Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EWZ vs ILF: how they differ
EWZ and ILF hold 23% of their weight in the same names.
iShares MSCI Brazil ETF and iShares Latin America 40 ETF.
What they hold in common
By the books each fund has filed, EWZ and ILF hold 23% of their money in the same securities at the same weight.
| Holding | EWZ | ILF |
|---|---|---|
| NU HOLDINGS CLASS A | 9.13% | 8.61% |
| B3 BRASIL BOLSA BALCAO SA | 3.48% | 2.62% |
| ITAUSA INVESTIMENTOS ITAU PREF SA | 2.46% | 2.42% |
| WEG | 3.28% | 2.25% |
| COMPANHIA DE SANEAMENTO BASICO DE | 2.54% | 1.89% |
| AXIA ENERGIA SA | 3.05% | 1.83% |
| BANCO DO BRASIL SA | 1.50% | 1.92% |
| REDE DOR SAO LUIZ SA | 1.19% | 1.13% |
| LOCALIZA RENT A CAR | 1.31% | 0.94% |
| BRL CASH | 1.12% | 0.22% |
| BLK CSH FND TREASURY SL AGENCY | 0.08% | 0.31% |
| Only in EWZ | Only in ILF |
|---|---|
| CIA VALE DO RIO DOCE SH 9.71% | VALE ADR REPRESENTING ONE 8.00% |
| ITAU UNIBANCO HOLDING PREF SA 7.83% | ITAU UNIBANCO HOLDING ADR REP PRE 6.71% |
| PETROLEO BRASILEIRO PREF SA 7.30% | PETROLEO BRASILEIRO ADR REPTG PRE 6.33% |
| PETROLEO BRASILEIRO SA PETROBRAS 6.86% | GRUPO MEXICO B 6.02% |
| BANCO BRADESCO PREF 3.70% | PETROLEO BRASILEIRO ADR REPTG SA 5.94% |
| AMBEV SA 2.81% | GPO FINANCE BANORTE 4.24% |
| BCO BTG PACTUAL UNT SA 2.74% | CREDICORP LTD 3.85% |
| EMBRAER 2.56% | AMERICA MOVIL B 3.08% |
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 Sep 10, 2026.
| EWZ iShares MSCI Brazil ETF | ILF iShares Latin America 40 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI Brazil | Latin America 40 |
| Total return, 1 year | +32.9% | +33.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +15.4 pts | +15.9 pts |
| Expense ratio | 0.59% | 0.47% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 50 | 47 |
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.
ILF in plain words
ILF is an index equity fund tracking the Latin America 40. Over the year to Sep 11, 2026 it returned +33.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.47% 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 47 positions, with the top ten at 55.7%. It sat 4.4% below its high of Apr 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EWZ or ILF?
- In the year to Sep 13, 2026, with distributions reinvested, EWZ returned +32.9% and ILF returned +33.4%, so ILF returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EWZ or ILF?
- EWZ charges 0.59% a year and ILF charges 0.47%, so ILF is cheaper. Fees come from each fund's prospectus.
- How much do EWZ and ILF overlap with the S&P 500?
- By their latest filed holdings, 0% of EWZ and 0% of ILF by weight is stocks the S&P 500 already holds. Between the two funds, 23% of their books are the same securities at the same weight.
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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 ILF, data as of Sep 13, 2026. https://etfiq.com/compare/any/ewz-vs-ilf Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources