Get the weekly note

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

EWZ vs SGOV: how they differ

EWZ and SGOV hold 0% of their weight in the same names, and EWZ returned more over the year.

iShares MSCI Brazil ETF and iShares 0-3 Month Treasury Bond ETF.

What they hold in common

By the books each fund has filed, EWZ and SGOV hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in EWZOnly in SGOV
CIA VALE DO RIO DOCE SH 9.71%TREASURY BILL 0.94%
NU HOLDINGS CLASS A 9.13%BLK CSH FND TREASURY SL AGENCY 0.51%
ITAU UNIBANCO HOLDING PREF SA 7.83%
PETROLEO BRASILEIRO PREF SA 7.30%
PETROLEO BRASILEIRO SA PETROBRAS 6.86%
BANCO BRADESCO PREF 3.70%
B3 BRASIL BOLSA BALCAO SA 3.48%
WEG 3.28%

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 and SGOV on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
EWZ
iShares MSCI Brazil ETF
SGOV
iShares 0-3 Month Treasury Bond ETF
Where it sitsCore index fundCore index fund
IssueriSharesiShares
What it isMSCI Brazil0-3 month T-bills
Total return, 1 year+32.9%+3.8%
S&P 500 over the same days+17.5%+17.5%
Gap to the S&P 500+15.4 pts−13.7 pts
Expense ratio0.59%0.09%
Holdings5023

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.

SGOV in plain words

SGOV is a cash and treasury bills tracking the 0-3 month T-bills. Over the year to Sep 11, 2026 it returned +3.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, EWZ or SGOV?
In the year to Sep 13, 2026, with distributions reinvested, EWZ returned +32.9% and SGOV returned +3.8%, so EWZ returned more. One year is one year; the longer windows are in the table.
Which is cheaper, EWZ or SGOV?
EWZ charges 0.59% a year and SGOV charges 0.09%, so SGOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where to next

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.

EWZ against SGOV, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, EWZ against SGOV, data as of Sep 13, 2026. https://etfiq.com/compare/any/ewz-vs-sgov Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources