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FSZvsEWPETF Comparison

ETF 1

FSZ

First Trust Switzerland AlphaDEX Fund ETF

This fund is part of

Europe Blended Cap

+0.04%

Full FSZ fund page

VS

ETF 2

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

+0.04%

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, Industrials 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 2.1% year-to-date (YTD) with -$8M in YTD flows. EWP performs better with 16.71% YTD performance, and +$187M 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 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSZ EWP	-1.42%-0.10%	-0.72%+9.33%	+2.10%+16.71%	+7.40%+35.63%	+40.94%+146.48%	+27.47%+153.17%
Flows	FSZ EWP	-+$112M	-$4M+$424M	-$8M+$187M	-$47M+$440M	-$79M+$558M	-$84M+$560M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSZ EWP	+12.96%+15.12%	+14.15%+17.85%	+14.33%+17.69%	+16.93%+19.32%
Max drawdown	FSZ EWP	-4.06%-2.85%	-10.68%-11.32%	-12.99%-11.46%	-33.92%-30.28%
Max drawdown duration	FSZ EWP	49d18d	185d106d	208d138d	921d457d

Trading data

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	FSZ	EWP
Last sale 9/2/2026 at 1:30 PM	$80.80	$62.59
Previous close 09/02/2026	$80.56	$61.93
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	EWP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	FSZ	EWP
Last price	$80.80	$62.59
1D performance	+0.30%	+1.07%
AuM	$36.38 M	$2.25 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	32	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

78.21%

Other

21.79%

EWP

Spain

93.9%

Other

6.1%

Sectors

FSZ

Finance

24.51%

Industrials

14.74%

Consumer Non-Cycl.

8.68%

Other

52.07%

EWP

Finance

44.78%

Utilities

21.11%

Industrials

18.45%

Other

15.65%

Diversification

FSZ

Total weight of top 15 holdings out of 15

53.82%

EWP

Total weight of top 15 holdings out of 15

89.51%

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%

EWP

Banco Santander SA

19.50%

Banco Bilbao Vizcaya Argentaria SA

13.97%

Iberdrola SA

13.56%

Industria de Diseño Textil SA

4.60%

Repsol SA

4.54%

CaixaBank SA

4.53%

Ferrovial NV

4.01%

Amadeus IT Group SA

3.74%

ACS, Actividades de Construcción y Servicios SA

3.56%

Aena S.M.E. SA

3.42%

Banco de Sabadell SA

3.26%

Endesa SA

3.04%

Naturgy Energy Group SA

3.00%

Cellnex Telecom SA

2.39%

Telefónica SA

2.38%

Frequently asked questions about FSZ and EWP

How have the FSZ and EWP ETFs performed in 2026?

As of September 2, 2026, FSZ is up 2.1% year-to-date (YTD), while EWP has returned 16.71%. 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 +$187M for EWP.

Which ETF is more volatile: FSZ or EWP?

Over the past year, FSZ had a volatility of 14.15%, while EWP experienced 17.85%.

Which ETF is bigger: FSZ or EWP?

As of September 2, 2026, FSZ holds $36.38 M in assets under management (AUM), while EWP manages $2.25 B.

What sectors do the FSZ and EWP ETFs invest in?

FSZ leans toward sectors like Finance, Industrials 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 Sulzer AG, Swiss Re AG and Vontobel Holding AG. EWP holds in its top three: Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola 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 September 2, 2026, FSZ is up 2.1% year-to-date (YTD), while EWP has returned 16.71%. 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 +$187M for EWP.

Which ETF is more volatile: FSZ or EWP?

Over the past year, FSZ had a volatility of 14.15%, while EWP experienced 17.85%.

Which ETF is bigger: FSZ or EWP?

As of September 2, 2026, FSZ holds $36.38 M in assets under management (AUM), while EWP manages $2.25 B.

What sectors do the FSZ and EWP ETFs invest in?

FSZ leans toward sectors like Finance, Industrials 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 Sulzer AG, Swiss Re AG and Vontobel Holding AG. EWP holds in its top three: Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA.

Which ETF is more diversified: FSZ or EWP?

FSZ holds 32 securities with 53.82% of its assets in the top 15. EWP has 22 securities and a top 15 weight of 89.51%.

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