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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and IWM +14.1%.

Which is cheaper, EWZ or IWM?

IWM is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

EWZ vs IWM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to IWM's +14.1%; 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 $75.5bn on Oct 27, 2026 for iShares Russell 2000 ETF.

EWZ on its own →IWM on its own →

At a glance

+13.7%

EWZ total return, 1 year

+14.1%

IWM total return, 1 year

0.59%

EWZ expense ratio

0.19%

IWM expense ratio

Pair scorecard

IWM costs 0.40 points a year less; their one-year returns differ by 0.4 points; IWM is 6.6 times larger.

EWZ vs IWM: Differences, Returns & Fees
Measure	EWZ	IWM
Return
Measure	EWZ	IWM
Total return, 1 year	+13.7%	+14.1%
Drawdown
Measure	EWZ	IWM
Below its high	25.4%, high on May 20, 2008	7.6%, high on Aug 14, 2026
Benchmark
Measure	EWZ	IWM
What it tracks	MSCI Brazil 25/50 Index	Russell 2000 Index
Cost and size
Measure	EWZ	IWM
Expense ratio	0.59%	0.19%
Net assets, as of Oct 26, 2026	$11.3bn	$74.6bn
Holdings
Measure	EWZ	IWM
Holdings in common	0%
Top ten holdings, share of the fund	57.5%	3.3%

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

What they share

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

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 IWM

JFROG 0.37%

GLAUKOS 0.35%

TWIST BIOSCIENCE 0.35%

MOOG INC CLASS A 0.34%

BRIGHTSPRING HEALTH SERVICES INC 0.33%

UMB FINANCIAL 0.33%

SM ENERGY 0.32%

10X GENOMICS CLASS A 0.31%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF IWM iShares Russell 2000 ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI Brazil Tracks the Russell 2000

Total return, 1 year +13.7% +14.1%

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

Gap to its benchmark not measured −0.2 pts vs VTWO

Expense ratio 0.59% 0.19%

Already in the S&P 500 0.0% 0.0%

Holdings 59 1977

Net assets, EWZ as of Oct 28, 2026 and IWM as of Oct 27, 2026 $10.3bn $75.5bn

EWZ and IWM 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.

IWM

IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% 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 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or IWM?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and IWM +14.1%.
Which is cheaper, EWZ or IWM?: IWM is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and IWM overlap with the S&P 500?: By their latest filed holdings, 0% of EWZ and 0% of IWM by weight is stocks the S&P 500 already holds.

Other comparisons

EWZ vs IWC EWZ vs VB EWZ vs IJR EWZ vs IJT ILF vs IWM FENI vs IWM EZU vs IWM IWM vs VPL

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

IWM filings on SEC EDGAR ↗

IWM prospectus with the expense ratio (SEC) ↗

iShares page for IWM ↗

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

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