FSZvsIEURETF Comparison
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First Trust Switzerland AlphaDEX Fund ETF (FSZ) and iShares Core MSCI Europe ETF (IEUR) belong to the same industry segment: Europe Blended Cap. FSZ's top 3 sector exposures are Finance, Industrials and Consumer Non-Cyclicals. In contrast, IEUR's top sector exposures are Finance, Industrials and Healthcare. FSZ is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.1% for IEUR. FSZ is up 2.1% year-to-date (YTD) with -$8M in YTD flows. IEUR performs better with 10.54% YTD performance, and +$1.59B in YTD flows. Run a side-by-side ETF comparison of FSZ and IEUR 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 IEUR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSZ IEUR | -1.42%-0.11% | -0.72%+3.17% | +2.10%+10.54% | +7.40%+20.56% | +40.94%+65.14% | +27.47%+50.45% |
| Flows | FSZ IEUR | -+$304M | -$4M+$281M | -$8M+$1.59B | -$47M+$1.35B | -$79M+$2.83B | -$84M+$2.46B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSZ IEUR | +12.96%+13.71% | +14.15%+15.36% | +14.33%+14.98% | +16.93%+17.41% |
| Max drawdown | FSZ IEUR | -4.06%-2.69% | -10.68%-11.85% | -12.99%-13.88% | -33.92%-32.66% |
| Max drawdown duration | FSZ IEUR | 49d8d | 185d110d | 208d44d | 921d902d |
Trading data
FSZ | IEUR | |
Last sale 9/2/2026 at 1:30 PM | $80.80 | $77.57 |
| Previous close 09/02/2026 | $80.56 | $76.93 |
| 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 | IEUR | |
|---|---|---|
| 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 | IEUR | |
|---|---|---|
| Last price | $80.80 | $77.57 |
| 1D performance | +0.30% | +0.83% |
| AuM | $36.38 M | $9.28 B |
| E/R | 0.8% | 0.1% |
Characteristics
FSZ | IEUR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX Switzerland Index | MSCI Europe IMI Index |
| N° of holdings | 32 | 993 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 14, 2012 | June 10, 2014 |
| ESG | No | No |
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Exposure
Countries
FSZ
Switzerland
78.21%
Other
21.79%
IEUR
United Kingdom
22.08%
Switzerland
14.86%
France
13.06%
Germany
13.02%
Netherlands
9.34%
Other
27.64%
Sectors
FSZ
Finance
24.51%
Industrials
14.74%
Consumer Non-Cycl.
8.68%
Other
52.07%
IEUR
Finance
25.98%
Industrials
17.05%
Healthcare
11.91%
Technology
9.81%
Consumer Non-Cycl.
8.57%
Other
26.69%
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Diversification
FSZ
Total weight of top 15 holdings out of 15
53.82%
IEUR
Total weight of top 15 holdings out of 15
24.26%
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%
IEUR
ASML Holding NV
4.03%
HSBC Holdings Plc
2.29%
Roche Holding AG
1.92%
Novartis AG
1.80%
Nestlé SA
1.65%
AstraZeneca PLC
1.62%
Shell Plc
1.56%
Siemens AG
1.51%
Banco Santander SA
1.26%
Allianz SE
1.18%
SAP SE
1.17%
Schneider Electric SE
1.12%
TotalEnergies SE
1.07%
UBS Group AG
1.05%
Rolls-Royce Holdings Plc
1.03%
Frequently asked questions about FSZ and IEUR
How have the FSZ and IEUR ETFs performed in 2026?
As of September 2, 2026, FSZ is up 2.1% year-to-date (YTD), while IEUR has returned 10.54%. That puts IEUR better performer ahead so far this year.
Which ETF is attracting more investor money: FSZ or IEUR?
Year-to-date, the FSZ ETF saw -$8M in flows, compared to +$1.59B for IEUR.
Which ETF is more volatile: FSZ or IEUR?
Over the past year, FSZ had a volatility of 14.15%, while IEUR experienced 15.36%.
Which ETF is bigger: FSZ or IEUR?
As of September 2, 2026, FSZ holds $36.38 M in assets under management (AUM), while IEUR manages $9.28 B.
What sectors do the FSZ and IEUR ETFs invest in?
FSZ leans toward sectors like Finance, Industrials and Consumer Non-Cyclicals. Meanwhile, IEUR focuses on Finance, Industrials and Healthcare.
What are the top holdings of the FSZ ETF and IEUR ETF?
FSZ top holdings include Sulzer AG, Swiss Re AG and Vontobel Holding AG. IEUR holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: FSZ or IEUR?
FSZ holds 32 securities with 53.82% of its assets in the top 15. IEUR has 1008 securities and a top 15 weight of 24.26%.
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