FSZvsHEDJETF Comparison
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First Trust Switzerland AlphaDEX Fund ETF (FSZ) and WisdomTree Europe Hedged Equity Fund (HEDJ) 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, HEDJ's top sector exposures are Industrials, Finance and Consumer Cyclicals. FSZ is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.58% for HEDJ. FSZ is up 4.15% year-to-date (YTD) with -$8M in YTD flows. HEDJ performs better with 7.9% YTD performance, and -$67M in YTD flows. Run a side-by-side ETF comparison of FSZ and HEDJ 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 HEDJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSZ HEDJ | +0.48%-1.58% | +1.79%+2.07% | +4.15%+7.90% | +8.11%+17.62% | +38.82%+48.58% | +37.90%+72.21% |
| Flows | FSZ HEDJ | -$4M- | -$4M-$25M | -$8M-$67M | -$43M-$137M | -$109M-$114M | -$84M-$722M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSZ HEDJ | +14.36%+13.83% | +14.30%+14.35% | +14.29%+14.42% | +16.92%+16.04% |
| Max drawdown | FSZ HEDJ | -4.79%-4.60% | -10.68%-10.75% | -13.26%-15.72% | -33.92%-22.44% |
| Max drawdown duration | FSZ HEDJ | 39d32d | 137d90d | 148d74d | 921d406d |
Trading data
FSZ | HEDJ | |
Last sale 7/17/2026 at 1:30 PM | $82.06 | $56.15 |
| Previous close 07/16/2026 | $82.29 | $56.29 |
| 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 | HEDJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
FSZ | HEDJ | |
|---|---|---|
| Last price | $82.06 | $56.15 |
| 1D performance | -0.28% | -0.26% |
| AuM | $37.12 M | $1.83 B |
| E/R | 0.8% | 0.58% |
Characteristics
FSZ | HEDJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | WisdomTree |
| Benchmark | NASDAQ AlphaDEX Switzerland Index | WisdomTree Europe Equity Index |
| N° of holdings | 35 | 139 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 14, 2012 | December 31, 2009 |
| ESG | No | No |
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Exposure
Countries
FSZ
Switzerland
77.7%
Other
22.3%
HEDJ
Germany
23.73%
France
20.56%
Netherlands
18.71%
Spain
17.85%
Other
19.15%
Sectors
FSZ
Finance
22.63%
Non-Energy Materi.
12.44%
Consumer Non-Cycl.
10.04%
Industrials
7.58%
Other
47.31%
HEDJ
Industrials
23.99%
Finance
15.09%
Consumer Cyclical.
12.91%
Consumer Non-Cycl.
11.93%
Technology
11.6%
Non-Energy Materi.
7.83%
Other
16.66%
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Diversification
FSZ
Total weight of top 15 holdings out of 15
50.39%
HEDJ
Total weight of top 15 holdings out of 15
51.07%
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%
HEDJ
ASML Holding NV
6.31%
Banco Bilbao Vizcaya Argentaria SA
5.86%
Banco Santander SA
5.75%
Siemens AG
4.21%
Deutsche Telekom AG
4.09%
LVMH Moët Hennessy Louis Vuitton SE
4.04%
Sanofi
3.70%
L'Oréal SA
3.20%
Anheuser-Busch InBev NV
2.60%
BASF SE
2.20%
Bayerische Motoren Werke AG
2.11%
Schneider Electric SE
1.84%
SAP SE
1.77%
Daimler Truck Holding AG
1.70%
ACS, Actividades de Construcción y Servicios SA
1.69%
Frequently asked questions about FSZ and HEDJ
How have the FSZ and HEDJ ETFs performed in 2026?
As of July 16, 2026, FSZ is up 4.15% year-to-date (YTD), while HEDJ has returned 7.9%. That puts HEDJ better performer ahead so far this year.
Which ETF is attracting more investor money: FSZ or HEDJ?
Year-to-date, the FSZ ETF saw -$8M in flows, compared to -$67M for HEDJ.
Which ETF is more volatile: FSZ or HEDJ?
Over the past year, FSZ had a volatility of 14.3%, while HEDJ experienced 14.35%.
Which ETF is bigger: FSZ or HEDJ?
As of July 16, 2026, FSZ holds $37.12 M in assets under management (AUM), while HEDJ manages $1.83 B.
What sectors do the FSZ and HEDJ ETFs invest in?
FSZ leans toward sectors like Finance, Non-Energy Materials and Consumer Non-Cyclicals. Meanwhile, HEDJ focuses on Industrials, Finance and Consumer Cyclicals.
What are the top holdings of the FSZ ETF and HEDJ ETF?
FSZ top holdings include SFS Group AG, VAT Group AG and Swisscom AG. HEDJ holds in its top three: ASML Holding NV, Banco Bilbao Vizcaya Argentaria SA and Banco Santander SA.
Which ETF is more diversified: FSZ or HEDJ?
FSZ holds 35 securities with 50.39% of its assets in the top 15. HEDJ has 139 securities and a top 15 weight of 51.07%.
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Latest news about FSZ & HEDJ
Should You Hedge Currency Risk in European Equity ETFs?
April 9, 2025
HEDJ
An introduction to foreign ETFs
July 26, 2022
HEDJ
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