Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EWZ vs IALT: how they differ
EWZ and IALT hold 0% of their weight in the same names.
iShares MSCI Brazil ETF and iShares Systematic Alternatives Active ETF.
What they hold in common
By the books each fund has filed, EWZ and IALT hold 0% of their money in the same securities at the same weight.
| Only in EWZ | Only in IALT |
|---|---|
| CIA VALE DO RIO DOCE SH 9.71% | Intercontinental Exchange, Inc. 17.26% |
| NU HOLDINGS CLASS A 9.13% | PRIME SECSRVC BRW/FINANC 1.29% |
| ITAU UNIBANCO HOLDING PREF SA 7.83% | PHINIA INC 0.94% |
| PETROLEO BRASILEIRO PREF SA 7.30% | DISH DBS CORP 0.21% |
| PETROLEO BRASILEIRO SA PETROBRAS 6.86% | DISH DBS CORP 0.19% |
| BANCO BRADESCO PREF 3.70% | DISH DBS CORP 0.10% |
| B3 BRASIL BOLSA BALCAO SA 3.48% | |
| WEG 3.28% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 10, 2026.
| EWZ iShares MSCI Brazil ETF | IALT iShares Systematic Alternatives Active ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI Brazil | Systematic Alternatives Active |
| Total return, 1 year | +32.9% | +17.4% |
| S&P 500 over the same days | +17.5% | +12.1% |
| Gap to the S&P 500 | +15.4 pts | +5.4 pts |
| Expense ratio | 0.59% | not published |
| Already in the S&P 500 | 0.0% | 54.9% |
| Holdings | 50 | 8 |
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.
IALT in plain words
IALT is an index equity fund tracking the Systematic Alternatives Active. By its holdings filed for Apr 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 100.0%.
Questions people ask
- How much do EWZ and IALT overlap with the S&P 500?
- By their latest filed holdings, 0% of EWZ and 55% of IALT by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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 IALT, data as of Sep 13, 2026. https://etfiq.com/compare/any/ewz-vs-ialt Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources