Data as of Oct 28, 2026.

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EWZ vs FNDX: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to FNDX's +23.9%; 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 $27.6bn on Aug 31, 2026 for Schwab Fundamental U.S. Large Company ETF.

At a glance
+13.7%
EWZ total return, 1 year
+23.9%
FNDX total return, 1 year
0.59%
EWZ expense ratio
0.25%
FNDX expense ratio

Pair scorecard

FNDX costs 0.34 points a year less; their one-year returns differ by 10.2 points.

EWZ vs FNDX: Differences, Returns & Fees
MeasureEWZFNDX
Return
Total return, 1 year+13.7%+23.9%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksMSCI Brazil 25/50 IndexFundamental U.S. Large Company
Cost and size
Expense ratio0.59%0.25%
Net assets, EWZ as of Oct 28, 2026 and FNDX as of Aug 31, 2026$10.3bn$27.6bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund57.5%21.0%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, EWZ and FNDX hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWZ FNDX
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 FNDX
Apple Inc 4.46%
Microsoft Corp 2.82%
ExxonMobil Holdings Corp 2.42%
Amazon.com Inc 1.80%
Alphabet Inc 1.78%
JPMorgan Chase & Co 1.63%
Chevron Corp 1.61%
Berkshire Hathaway Inc 1.60%
Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF FNDX Schwab Fundamental U.S. Large Company ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Brazil Tracks an index of Fundamental U.S. Large Company
Total return, 1 year +13.7% +23.9%
Its benchmark over the same days not measured +13.1% (IWB)
Gap to its benchmark not measured +10.8 pts vs IWB
Expense ratio 0.59% 0.25%
Already in the S&P 500 0.0% 88.4%
Holdings 59 731
Net assets, EWZ as of Oct 28, 2026 and FNDX as of Aug 31, 2026 $10.3bn $27.6bn

EWZ and FNDX 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.

FNDX

Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.

FNDX tracks an index of Fundamental U.S. Large Company. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 731 positions, with the top ten at 21.0%.

Questions people ask

Which returned more over the last year, EWZ or FNDX?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and FNDX +23.9%.
Which is cheaper, EWZ or FNDX?
FNDX is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and FNDX overlap with the S&P 500?
By their latest filed holdings, 0% of EWZ and 88% of FNDX by weight is stocks the S&P 500 already holds.
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ETFIQ, EWZ against FNDX, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-fndx

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