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 Finance, Utilities and Non-Energy Materials. In contrast, EWZ's top sector exposures are Finance, Energy and Utilities. FLN is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.59% for EWZ. FLN is up 7.15% year-to-date (YTD) with +$25M in YTD flows. EWZ performs worse with 2.46% YTD performance, and +$4.13B 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 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLN EWZ | -7.82%-15.25% | -8.41%-11.43% | +7.15%+2.46% | +13.77%+7.32% | +48.70%+23.76% | +82.49%+63.88% |
| Flows | FLN EWZ | -$1M+$2.95B | +$6M+$2.32B | +$25M+$4.13B | +$25M+$4.64B | -$23M+$5.39B | +$31M+$5.80B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLN EWZ | +32.73%+50.69% | +25.41%+33.94% | +21.11%+26.70% | +22.15%+28.50% |
| Max drawdown | FLN EWZ | -16.40%-25.81% | -16.40%-25.81% | -24.88%-31.40% | -24.88%-32.10% |
| Max drawdown duration | FLN EWZ | 13d21d | 13d21d | 444d680d | 444d605d |
Trading data
FLN | EWZ | |
Last sale 11/3/2026 at 4:11 PM | $23.55 | $31.74 |
| Previous close 11/02/2026 | $23.62 | $32.16 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 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 11/3/2026 at 4:11 PM
Live
Closed
FLN | EWZ | |
|---|---|---|
| Last price | $23.55 | $31.74 |
| 1D performance | -0.30% | -1.31% |
| AuM | $40.36 M | $9.56 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 |
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Exposure
Countries
FLN
Brazil
47.17%
Mexico
22.38%
Chile
12.6%
Other
17.85%
EWZ
Brazil
96.49%
Other
3.51%
Sectors
FLN
Finance
28.13%
Utilities
15.91%
Non-Energy Materi.
11.27%
Consumer Non-Cycl.
9.83%
Energy
9.02%
Other
25.84%
EWZ
Finance
36.13%
Energy
16.44%
Utilities
12.99%
Non-Energy Materi.
12.62%
Industrials
7.48%
Other
14.34%
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Diversification
FLN
Total weight of top 15 holdings out of 15
47.27%
EWZ
Total weight of top 15 holdings out of 15
69.45%
Top 15 holdings
Data as of September 30, 2026
FLN
Ultrapar Participaçoes SA
4.43%
Eneva SA
3.82%
Coca-Cola FEMSA SAB de CV
3.63%
Companhia Paranaense de Energia
3.49%
Petróleo Brasileiro SA
3.42%
Fibra Uno Administración SA de CV
3.35%
PRIO SA
3.11%
Credicorp Ltd.
2.99%
Companhia Energética de Minas Gerais SA
2.96%
Enel Chile SA
2.86%
Suzano SA
2.79%
Itausa SA
2.75%
Itaú Unibanco Holding SA
2.72%
Empresas Copec SA
2.49%
Promotora y Operadora de Infraestructura SA
2.46%
EWZ
Vale SA
8.92%
Itaú Unibanco Holding SA
8.41%
Nu Holdings Ltd.
8.06%
Petróleo Brasileiro SA
7.51%
Petróleo Brasileiro SA
6.96%
Banco Bradesco SA
3.81%
B3 SA-Brasil, Bolsa, Balcão
3.72%
WEG SA
3.20%
AXIA Energia SA
3.18%
Banco BTG Pactual SA
2.99%
Ambev SA
2.82%
Embraer SA
2.67%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.63%
Itausa SA
2.60%
PRIO SA
1.98%
Frequently asked questions about FLN and EWZ
How have the FLN and EWZ ETFs performed in 2026?
As of November 2, 2026, FLN is up 7.15% year-to-date (YTD), while EWZ has returned 2.46%. That puts FLN better performer ahead so far this year.
Which ETF is attracting more investor money: FLN or EWZ?
Year-to-date, the FLN ETF saw +$25M in flows, compared to +$4.13B for EWZ.
Which ETF is more volatile: FLN or EWZ?
Over the past year, FLN had a volatility of 25.41%, while EWZ experienced 33.94%.
Which ETF is bigger: FLN or EWZ?
As of November 2, 2026, FLN holds $40.36 M in assets under management (AUM), while EWZ manages $9.56 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 Utilities.
What are the top holdings of the FLN ETF and EWZ ETF?
FLN top holdings include Ultrapar Participaçoes SA, Eneva SA and Coca-Cola FEMSA SAB de CV. EWZ holds in its top three: Vale SA, Itaú Unibanco Holding SA and Nu Holdings Ltd..
Which ETF is more diversified: FLN or EWZ?
FLN holds 45 securities with 47.27% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.45%.
Latest news about FLN & EWZ
The Weekly ETF Market Monitor (October 26-30, 2026)
October 31, 2026
EWZ
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
EWZ
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
EWZ
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Tony's ETF Buyer's Guide: Latin America ETFs
June 18, 2024
EWZ
Tony's ETF Buyer's Guide: Latin America ETFs
June 18, 2024
EWZ
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