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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and LQD −3.4%.

Which is cheaper, EWZ or LQD?

LQD is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EWZ vs LQD: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to LQD's −3.4%; 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 $30.6bn on Oct 27, 2026 for iShares iBoxx $ Investment Grade Corporate Bond ETF.

EWZ on its own →LQD on its own →

At a glance

+13.7%

EWZ total return, 1 year

−3.4%

LQD total return, 1 year

0.59%

EWZ expense ratio

0.14%

LQD expense ratio

Pair scorecard

LQD costs 0.45 points a year less; their one-year returns differ by 17.1 points; LQD is 2.2 times larger.

EWZ vs LQD: Differences, Returns & Fees
Measure	EWZ	LQD
Return
Measure	EWZ	LQD
Total return, 1 year	+13.7%	−3.4%
Drawdown
Measure	EWZ	LQD
Below its high	25.4%, high on May 20, 2008	6.3%, high on Sep 22, 2021
Benchmark
Measure	EWZ	LQD
What it tracks	MSCI Brazil 25/50 Index	Markit iBoxx USD Liquid Investment Grade Index
Cost and size
Measure	EWZ	LQD
Expense ratio	0.59%	0.14%
Net assets, as of Oct 23, 2026	$14.0bn	$30.2bn
Holdings
Measure	EWZ	LQD
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	57.5%

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

What they share

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

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 LQD

ANHEUSER-BUSCH COMPANIES LLC 0.20%

CVS HEALTH CORP 0.17%

SPACE EXPLORATION TECHNOLOGIES COR 144A 0.16%

T-MOBILE USA INC 0.16%

AMAZON.COM INC 0.14%

BOEING CO 0.14%

CITIGROUP INC 0.14%

GOLDMAN SACHS GROUP INC 0.14%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF LQD iShares iBoxx $ Investment Grade Corporate Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the MSCI Brazil Tracks an index of US investment grade bonds

Total return, 1 year +13.7% −3.4%

Its benchmark over the same days not measured −1.2% (IUSB)

Gap to its benchmark not measured −2.2 pts vs IUSB

Expense ratio 0.59% 0.14%

Holdings 59 3191

Net assets, EWZ as of Oct 28, 2026 and LQD as of Oct 27, 2026 $10.3bn $30.6bn

EWZ and LQD 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.

LQD

LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or LQD?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and LQD −3.4%.
Which is cheaper, EWZ or LQD?: LQD is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EWZ vs IGIB EWZ vs VCIT EWZ vs JAAA EWZ vs SHY ILF vs LQD EZU vs LQD LQD vs VPL LQD vs URTH

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

LQD filings on SEC EDGAR ↗

LQD prospectus with the expense ratio (SEC) ↗

iShares page for LQD ↗

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

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