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 1.18% year-to-date (YTD) with -$8M in YTD flows. IEUR performs better with 5.62% YTD performance, and +$2.03B 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 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSZ IEUR | +3.38%-2.90% | -2.86%-1.18% | +1.18%+5.62% | +5.61%+9.72% | +47.15%+66.52% | +30.79%+47.95% |
| Flows | FSZ IEUR | -+$439M | -+$743M | -$8M+$2.03B | -$47M+$2.10B | -$76M+$3.27B | -$78M+$2.90B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSZ IEUR | +13.32%+11.79% | +14.42%+15.67% | +14.32%+14.94% | +16.84%+17.39% |
| Max drawdown | FSZ IEUR | -6.96%-7.93% | -10.68%-11.85% | -12.99%-13.88% | -33.92%-32.46% |
| Max drawdown duration | FSZ IEUR | 68d55d | 229d110d | 208d44d | 921d834d |
Trading data
FSZ | IEUR | |
Last sale 10/19/2026 at 1:30 PM | $79.82 | $73.88 |
| Previous close 10/19/2026 | $79.88 | $73.36 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/19/2026 at 1:30 PM
Live
Closed
FSZ | IEUR | |
|---|---|---|
| Last price | $79.82 | $73.88 |
| 1D performance | -0.08% | +0.71% |
| AuM | $36.06 M | $9.30 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 | 1000 |
| 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
78.66%
Other
21.34%
IEUR
United Kingdom
21.87%
Switzerland
14.69%
Germany
13.14%
France
12.89%
Netherlands
9.4%
Other
28.01%
Sectors
FSZ
Finance
24.87%
Industrials
14.85%
Consumer Non-Cycl.
8.56%
Other
51.72%
IEUR
Finance
25.93%
Industrials
17.16%
Healthcare
11.53%
Technology
10.24%
Consumer Non-Cycl.
8.13%
Other
27.02%
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Diversification
FSZ
Total weight of top 15 holdings out of 15
54.07%
IEUR
Total weight of top 15 holdings out of 15
24.4%
Top 15 holdings
Data as of August 31, 2026
FSZ
Sulzer AG
5.05%
Swiss Re AG
4.69%
Vontobel Holding AG
4.31%
BKW AG
3.89%
ABB Ltd.
3.79%
Avolta AG
3.59%
Flughafen Zürich AG
3.52%
VAT Group AG
3.52%
PSP Swiss Property AG
3.44%
SFS Group AG
3.43%
Swisscom AG
3.43%
Emmi AG
3.26%
UBS Group AG
2.81%
DKSH Holding Ltd.
2.72%
Partners Group Holding AG
2.62%
IEUR
ASML Holding NV
4.07%
HSBC Holdings Plc
2.21%
Roche Holding AG
1.91%
Novartis AG
1.73%
Shell Plc
1.57%
Nestlé SA
1.56%
AstraZeneca PLC
1.52%
Siemens AG
1.50%
SAP SE
1.40%
Banco Santander SA
1.30%
Allianz SE
1.24%
Schneider Electric SE
1.17%
Rolls-Royce Holdings Plc
1.08%
UBS Group AG
1.07%
TotalEnergies SE
1.06%
Frequently asked questions about FSZ and IEUR
How have the FSZ and IEUR ETFs performed in 2026?
As of October 16, 2026, FSZ is up 1.18% year-to-date (YTD), while IEUR has returned 5.62%. 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 +$2.03B for IEUR.
Which ETF is more volatile: FSZ or IEUR?
Over the past year, FSZ had a volatility of 14.42%, while IEUR experienced 15.67%.
Which ETF is bigger: FSZ or IEUR?
As of October 16, 2026, FSZ holds $36.06 M in assets under management (AUM), while IEUR manages $9.30 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 54.07% of its assets in the top 15. IEUR has 1012 securities and a top 15 weight of 24.4%.
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