iShares MSCI Brazil Small-Cap ETF
$13.33−0.27 (−1.99%)
- Expense ratio
- 0.59%
- Fund size
- $247M
- 1Y return
- +1.3%
- Yield · Last 12 months
- 3.76%
- Holdings
- 68
- Volume · 30D
- 0.3M sh
- NAV per share
- $13.49
- 52W range
The ETF.net EWZS Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 25Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 58Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on EWZS
BBrazil past the blue chips. EWZS tracks the MSCI Brazil Small Cap Index, a compact basket of roughly 70 smaller Brazilian companies that the country's large-cap benchmarks are built to exclude.
The fund seeks to track an index of small-cap Brazilian equities.
Why people hold it
- One job, done tightly: it follows the MSCI Brazil Small Cap Index and has hugged it closely, with no active drift or style creep.
- The 0.59% expense ratio sits at the middle of the Brazil ETF pack, and it's the same fee iShares charges on its large-cap Brazil fund (EWZ) for an easier slice.
- Running since 2010, one of the longest-lived ways to own Brazilian small caps in a US wrapper, and it distributes quarterly.
- Lands in the upper half of the small group of Brazil ETFs we cover, ahead of the other dedicated small-cap option (BRF).
Worth knowing
- Single-country small caps are a rough ride: Brazilian equity swings and real-versus-dollar currency moves both land in the same share price.
- Smaller and less heavily traded than the flagship Brazil funds, so spreads can run wider, especially outside Brazilian market hours.
- Cheaper Brazil exposure exists (FLBR at 0.19%), but it's the large-cap market, not this small-cap slice.
EWZS Holdings
- Stocks
- 68
- 37%
- TOTS3.SA
Sectors
- Utilities17.1%
- Real Estate15.5%
- Cons. Staples11.4%
- Materials11.0%
- Technology9.9%
- Industrials9.3%
- Consumer Discr.8.6%
- Financials8.5%
- Health Care4.9%
- Energy3.8%
Geography
- Brazil94.78%
- Cayman Islands4.25%
- Canada0.94%
- United States0.03%
Developed 1% · Emerging 99%
EWZS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EWZS$10,126
Returns run to the Sep 22, 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 | EWZS |
|---|---|
| Year to date | +6.3% |
| 1 month | +9.6% |
| 3 months | +6.3% |
| 1 year | +1.3% |
| 3 years | +3.7% |
| 5 years | −0.5% |
| 10 years | +4.9% |
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 | EWZS |
|---|---|---|
| 2026 YTD | +6.3% | |
| 2025 | +45.2% | |
| 2024 | −36.0% | |
| 2023 | +32.7% | |
| 2022 | −11.2% | |
| 2021 | −14.1% | |
| 2020 | −20.9% |
EWZS in the news
EWZS Dividends
- 3.76%
- $0.51
- $0.14 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 15, 2026 | Jun 18, 2026 | $0.14 |
| Dec 30, 2025 | Jan 5, 2026 | $0.09 |
| Dec 16, 2025 | Dec 19, 2025 | $0.28 |
| Jun 16, 2025 | Jun 20, 2025 | $0.13 |
| Dec 17, 2024 | Dec 20, 2024 | $0.24 |
| Jun 11, 2024 | Jun 17, 2024 | $0.21 |
| Dec 20, 2023 | Dec 27, 2023 | $0.25 |
| Jun 7, 2023 | Jun 13, 2023 | $0.17 |
| Dec 13, 2022 | Dec 19, 2022 | $0.32 |
| Jun 9, 2022 | Jun 15, 2022 | $0.22 |
| Dec 30, 2021 | Jan 5, 2022 | $0.03 |
| Dec 13, 2021 | Dec 17, 2021 | $0.34 |
EWZS Risk
- 26.4%
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.
- −0.01
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.
- −42.6%
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.
- 1.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EWZS Cost
0.59%
EWZS0.59%
- The middle half of Brazil funds
- Median 0.59%
2 of the 7 Brazil funds charge less.