale 7/21/2026 at 1:30 PM	$62.77	$62.66
Previous close 07/20/2026	$61.90	$62.33
Consolidated volume 07/20/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	FGM	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/21/2026 at 1:30 PM

Live

Closed

	FGM	EWL
Last price	$62.77	$62.66
1D performance	+1.41%	+0.53%
AuM	$97.00 M	$2.13 B
E/R	0.8%	0.5%

Characteristics

	FGM	EWL
Management strategy	Passive	Passive
Provider	First Trust	iShares
Benchmark	NASDAQ AlphaDEX Germany Index	MSCI Switzerland 25/50 Index
N° of holdings	35	38
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 14, 2012	March 12, 1996
ESG	No	No

More FGM data on Trackinsight

More EWL data on Trackinsight

Exposure

Countries

FGM

Germany

83.64%

Other

16.36%

EWL

Switzerland

98.52%

Other

1.48%

Sectors

FGM

Industrials

37.5%

Finance

15.72%

Non-Energy Materi.

12.55%

Consumer Cyclical.

7.83%

Healthcare

7.83%

Other

18.57%

EWL

Healthcare

36.62%

Finance

18.31%

Consumer Non-Cycl.

14.48%

Industrials

9.64%

Non-Energy Materi.

8.52%

Other

12.43%

Diversification

FGM

Total weight of top 15 holdings out of 15

57.42%

EWL

Total weight of top 15 holdings out of 15

75.72%

Top 15 holdings

Data as of June 30, 2026

FGM

Hochtief AG

5.99%

Aurubis AG

5.77%

Nordex SE

5.20%

Deutsche Lufthansa AG

4.73%

Bayer AG

4.31%

Deutsche Post AG

3.75%

thyssenkrupp AG

3.67%

LEG Immobilien SE

3.61%

Aroundtown SA

3.51%

Siemens Energy AG

3.31%

Bilfinger SE

3.08%

Vonovia SE

2.83%

Henkel AG & Co. KGaA

2.61%

Bayerische Motoren Werke AG

2.54%

Commerzbank AG

2.51%

EWL

Roche Holding AG

12.84%

Novartis AG

12.67%

Nestlé SA

11.64%

ABB Ltd.

6.34%

Compagnie Financière Richemont SA

5.04%

UBS Group AG

4.63%

Zurich Insurance Group AG

4.37%

Lonza Group AG

2.60%

Swiss Re AG

2.56%

Holcim Ltd.

2.50%

Galderma Group AG

2.39%

Givaudan SA

2.23%

Sandoz Group AG

2.13%

Alcon AG

1.92%

Sika AG

1.85%

Frequently asked questions about FGM and EWL

How have the FGM and EWL ETFs performed in 2026?

As of July 17, 2026, FGM is up 1.53% year-to-date (YTD), while EWL has returned 5.94%. That puts EWL better performer ahead so far this year.

Which ETF is attracting more investor money: FGM or EWL?

Year-to-date, the FGM ETF saw +$15M in flows, compared to +$515M for EWL.

Which ETF is more volatile: FGM or EWL?

Over the past year, FGM had a volatility of 21.68%, while EWL experienced 15.66%.

Which ETF is bigger: FGM or EWL?

As of July 17, 2026, FGM holds $97.00 M in assets under management (AUM), while EWL manages $2.13 B.

What sectors do the FGM and EWL ETFs invest in?

FGM leans toward sectors like Industrials, Finance and Non-Energy Materials. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

What are the top holdings of the FGM ETF and EWL ETF?

FGM top holdings include Hochtief AG, Aurubis AG and Nordex SE. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: FGM or EWL?

FGM holds 35 securities with 57.42% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.72%.

There’s an ETF for That? Switzerland

May 1, 2025

EWL

FGMvsEWLETF Comparison

First Trust Germany AlphaDEX Fund ETF

iShares MSCI Switzerland ETF

FGM vs EWL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FGM and EWL ETFs performed in 2026?

As of July 17, 2026, FGM is up 1.53% year-to-date (YTD), while EWL has returned 5.94%. That puts EWL better performer ahead so far this year.

Which ETF is attracting more investor money: FGM or EWL?

Year-to-date, the FGM ETF saw +$15M in flows, compared to +$515M for EWL.

Which ETF is more volatile: FGM or EWL?

Over the past year, FGM had a volatility of 21.68%, while EWL experienced 15.66%.

Which ETF is bigger: FGM or EWL?

As of July 17, 2026, FGM holds $97.00 M in assets under management (AUM), while EWL manages $2.13 B.

What sectors do the FGM and EWL ETFs invest in?

FGM leans toward sectors like Industrials, Finance and Non-Energy Materials. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

What are the top holdings of the FGM ETF and EWL ETF?

FGM top holdings include Hochtief AG, Aurubis AG and Nordex SE. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: FGM or EWL?

FGM holds 35 securities with 57.42% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 75.72%.

There’s an ETF for That? Switzerland

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