Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EWZ vs GLDM: how they differ
EWZ is an equity index fund and GLDM a commodity fund, and over the year EWZ returned more, +32.9% against +19.4%.
iShares MSCI Brazil ETF and SPDR Gold MiniShares Trust.
| EWZ iShares MSCI Brazil ETF | GLDM SPDR Gold MiniShares Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI Brazil | Gold MiniShares |
| Total return, 1 year | +32.9% | +19.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +15.4 pts | +1.9 pts |
| Expense ratio | 0.59% | 0.18% |
| Holdings | 50 | not filed |
EWZ in plain words
EWZ is an index equity fund tracking the MSCI Brazil. Over the year to Sep 11, 2026 it returned +32.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.59% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 50 positions, with the top ten at 57.1%. It sat 7.6% below its high of Apr 14, 2026 on Sep 11, 2026.
GLDM in plain words
GLDM is a commodity fund tracking the Gold MiniShares. Over the year to Sep 11, 2026 it returned +19.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. It sat 19.4% below its high of Jan 29, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EWZ or GLDM?
- In the year to Sep 13, 2026, with distributions reinvested, EWZ returned +32.9% and GLDM returned +19.4%, so EWZ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EWZ or GLDM?
- EWZ charges 0.59% a year and GLDM charges 0.18%, so GLDM is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EWZ against GLDM, data as of Sep 13, 2026. https://etfiq.com/compare/any/ewz-vs-gldm Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources