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FSZvsEWPETF Comparison

ETF 1

FSZ

First Trust Switzerland AlphaDEX Fund ETF

This fund is part of

Europe Blended Cap

-0.41%

Full FSZ fund page

VS

ETF 2

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

-0.41%

Full EWP fund page

First Trust Switzerland AlphaDEX Fund ETF (FSZ) and iShares MSCI Spain ETF (EWP) belong to the same industry segment: Europe Blended Cap. FSZ's top 3 sector exposures are Finance, Non-Energy Materials and Consumer Non-Cyclicals. In contrast, EWP's top sector exposures are Finance, Utilities and Industrials. FSZ is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.5% for EWP. FSZ is up 4.15% year-to-date (YTD) with -$8M in YTD flows. EWP performs better with 11.42% YTD performance, and -$5M in YTD flows. Run a side-by-side ETF comparison of FSZ and EWP 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 EWP performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSZ EWP	+0.48%+0.66%	+1.79%+2.87%	+4.15%+11.42%	+8.11%+37.90%	+38.82%+122.33%	+37.90%+161.61%
Flows	FSZ EWP	-$4M+$86M	-$4M+$12M	-$8M-$5M	-$43M+$204M	-$109M+$422M	-$84M+$528M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSZ EWP	+14.36%+18.68%	+14.30%+17.98%	+14.29%+17.75%	+16.92%+19.32%
Max drawdown	FSZ EWP	-4.79%-5.41%	-10.68%-11.32%	-13.26%-11.50%	-33.92%-30.28%
Max drawdown duration	FSZ EWP	39d53d	137d106d	148d113d	921d457d

Trading data

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	FSZ	EWP
Last sale 7/17/2026 at 1:30 PM	$82.06	$59.16
Previous close 07/16/2026	$82.29	$59.28
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	FSZ	EWP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	FSZ	EWP
Last price	$82.06	$59.16
1D performance	-0.28%	-0.20%
AuM	$37.12 M	$1.96 B
E/R	0.8%	0.5%

Characteristics

	FSZ	EWP
Management strategy	Passive	Passive
Provider	First Trust	iShares
Benchmark	NASDAQ AlphaDEX Switzerland Index	MSCI Spain 25/50 Index
N° of holdings	35	22
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 14, 2012	March 12, 1996
ESG	No	No

More FSZ data on Trackinsight

More EWP data on Trackinsight

Exposure

Countries

FSZ

Switzerland

77.7%

Other

22.3%

EWP

Spain

92.99%

Other

7.01%

Sectors

FSZ

Finance

22.63%

Non-Energy Materi.

12.44%

Consumer Non-Cycl.

10.04%

Industrials

7.58%

Other

47.31%

EWP

Finance

42.08%

Utilities

21.2%

Industrials

20.29%

Other

16.44%

Diversification

FSZ

Total weight of top 15 holdings out of 15

50.39%

EWP

Total weight of top 15 holdings out of 15

88.89%

Top 15 holdings

Data as of May 31, 2026

FSZ

SFS Group AG

4.80%

VAT Group AG

3.85%

Swisscom AG

3.84%

Barry Callebaut AG

3.75%

Bucher Industries AG

3.52%

SIG Group AG

3.40%

PSP Swiss Property AG

3.38%

Avolta AG

3.38%

UBS Group AG

3.38%

Adecco Group AG

3.02%

BKW AG

2.93%

Emmi AG

2.91%

EFG International AG

2.82%

Vontobel Holding AG

2.71%

DKSH Holding Ltd.

2.70%

EWP

Banco Santander SA

18.41%

Iberdrola SA

13.63%

Banco Bilbao Vizcaya Argentaria SA

12.64%

Industria de Diseño Textil SA

4.60%

CaixaBank SA

4.54%

Ferrovial NV

4.50%

ACS, Actividades de Construcción y Servicios SA

4.30%

Amadeus IT Group SA

4.16%

Repsol SA

4.07%

Aena S.M.E. SA

3.42%

Naturgy Energy Group SA

3.19%

Banco de Sabadell SA

3.06%

Endesa SA

2.81%

Telefónica SA

2.81%

Cellnex Telecom SA

2.75%

Frequently asked questions about FSZ and EWP

How have the FSZ and EWP ETFs performed in 2026?

As of July 16, 2026, FSZ is up 4.15% year-to-date (YTD), while EWP has returned 11.42%. That puts EWP better performer ahead so far this year.

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

Year-to-date, the FSZ ETF saw -$8M in flows, compared to -$5M for EWP.

Which ETF is more volatile: FSZ or EWP?

Over the past year, FSZ had a volatility of 14.3%, while EWP experienced 17.98%.

Which ETF is bigger: FSZ or EWP?

As of July 16, 2026, FSZ holds $37.12 M in assets under management (AUM), while EWP manages $1.96 B.

What sectors do the FSZ and EWP ETFs invest in?

FSZ leans toward sectors like Finance, Non-Energy Materials and Consumer Non-Cyclicals. Meanwhile, EWP focuses on Finance, Utilities and Industrials.

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

FSZ top holdings include SFS Group AG, VAT Group AG and Swisscom AG. EWP holds in its top three: Banco Santander SA, Iberdrola SA and Banco Bilbao Vizcaya Argentaria SA.

FSZvsEWPETF Comparison

First Trust Switzerland AlphaDEX Fund ETF

iShares MSCI Spain ETF

FSZ vs EWP performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FSZ and EWP ETFs performed in 2026?

As of July 16, 2026, FSZ is up 4.15% year-to-date (YTD), while EWP has returned 11.42%. That puts EWP better performer ahead so far this year.

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

Year-to-date, the FSZ ETF saw -$8M in flows, compared to -$5M for EWP.

Which ETF is more volatile: FSZ or EWP?

Over the past year, FSZ had a volatility of 14.3%, while EWP experienced 17.98%.

Which ETF is bigger: FSZ or EWP?

As of July 16, 2026, FSZ holds $37.12 M in assets under management (AUM), while EWP manages $1.96 B.

What sectors do the FSZ and EWP ETFs invest in?

FSZ leans toward sectors like Finance, Non-Energy Materials and Consumer Non-Cyclicals. Meanwhile, EWP focuses on Finance, Utilities and Industrials.

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

FSZ top holdings include SFS Group AG, VAT Group AG and Swisscom AG. EWP holds in its top three: Banco Santander SA, Iberdrola SA and Banco Bilbao Vizcaya Argentaria SA.

Which ETF is more diversified: FSZ or EWP?

FSZ holds 35 securities with 50.39% of its assets in the top 15. EWP has 22 securities and a top 15 weight of 88.89%.

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