FLNvsEWZETF Comparison
VS
First Trust Latin America AlphaDEX Fund ETF (FLN) and iShares MSCI Brazil ETF (EWZ) belong to the same industry segment: LatAm Blended Cap. FLN's top 3 sector exposures are Finance, Utilities and Non-Energy Materials. In contrast, EWZ's top sector exposures are Finance, Energy and Non-Energy Materials. FLN is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.59% for EWZ. FLN is up 18.5% year-to-date (YTD) with +$27M in YTD flows. EWZ performs better with 18.74% YTD performance, and +$1.01B in YTD flows. Run a side-by-side ETF comparison of FLN and EWZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FLN vs EWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLN EWZ | +7.03%+11.02% | +6.14%+10.94% | +18.50%+18.74% | +28.00%+27.08% | +55.99%+38.42% | +83.23%+71.72% |
| Flows | FLN EWZ | +$4M-$192M | +$9M-$1.27B | +$27M+$1.01B | +$25M+$1.79B | -$30M+$2.25B | +$32M+$2.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLN EWZ | +15.60%+21.51% | +20.73%+24.40% | +19.55%+23.25% | +21.33%+26.87% |
| Max drawdown | FLN EWZ | -6.24%-7.95% | -13.17%-19.01% | -24.88%-31.40% | -24.88%-32.10% |
| Max drawdown duration | FLN EWZ | 30d41d | 156d157d | 444d680d | 444d605d |
Trading data
FLN | EWZ | |
Last sale 9/18/2026 at 1:30 PM | $26.20 | $37.52 |
| Previous close 09/17/2026 | $26.47 | $37.74 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
FLN | EWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FLN | EWZ | |
|---|---|---|
| Last price | $26.20 | $37.52 |
| 1D performance | -1.02% | -0.58% |
| AuM | $46.22 M | $8.58 B |
| E/R | 0.8% | 0.59% |
Characteristics
FLN | EWZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX Latin America Index | MSCI Brazil 25/50 Index |
| N° of holdings | 45 | 43 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 18, 2011 | July 10, 2000 |
| ESG | No | No |
Advertisement
Exposure
Countries
FLN
Brazil
43.97%
Mexico
24.82%
Chile
14.01%
Other
17.2%
EWZ
Brazil
96.76%
Other
3.24%
Sectors
FLN
Finance
27.97%
Utilities
15.26%
Non-Energy Materi.
12.18%
Consumer Non-Cycl.
10.8%
Energy
9.13%
Other
24.66%
EWZ
Finance
36.47%
Energy
15.27%
Non-Energy Materi.
13.62%
Utilities
13.23%
Industrials
7.02%
Other
14.39%
Advertisement
Diversification
FLN
Total weight of top 15 holdings out of 15
46.84%
EWZ
Total weight of top 15 holdings out of 15
69.74%
Top 15 holdings
Data as of July 31, 2026
FLN
Ultrapar Participaçoes SA
4.12%
Coca-Cola FEMSA SAB de CV
4.00%
Fibra Uno Administración SA de CV
3.67%
Eneva SA
3.50%
PRIO SA
3.23%
Petróleo Brasileiro SA
3.14%
Companhia Paranaense de Energia
3.13%
Enel Chile SA
3.13%
Credicorp Ltd.
2.99%
Suzano SA
2.93%
Empresas Copec SA
2.76%
Companhia Energética de Minas Gerais SA
2.72%
CEMEX SAB de CV
2.56%
Promotora y Operadora de Infraestructura SA
2.56%
Itausa SA
2.40%
EWZ
Vale SA
10.01%
Nu Holdings Ltd.
9.32%
Itaú Unibanco Holding SA
8.39%
Petróleo Brasileiro SA
6.75%
Petróleo Brasileiro SA
6.51%
Banco Bradesco SA
3.68%
B3 SA-Brasil, Bolsa, Balcão
3.27%
AXIA Energia SA
3.25%
WEG SA
3.12%
Ambev SA
3.02%
Banco BTG Pactual SA
2.72%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.71%
Itausa SA
2.54%
Embraer SA
2.44%
PRIO SA
2.01%
Frequently asked questions about FLN and EWZ
How have the FLN and EWZ ETFs performed in 2026?
As of September 17, 2026, FLN is up 18.5% year-to-date (YTD), while EWZ has returned 18.74%. That puts EWZ better performer ahead so far this year.
Which ETF is attracting more investor money: FLN or EWZ?
Year-to-date, the FLN ETF saw +$27M in flows, compared to +$1.01B for EWZ.
Which ETF is more volatile: FLN or EWZ?
Over the past year, FLN had a volatility of 20.73%, while EWZ experienced 24.4%.
Which ETF is bigger: FLN or EWZ?
As of September 17, 2026, FLN holds $46.22 M in assets under management (AUM), while EWZ manages $8.58 B.
What sectors do the FLN and EWZ ETFs invest in?
FLN leans toward sectors like Finance, Utilities and Non-Energy Materials. Meanwhile, EWZ focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the FLN ETF and EWZ ETF?
FLN top holdings include Ultrapar Participaçoes SA, Coca-Cola FEMSA SAB de CV and Fibra Uno Administración SA de CV. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.
Which ETF is more diversified: FLN or EWZ?
FLN holds 46 securities with 46.84% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.74%.
Advertisement
Latest news about FLN & EWZ
Advertisement
