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

In the year to Oct 28, 2026, with distributions reinvested, EFA returned +12.1% and EWZ +13.7%.

Which is cheaper, EFA or EWZ?

EFA 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 EFA and EWZ overlap with the S&P 500?

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

Data as of Oct 28, 2026.

Across categories

EFA vs EWZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EFA returned +12.1% to EWZ's +13.7%; 0% of their weight is in the same names.

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Net assets: $76.8bn on Oct 27, 2026 for iShares MSCI EAFE ETF, and $10.3bn on Oct 28, 2026 for iShares MSCI Brazil ETF.

EFA on its own →EWZ on its own →

At a glance

+12.1%

EFA total return, 1 year

+13.7%

EWZ total return, 1 year

0.32%

EFA expense ratio

0.59%

EWZ expense ratio

Pair scorecard

EFA costs 0.27 points a year less; their one-year returns differ by 1.6 points; EFA is 6.8 times larger.

EFA vs EWZ: Differences, Returns & Fees
Measure	EFA	EWZ
Return
Measure	EFA	EWZ
Total return, 1 year	+12.1%	+13.7%
Drawdown
Measure	EFA	EWZ
Below its high	4.7%, high on Aug 25, 2026	25.4%, high on May 20, 2008
Benchmark
Measure	EFA	EWZ
What it tracks	MSCI EAFE Index	MSCI Brazil 25/50 Index
Cost and size
Measure	EFA	EWZ
Expense ratio	0.32%	0.59%
Net assets, as of Oct 26, 2026	$76.4bn	$11.3bn
Holdings
Measure	EFA	EWZ
Holdings in common	0%
Top ten holdings, share of the fund	14.3%	57.5%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EFA EWZ

Only in one fund ↓

Only in EFA

ASML HOLDING 2.98%

ROCHE PS PAR AG 1.58%

SHELL 1.42%

HSBC HOLDINGS PLC 1.38%

NOVARTIS AG 1.33%

ASTRAZENECA PLC 1.21%

NESTLE SA 1.21%

SAP 1.13%

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

EFA iShares MSCI EAFE ETF EWZ iShares MSCI Brazil ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of Developed markets ex US Tracks the MSCI Brazil

Total return, 1 year +12.1% +13.7%

Its benchmark over the same days +14.3% (ACWX) not measured

Gap to its benchmark −2.2 pts vs ACWX not measured

Expense ratio 0.32% 0.59%

Already in the S&P 500 0.0% 0.0%

Holdings 665 59

Net assets, EFA as of Oct 27, 2026 and EWZ as of Oct 28, 2026 $76.8bn $10.3bn

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

Alert

About each fund

EFA

EFA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. 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 665 positions, with the top ten at 14.3%. It sat 4.7% below its high of Aug 25, 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, EFA or EWZ?: In the year to Oct 28, 2026, with distributions reinvested, EFA returned +12.1% and EWZ +13.7%.
Which is cheaper, EFA or EWZ?: EFA 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 EFA and EWZ overlap with the S&P 500?: By their latest filed holdings, 0% of EFA and 0% of EWZ by weight is stocks the S&P 500 already holds.

Other comparisons

EFA vs ILF EFA vs EZU EFA vs VPL EFA vs URTH EWZ vs VXUS EWZ vs IEFA EWZ vs VEA EWZ vs SCHF

Where to next

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

Sources and dates

EFA filings on SEC EDGAR ↗

EFA prospectus with the expense ratio (SEC) ↗

iShares page for EFA ↗

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

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