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Data as of Oct 28, 2026.

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EWZ vs EZU: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to EZU's +7.1%; 0% of their weight is in the same names.

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Net assets: $10.3bn on Oct 28, 2026 for iShares MSCI Brazil ETF, and $9.2bn on Oct 27, 2026 for iShares MSCI Eurozone ETF.

EWZ on its own →EZU on its own →
At a glance
+13.7%
EWZ total return, 1 year
+7.1%
EZU total return, 1 year
0.59%
EWZ expense ratio
0.50%
EZU expense ratio

Pair scorecard

EZU costs 0.09 points a year less; their one-year returns differ by 6.6 points; EWZ is 1.5 times larger.

EWZ vs EZU: Differences, Returns & Fees
MeasureEWZEZU
Return
Total return, 1 year+13.7%+7.1%
Drawdown
Below its high25.4%, high on May 20, 20088.7%, high on Aug 14, 2026
Benchmark
What it tracksMSCI Brazil 25/50 IndexMSCI EMU Index
Cost and size
Expense ratio0.59%0.50%
Net assets, as of Oct 23, 2026$14.0bn$9.1bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund57.5%30.5%

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

What they share

0%

By the books each fund has filed, EWZ and EZU 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 EWZ EZU
Only in one fund ↓
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%
Only in EZU
ASML HOLDING 8.79%
SAP 3.33%
SIEMENS N AG 2.97%
ALLIANZ 2.55%
BANCO SANTANDER 2.48%
TOTALENERGIES 2.48%
IBERDROLA 2.10%
SCHNEIDER ELECTRIC 2.05%
Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF EZU iShares MSCI Eurozone ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Tracks the MSCI Brazil Tracks the MSCI Eurozone
Total return, 1 year +13.7% +7.1%
Its benchmark over the same days not measured +14.3% (ACWX)
Gap to its benchmark not measured −7.2 pts vs ACWX
Expense ratio 0.59% 0.50%
Already in the S&P 500 0.0% 0.0%
Holdings 59 216
Net assets, EWZ as of Oct 28, 2026 and EZU as of Oct 27, 2026 $10.3bn $9.2bn

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

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About each fund
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.

EZU

EZU tracks the MSCI Eurozone. Over the year to Oct 28, 2026 it returned +7.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA 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 216 positions, with the top ten at 30.5%. It sat 8.7% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or EZU?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and EZU +7.1%.
Which is cheaper, EWZ or EZU?
EZU 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.
How much do EWZ and EZU overlap with the S&P 500?
By their latest filed holdings, 0% of EWZ and 0% of EZU by weight is stocks the S&P 500 already holds.
Other comparisons
EWZ vs VGKEWW vs EWZEWZ vs VTEWZ vs VXUSEZU vs ILFEZU vs URTHEZU vs INDAEZU vs IXUS
Where to next
EWZ on its own →EZU on its own →Hold both: look the portfolio through →Rankings →EWZ dividend history →EWZ holdings →EZU dividend history →EZU holdings →Standards and sources →
Sources and dates
EWZ and EZU filings on SEC EDGAR ↗
EWZ prospectus with the expense ratio (SEC) ↗
iShares page for EWZ ↗
EZU prospectus with the expense ratio (SEC) ↗
iShares page for EZU ↗

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

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