Data as of Oct 28, 2026.

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EWZ vs JAAA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to JAAA's +4.7%; 0% of their weight is in the same names.

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Net assets on Oct 28, 2026: $10.3bn for iShares MSCI Brazil ETF and $32.5bn for Janus Henderson AAA CLO ETF.

At a glance
+13.7%
EWZ total return, 1 year
+4.7%
JAAA total return, 1 year
0.59%
EWZ expense ratio
0.20%
JAAA expense ratio

Pair scorecard

JAAA costs 0.39 points a year less; their one-year returns differ by 9.0 points; JAAA is 3.2 times larger.

EWZ vs JAAA: Differences, Returns & Fees
MeasureEWZJAAA
Return
Total return, 1 year+13.7%+4.7%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksMSCI Brazil 25/50 IndexNo index, actively managed
Cost and size
Expense ratio0.59%0.20%
Net assets$10.3bn$32.5bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund57.5%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, EWZ and JAAA hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWZ JAAA
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 JAAA
KKR CLO 35 Ltd. 0.85%
AB BSL CLO 1 Ltd. 0.79%
Anchorage Capital CLO 16 Ltd. 0.73%
Palmer Square CLO Ltd. 0.69%
Ares LXI CLO Ltd. 0.68%
Carlyle US CLO Ltd. 0.62%
WISE CLO Ltd. 0.62%
Carlyle US CLO Ltd. 0.60%
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Side by side

EWZ iShares MSCI Brazil ETF JAAA Janus Henderson AAA CLO ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the MSCI Brazil Actively managed
Total return, 1 year +13.7% +4.7%
Expense ratio 0.59% 0.20%
Holdings 59 598
Net assets $10.3bn $32.5bn

EWZ and JAAA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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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.

JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

Questions people ask

Which returned more over the last year, EWZ or JAAA?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and JAAA +4.7%.
Which is cheaper, EWZ or JAAA?
JAAA is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EWZ against JAAA, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-jaaa

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