FLNvsEWZSETF Comparison
VS
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, Utilities and Consumer Non-Cyclicals. FLN is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.59% for EWZS. FLN is up 7.15% year-to-date (YTD) with +$25M in YTD flows. EWZS performs worse with -18.16% YTD performance, and +$294M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FLN vs EWZS 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 EWZS | -7.82%-20.56% | -8.41%-20.37% | +7.15%-18.16% | +13.77%-19.56% | +48.70%-3.43% | +82.49%-8.18% |
| Flows | FLN EWZS | -$1M+$208M | +$6M+$216M | +$25M+$294M | +$25M+$276M | -$23M+$259M | +$31M+$401M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLN EWZS | +32.73%+73.61% | +25.41%+46.39% | +21.11%+35.00% | +22.15%+35.40% |
| Max drawdown | FLN EWZS | -16.40%-37.85% | -16.40%-37.85% | -24.88%-37.85% | -24.88%-42.71% |
| Max drawdown duration | FLN EWZS | 13d19d | 13d19d | 444d19d | 444d1394d |
Trading data
FLN | EWZS | |
Last sale 11/3/2026 at 4:11 PM | $23.55 | $10.26 |
| Previous close 11/02/2026 | $23.62 | $10.48 |
| 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
Create an account to view replication metrics
Join for free
FLN | EWZS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 11/3/2026 at 4:11 PM
Live
Closed
FLN | EWZS | |
|---|---|---|
| Last price | $23.55 | $10.26 |
| 1D performance | -0.30% | -2.15% |
| AuM | $40.36 M | $320.02 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 | 66 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 18, 2011 | September 28, 2010 |
| ESG | No | No |
Advertisement
Exposure
Countries
FLN
Brazil
47.17%
Mexico
22.38%
Chile
12.6%
Other
17.85%
EWZS
Brazil
96.47%
Other
3.53%
Sectors
FLN
Finance
28.13%
Utilities
15.91%
Non-Energy Materi.
11.27%
Consumer Non-Cycl.
9.83%
Energy
9.02%
Other
25.84%
EWZS
Finance
28.23%
Utilities
14.79%
Consumer Non-Cycl.
14.78%
Non-Energy Materi.
9.74%
Other
32.47%
Advertisement
Diversification
FLN
Total weight of top 15 holdings out of 15
47.27%
EWZS
Total weight of top 15 holdings out of 15
49.06%
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%
EWZS
TOTVS SA
5.66%
Sendas Distribuidora SA
4.77%
Companhia de Saneamento de Minas Gerais
4.49%
Allos SA
3.72%
Lojas Renner SA
3.67%
Multiplan Empreendimentos Imobiliários SA (Rio de Janeiro)
3.41%
StoneCo Ltd.
2.99%
Metalúrgica Gerdau SA
2.96%
Isa Energia Brasil SA
2.79%
Smartfit Escola de Ginástica e Dança SA
2.79%
Hypera SA
2.50%
Transmissora Aliança de Energia Elétrica SA
2.50%
Cyrela Brazil Realty SA Empreendimentos e Participações
2.36%
Cosan SA
2.28%
Inter & Co., Inc.
2.18%
Frequently asked questions about FLN and EWZS
How have the FLN and EWZS ETFs performed in 2026?
As of November 2, 2026, FLN is up 7.15% year-to-date (YTD), while EWZS has lost -18.16%. 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 +$25M in flows, compared to +$294M for EWZS.
Which ETF is more volatile: FLN or EWZS?
Over the past year, FLN had a volatility of 25.41%, while EWZS experienced 46.39%.
Which ETF is bigger: FLN or EWZS?
As of November 2, 2026, FLN holds $40.36 M in assets under management (AUM), while EWZS manages $320.02 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, Utilities and Consumer Non-Cyclicals.
What are the top holdings of the FLN ETF and EWZS ETF?
FLN top holdings include Ultrapar Participaçoes SA, Eneva SA and Coca-Cola FEMSA SAB de CV. EWZS holds in its top three: TOTVS SA, Sendas Distribuidora SA and Companhia de Saneamento de Minas Gerais.
Which ETF is more diversified: FLN or EWZS?
FLN holds 45 securities with 47.27% of its assets in the top 15. EWZS has 68 securities and a top 15 weight of 49.06%.
Advertisement
Advertisement
