Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EWZ vs MTUM: how they differ
EWZ and MTUM hold 0% of their weight in the same names, and EWZ returned more over the year.
iShares MSCI Brazil ETF and iShares MSCI USA Momentum Factor ETF.
What they hold in common
By the books each fund has filed, EWZ and MTUM hold 0% of their money in the same securities at the same weight.
| Holding | EWZ | MTUM |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.08% | 0.09% |
| Only in EWZ | Only in MTUM |
|---|---|
| CIA VALE DO RIO DOCE SH 9.71% | ADVANCED MICRO DEVICES 5.39% |
| NU HOLDINGS CLASS A 9.13% | MICRON TECHNOLOGY 5.20% |
| ITAU UNIBANCO HOLDING PREF SA 7.83% | INTEL CORPORATION 4.14% |
| PETROLEO BRASILEIRO PREF SA 7.30% | CISCO SYSTEMS INC 3.48% |
| PETROLEO BRASILEIRO SA PETROBRAS 6.86% | JOHNSON & JOHNSON 3.38% |
| BANCO BRADESCO PREF 3.70% | SANDISK 3.10% |
| B3 BRASIL BOLSA BALCAO SA 3.48% | APPLIED MATERIAL INC 2.87% |
| WEG 3.28% | ALPHABET CLASS A 2.69% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| EWZ iShares MSCI Brazil ETF | MTUM iShares MSCI USA Momentum Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI Brazil | MSCI USA Momentum Factor |
| Total return, 1 year | +32.9% | +21.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +15.4 pts | +4.3 pts |
| Expense ratio | 0.59% | 0.15% |
| Already in the S&P 500 | 0.0% | 98.2% |
| Holdings | 50 | 128 |
EWZ in plain words
EWZ is an index equity fund tracking the MSCI Brazil. Over the year to Sep 11, 2026 it returned +32.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.59% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 50 positions, with the top ten at 57.1%. It sat 7.6% below its high of Apr 14, 2026 on Sep 11, 2026.
MTUM in plain words
MTUM is an index equity fund tracking the MSCI USA Momentum Factor. Over the year to Sep 11, 2026 it returned +21.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 128 positions, with the top ten at 35.3%. It sat 11.1% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EWZ or MTUM?
- In the year to Sep 13, 2026, with distributions reinvested, EWZ returned +32.9% and MTUM returned +21.8%, so EWZ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EWZ or MTUM?
- EWZ charges 0.59% a year and MTUM charges 0.15%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do EWZ and MTUM overlap with the S&P 500?
- By their latest filed holdings, 0% of EWZ and 98% of MTUM by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EWZ against MTUM, data as of Sep 13, 2026. https://etfiq.com/compare/any/ewz-vs-mtum Free to use with attribution; the underlying files are at Open data.
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