Data as of Oct 28, 2026.
EWZ vs INDA: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWZ returned +13.7% to INDA's −14.2%; 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 $5.8bn on Oct 27, 2026 for iShares MSCI India ETF.
Pair scorecard
EWZ costs 0.02 points a year less; their one-year returns differ by 27.9 points; EWZ is 2.0 times larger.
| Measure | EWZ | INDA |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | −14.2% |
| Drawdown | ||
| Below its high | 25.4%, high on May 20, 2008 | 20.4%, high on Sep 26, 2024 |
| Benchmark | ||
| What it tracks | MSCI Brazil 25/50 Index | MSCI India Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.61% |
| Net assets, as of Oct 26, 2026 | $11.3bn | $5.7bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 57.5% | 34.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 10, 2012 to Oct 23, 2026 · 767 weekly returnsINDA returned more: +106.6% to +20.9%. INDA swung less: 19.2% to 30.4%. INDA fell less at its worst: −41.0% to −70.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWZ | INDA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +20.9% | +106.6% | INDA | Price change plus distributions, reinvested. |
| Annualized | +1.3% | +5.0% | INDA | Total return as a yearly rate. |
| Price return | −36.8% | +78.6% | INDA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 30.4% | 19.2% | INDA | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 21.0% | 13.4% | INDA | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −70.9% | −41.0% | INDA | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.14 | 0.26 | INDA | Return above Treasury bills per unit of volatility. |
| Sortino | 0.20 | 0.38 | INDA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.02 | 0.12 | INDA | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 767 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWZ and INDA 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 INDA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWZ and INDA do different jobs. What does each one do in a portfolio?
- What each follows. EWZ follows MSCI Brazil 25/50 Index and INDA follows MSCI India 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 INDA −14.2% with distributions reinvested, a gap of 27.9 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.
INDA
INDA tracks the MSCI India. Over the year to Oct 28, 2026 it returned −14.2% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.61% 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 166 positions, with the top ten at 34.8%. It sat 20.4% below its high of Sep 26, 2024 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWZ or INDA?
- In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and INDA −14.2%.
- Which is cheaper, EWZ or INDA?
- EWZ is cheaper, by 0.02 percentage points a year. That is about $2 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 INDA, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-inda
ETFIQ. (Oct 28, 2026). EWZ against INDA. Retrieved from https://etfiq.com/compare/any/ewz-vs-inda
[EWZ against INDA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewz-vs-inda)
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