EELV vs FLN

EELVBInvesco S&P Emerging Markets Low Volatility ETF

FLNFFirst Trust Latin America AlphaDEX Fund

In short

EELV EELV hunts the calm corners of emerging markets: roughly 200 of the least volatile stocks in a broad EM universe, chosen by rule rather than by a manager's hunch. Same asset class, deliberately lower-drama construction.

FLN Most Latin America funds just buy the region's biggest companies. FLN runs Latin American stocks through First Trust's AlphaDEX growth-and-value screen first, then holds the roughly 60 names that survive it.

Stated mandate

EELV The fund provides exposure to emerging-market stocks selected for low volatility by tracking the S&P BMI Emerging Markets Low Volatility Index.

FLN The fund seeks investment results that generally correspond to the price and yield of the Nasdaq AlphaDEX Latin America Index before fees and expenses.

Why people hold it

• EELV At 0.29% a year it undercuts the median fee in its emerging-markets factor cohort (0.44%), and it has run the same low-volatility rulebook since its 2012 launch.
• The rule is plain: track the S&P BMI Emerging Markets Low Volatility Index, which screens a broad EM universe on realized volatility. No stock-picker discretion.invesco.com
• Roughly 200 holdings means no single name or headline steers the whole portfolio, and distributions land on a quarterly schedule.

• FLN Rules-based stock picking, not a market-cap copy: the AlphaDEX screen ranks stocks on growth and value factors and builds the index from the winners.
• Roughly 60 holdings, so the screen actually shows up in the portfolio instead of getting diluted across hundreds of names.
• Live since 2011, giving it a long public record across the region's commodity and currency cycles.
• Distributions land quarterly, and the mandate is a clean single-region equity sleeve: Latin America, nothing else bolted on.

Worth knowing

• EELV It trades lightly next to the category's largest funds, so the spread paid at the trade can matter as much as the 0.29% fee.
• A pure volatility screen reshapes the map: sector and country weights can sit far from a standard cap-weighted emerging-markets index.invesco.com
• Cheap, but not the cheapest low-vol EM shelf: iShares' EEMV lists a 0.25% fee.

• FLN The screen carries a price: 0.80% a year, well above what plain index-tracking ETFs in its peer group typically charge. That is a permanent drag on the strategy.
• Small asset base and light trading volume, so spreads can be wider than on the region's household-name funds and large orders need care.
• One region, one currency basket of risks. Latin American politics and exchange rates drive results here in a way a global fund would smooth out.

Full EELV profile⁠

Full FLN profile⁠