EWK vs FGM

Comparison between ISHARES MSCI BELGIUM ETF (EWK, ETF) and FIRST TRUST GERMANY ALPHADEX FUND (FGM, ETF).

5-Year PerformanceEWK has outperformed FGM, delivering a return of +6.4% compared to +4.1%

EWK vs FGM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWK(ETF)	FGM(ETF)
Net Assets	$103M	$104M
Expense Ratio	0.49%	0.80%
Max Drawdown	76.53%	54.06%
Sharpe Ratio	1.35	0.73
5Y Beta	0.47	0.82
5Y Dividends CAGR	4.09%	-0.48%

Net Assets

EWK

$103M

Winner

FGM

$104M

Expense Ratio

Winner

EWK

0.49%

FGM

0.80%

Max Drawdown

EWK

76.53%

Winner

FGM

54.06%

Sharpe Ratio

Winner

EWK

1.35

FGM

0.73

5Y Beta

Winner

EWK

0.47

FGM

0.82

5Y Dividends CAGR

Winner

EWK

4.09%

FGM

-0.48%

EWK vs FGM - Historical Returns

Returns include dividend reinvestment.

Period	EWK	FGM
1 month	+4.77%	-1.92%
3 months	+12.84%	+5.95%
6 months	+14.48%	+4.60%
1 year	+25.57%	+17.40%
5 years(CAGR)	+6.38%	+4.13%
10 years(CAGR)	+7.16%	+8.55%
Max(CAGR)	+5.20%	+7.42%

Winner

EWK

+4.77%

FGM

-1.92%

Winner

EWK

+12.84%

FGM

+5.95%

Winner

EWK

+14.48%

FGM

+4.60%

Winner

EWK

+25.57%

FGM

+17.40%

5Y(CAGR)

Winner

EWK

+6.38%

FGM

+4.13%

10Y(CAGR)

EWK

+7.16%

Winner

FGM

+8.55%

Max(CAGR)

EWK

+5.20%

Winner

FGM

+7.42%

EWK vs FGM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EWK	FGM
2026	+13.16%	+1.37%
2025	+35.87%	+65.26%
2024	+1.33%	+2.60%
2023	+7.19%	+11.42%
2022	-15.08%	-30.59%
2021	+11.60%	+4.62%
2020	-0.97%	+16.20%
2019	+26.61%	+21.50%
2018	-20.92%	-25.68%
2017	+23.57%	+43.92%
2016	-0.64%	+4.18%
2015	+13.66%	+2.14%
2014	+2.19%	-10.52%
2013	+24.29%	+26.99%
2012	+31.94%	+10.55%
2011	-16.35%	N/A
2010	+1.34%	N/A
2009	+44.49%	N/A
2008	-62.08%	N/A
2007	-3.13%	N/A
2006	+30.72%	N/A
2005	+7.66%	N/A
2004	+42.99%	N/A
2003	+37.15%	N/A
2002	-10.75%	N/A
2001	-13.53%	N/A
2000	-20.19%	N/A
1999	+2.80%	N/A

EWK vs FGM Drawdown Comparison

The maximum drawdown for EWK was -74.13%, occurring on Mar 9, 2009. Recovery took 2491 trading sessions.

The maximum drawdown for FGM was -51.56%, occurring on Mar 18, 2020. Recovery took 743 trading sessions.

The current FGM drawdown is -8.26%.

Rank	EWK	FGM
#1	-74.13% Jul 12, 2007 - Jun 2, 2017	-51.56% Jan 23, 2018 - Jan 5, 2021
#2	-53.88% Nov 17, 1999 - Aug 26, 2004	-51.07% Jun 7, 2021 - May 20, 2025
#3	-42.79% Jan 26, 2018 - Apr 21, 2021	-25.83% Jun 6, 2014 - May 4, 2017
#4	-35.17% Jun 15, 2021 - Apr 29, 2025	-18.47% Mar 23, 2012 - Sep 14, 2012
#5	-16.05% May 10, 2006 - Aug 30, 2006	-17.76% Feb 9, 2026 - Mar 20, 2026
#6	-15.47% Feb 17, 2026 - Jun 11, 2026	-11.00% Feb 1, 2013 - Aug 8, 2013
#7	-9.13% Mar 9, 2005 - Aug 11, 2005	-6.91% Oct 3, 2025 - Dec 10, 2025
#8	-8.75% Feb 14, 2007 - Apr 3, 2007	-6.40% Sep 14, 2012 - Nov 28, 2012
#9	-6.06% Aug 11, 2005 - Dec 12, 2005	-6.26% Jan 16, 2014 - Feb 13, 2014
#10	-5.86% May 7, 2007 - Jul 12, 2007	-5.96% Jul 23, 2025 - Aug 22, 2025
#11	-5.14% Dec 28, 2004 - Feb 14, 2005	-5.78% Mar 6, 2014 - May 30, 2014
#12	-4.38% Jul 23, 2025 - Aug 14, 2025	-4.72% Apr 16, 2021 - May 18, 2021
#13	-4.29% Jun 2, 2017 - Jul 20, 2017	-4.71% Feb 16, 2021 - Mar 17, 2021
#14	-4.20% Oct 13, 2017 - Jan 4, 2018	-4.56% Aug 14, 2013 - Sep 10, 2013
#15	-4.15% Oct 8, 2004 - Oct 26, 2004	-3.92% Aug 22, 2025 - Sep 30, 2025

Correlation

Correlation between EWK and FGM is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2000 - 2025)

EWK vs FGM dividend yield comparison.

Year	EWK	FGM
2025	1.73%	0.66%
2024	3.25%	2.56%
2023	2.09%	2.82%
2022	2.58%	5.44%
2021	3.64%	1.43%
2020	1.66%	1.33%
2019	2.77%	2.30%
2018	2.78%	2.18%
2017	2.91%	2.11%
2016	1.75%	1.33%
2015	2.06%	1.13%
2014	1.85%	1.92%
2013	4.62%	1.56%
2012	2.70%	1.23%
2011	5.35%	0.00%
2010	1.86%	0.00%
2009	1.81%	0.00%
2008	13.65%	0.00%
2007	2.95%	0.00%
2006	1.72%	0.00%
2005	4.23%	0.00%
2004	1.54%	0.00%
2003	7.76%	0.00%
2002	1.15%	0.00%
2001	2.75%	0.00%
2000	3.10%	0.00%