FLNvsEWZSETF Comparison
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First Trust Latin America AlphaDEX Fund ETF (FLN) and iShares MSCI Brazil Small-Cap ETF (EWZS) belong to the same industry segment: LatAm Blended Cap. FLN's top 3 sector exposures are Finance, Utilities and Non-Energy Materials. In contrast, EWZS's top sector exposures are Finance, Consumer Non-Cyclicals and Utilities. FLN is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.59% for EWZS. FLN is up 17.1% year-to-date (YTD) with +$19M in YTD flows. EWZS performs worse with 2.49% YTD performance, and +$71M in YTD flows. Run a side-by-side ETF comparison of FLN and EWZS 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 EWZS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLN EWZS | +5.69%+2.21% | -1.73%-10.92% | +17.10%+2.49% | +42.93%+15.73% | +47.50%-5.77% | +76.58%-12.64% |
| Flows | FLN EWZS | +$1M-$10M | +$1M-$67M | +$19M+$71M | +$17M+$64M | -$60M+$106M | +$24M+$173M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLN EWZS | +19.33%+29.66% | +20.68%+29.83% | +19.62%+28.79% | +21.44%+32.43% |
| Max drawdown | FLN EWZS | -11.20%-18.08% | -13.17%-21.05% | -24.88%-37.52% | -24.88%-42.71% |
| Max drawdown duration | FLN EWZS | 85d86d | 107d108d | 444d856d | 444d1394d |
Trading data
FLN | EWZS | |
Last sale 7/31/2026 at 1:30 PM | $26.11 | $13.21 |
| Previous close 07/31/2026 | $26.08 | $13.24 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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FLN | EWZS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
FLN | EWZS | |
|---|---|---|
| Last price | $26.11 | $13.21 |
| 1D performance | +0.12% | -0.23% |
| AuM | $37.84 M | $227.80 M |
| E/R | 0.8% | 0.59% |
Characteristics
FLN | EWZS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX Latin America Index | MSCI Brazil Small Cap Index |
| N° of holdings | 45 | 69 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 18, 2011 | September 28, 2010 |
| ESG | No | No |
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Exposure
Countries
FLN
Brazil
44.76%
Mexico
24.72%
Chile
13.39%
Other
17.13%
EWZS
Brazil
97.51%
Other
2.49%
Sectors
FLN
Finance
28.77%
Utilities
16.11%
Non-Energy Materi.
11.91%
Consumer Non-Cycl.
10.43%
Energy
7.95%
Other
24.83%
EWZS
Finance
26.97%
Consumer Non-Cycl.
16.16%
Utilities
15.61%
Non-Energy Materi.
10.17%
Other
31.09%
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Diversification
FLN
Total weight of top 15 holdings out of 15
46.08%
EWZS
Total weight of top 15 holdings out of 15
47.66%
Top 15 holdings
Data as of June 30, 2026
FLN
Coca-Cola FEMSA SAB de CV
3.77%
Eneva SA
3.70%
Fibra Uno Administración SA de CV
3.64%
Companhia Paranaense de Energia
3.36%
Enel Chile SA
3.17%
Credicorp Ltd.
3.15%
Ultrapar Participaçoes SA
3.14%
Companhia Energética de Minas Gerais SA
2.96%
CEMEX SAB de CV
2.95%
Promotora y Operadora de Infraestructura SA
2.76%
PRIO SA
2.74%
Itaú Unibanco Holding SA
2.70%
Suzano SA
2.70%
Petróleo Brasileiro SA
2.69%
Itausa SA
2.65%
EWZS
TOTVS SA
5.07%
Companhia de Saneamento de Minas Gerais
4.99%
Lojas Renner SA
4.88%
Sendas Distribuidora SA
3.99%
Allos SA
3.69%
Multiplan Empreendimentos Imobiliários SA (Rio de Janeiro)
3.29%
Smartfit Escola de Ginástica e Dança SA
2.66%
Natura Cosméticos SA
2.63%
Metalúrgica Gerdau SA
2.60%
Transmissora Aliança de Energia Elétrica SA
2.51%
PagSeguro Digital Ltd.
2.35%
Inter & Co., Inc.
2.29%
Brava Energia SA
2.27%
Cosan SA
2.22%
Hypera SA
2.22%
Frequently asked questions about FLN and EWZS
How have the FLN and EWZS ETFs performed in 2026?
As of July 30, 2026, FLN is up 17.1% year-to-date (YTD), while EWZS has returned 2.49%. That puts FLN better performer ahead so far this year.
Which ETF is attracting more investor money: FLN or EWZS?
Year-to-date, the FLN ETF saw +$19M in flows, compared to +$71M for EWZS.
Which ETF is more volatile: FLN or EWZS?
Over the past year, FLN had a volatility of 20.68%, while EWZS experienced 29.83%.
Which ETF is bigger: FLN or EWZS?
As of July 30, 2026, FLN holds $37.84 M in assets under management (AUM), while EWZS manages $227.80 M.
What sectors do the FLN and EWZS ETFs invest in?
FLN leans toward sectors like Finance, Utilities and Non-Energy Materials. Meanwhile, EWZS focuses on Finance, Consumer Non-Cyclicals and Utilities.
What are the top holdings of the FLN ETF and EWZS ETF?
FLN top holdings include Coca-Cola FEMSA SAB de CV, Eneva SA and Fibra Uno Administración SA de CV. EWZS holds in its top three: TOTVS SA, Companhia de Saneamento de Minas Gerais and Lojas Renner SA.
Which ETF is more diversified: FLN or EWZS?
FLN holds 46 securities with 46.08% of its assets in the top 15. EWZS has 71 securities and a top 15 weight of 47.66%.
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