Data as of Oct 28, 2026.
EWW vs EWZ: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWW returned +15.0% to EWZ's +13.7%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $1.6bn for iShares MSCI Mexico ETF and $10.3bn for iShares MSCI Brazil ETF.
Pair scorecard
EWW costs 0.09 points a year less; their one-year returns differ by 1.3 points; EWZ is 6.4 times larger.
| Measure | EWW | EWZ |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.0% | +13.7% |
| Drawdown | ||
| Below its high | 6.8%, high on Feb 20, 2026 | 25.4%, high on May 20, 2008 |
| Benchmark | ||
| What it tracks | MSCI Mexico IMI 25/50 Index | MSCI Brazil 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.50% | 0.59% |
| Net assets | $1.6bn | $10.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 64.5% | 57.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jul 21, 2000 to Oct 23, 2026 · 1,370 weekly returnsEWW returned more: +668.4% to +465.4%. EWW swung less: 26.1% to 34.7%. EWW fell less at its worst: −63.8% to −76.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWW | EWZ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +668.4% | +465.4% | EWW | Price change plus distributions, reinvested. |
| Annualized | +8.0% | +6.8% | EWW | Total return as a yearly rate. |
| Price return | +342.7% | +113.0% | EWW | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.1% | 34.7% | EWW | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 18.4% | 24.1% | EWW | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −63.8% | −76.1% | EWW | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.36 | 0.31 | EWW | Return above Treasury bills per unit of volatility. |
| Sortino | 0.51 | 0.45 | EWW | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.13 | 0.09 | EWW | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,370 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWW and EWZ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWW and EWZ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWW and EWZ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EWW follows MSCI Mexico IMI 25/50 Index and EWZ follows MSCI Brazil 25/50 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Size. EWW has $1.6bn in net assets and EWZ $10.3bn (Net assets); EWZ is 6.4 times larger.
Data as of Oct 28, 2026.
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EWW
EWW tracks an index. Over the year to Oct 28, 2026 it returned +15.0% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.50% 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 40 positions, with the top ten at 64.5%. It sat 6.8% below its high of Feb 20, 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, EWW or EWZ?
- In the year to Oct 28, 2026, with distributions reinvested, EWW returned +15.0% and EWZ +13.7%.
- Which is cheaper, EWW or EWZ?
- EWW is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, EWW against EWZ, data as of Oct 28, 2026. https://etfiq.com/compare/any/eww-vs-ewz
ETFIQ. (Oct 28, 2026). EWW against EWZ. Retrieved from https://etfiq.com/compare/any/eww-vs-ewz
[EWW against EWZ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eww-vs-ewz)
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