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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and MTUM +18.4%.

Which is cheaper, EWZ or MTUM?

MTUM is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. 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 93% of MTUM by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EWZ vs MTUM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to MTUM's +18.4%; 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 $18.7bn on Oct 27, 2026 for iShares MSCI USA Momentum Factor ETF.

EWZ on its own →MTUM on its own →

At a glance

+13.7%

EWZ total return, 1 year

+18.4%

MTUM total return, 1 year

0.59%

EWZ expense ratio

0.15%

MTUM expense ratio

Pair scorecard

MTUM costs 0.44 points a year less; their one-year returns differ by 4.7 points; MTUM is 1.6 times larger.

EWZ vs MTUM: Differences, Returns & Fees
Measure	EWZ	MTUM
Return
Measure	EWZ	MTUM
Total return, 1 year	+13.7%	+18.4%
Drawdown
Measure	EWZ	MTUM
Below its high	25.4%, high on May 20, 2008	11.9%, high on Jun 22, 2026
Benchmark
Measure	EWZ	MTUM
What it tracks	MSCI Brazil 25/50 Index	MSCI USA Momentum SR Variant Index
Cost and size
Measure	EWZ	MTUM
Expense ratio	0.59%	0.15%
Net assets, as of Oct 26, 2026	$11.3bn	$18.4bn
Holdings
Measure	EWZ	MTUM
Holdings in common	0%
Top ten holdings, share of the fund	57.5%	35.5%

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

What they share

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

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 MTUM

ADVANCED MICRO DEVICES 6.06%

MICRON TECHNOLOGY 5.00%

INTEL CORPORATION 3.92%

CISCO SYSTEMS INC 3.64%

JOHNSON & JOHNSON 3.45%

EXXONMOBIL HOLDINGS CORP 2.96%

PALO ALTO NETWORKS 2.88%

ALPHABET CLASS A 2.62%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF MTUM iShares MSCI USA Momentum Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI Brazil Tracks the MSCI USA Momentum Factor

Total return, 1 year +13.7% +18.4%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured +4.8 pts vs MLRG

Expense ratio 0.59% 0.15%

Already in the S&P 500 0.0% 93.2%

Holdings 59 126

Net assets, EWZ as of Oct 28, 2026 and MTUM as of Oct 27, 2026 $10.3bn $18.7bn

EWZ and MTUM 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.

MTUM

MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 35.5%. It sat 11.9% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or MTUM?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and MTUM +18.4%.
Which is cheaper, EWZ or MTUM?: MTUM is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. 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 93% of MTUM by weight is stocks the S&P 500 already holds.

Other comparisons

EWZ vs SPHQ EWZ vs SPMO EWZ vs USMV EWZ vs RDVY ILF vs MTUM FENI vs MTUM EZU vs MTUM MTUM vs VPL

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

MTUM filings on SEC EDGAR ↗

MTUM prospectus with the expense ratio (SEC) ↗

iShares page for MTUM ↗

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

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