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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and MBB −0.8%.

Which is cheaper, EWZ or MBB?

MBB is cheaper, by 0.55 percentage points a year. That is about $55 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EWZ vs MBB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to MBB's −0.8%; 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 $35.5bn for iShares MBS ETF.

EWZ on its own →MBB on its own →

At a glance

+13.7%

EWZ total return, 1 year

−0.8%

MBB total return, 1 year

0.59%

EWZ expense ratio

0.04%

MBB expense ratio

Pair scorecard

MBB costs 0.55 points a year less; their one-year returns differ by 14.5 points; MBB is 3.4 times larger.

EWZ vs MBB: Differences, Returns & Fees
Measure	EWZ	MBB
Return
Measure	EWZ	MBB
Total return, 1 year	+13.7%	−0.8%
Drawdown
Measure	EWZ	MBB
Below its high	25.4%, high on May 20, 2008
Benchmark
Measure	EWZ	MBB
What it tracks	MSCI Brazil 25/50 Index	Bloomberg U.S. MBS Index
Cost and size
Measure	EWZ	MBB
Expense ratio	0.59%	0.04%
Net assets	$10.3bn	$35.5bn
Holdings
Measure	EWZ	MBB
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 MBB 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 MBB

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 MBB

BLACKROCK CASH CL INST SL AGENCY 5.45%

FHLMC 30YR UMBS SUPER 1.05%

UMBS 30YR TBA(REG A) 0.60%

GNMA2 30YR 0.59%

GNMA2 30YR 0.54%

FNMA 30YR UMBS 0.53%

GNMA2 30YR 0.53%

GNMA2 30YR 0.52%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF MBB iShares MBS ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the MSCI Brazil Tracks an index of mortgage-backed securities

Total return, 1 year +13.7% −0.8%

Its benchmark over the same days not measured −1.1% (SPMB)

Gap to its benchmark not measured +0.3 pts vs SPMB

Expense ratio 0.59% 0.04%

Holdings 59 10813

Net assets $10.3bn $35.5bn

EWZ and MBB 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.

MBB

MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, EWZ or MBB?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and MBB −0.8%.
Which is cheaper, EWZ or MBB?: MBB is cheaper, by 0.55 percentage points a year. That is about $55 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EWZ vs GOVT EWZ vs IEF EWZ vs TLT EWZ vs IUSB ILF vs MBB FENI vs MBB EZU vs MBB MBB vs VPL

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

MBB filings on SEC EDGAR ↗

MBB prospectus with the expense ratio (SEC) ↗

iShares page for MBB ↗

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

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