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, Non-Energy Materials 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 4.15% year-to-date (YTD) with -$8M in YTD flows. IEUR performs better with 7.9% YTD performance, and +$1.28B 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 07/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSZ IEUR | +0.48%+0.75% | +1.79%+0.69% | +4.15%+7.90% | +8.11%+17.75% | +38.82%+53.47% | +37.90%+58.24% |
| Flows | FSZ IEUR | -$4M+$61M | -$4M-$134M | -$8M+$1.28B | -$43M+$909M | -$109M+$2.45B | -$84M+$2.16B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSZ IEUR | +14.36%+17.24% | +14.30%+15.69% | +14.29%+15.01% | +16.92%+17.41% |
| Max drawdown | FSZ IEUR | -4.79%-4.38% | -10.68%-11.85% | -13.26%-13.88% | -33.92%-32.66% |
| Max drawdown duration | FSZ IEUR | 39d33d | 137d110d | 148d44d | 921d902d |
Trading data
FSZ | IEUR | |
Last sale 7/17/2026 at 1:30 PM | $82.06 | $75.11 |
| Previous close 07/16/2026 | $82.29 | $75.28 |
| 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 | 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 7/17/2026 at 1:30 PM
Live
Closed
FSZ | IEUR | |
|---|---|---|
| Last price | $82.06 | $75.11 |
| 1D performance | -0.28% | -0.23% |
| AuM | $37.12 M | $8.76 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 | 35 | 997 |
| 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
77.7%
Other
22.3%
IEUR
United Kingdom
21.5%
Switzerland
14.85%
Germany
13.35%
France
13.06%
Netherlands
9.36%
Other
27.88%
Sectors
FSZ
Finance
22.63%
Non-Energy Materi.
12.44%
Consumer Non-Cycl.
10.04%
Industrials
7.58%
Other
47.31%
IEUR
Finance
24.27%
Industrials
17.5%
Healthcare
11.82%
Technology
10.6%
Consumer Non-Cycl.
8.3%
Other
27.51%
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Diversification
FSZ
Total weight of top 15 holdings out of 15
50.39%
IEUR
Total weight of top 15 holdings out of 15
23.83%
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%
Avolta AG
3.38%
PSP Swiss Property 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%
IEUR
ASML Holding NV
4.00%
HSBC Holdings Plc
2.06%
Roche Holding AG
1.89%
AstraZeneca PLC
1.80%
Novartis AG
1.77%
Nestlé SA
1.67%
Shell Plc
1.50%
Siemens AG
1.50%
SAP SE
1.20%
Banco Santander SA
1.14%
TotalEnergies SE
1.10%
Schneider Electric SE
1.10%
Allianz SE
1.08%
ABB Ltd.
1.07%
Rolls-Royce Holdings Plc
0.96%
Frequently asked questions about FSZ and IEUR
How have the FSZ and IEUR ETFs performed in 2026?
As of July 16, 2026, FSZ is up 4.15% year-to-date (YTD), while IEUR has returned 7.9%. 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 +$1.28B for IEUR.
Which ETF is more volatile: FSZ or IEUR?
Over the past year, FSZ had a volatility of 14.3%, while IEUR experienced 15.69%.
Which ETF is bigger: FSZ or IEUR?
As of July 16, 2026, FSZ holds $37.12 M in assets under management (AUM), while IEUR manages $8.76 B.
What sectors do the FSZ and IEUR ETFs invest in?
FSZ leans toward sectors like Finance, Non-Energy Materials 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 SFS Group AG, VAT Group AG and Swisscom 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 35 securities with 50.39% of its assets in the top 15. IEUR has 1015 securities and a top 15 weight of 23.83%.
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