Data as of Oct 28, 2026.

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EWZ vs MAGS: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to MAGS's +5.8%; 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 $5.5bn for Roundhill Magnificent Seven ETF.

At a glance
+13.7%
EWZ total return, 1 year
+5.8%
MAGS total return, 1 year
0.59%
EWZ expense ratio
0.30%
MAGS expense ratio

Pair scorecard

MAGS costs 0.29 points a year less; their one-year returns differ by 7.9 points; EWZ is 1.9 times larger.

EWZ vs MAGS: Differences, Returns & Fees
MeasureEWZMAGS
Return
Total return, 1 year+13.7%+5.8%
Drawdown
Below its high25.4%, high on May 20, 20084.1%, high on Oct 13, 2026
Benchmark
What it tracksMSCI Brazil 25/50 IndexNo index, actively managed
Cost and size
Expense ratio0.59%0.30%
Net assets$10.3bn$5.5bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund57.5%29.3%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

Risk and return

Apr 21, 2023 to Oct 23, 2026 · 183 weekly returns
EWZ MAGS
Return
Total return edge MAGS +87.7% +189.1%
Annualized edge MAGS +19.6% +35.2%
Price return edge MAGS +53.8% +181.4%
Risk
Volatility edge EWZ (slight) 22.9% 24.0%
Max drawdown edge MAGS −30.7% −26.6%
Risk-adjusted
Sharpe edge MAGS 0.69 1.19
Sortino edge MAGS 1.11 1.97
Calmar edge MAGS 0.64 1.33
Reading

MAGS returned more: +189.1% to +87.7%. EWZ swung slightly less: 22.9% to 24.0%. MAGS fell less at its worst: −26.6% to −30.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EWZ vs MAGS: Differences, Returns & Fees
MeasureEWZMAGSEdgeHow it is measured
Return
Total return+87.7%+189.1%MAGSPrice change plus distributions, reinvested.
Annualized+19.6%+35.2%MAGSTotal return as a yearly rate.
Price return+53.8%+181.4%MAGSPrice change alone, distributions left out.
Risk
Volatility22.9%24.0%EWZ (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation14.4%14.5%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−30.7%−26.6%MAGSDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.691.19MAGSReturn above Treasury bills per unit of volatility.
Sortino1.111.97MAGSReturn above Treasury bills per unit of downside deviation.
Calmar0.641.33MAGSAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 183 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWZ and MAGS hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWZ MAGS
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 MAGS
Roundhill Ultra Short Duration 6.83%
NVIDIA Corp 3.52%
Apple Inc 3.49%
Amazon.com Inc 3.48%
Tesla Inc 3.45%
Microsoft Corp 3.07%
Meta Platforms Inc 3.04%
Alphabet Inc 2.45%
Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF MAGS Roundhill Magnificent Seven ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Brazil Actively managed
Total return, 1 year +13.7% +5.8%
Expense ratio 0.59% 0.30%
Already in the S&P 500 0.0% 22.5%
Holdings 59 8
Net assets $10.3bn $5.5bn

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

Client brief

No client brief for this pair: the two funds' holdings are dated 119 days apart.

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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.

MAGS

MAGS is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +5.8% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 29.3%. It sat 4.1% below its high of Oct 13, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or MAGS?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and MAGS +5.8%.
Which is cheaper, EWZ or MAGS?
MAGS is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and MAGS overlap with the S&P 500?
By their latest filed holdings, 0% of EWZ and 22% of MAGS by weight is stocks the S&P 500 already holds.
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ETFIQ, EWZ against MAGS, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-mags

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