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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and IEFA +12.3%.

Which is cheaper, EWZ or IEFA?

IEFA is cheaper, by 0.52 percentage points a year. That is about $52 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

EWZ vs IEFA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to IEFA's +12.3%; 0% of their weight is in the same names.

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Net assets on Oct 28, 2026: $10.3bn for iShares MSCI Brazil ETF and $190.4bn for iShares Core MSCI EAFE ETF.

EWZ on its own →IEFA on its own →

At a glance

+13.7%

EWZ total return, 1 year

+12.3%

IEFA total return, 1 year

0.59%

EWZ expense ratio

0.07%

IEFA expense ratio

Pair scorecard

IEFA costs 0.52 points a year less; their one-year returns differ by 1.4 points; IEFA is 18.5 times larger.

EWZ vs IEFA: Differences, Returns & Fees
Measure	EWZ	IEFA
Return
Measure	EWZ	IEFA
Total return, 1 year	+13.7%	+12.3%
Drawdown
Measure	EWZ	IEFA
Below its high	25.4%, high on May 20, 2008	4.7%, high on Aug 25, 2026
Benchmark
Measure	EWZ	IEFA
What it tracks	MSCI Brazil 25/50 Index	MSCI EAFE IMI Index
Cost and size
Measure	EWZ	IEFA
Expense ratio	0.59%	0.07%
Net assets	$10.3bn	$190.4bn
Holdings
Measure	EWZ	IEFA
Holdings in common	0%
Top ten holdings, share of the fund	57.5%	12.3%

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

What they share

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

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 IEFA

ASML HOLDING 2.55%

ROCHE PS PAR AG 1.36%

SHELL 1.21%

HSBC HOLDINGS PLC 1.18%

NOVARTIS AG 1.14%

ASTRAZENECA PLC 1.04%

NESTLE SA 1.04%

SAP 0.97%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF IEFA iShares Core MSCI EAFE ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI Brazil Tracks the MSCI EAFE

Total return, 1 year +13.7% +12.3%

Its benchmark over the same days not measured +14.3% (ACWX)

Gap to its benchmark not measured −2.0 pts vs ACWX

Expense ratio 0.59% 0.07%

Already in the S&P 500 0.0% 0.0%

Holdings 59 2629

Net assets $10.3bn $190.4bn

EWZ and IEFA 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.

IEFA

IEFA tracks the MSCI EAFE. Over the year to Oct 28, 2026 it returned +12.3% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.07% 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 2,629 positions, with the top ten at 12.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or IEFA?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and IEFA +12.3%.
Which is cheaper, EWZ or IEFA?: IEFA is cheaper, by 0.52 percentage points a year. That is about $52 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and IEFA overlap with the S&P 500?: By their latest filed holdings, 0% of EWZ and 0% of IEFA by weight is stocks the S&P 500 already holds.

Other comparisons

EWZ vs VEA EWZ vs VXUS EFA vs EWZ EWZ vs SCHF IEFA vs ILF EZU vs IEFA IEFA vs VPL IEFA vs URTH

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

IEFA filings on SEC EDGAR ↗

IEFA prospectus with the expense ratio (SEC) ↗

iShares page for IEFA ↗

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 IEFA, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-iefa

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