Which returned more over the last year, ACWX or EWZ?

In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and EWZ +13.7%.

Which is cheaper, ACWX or EWZ?

ACWX is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do ACWX and EWZ overlap with the S&P 500?

By their latest filed holdings, 0% of ACWX and 0% of EWZ by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

ACWX vs EWZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWX returned +14.3% to EWZ's +13.7%; 1% of their weight is in the same names.

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Net assets: $17.9bn on Oct 27, 2026 for iShares MSCI ACWI ex U.S. ETF, and $10.3bn on Oct 28, 2026 for iShares MSCI Brazil ETF.

ACWX on its own →EWZ on its own →

At a glance

+14.3%

ACWX total return, 1 year

+13.7%

EWZ total return, 1 year

0.32%

ACWX expense ratio

0.59%

EWZ expense ratio

Pair scorecard

ACWX costs 0.27 points a year less; their one-year returns differ by 0.6 points; ACWX is 1.3 times larger.

ACWX vs EWZ: Differences, Returns & Fees
Measure	ACWX	EWZ
Return
Measure	ACWX	EWZ
Total return, 1 year	+14.3%	+13.7%
Drawdown
Measure	ACWX	EWZ
Below its high	4.9%, high on Sep 4, 2026	25.4%, high on May 20, 2008
Benchmark
Measure	ACWX	EWZ
What it tracks	MSCI ACWI ex USA Index	MSCI Brazil 25/50 Index
Cost and size
Measure	ACWX	EWZ
Expense ratio	0.32%	0.59%
Net assets, as of Oct 23, 2026	$17.5bn	$14.0bn
Holdings
Measure	ACWX	EWZ
Holdings in common	1%
Top ten holdings, share of the fund	15.6%	57.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 11, 2008 to Oct 23, 2026 · 967 weekly returns

ACWX EWZ

Return

Total return edge ACWX +129.8% +14.8%

Annualized edge ACWX +4.6% +0.7%

Price return edge ACWX +42.8% −48.5%

Risk

Volatility edge ACWX 19.8% 33.7%

Max drawdown edge ACWX −59.4% −76.1%

Risk-adjusted

Sharpe edge ACWX 0.25 0.15

Sortino edge ACWX 0.35 0.21

Calmar edge ACWX 0.08 0.01

Reading

ACWX returned more: +129.8% to +14.8%. ACWX swung less: 19.8% to 33.7%. ACWX fell less at its worst: −59.4% to −76.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ACWX vs EWZ: Differences, Returns & Fees
Measure	ACWX	EWZ	Edge	How it is measured
Return
Total return	+129.8%	+14.8%	ACWX	Price change plus distributions, reinvested.
Annualized	+4.6%	+0.7%	ACWX	Total return as a yearly rate.
Price return	+42.8%	−48.5%	ACWX	Price change alone, distributions left out.
Risk
Volatility	19.8%	33.7%	ACWX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.4%	23.6%	ACWX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−59.4%	−76.1%	ACWX	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.25	0.15	ACWX	Return above Treasury bills per unit of volatility.
Sortino	0.35	0.21	ACWX	Return above Treasury bills per unit of downside deviation.
Calmar	0.08	0.01	ACWX	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 967 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, ACWX and EWZ hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first ACWX EWZ

NU HOLDINGS CLASS A 0.13% 8.54%

PETROLEO BRASILEIRO PREF SA 0.13% 8.45%

CIA VALE DO RIO DOCE SH 0.12% 8.42%

ITAU UNIBANCO HOLDING PREF SA 0.12% 8.20%

PETROLEO BRASILEIRO SA PETROBRAS 0.11% 8.07%

AMBEV SA 0.04% 2.99%

AXIA ENERGIA SA 0.04% 3.08%

B3 BRASIL BOLSA BALCAO SA 0.04% 3.27%

BANCO BRADESCO PREF 0.04% 3.39%

BCO BTG PACTUAL UNT SA 0.04% 2.94%

ITAUSA INVESTIMENTOS ITAU PREF SA 0.04% 2.49%

WEG 0.04% 3.13%

Only in one fund ↓

Only in ACWX

TAIWAN SEMICONDUCTOR MANUFACTURING 5.07%

SAMSUNG ELECTRONICS LTD 2.19%

ASML HOLDING 1.77%

SK HYNIX 1.56%

ROCHE PS PAR AG 0.95%

TENCENT HOLDINGS 0.85%

SHELL 0.84%

HSBC HOLDINGS PLC 0.81%

Only in EWZ

BRL/USD 0.00%

Check overlap with more funds →

Side by side

ACWX iShares MSCI ACWI ex U.S. ETF EWZ iShares MSCI Brazil ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI ACWI ex U.S. Tracks the MSCI Brazil

Total return, 1 year +14.3% +13.7%

Expense ratio 0.32% 0.59%

Already in the S&P 500 0.0% 0.0%

Holdings 1939 59

Net assets, ACWX as of Oct 27, 2026 and EWZ as of Oct 28, 2026 $17.9bn $10.3bn

ACWX and EWZ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-4F29E00B8F

ACWX and EWZ do different jobs. What does each one do in a portfolio?

What each follows. ACWX follows MSCI ACWI ex USA Index and EWZ follows MSCI Brazil 25/50 Index.
Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026).
Number of holdings. ACWX holds 1,939 positions and EWZ holds 59.

Data as of Oct 28, 2026.

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About each fund

ACWX

ACWX tracks the MSCI ACWI ex U.S.. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,939 positions, with the top ten at 15.6%. It sat 4.9% below its high of Sep 4, 2026 on Oct 28, 2026.

EWZ

EWZ tracks the MSCI Brazil. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested. The prospectus expense ratio is 0.59% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 57.5%. It sat 25.4% below its high of May 20, 2008 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWX or EWZ?: In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and EWZ +13.7%.
Which is cheaper, ACWX or EWZ?: ACWX is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWX and EWZ overlap with the S&P 500?: By their latest filed holdings, 0% of ACWX and 0% of EWZ by weight is stocks the S&P 500 already holds.

Other comparisons

ACWX vs ILF ACWX vs EZU ACWX vs VPL ACWX vs URTH EWZ vs FENI EWZ vs IXUS EWZ vs VEU EWZ vs SCHF

Where to next

ACWX on its own →EWZ on its own →Hold both: look the portfolio through →Rankings →ACWX dividend history →ACWX holdings →EWZ dividend history →EWZ holdings →Standards and sources →

Sources and dates

ACWX filings on SEC EDGAR ↗

ACWX prospectus with the expense ratio (SEC) ↗

iShares page for ACWX ↗

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, ACWX against EWZ, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwx-vs-ewz

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.