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FSZvsEWLETF Comparison

ETF 1
FSZ

First Trust Switzerland AlphaDEX Fund ETF

This fund is part of
Europe Blended Cap
+0.04%
VS
ETF 2
EWL

iShares MSCI Switzerland ETF

This fund is part of
Europe Blended Cap
+0.04%

First Trust Switzerland AlphaDEX Fund ETF (FSZ) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. FSZ's top 3 sector exposures are Finance, Industrials and Consumer Non-Cyclicals. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. FSZ is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.5% for EWL. FSZ is up 2.1% year-to-date (YTD) with -$8M in YTD flows. EWL performs better with 6.8% YTD performance, and +$794M in YTD flows. Run a side-by-side ETF comparison of FSZ and EWL 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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FSZ vs EWL performance and flow charts

Performance

-1.00.01.02.0%Aug 3Aug 10Aug 17Aug 24Aug 31

Cumulative Flows

0 M50 M100 M150 M200 M250 MAug 3Aug 10Aug 17Aug 24Aug 31

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Historic performance and flows
Data as of 09/02/2026
1M3MYTD1Y3Y5Y
Perf.
FSZ
EWL
-1.42%-0.54%
-0.72%+3.69%
+2.10%+6.80%
+7.40%+17.03%
+40.94%+47.49%
+27.47%+36.30%
Flows
FSZ
EWL
-+$247M
-$4M+$691M
-$8M+$794M
-$47M+$909M
-$79M+$790M
-$84M+$449M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FSZ
EWL
+12.96%+14.53%
+14.15%+15.35%
+14.33%+14.78%
+16.93%+15.98%
Max drawdown
FSZ
EWL
-4.06%-3.27%
-10.68%-13.49%
-12.99%-13.56%
-33.92%-28.82%
Max drawdown duration
FSZ
EWL
49d24d
185d156d
208d185d
921d925d
Trading data

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FSZ
EWL
Last sale
9/2/2026 at 1:30 PM
$80.80
$63.49
Previous close
09/02/2026
$80.56
$62.89
Consolidated volume
09/02/2026
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

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FSZ
EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FSZ
EWL
Last price
$80.80
$63.49
1D performance
+0.30%
+0.95%
AuM$36.38 M$2.42 B
E/R0.8%0.5%
Characteristics
FSZ
EWL
Management strategyPassivePassive
ProviderFirst TrustiShares
BenchmarkNASDAQ AlphaDEX Switzerland IndexMSCI Switzerland 25/50 Index
N° of holdings3238
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateFebruary 14, 2012March 12, 1996
ESGNoNo
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Exposure

Countries

FSZ
Switzerland
78.21%
Other
21.79%
EWL
Switzerland
98.78%
Other
1.22%

Sectors

FSZ
Finance
24.51%
Industrials
14.74%
Consumer Non-Cycl.
8.68%
Other
52.07%
EWL
Healthcare
37.22%
Finance
18.96%
Consumer Non-Cycl.
14.24%
Industrials
8.82%
Non-Energy Materi.
8.69%
Other
12.06%
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Diversification

FSZ

Total weight of top 15 holdings out of 15

53.82%
EWL

Total weight of top 15 holdings out of 15

76.05%

Top 15 holdings

Data as of July 31, 2026
FSZ
Sulzer AG
4.66%
Swiss Re AG
4.55%
Vontobel Holding AG
4.15%
BKW AG
3.92%
ABB Ltd.
3.84%
Flughafen Zürich AG
3.82%
Avolta AG
3.78%
VAT Group AG
3.61%
Swisscom AG
3.45%
PSP Swiss Property AG
3.39%
SFS Group AG
3.28%
Emmi AG
3.22%
Partners Group Holding AG
2.74%
DKSH Holding Ltd.
2.71%
UBS Group AG
2.70%
EWL
Roche Holding AG
13.55%
Novartis AG
12.60%
Nestlé SA
11.47%
ABB Ltd.
5.66%
Compagnie Financière Richemont SA
5.13%
UBS Group AG
4.89%
Zurich Insurance Group AG
4.46%
Lonza Group AG
2.70%
Swiss Re AG
2.67%
Holcim Ltd.
2.57%
Galderma Group AG
2.32%
Givaudan SA
2.12%
Sika AG
1.98%
Alcon AG
1.96%
Sandoz Group AG
1.95%
Frequently asked questions about FSZ and EWL

How have the FSZ and EWL ETFs performed in 2026?

As of September 2, 2026, FSZ is up 2.1% year-to-date (YTD), while EWL has returned 6.8%. That puts EWL better performer ahead so far this year.

Which ETF is attracting more investor money: FSZ or EWL?

Year-to-date, the FSZ ETF saw -$8M in flows, compared to +$794M for EWL.

Which ETF is more volatile: FSZ or EWL?

Over the past year, FSZ had a volatility of 14.15%, while EWL experienced 15.35%.

Which ETF is bigger: FSZ or EWL?

As of September 2, 2026, FSZ holds $36.38 M in assets under management (AUM), while EWL manages $2.42 B.

What sectors do the FSZ and EWL ETFs invest in?

FSZ leans toward sectors like Finance, Industrials and Consumer Non-Cyclicals. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

What are the top holdings of the FSZ ETF and EWL ETF?

FSZ top holdings include Sulzer AG, Swiss Re AG and Vontobel Holding AG. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: FSZ or EWL?

FSZ holds 32 securities with 53.82% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.05%.

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