Data as of Oct 28, 2026.
EWZ vs QQQM: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWZ returned +13.7% to QQQM's +15.2%; 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 $110.4bn on Oct 27, 2026 for Invesco NASDAQ 100 ETF.
Pair scorecard
QQQM costs 0.44 points a year less; their one-year returns differ by 1.5 points; QQQM is 9.6 times larger.
| Measure | EWZ | QQQM |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +15.2% |
| Drawdown | ||
| Below its high | 25.4%, high on May 20, 2008 | 4.5%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | MSCI Brazil 25/50 Index | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.15% |
| Net assets, as of Oct 26, 2026 | $11.3bn | $108.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 57.5% | 46.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2020 to Oct 23, 2026 · 313 weekly returnsQQQM returned more: +157.2% to +118.8%. QQQM swung less: 21.0% to 28.0%. EWZ fell less at its worst: −30.7% to −35.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWZ | QQQM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +118.8% | +157.2% | QQQM | Price change plus distributions, reinvested. |
| Annualized | +13.9% | +17.0% | QQQM | Total return as a yearly rate. |
| Price return | +44.4% | +147.9% | QQQM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 28.0% | 21.0% | QQQM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 18.1% | 13.6% | QQQM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.7% | −35.0% | EWZ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.49 | 0.70 | QQQM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.75 | 1.07 | QQQM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.45 | 0.49 | QQQM (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 313 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWZ and QQQM hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWZ and QQQM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWZ and QQQM do different jobs. What does each one do in a portfolio?
- What each follows. EWZ follows MSCI Brazil 25/50 Index and QQQM follows Nasdaq-100 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. EWZ charges 0.59% of assets a year and QQQM 0.15%, a gap of 0.44 points.
Data as of Oct 28, 2026.
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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.
QQQM
QQQM tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWZ or QQQM?
- In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and QQQM +15.2%.
- Which is cheaper, EWZ or QQQM?
- QQQM 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.
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.
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ETFIQ, EWZ against QQQM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-qqqm
ETFIQ. (Oct 28, 2026). EWZ against QQQM. Retrieved from https://etfiq.com/compare/any/ewz-vs-qqqm
[EWZ against QQQM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewz-vs-qqqm)
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