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

In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and EWZ +13.7%.

Which is cheaper, EEM or EWZ?

EWZ is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

EEM vs EWZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EEM returned +16.3% to EWZ's +13.7%; 4% of their weight is in the same names.

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Net assets: $29.1bn on Oct 27, 2026 for iShares MSCI Emerging Markets ETF, and $10.3bn on Oct 28, 2026 for iShares MSCI Brazil ETF.

EEM on its own →EWZ on its own →

At a glance

+16.3%

EEM total return, 1 year

+13.7%

EWZ total return, 1 year

0.72%

EEM expense ratio

0.59%

EWZ expense ratio

Pair scorecard

EWZ costs 0.13 points a year less; their one-year returns differ by 2.6 points; EEM is 2.5 times larger.

EEM vs EWZ: Differences, Returns & Fees
Measure	EEM	EWZ
Return
Measure	EEM	EWZ
Total return, 1 year	+16.3%	+13.7%
Drawdown
Measure	EEM	EWZ
Below its high	10.8%, high on Jun 22, 2026	25.4%, high on May 20, 2008
Benchmark
Measure	EEM	EWZ
What it tracks	MSCI Emerging Markets Index	MSCI Brazil 25/50 Index
Cost and size
Measure	EEM	EWZ
Expense ratio	0.72%	0.59%
Net assets, as of Oct 26, 2026	$28.7bn	$11.3bn
Holdings
Measure	EEM	EWZ
Holdings in common	4%
Top ten holdings, share of the fund	37.2%	57.5%

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

What they share

By the books each fund has filed, EEM and EWZ hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first EEM EWZ

PETROLEO BRASILEIRO PREF SA 0.40% 8.45%

NU HOLDINGS CLASS A 0.39% 8.54%

CIA VALE DO RIO DOCE SH 0.38% 8.42%

ITAU UNIBANCO HOLDING PREF SA 0.37% 8.20%

PETROLEO BRASILEIRO SA PETROBRAS 0.37% 8.07%

BANCO BRADESCO PREF 0.14% 3.39%

B3 BRASIL BOLSA BALCAO SA 0.13% 3.27%

ITAUSA INVESTIMENTOS ITAU PREF SA 0.13% 2.49%

AXIA ENERGIA SA 0.12% 3.08%

BCO BTG PACTUAL UNT SA 0.12% 2.94%

AMBEV SA 0.11% 2.99%

EMBRAER 0.11% 2.80%

Only in one fund ↓

Only in EEM

TAIWAN SEMICONDUCTOR MANUFACTURING 15.98%

SAMSUNG ELECTRONICS LTD 6.88%

SK HYNIX 4.91%

TENCENT HOLDINGS 2.64%

ALIBABA GROUP HOLDING 1.82%

MEDIATEK 1.54%

CHINA CONSTRUCTION BANK CORP H 0.94%

SAMSUNG ELECTRONICS NON VOTING PRE 0.91%

Only in EWZ

BRL/USD 0.00%

Check overlap with more funds →

Side by side

EEM iShares MSCI Emerging Markets ETF EWZ iShares MSCI Brazil ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of Emerging markets Tracks the MSCI Brazil

Total return, 1 year +16.3% +13.7%

Expense ratio 0.72% 0.59%

Already in the S&P 500 0.0% 0.0%

Holdings 1186 59

Net assets, EEM as of Oct 27, 2026 and EWZ as of Oct 28, 2026 $29.1bn $10.3bn

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

Alert

About each fund

EEM

EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% 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 1,186 positions, with the top ten at 37.2%. It sat 10.8% 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, EEM or EWZ?: In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and EWZ +13.7%.
Which is cheaper, EEM or EWZ?: EWZ is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EEM and EWZ overlap with the S&P 500?: By their latest filed holdings, 0% of EEM and 0% of EWZ by weight is stocks the S&P 500 already holds.

Other comparisons

EEM vs ILF EEM vs FENI EEM vs EZU EEM vs VPL EWZ vs VWO EWZ vs IEMG EMXC vs EWZ AVEM vs EWZ

Where to next

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

Sources and dates

EEM and EWZ filings on SEC EDGAR ↗

EEM and EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EEM ↗

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

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