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

In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and EWZ +13.7%.

Which is cheaper, AVEM or EWZ?

AVEM is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

AVEM vs EWZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AVEM returned +17.9% to EWZ's +13.7%; 1% of their weight is in the same names.

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Net assets: $27.3bn on Oct 27, 2026 for Avantis Emerging Markets Equity ETF, and $10.3bn on Oct 28, 2026 for iShares MSCI Brazil ETF.

AVEM on its own →EWZ on its own →

At a glance

+17.9%

AVEM total return, 1 year

+13.7%

EWZ total return, 1 year

0.33%

AVEM expense ratio

0.59%

EWZ expense ratio

Pair scorecard

AVEM costs 0.26 points a year less; their one-year returns differ by 4.2 points; AVEM is 2.4 times larger.

AVEM vs EWZ: Differences, Returns & Fees
Measure	AVEM	EWZ
Return
Measure	AVEM	EWZ
Total return, 1 year	+17.9%	+13.7%
Drawdown
Measure	AVEM	EWZ
Below its high	10.2%, high on Jun 22, 2026	25.4%, high on May 20, 2008
Benchmark
Measure	AVEM	EWZ
What it tracks	No index, actively managed	MSCI Brazil 25/50 Index
Cost and size
Measure	AVEM	EWZ
Expense ratio	0.33%	0.59%
Net assets, as of Oct 26, 2026	$26.8bn	$11.3bn
Holdings
Measure	AVEM	EWZ
Holdings in common	1%
Top ten holdings, share of the fund	28.7%	57.5%

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

Risk and return

Sep 27, 2019 to Oct 23, 2026 · 369 weekly returns

AVEM EWZ

Return

Total return edge AVEM +113.9% +56.9%

Annualized edge AVEM +11.3% +6.6%

Price return edge AVEM +79.6% +0.9%

Risk

Volatility edge AVEM 19.6% 32.0%

Max drawdown edge AVEM −34.8% −54.6%

Risk-adjusted

Sharpe edge AVEM 0.50 0.27

Sortino edge AVEM 0.70 0.39

Calmar edge AVEM 0.32 0.12

Reading

AVEM returned more: +113.9% to +56.9%. AVEM swung less: 19.6% to 32.0%. AVEM fell less at its worst: −34.8% to −54.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AVEM vs EWZ: Differences, Returns & Fees
Measure	AVEM	EWZ	Edge	How it is measured
Return
Total return	+113.9%	+56.9%	AVEM	Price change plus distributions, reinvested.
Annualized	+11.3%	+6.6%	AVEM	Total return as a yearly rate.
Price return	+79.6%	+0.9%	AVEM	Price change alone, distributions left out.
Risk
Volatility	19.6%	32.0%	AVEM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.1%	22.0%	AVEM	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−34.8%	−54.6%	AVEM	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.50	0.27	AVEM	Return above Treasury bills per unit of volatility.
Sortino	0.70	0.39	AVEM	Return above Treasury bills per unit of downside deviation.
Calmar	0.32	0.12	AVEM	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 369 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AVEM 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 AVEM EWZ

EMBRAER SA SPON ADR ADR 0.22% 2.80%

BANCO BRADESCO ADR ADR 0.13% 0.86%

VIBRA ENERGIA SA COMMON STOCK 0.13% 1.49%

XP INC CLASS A COMMON STOCK 0.11% 1.37%

SUZANO SA SPON ADR ADR 0.08% 1.39%

AMBEV SA ADR ADR 0.06% 2.99%

WEG SA COMMON STOCK 0.06% 3.13%

AXIA ENERGIA ADR ADR 0.05% 3.08%

RUMO SA COMMON STOCK 0.05% 0.85%

TIM SA ADR ADR 0.05% 0.71%

RAIA DROGASIL SA COMMON STOCK 0.04% 0.91%

B3 SA BRASIL BOLSA BALCAO COMMON STOCK 0.03% 3.27%

Only in one fund ↓

Only in AVEM

TAIWAN SEMICONDUCTOR SP ADR ADR 6.82%

TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0 6.09%

SAMSUNG ELECTR GDR REG S GDR 5.35%

SK HYNIX INC COMMON STOCK KRW5000.0 4.89%

TENCENT HOLDINGS LTD COMMON STOCK HKD.00002 1.49%

CHINA CONSTRUCTION BANK H COMMON STOCK CNY1.0 1.02%

MEDIATEK INC COMMON STOCK TWD10.0 0.96%

HON HAI PRECISION INDUSTRY COMMON STOCK TWD10.0 0.73%

Only in EWZ

PETROLEO BRASILEIRO PREF SA 8.45%

CIA VALE DO RIO DOCE SH 8.42%

ITAU UNIBANCO HOLDING PREF SA 8.20%

PETROLEO BRASILEIRO SA PETROBRAS 8.07%

BANCO BRADESCO PREF 3.39%

BCO BTG PACTUAL UNT SA 2.94%

COMPANHIA DE SANEAMENTO BASICO DE 2.56%

ITAUSA INVESTIMENTOS ITAU PREF SA 2.49%

Check overlap with more funds →

Side by side

AVEM Avantis Emerging Markets Equity ETF EWZ iShares MSCI Brazil ETF

Where it sits Stock ETF Stock ETF

Issuer Avantis iShares

What it is Actively managed Tracks the MSCI Brazil

Total return, 1 year +17.9% +13.7%

Expense ratio 0.33% 0.59%

Already in the S&P 500 0.0% 0.0%

Holdings 4088 59

Net assets, AVEM as of Oct 27, 2026 and EWZ as of Oct 28, 2026 $27.3bn $10.3bn

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

Client brief · page 1 of 2 Report BR-E407E2F382

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

What each follows. AVEM follows No index, actively managed 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).
One-year total return. Over 1 year to Oct 28, 2026 AVEM returned +17.9% and EWZ +13.7% with distributions reinvested, a gap of 4.2 points.

Data as of Oct 28, 2026.

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About each fund

AVEM

AVEM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.33% 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 4,088 positions, with the top ten at 28.7%. It sat 10.2% below its high of Jun 22, 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, AVEM or EWZ?: In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and EWZ +13.7%.
Which is cheaper, AVEM or EWZ?: AVEM is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVEM and EWZ overlap with the S&P 500?: By their latest filed holdings, 0% of AVEM and 0% of EWZ by weight is stocks the S&P 500 already holds.

Other comparisons

AVEM vs ILF AVEM vs VPL AVEM vs URTH AVEM vs EWT EEM vs EWZ EWZ vs VWO EWZ vs IEMG EMXC vs EWZ

Where to next

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

Sources and dates

AVEM filings on SEC EDGAR ↗

AVEM prospectus with the expense ratio (SEC) ↗

Avantis website ↗

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

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