Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
EWZ vs XLC: how they differ
EWZ and XLC hold 0% of their weight in the same names, and EWZ returned more over the year.
iShares MSCI Brazil ETF and State Street(R) Communication Services Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, EWZ and XLC hold 0% of their money in the same securities at the same weight.
| Only in EWZ | Only in XLC |
|---|---|
| VALE S.A. 11.62% | Meta Platforms Inc 19.93% |
| Nu Holdings Ltd. 8.80% | Alphabet Inc 13.10% |
| Itau Unibanco Holding S.A. 8.57% | Alphabet Inc 10.44% |
| Petroleo Brasileiro S.A. (Petrobras) 6.77% | Take-Two Interactive Software Inc 5.26% |
| B3 S.A - Brasil, Bolsa, Balcao 3.61% | Netflix Inc 4.84% |
| AMBEV S.A. 3.23% | Comcast Corp 4.71% |
| WEG S.A. 3.08% | Warner Bros Discovery Inc 4.67% |
| Companhia de Saneamento Basico do Estado 2.90% | Electronic Arts Inc 4.64% |
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 Jun 30, 2026 and May 31, 2026.
| EWZ iShares MSCI Brazil ETF | XLC State Street(R) Communication Services Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI Brazil | Communication services |
| Total return, 1 year | +32.9% | −2.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +15.4 pts | −19.5 pts |
| Expense ratio | 0.59% | 0.08% |
| Already in the S&P 500 | 0.0% | 100.0% |
| Holdings | 47 | 23 |
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.
XLC in plain words
XLC is an index equity fund tracking the Communication services. Over the year to Sep 11, 2026 it returned −2.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 23 positions, with the top ten at 76.2%. It sat 5.7% below its high of Jan 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EWZ or XLC?
- In the year to Sep 12, 2026, with distributions reinvested, EWZ returned +32.9% and XLC returned −2.0%, so EWZ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EWZ or XLC?
- EWZ charges 0.59% a year and XLC charges 0.08%, so XLC is cheaper. Fees come from each fund's prospectus.
- How much do EWZ and XLC overlap with the S&P 500?
- By their latest filed holdings, 0% of EWZ and 100% of XLC 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, EWZ against XLC, data as of Sep 12, 2026. https://etfiq.com/compare/any/EWZ-XLC Free to use with attribution; the underlying files are at Open data.
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