Data as of Oct 28, 2026.

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BINC vs EWZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BINC returned +0.5% to EWZ's +13.7%; 0% of their weight is in the same names.

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Net assets: $16.8bn on Oct 27, 2026 for iShares Flexible Income Active ETF, and $10.3bn on Oct 28, 2026 for iShares MSCI Brazil ETF.

At a glance
+0.5%
BINC total return, 1 year
+13.7%
EWZ total return, 1 year
0.40%
BINC expense ratio
0.59%
EWZ expense ratio

Pair scorecard

BINC costs 0.19 points a year less; their one-year returns differ by 13.2 points; BINC is 1.5 times larger.

BINC vs EWZ: Differences, Returns & Fees
MeasureBINCEWZ
Return
Total return, 1 year+0.5%+13.7%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksNo index, actively managedMSCI Brazil 25/50 Index
Cost and size
Expense ratio0.40%0.59%
Net assets, as of Oct 26, 2026$16.8bn$11.3bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund24.6%57.5%

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

Risk and return

Jun 2, 2023 to Oct 23, 2026 · 177 weekly returns
BINC EWZ
Return
Total return edge EWZ +21.3% +69.9%
Annualized edge EWZ +5.8% +16.9%
Price return edge EWZ +0.2% +39.2%
Risk
Volatility edge BINC 3.1% 23.2%
Max drawdown edge BINC −2.7% −30.7%
Risk-adjusted
Sharpe edge EWZ 0.37 0.59
Sortino edge EWZ 0.57 0.94
Calmar edge BINC 2.20 0.55
Reading

EWZ returned more: +69.9% to +21.3%. BINC swung less: 3.1% to 23.2%. BINC fell less at its worst: −2.7% to −30.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BINC vs EWZ: Differences, Returns & Fees
MeasureBINCEWZEdgeHow it is measured
Return
Total return+21.3%+69.9%EWZPrice change plus distributions, reinvested.
Annualized+5.8%+16.9%EWZTotal return as a yearly rate.
Price return+0.2%+39.2%EWZPrice change alone, distributions left out.
Risk
Volatility3.1%23.2%BINCSpread of weekly returns, annualized. Lower is steadier.
Downside deviation2.0%14.6%BINCLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−2.7%−30.7%BINCDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.370.59EWZReturn above Treasury bills per unit of volatility.
Sortino0.570.94EWZReturn above Treasury bills per unit of downside deviation.
Calmar2.200.55BINCAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 177 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, BINC and EWZ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BINC EWZ
BRL/USD 0.01% 0.00%
BRL/USD 0.00% 0.00%
BRL/USD 0.00% 0.00%
BRL/USD 0.00% 0.00%
BRL/USD 0.00% 0.00%
BRL/USD 0.00% 0.00%
BRL/USD -0.01% 0.00%
Only in one fund ↓
Only in BINC
BLACKROCK CASH CL INST SL AGENCY 5.80%
UMBS 30YR TBA(REG A) 4.50%
TREASURY NOTE (2OLD) 4.34%
UMBS 30YR TBA(REG A) 2.91%
UMBS 30YR TBA(REG A) 2.21%
CASH COLLATERAL MORGAN STANLEY & C 1.68%
ISHARES IBOXX $ INV GRADE CORPORAT 0.99%
EUR/USD 0.83%
Only in EWZ
NU HOLDINGS CLASS A 8.54%
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%
B3 BRASIL BOLSA BALCAO SA 3.27%
WEG 3.13%
Check overlap with more funds →

Side by side

BINC iShares Flexible Income Active ETF EWZ iShares MSCI Brazil ETF
Where it sits Bond ETF Stock ETF
What it is Actively managed Tracks the MSCI Brazil
Total return, 1 year +0.5% +13.7%
Expense ratio 0.40% 0.59%
Already in the S&P 500 0.0% 0.0%
Holdings 4690 59
Net assets, BINC as of Oct 27, 2026 and EWZ as of Oct 28, 2026 $16.8bn $10.3bn

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

Client brief · page 1 of 2 Report BR-6805867E87

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

  1. What each follows. BINC follows No index, actively managed and EWZ follows MSCI Brazil 25/50 Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 BINC returned +0.5% and EWZ +13.7% with distributions reinvested, a gap of 13.2 points.

Data as of Oct 28, 2026.

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About each fund
BINC

BINC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.40% 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 4,690 positions, with the top ten at 24.6%.

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, BINC or EWZ?
In the year to Oct 28, 2026, with distributions reinvested, BINC returned +0.5% and EWZ +13.7%.
Which is cheaper, BINC or EWZ?
BINC is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do BINC and EWZ overlap with the S&P 500?
By their latest filed holdings, 0% of BINC and 0% of EWZ by weight is stocks the S&P 500 already holds.
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ETFIQ, BINC against EWZ, data as of Oct 28, 2026. https://etfiq.com/compare/any/binc-vs-ewz

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