FGM vs EWK

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

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

FGM vs EWK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

FGM

$104M

EWK

$103M

Expense Ratio

FGM

0.80%

Winner

EWK

0.49%

Max Drawdown

Winner

FGM

54.06%

EWK

76.53%

Sharpe Ratio

FGM

0.73

Winner

EWK

1.35

5Y Beta

FGM

0.82

Winner

EWK

0.47

5Y Dividends CAGR

FGM

-0.48%

Winner

EWK

4.09%

FGM vs EWK - Historical Returns

Returns include dividend reinvestment.

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

FGM

-1.92%

Winner

EWK

+4.77%

FGM

+5.95%

Winner

EWK

+12.84%

FGM

+4.60%

Winner

EWK

+14.48%

FGM

+17.40%

Winner

EWK

+25.57%

5Y(CAGR)

FGM

+4.13%

Winner

EWK

+6.38%

10Y(CAGR)

Winner

FGM

+8.55%

EWK

+7.16%

Max(CAGR)

Winner

FGM

+7.42%

EWK

+5.20%

FGM vs EWK - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

FGM vs EWK Drawdown Comparison

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

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

The current FGM drawdown is -8.26%.

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

Correlation

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

0.94

-101

Dividend Comparison (2000 - 2025)

FGM vs EWK dividend yield comparison.

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