Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EWZ vs IWC: how they differ
EWZ and IWC hold 0% of their weight in the same names, and EWZ returned more over the year.
iShares MSCI Brazil ETF and iShares Micro-Cap ETF.
What they hold in common
By the books each fund has filed, EWZ and IWC hold 0% of their money in the same securities at the same weight.
| Holding | EWZ | IWC |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.08% | 0.03% |
| Only in EWZ | Only in IWC |
|---|---|
| CIA VALE DO RIO DOCE SH 9.71% | CAREDX 0.61% |
| NU HOLDINGS CLASS A 9.13% | SELLAS LIFE SCIENCES GROUP INC 0.60% |
| ITAU UNIBANCO HOLDING PREF SA 7.83% | NURIX THERAPEUTICS 0.59% |
| PETROLEO BRASILEIRO PREF SA 7.30% | PENGUIN SOLUTIONS INC 0.58% |
| PETROLEO BRASILEIRO SA PETROBRAS 6.86% | OUSTER 0.52% |
| BANCO BRADESCO PREF 3.70% | VIRIDIAN THERAPEUTICS ORS 0.48% |
| B3 BRASIL BOLSA BALCAO SA 3.48% | INTERFACE 0.47% |
| WEG 3.28% | MBX BIOSCIENCES 0.45% |
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 | IWC iShares Micro-Cap ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI Brazil | Russell Microcap |
| Total return, 1 year | +32.9% | +31.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +15.4 pts | +13.8 pts |
| Expense ratio | 0.59% | not published |
| Already in the S&P 500 | 0.0% | 91.9% |
| Holdings | 50 | 1252 |
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.
IWC in plain words
IWC is an index equity fund tracking the Russell Microcap. Over the year to Sep 11, 2026 it returned +31.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Sep 10, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1252 positions, with the top ten at 5.1%. It sat 5.0% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EWZ or IWC?
- In the year to Sep 13, 2026, with distributions reinvested, EWZ returned +32.9% and IWC returned +31.3%, so EWZ returned more. One year is one year; the longer windows are in the table.
- How much do EWZ and IWC overlap with the S&P 500?
- By their latest filed holdings, 0% of EWZ and 92% of IWC 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.
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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 IWC, data as of Sep 13, 2026. https://etfiq.com/compare/any/ewz-vs-iwc Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources