Data as of Oct 28, 2026.

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EWZ vs QUAL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to QUAL's +13.1%; 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 $48.2bn for iShares MSCI USA Quality Factor ETF.

At a glance
+13.7%
EWZ total return, 1 year
+13.1%
QUAL total return, 1 year
0.59%
EWZ expense ratio
0.15%
QUAL expense ratio

Pair scorecard

QUAL costs 0.44 points a year less; their one-year returns differ by 0.6 points; QUAL is 4.7 times larger.

EWZ vs QUAL: Differences, Returns & Fees
MeasureEWZQUAL
Return
Total return, 1 year+13.7%+13.1%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksMSCI Brazil 25/50 IndexMSCI USA Sector Neutral Quality Index
Cost and size
Expense ratio0.59%0.15%
Net assets$10.3bn$48.2bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund57.5%44.5%

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

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWZ QUAL
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 QUAL
MICROSOFT 8.09%
APPLE 7.38%
NVIDIA 6.28%
META PLATFORMS CLASS A 4.06%
ELI LILLY 4.04%
TJX 3.50%
VISA CLASS A 3.44%
LAM RESEARCH 2.84%
Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF QUAL iShares MSCI USA Quality Factor ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Brazil Tracks the MSCI USA Quality Factor
Total return, 1 year +13.7% +13.1%
Its benchmark over the same days not measured +13.6% (MLRG)
Gap to its benchmark not measured −0.5 pts vs MLRG
Expense ratio 0.59% 0.15%
Already in the S&P 500 0.0% 97.2%
Holdings 59 119
Net assets $10.3bn $48.2bn

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

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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.

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% 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, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

Questions people ask

Which returned more over the last year, EWZ or QUAL?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and QUAL +13.1%.
Which is cheaper, EWZ or QUAL?
QUAL 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 QUAL overlap with the S&P 500?
By their latest filed holdings, 0% of EWZ and 97% of QUAL by weight is stocks the S&P 500 already holds.
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ETFIQ, EWZ against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-qual

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