ZHDG vs FLN
Comparison between ZEGA BUY AND HEDGE ETF (ZHDG, ETF) and First Trust Latin America AlphaDEX Fund (FLN, ETF).
5-Year PerformanceFLN has outperformed ZHDG, delivering a return of +8.2% compared to +5.5%
ZHDG vs FLN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ZHDG vs FLN - Historical Returns
Returns include dividend reinvestment.
ZHDG vs FLN - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | ZHDG | FLN |
|---|---|---|
| 2026 | +3.72% | +7.14% |
| 2025 | +15.11% | +53.48% |
| 2024 | +18.03% | -21.98% |
| 2023 | +13.42% | +36.29% |
| 2022 | -22.18% | +3.87% |
| 2021 | +6.40% | -6.46% |
| 2020 | N/A | -14.25% |
| 2019 | N/A | +21.52% |
| 2018 | N/A | -10.40% |
| 2017 | N/A | +18.83% |
| 2016 | N/A | +42.68% |
| 2015 | N/A | -27.38% |
| 2014 | N/A | -14.03% |
| 2013 | N/A | -12.69% |
| 2012 | N/A | +15.59% |
| 2011 | N/A | -18.60% |
ZHDG vs FLN Drawdown Comparison
The maximum drawdown for ZHDG was -23.27%, occurring on Dec 28, 2022. Recovery took 684 trading sessions.
The maximum drawdown for FLN was -57.92%, occurring on Jan 20, 2016. Recovery took 2193 trading sessions.
The current ZHDG drawdown is -2.62%. The current FLN drawdown is -13.10%.
| Rank | ZHDG | FLN |
|---|---|---|
| #1 | -23.27% Dec 29, 2021 - Sep 19, 2024 | -57.92% Apr 26, 2011 - Jan 13, 2020 |
| #2 | -11.65% Dec 6, 2024 - Jun 24, 2025 | -57.75% Jan 23, 2020 - Dec 14, 2023 |
| #3 | -8.56% Jan 27, 2026 - Apr 30, 2026 | -25.24% Apr 9, 2024 - Jun 30, 2025 |
| #4 | -4.47% Sep 3, 2021 - Oct 26, 2021 | -13.10% Apr 13, 2026 - Jun 8, 2026 |
| #5 | -3.79% Oct 28, 2025 - Jan 7, 2026 | -11.42% Feb 25, 2026 - Apr 9, 2026 |
| #6 | -2.95% Nov 5, 2021 - Dec 8, 2021 | -7.57% Jul 3, 2025 - Aug 27, 2025 |
| #7 | -2.80% Oct 14, 2024 - Nov 6, 2024 | -6.78% Dec 29, 2023 - Mar 27, 2024 |
| #8 | -2.62% Jun 2, 2026 - Jun 8, 2026 | -6.64% Sep 23, 2025 - Nov 3, 2025 |
| #9 | -2.34% Jan 7, 2026 - Jan 27, 2026 | -4.93% Dec 4, 2025 - Jan 5, 2026 |
| #10 | -2.30% Jul 25, 2025 - Aug 12, 2025 | -4.14% Nov 11, 2025 - Dec 1, 2025 |
| #11 | -2.23% Oct 8, 2025 - Oct 24, 2025 | -3.95% Jan 28, 2026 - Feb 9, 2026 |
| #12 | -1.94% Dec 10, 2021 - Dec 23, 2021 | -2.60% Feb 11, 2026 - Feb 25, 2026 |
| #13 | -1.87% Nov 11, 2024 - Nov 26, 2024 | -1.54% Jan 13, 2020 - Jan 17, 2020 |
| #14 | -1.86% May 14, 2026 - May 26, 2026 | -1.30% Mar 27, 2024 - Apr 8, 2024 |
| #15 | -1.71% Jul 14, 2021 - Jul 23, 2021 | -1.17% Nov 3, 2025 - Nov 5, 2025 |
Correlation
Correlation between ZHDG and FLN is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2011 - 2026)
ZHDG vs FLN dividend yield comparison.
| Year | ZHDG | FLN |
|---|---|---|
| 2026 | 0.00% | 0.97% |
| 2025 | 2.57% | 3.40% |
| 2024 | 2.59% | 6.26% |
| 2023 | 1.52% | 4.17% |
| 2022 | 3.58% | 5.57% |
| 2021 | 1.33% | 4.70% |
| 2020 | 0.00% | 1.64% |
| 2019 | 0.00% | 1.91% |
| 2018 | 0.00% | 3.08% |
| 2017 | 0.00% | 10.28% |
| 2016 | 0.00% | 1.06% |
| 2015 | 0.00% | 2.34% |
| 2014 | 0.00% | 3.96% |
| 2013 | 0.00% | 2.03% |
| 2012 | 0.00% | 2.94% |
| 2011 | 0.00% | 2.41% |
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