iShares MSCI Brazil ETF
$42.87−0.67 (−1.54%)
- 0.59%
- $12.6B
- +58.2%
- 3.36%
- 25.8M sh
- $43.48
- low $28.83high $43.90
The ETF.net EWZ Grade
A
Score 72 out of 100
- 2 of 7
Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B56 out of 100Rank 3 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 4 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 1 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 4 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 1 of 7
Our read on EWZ
AThe Brazil trade in one ticker, running since 2000: about 50 of the country's biggest listed names, with index caps so no single giant swallows the fund. Large, heavily traded, and priced right at what Brazil funds typically charge.
The fund seeks to track an index of Brazilian equities and provides targeted exposure to companies in Brazil.
Why people hold it
- Has been running Brazil exposure since 2000 and hugs its MSCI Brazil 25/50 index closely, one of the stronger implementations in the Brazil group.
- A multi-billion-dollar fund and one of the most actively traded in its category, so size and spread are rarely the hard part of the trade.
- The index's 25/50 capping rules trim the largest weights, keeping a couple of Brazilian mega caps from quietly becoming the whole portfolio.ishares.com
- 0.59% a year, a touch under the typical Brazil fund's fee, with distributions paid quarterly.
Worth knowing
- Cheaper Brazil beta exists: FLBR charges 0.19% against 0.59% here. The extra fee buys the deeper, busier market, not extra exposure.
- About 50 large Brazilian companies, one country, one policy cycle. Concentration is the point, and it cuts both ways.
- Brazilian shares, dollar-denominated fund: moves in the real feed into results on top of the market's own swings.
EWZ Holdings
- Stocks
- 51
- 60%
- NU
Sectors
- Financials38.5%
- Energy17.0%
- Utilities13.7%
- Materials11.3%
- Industrials8.8%
- Consumer Staples5.0%
- Consumer Discretionary2.7%
- Communication1.6%
- Health Care1.3%
Geography
- Brazil98.65%
- Netherlands0.86%
- United States0.50%
Developed 1% · Emerging 99%
EWZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EWZ$15,816
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EWZ |
|---|---|
| Year to date | +38.4% |
| 1 month | +14.0% |
| 3 months | +21.2% |
| 1 year | +58.2% |
| 3 years | +19.9% |
| 5 years | +15.0% |
| 10 years | +7.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EWZ |
|---|---|---|
| 2026 YTD | +38.4% | |
| 2025 | +48.9% | |
| 2024 | −30.5% | |
| 2023 | +32.7% | |
| 2022 | +12.4% | |
| 2021 | −17.3% | |
| 2020 | −20.3% |
EWZ in the news
EWZ Dividends
- 3.36%
- $1.46
- $0.33 per share
- Twice a year
Distribution history
EWZ Risk
- 23.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.45
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EWZ Cost
0.59%
EWZ0.59%
- The middle half of Brazil funds
- Median 0.59%
2 of the 7 Brazil funds charge less.
Other funds in Brazil
- AFLBRFranklin FTSE Brazil ETFExpense ratio 0.19%1 year return +64.3%
- BEWZSiShares MSCI Brazil Small-Cap ETFExpense ratio 0.59%1 year return +39.5%
- BBRFVanEck Brazil Small-Cap ETFExpense ratio 0.60%1 year return +48.8%
- CBRAZGlobal X - Brazil Active ETFExpense ratio 0.75%1 year return +59.0%
- CBRZXCorgi ETF Trust I - Corgi Brazil 2x Daily ETFExpense ratio 0.45%1 year return —