Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
EFA vs EWZ: how they differ
EFA and EWZ hold 0% of their weight in the same names, and EWZ returned more over the year.
iShares MSCI EAFE ETF and iShares MSCI Brazil ETF.
What they hold in common
By the books each fund has filed, EFA and EWZ hold 0% of their money in the same securities at the same weight.
| Only in EFA | Only in EWZ |
|---|---|
| ASML Holding N.V. 2.60% | VALE S.A. 11.62% |
| HSBC HOLDINGS PLC 1.47% | Nu Holdings Ltd. 8.80% |
| ASTRAZENECA PLC 1.36% | Itau Unibanco Holding S.A. 8.57% |
| Novartis AG 1.30% | Petroleo Brasileiro S.A. (Petrobras) 6.77% |
| Nestle S.A. 1.21% | B3 S.A - Brasil, Bolsa, Balcao 3.61% |
| SHELL PLC 1.20% | AMBEV S.A. 3.23% |
| Siemens Aktiengesellschaft 1.05% | WEG S.A. 3.08% |
| COMMONWEALTH BANK OF AUSTRALIA 0.98% | Companhia de Saneamento Basico do Estado 2.90% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| EFA iShares MSCI EAFE ETF | EWZ iShares MSCI Brazil ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Developed markets ex US | MSCI Brazil |
| Total return, 1 year | +18.2% | +32.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.7 pts | +15.4 pts |
| Expense ratio | 0.32% | 0.59% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 705 | 47 |
EFA in plain words
EFA is an index equity fund tracking the Developed markets ex US. Over the year to Sep 11, 2026 it returned +18.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 705 positions, with the top ten at 13.4%.
EWZ in plain words
EWZ is an index equity fund tracking the MSCI Brazil. Over the year to Sep 11, 2026 it returned +32.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.59% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 47 positions, with the top ten at 59.3%. It sat 7.6% below its high of Apr 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EFA or EWZ?
- In the year to Sep 12, 2026, with distributions reinvested, EFA returned +18.2% and EWZ returned +32.9%, so EWZ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EFA or EWZ?
- EFA charges 0.32% a year and EWZ charges 0.59%, so EFA is cheaper. Fees come from each fund's prospectus.
- How much do EFA and EWZ overlap with the S&P 500?
- By their latest filed holdings, 0% of EFA and 0% of EWZ by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EFA against EWZ, data as of Sep 12, 2026. https://etfiq.com/compare/any/EFA-EWZ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources