Equity: Switzerland - Total Market
With 4 ETFs and over $1.57B in combined AUM, the Equity: Switzerland - Total Market segment provides exposure to the Switzerland space with a focus on Total Market securities.
Year-to-date, the best-performing ETF in the segment is the First Trust Switzerland AlphaDEX Fund (FSZ), with a total return of 2.24%. Meanwhile, the most popular ETF is the iShares MSCI Switzerland ETF (EWL) with $1.31BB in assets under management.
Investors should take a look at the iShares MSCI Switzerland ETF (EWL). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. The iShares MSCI Switzerland ETF tracks a market-cap-weighted index of Swiss stocks. It captures 85% of the publicly available market, excluding small-caps. EWL has an expense ratio of 0.49% and tracks the MSCI Switzerland 25/50 Index.
ETF.com Efficiency Insight
The average efficiency score in the Equity: Switzerland - Total Market segment is 76 out of 100, with the iShares MSCI Switzerland ETF(EWL) obtaining the highest rating of 86 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.47% per year, with the Franklin FTSE Switzerland ETF (FLSW) having the lowest expense ratio, charging investors 0.09% yearly.
Investors should look for funds with tight tracking, such as the iShares MSCI Switzerland ETF (EWL), with a 12-month median tracking difference of -0.33%.
ETF.com Tradability Insight
The average tradability score in the Equity: Switzerland - Total Market segment is 74 out of 100, with the iShares MSCI Switzerland ETF(EWL) obtaining the highest rating of 90 out of 100.
The iShares MSCI Switzerland ETF (EWL) is the undisputed segment leader when it comes to liquidity. The fund trades 35.50M in daily average volume. Investors should also find ample liquidity in the First Trust Switzerland AlphaDEX Fund (FSZ), with $644.10K in daily dollar volume.
Use limit orders to trade funds such as the First Trust Switzerland AlphaDEX Fund(FSZ), due to their double-digit market spreads.
ETF.com Fit Insight
The MSCI Switzerland Investable Markets has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to EWL. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, FSZ follows a Multi-factor strategy and obtains a low Fit score compared with our neutral benchmark.