FSZ vs TLTD: holdings overlap, shared companies and scores
As of October 9, 2026, FSZ and TLTD overlap 3.0% by weight. First Trust Switzerland AlphaDEX Fund (FSZ): Swiss large-mid cap factor Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD): Developed ex-US equities.
Updated October 9, 2026
Where FSZ and TLTD trade against their own history
FSZ trades at 22.1 times earnings, against its own median of 20.2, and is more expensive than 85% of its own last 9 years.
TLTD trades at 13.9 times earnings, against its own median of 13.2, and is more expensive than 65% of its own last 9 years.
What moved TLTD this week
TLTD fell 0.8% in the week to October 9, 2026. The holdings that moved it most were ASML (−3.4%), Deutsche Telekom (−7.3%) and Ams-Osram (−15.3%); Shell (+5.7%) pushed the other way.
What do FSZ and TLTD each hold?
What's inside FSZ: Tech 8%.
41% of FSZ is its ten largest holdings.
What's inside TLTD: Tech 8%, Semiconductors 3%.
8% of TLTD is its ten largest holdings.
How much do FSZ and TLTD overlap? 3.0% by weight
As of October 9, 2026, FSZ and TLTD overlap 3.0% by weight.
100% of FSZ is already inside TLTD.
3% of TLTD is already inside FSZ.
FSZ holds 40 companies and TLTD holds 2,253; 40 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FSZ and TLTD? 3.7 and 4.5 out of 10
As of October 9, 2026, ETF Copilot scores FSZ 3.7 out of 10 and TLTD 4.5 out of 10.
They differ most on Value: FSZ 1.3 and TLTD 4.6.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FSZ | TLTD |
|---|---|---|
| Growth | 4.7 | 3.6 |
| Value | 1.3 | 4.6 |
| Risk | 4.8 | 6.2 |
| Quality | 4.9 | 2.8 |
| Return | 2.7 | 5.3 |
TLTD is the cheaper of the two at 0.41% a year
As of October 9, 2026, FSZ charges 0.80% a year, yields 2.08% and holds $35M in assets across 40 positions.
As of October 9, 2026, TLTD charges 0.41% a year, yields 3.33% and holds $654M in assets across 2253 positions.
| Measure | FSZ | TLTD |
|---|---|---|
| Expense ratio | 0.80% | 0.41% |
| Dividend yield | 2.08% | 3.33% |
| Assets under management | $35M | $654M |
| Holdings | 40 | 2253 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “FSZ vs TLTD holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/fsz-vs-tltd
- First Trust Switzerland AlphaDEX Fund (FSZ)
- Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD)
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