iShares MSCI Brazil Small-Cap ETF
$16.31−0.79 (−4.62%)
- 0.59%
- $361M
- +39.5%
- 2.99%
- 0.4M sh
- $16.97
- low $11.70high $17.15
The ETF.net EWZS Grade
B
Score 64 out of 100
- 3 of 7
Score 64 of 100 falls in the B 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.D28 out of 100Rank 6 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 3 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 2 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 2 of 7
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
- 74
- 44%
- USD Cash
Sectors
- Consumer Discretionary20.8%
- Utilities16.2%
- Financials11.7%
- Consumer Staples10.5%
- Real Estate10.3%
- Materials9.5%
- Industrials8.3%
- Information Technology6.4%
- Health Care4.8%
- Energy1.5%
Geography
- Brazil85.46%
- United States9.60%
- Cayman Islands4.10%
- Canada0.84%
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$13,951
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 | EWZS |
|---|---|
| Year to date | +33.6% |
| 1 month | +27.9% |
| 3 months | +25.6% |
| 1 year | +39.5% |
| 3 years | +14.2% |
| 5 years | +5.8% |
| 10 years | +7.1% |
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 | +33.6% | |
| 2025 | +45.2% | |
| 2024 | −36.0% | |
| 2023 | +32.7% | |
| 2022 | −11.2% | |
| 2021 | −14.1% | |
| 2020 | −20.9% |
EWZS in the news
EWZS Dividends
- 2.99%
- $0.51
- $0.14 per share
- Twice a year
Distribution history
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.
- 0.09
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.
Other funds in Brazil
- AFLBRFranklin FTSE Brazil ETFExpense ratio 0.19%1 year return +64.3%
- AEWZiShares MSCI Brazil ETFExpense ratio 0.59%1 year return +58.2%
- 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 —