Data as of Oct 28, 2026.
EWZ vs IGM: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWZ returned +13.7% to IGM's +21.7%; 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 $11.0bn on Oct 27, 2026 for iShares Expanded Tech Sector ETF.
Pair scorecard
IGM costs 0.22 points a year less; their one-year returns differ by 8.0 points.
| Measure | EWZ | IGM |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +21.7% |
| Drawdown | ||
| Below its high | 25.4%, high on May 20, 2008 | 6.2%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | MSCI Brazil 25/50 Index | S&P North American Expanded Technology Sector Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.37% |
| Net assets, as of Oct 26, 2026 | $11.3bn | $10.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 57.5% | 56.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 30, 2001 to Oct 23, 2026 · 1,334 weekly returnsIGM returned more: +1,968.5% to +640.7%. IGM swung less: 23.5% to 34.8%. IGM fell less at its worst: −62.6% to −76.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWZ | IGM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +640.7% | +1,968.5% | IGM | Price change plus distributions, reinvested. |
| Annualized | +8.1% | +12.5% | IGM | Total return as a yearly rate. |
| Price return | +184.3% | +1,744.2% | IGM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 34.8% | 23.5% | IGM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 24.0% | 16.1% | IGM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −76.1% | −62.6% | IGM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.35 | 0.55 | IGM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.50 | 0.80 | IGM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.11 | 0.20 | IGM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,334 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWZ and IGM hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWZ and IGM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWZ and IGM do different jobs. What does each one do in a portfolio?
- What each follows. EWZ follows MSCI Brazil 25/50 Index and IGM follows S&P North American Expanded Technology Sector Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EWZ returned +13.7% and IGM +21.7% with distributions reinvested, a gap of 8.0 points.
Data as of Oct 28, 2026.
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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.
IGM
IGM tracks an index of Expanded Tech Sector. Over the year to Oct 28, 2026 it returned +21.7% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 295 positions, with the top ten at 56.8%. It sat 6.2% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWZ or IGM?
- In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and IGM +21.7%.
- Which is cheaper, EWZ or IGM?
- IGM is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, EWZ against IGM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-igm
ETFIQ. (Oct 28, 2026). EWZ against IGM. Retrieved from https://etfiq.com/compare/any/ewz-vs-igm
[EWZ against IGM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewz-vs-igm)
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