FLNvsEWZETF Comparison
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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 Financials, Utilities and Materials. In contrast, EWZ's top sector exposures are Financials, Energy and Materials. FLN is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.59% for EWZ. FLN is up 21.06% year-to-date (YTD) with +$18M in YTD flows. EWZ performs better with 25.5% YTD performance, and +$3.18B 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.
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FLN vs EWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLN EWZ | +9.92%+8.84% | +5.80%+9.25% | +21.06%+25.50% | +53.97%+57.60% | +76.68%+72.58% | +80.48%+66.19% |
| Flows | FLN EWZ | -+$1.53B | +$12M+$2.43B | +$18M+$3.18B | +$19M+$5.54B | -$57M+$4.66B | +$21M+$4.13B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLN EWZ | +27.91%+29.81% | +19.39%+23.15% | +19.32%+23.39% | +21.61%+27.46% |
| Max drawdown | FLN EWZ | -11.36%-11.10% | -11.36%-11.10% | -24.88%-31.40% | -24.88%-32.10% |
| Max drawdown duration | FLN EWZ | 42d42d | 42d42d | 444d680d | 444d605d |
Trading data
FLN | EWZ | |
Last sale 4/27/2026 at 1:30 PM | $27.06 | $39.89 |
| Previous close 04/24/2026 | $27.22 | $39.94 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FLN | EWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
FLN | EWZ | |
|---|---|---|
| Last price | $27.06 | $39.89 |
| 1D performance | -0.59% | -0.13% |
| AuM | $38.16 M | $11.65 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 | 40 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 18, 2011 | July 10, 2000 |
| ESG | No | No |
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Exposure
Countries
FLN
Brazil
53.3%
Mexico
17.74%
Chile
11.3%
Other
17.66%
EWZ
Brazil
86.86%
Cayman Islands
10.7%
Other
2.44%
Sectors
FLN
Financials
19.6%
Utilities
16.91%
Materials
14.64%
Energy
13.34%
Other
35.51%
EWZ
Financials
34.77%
Energy
17.72%
Materials
13.52%
Utilities
8.6%
Other
25.38%
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Diversification
FLN
Total weight of top 15 holdings out of 15
47.66%
EWZ
Total weight of top 15 holdings out of 15
70.38%
Top 15 holdings
Data as of March 31, 2026
FLN
PETRO RIO
4.73%
ENEVA SA
4.25%
PETROLEO BRASILEIRO PRF
4.24%
ELETROBRAS
3.21%
CEMIG PRF
3.19%
PROLOGIS PROPERTY MEXICO REIT
3.05%
LATAM AIRLINES GROUP
3.05%
INDUSTRIAS PENOLES
2.97%
SACI FALABELLA
2.96%
CEMEX
2.84%
ITAUSA INVESTIMENTOS ITAU PRF
2.84%
COMPANHIA DE SANEAMENTO BASICO
2.74%
GERDAU PRF
2.67%
BCI
2.47%
GRUPO FINANCE BANORTE
2.45%
EWZ
VALE SA
10.45%
NU HOLDINGS
9.00%
ITAU UNIBANCO HOLDING PRF
8.40%
PETROLEO BRASILEIRO PRF
7.70%
PETROLEO BRASILEIRO PETROBRAS
7.05%
BM&F BOVESPA BOLSA DE VALORES
3.63%
BANCO BRADESCO PRF
3.29%
WEG ON
3.21%
COMPANHIA DE SANEAMENTO BASICO
2.95%
AMBEV SA
2.72%
BRAXIAACNOR0
2.69%
ITAUSA INVESTIMENTOS ITAU PRF
2.58%
BANCO BTG PACTUAL SA
2.56%
PETRO RIO
2.09%
BREMBJACNOR1
2.06%
Frequently asked questions about FLN and EWZ
How have the FLN and EWZ ETFs performed in 2026?
As of April 24, 2026, FLN is up 21.06% year-to-date (YTD), while EWZ has returned 25.5%. 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 +$18M in flows, compared to +$3.18B for EWZ.
Which ETF is more volatile: FLN or EWZ?
Over the past year, FLN had a volatility of 19.39%, while EWZ experienced 23.15%.
Which ETF is bigger: FLN or EWZ?
As of April 24, 2026, FLN holds $38.16 M in assets under management (AUM), while EWZ manages $11.65 B.
What sectors do the FLN and EWZ ETFs invest in?
FLN leans toward sectors like Financials, Utilities and Materials. Meanwhile, EWZ focuses on Financials, Energy and Materials.
What are the top holdings of the FLN ETF and EWZ ETF?
FLN top holdings include PETRO RIO, ENEVA SA and PETROLEO BRASILEIRO PRF. EWZ holds in its top three: VALE SA, NU HOLDINGS and ITAU UNIBANCO HOLDING PRF.
Which ETF is more diversified: FLN or EWZ?
FLN holds 45 securities with 47.66% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 70.38%.
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Latest news about FLN & EWZ
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