Data as of Oct 28, 2026.
EWY vs EWZ: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWY returned +79.7% to EWZ's +13.7%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $24.4bn for iShares MSCI South Korea ETF and $10.3bn for iShares MSCI Brazil ETF.
Pair scorecard
Both cost 0.59% a year; their one-year returns differ by 66.0 points; EWY is 2.4 times larger.
Points (pts) are percentage points.
| Measure | EWY | EWZ |
|---|---|---|
| Return | ||
| Total return, 1 year | +79.7% | +13.7% |
| Drawdown | ||
| Below its high | 24.3%, high on Jun 18, 2026 | 25.4%, high on May 20, 2008 |
| Benchmark | ||
| What it tracks | MSCI Korea 25/50 Daily 25 Capped Index | MSCI Brazil 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.59% |
| Net assets | $24.4bn | $10.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 60.9% | 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 returnsEWY returned more: +927.7% to +465.4%. EWY swung less: 30.6% to 34.7%. EWY fell slightly less at its worst: −70.1% to −76.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWY | EWZ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +927.7% | +465.4% | EWY | Price change plus distributions, reinvested. |
| Annualized | +9.2% | +6.8% | EWY | Total return as a yearly rate. |
| Price return | +637.9% | +113.0% | EWY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 30.6% | 34.7% | EWY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 21.0% | 24.1% | EWY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −70.1% | −76.1% | EWY (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.38 | 0.31 | EWY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.56 | 0.45 | EWY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.13 | 0.09 | EWY | 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, EWY 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
EWY and EWZ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWY and EWZ do different jobs. What does each one do in a portfolio?
- What each follows. EWY follows MSCI Korea 25/50 Daily 25 Capped 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).
- One-year total return. Over 1 year to Oct 28, 2026 EWY returned +79.7% and EWZ +13.7% with distributions reinvested, a gap of 66.0 points.
Data as of Oct 28, 2026.
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EWY
EWY tracks the MSCI South Korea. Over the year to Oct 28, 2026 it returned +79.7% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. 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 78 positions, with the top ten at 60.9%. It sat 24.3% below its high of Jun 18, 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. 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
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, EWY against EWZ, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewy-vs-ewz
ETFIQ. (Oct 28, 2026). EWY against EWZ. Retrieved from https://etfiq.com/compare/any/ewy-vs-ewz
[EWY against EWZ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewy-vs-ewz)
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