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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and GARP +18.0%.

Which is cheaper, EWZ or GARP?

GARP is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do EWZ and GARP overlap with the S&P 500?

By their latest filed holdings, 0% of EWZ and 94% of GARP by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EWZ vs GARP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to GARP's +18.0%; 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 $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF.

EWZ on its own →GARP on its own →

At a glance

+13.7%

EWZ total return, 1 year

+18.0%

GARP total return, 1 year

0.59%

EWZ expense ratio

0.15%

GARP expense ratio

Pair scorecard

GARP costs 0.44 points a year less; their one-year returns differ by 4.3 points; EWZ is 3.2 times larger.

EWZ vs GARP: Differences, Returns & Fees
Measure	EWZ	GARP
Return
Measure	EWZ	GARP
Total return, 1 year	+13.7%	+18.0%
Drawdown
Measure	EWZ	GARP
Below its high	25.4%, high on May 20, 2008	7.0%, high on Oct 6, 2026
Benchmark
Measure	EWZ	GARP
What it tracks	MSCI Brazil 25/50 Index	MSCI USA Quality GARP Select Index
Cost and size
Measure	EWZ	GARP
Expense ratio	0.59%	0.15%
Net assets, as of Oct 26, 2026	$11.3bn	$3.5bn
Holdings
Measure	EWZ	GARP
Holdings in common	0%
Top ten holdings, share of the fund	57.5%	43.5%

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

What they share

By the books each fund has filed, EWZ and GARP 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 EWZ GARP

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 GARP

MICROSOFT 5.67%

APPLE 5.66%

NVIDIA 5.18%

VISA CLASS A 5.13%

META PLATFORMS CLASS A 4.72%

MICRON TECHNOLOGY 4.61%

LAM RESEARCH 3.31%

CATERPILLAR INC 3.29%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF GARP iShares MSCI USA Quality GARP ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI Brazil Tracks the MSCI USA Quality GARP

Total return, 1 year +13.7% +18.0%

Its benchmark over the same days not measured +13.3% (PBUS)

Gap to its benchmark not measured +4.7 pts vs PBUS

Expense ratio 0.59% 0.15%

Already in the S&P 500 0.0% 94.4%

Holdings 59 131

Net assets, EWZ as of Oct 28, 2026 and GARP as of Oct 27, 2026 $10.3bn $3.6bn

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

Alert

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.

GARP

GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or GARP?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and GARP +18.0%.
Which is cheaper, EWZ or GARP?: GARP is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and GARP overlap with the S&P 500?: By their latest filed holdings, 0% of EWZ and 94% of GARP by weight is stocks the S&P 500 already holds.

Other comparisons

EWZ vs FBCG EWZ vs VOOG EWZ vs VONG EWZ vs SPYG GARP vs ILF FENI vs GARP EZU vs GARP GARP vs VPL

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

GARP filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

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

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