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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and GLDM +2.8%.

Which is cheaper, EWZ or GLDM?

GLDM is cheaper, by 0.49 percentage points a year. That is about $49 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

EWZ vs GLDM: Differences, Returns & Fees

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EWZ is an equity index fund and GLDM a commodity fund, and over the year to Oct 28, 2026, EWZ returned +13.7% against +2.8%.

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Net assets: $10.3bn on Oct 28, 2026 for iShares MSCI Brazil ETF, and $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust.

EWZ on its own →GLDM on its own →

At a glance

+13.7%

EWZ total return, 1 year

+2.8%

GLDM total return, 1 year

0.59%

EWZ expense ratio

0.10%

GLDM expense ratio

Pair scorecard

GLDM costs 0.49 points a year less; their one-year returns differ by 10.9 points; GLDM is 2.7 times larger.

EWZ vs GLDM: Differences, Returns & Fees
Measure	EWZ	GLDM
Return
Measure	EWZ	GLDM
Total return, 1 year	+13.7%	+2.8%
Drawdown
Measure	EWZ	GLDM
Below its high	25.4%, high on May 20, 2008	24.5%, high on Jan 29, 2026
Benchmark
Measure	EWZ	GLDM
What it tracks	MSCI Brazil 25/50 Index	Gold
Cost and size
Measure	EWZ	GLDM
Expense ratio	0.59%	0.10%
Net assets, as of Oct 26, 2026	$11.3bn	$30.4bn
Holdings
Measure	EWZ	GLDM
Holdings in common	not published
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	57.5%

Method

Side by side

EWZ iShares MSCI Brazil ETF GLDM SPDR Gold MiniShares Trust

Where it sits Stock ETF Commodity ETF

Issuer iShares State Street

What it is Tracks the MSCI Brazil Holds gold

Total return, 1 year +13.7% +2.8%

Its benchmark over the same days not measured +2.5% (GLD)

Gap to its benchmark not measured +0.3 pts vs GLD

Expense ratio 0.59% 0.10%

Holdings 59 not counted

Net assets, EWZ as of Oct 28, 2026 and GLDM as of Oct 27, 2026 $10.3bn $30.6bn

EWZ and GLDM 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.

GLDM

Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLDM holds gold. Over the year to Oct 28, 2026 it returned +2.8% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.5% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or GLDM?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and GLDM +2.8%.
Which is cheaper, EWZ or GLDM?: GLDM is cheaper, by 0.49 percentage points a year. That is about $49 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

EWZ vs GLD EWZ vs IAU EWZ vs USO EWZ vs SLV GLDM vs ILF FENI vs GLDM EZU vs GLDM GLDM vs VPL

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

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

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