Data as of Oct 28, 2026.

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EWZ vs SHV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to SHV's +3.6%; 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 $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF.

At a glance
+13.7%
EWZ total return, 1 year
+3.6%
SHV total return, 1 year
0.59%
EWZ expense ratio
0.15%
SHV expense ratio

Pair scorecard

SHV costs 0.44 points a year less; their one-year returns differ by 10.1 points; SHV is 2.0 times larger.

EWZ vs SHV: Differences, Returns & Fees
MeasureEWZSHV
Return
Total return, 1 year+13.7%+3.6%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksMSCI Brazil 25/50 IndexICE Short US Treasury Securities Index
Cost and size
Expense ratio0.59%0.15%
Net assets, as of Oct 26, 2026$11.3bn$22.2bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund57.5%

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

What they share

0%

By the books each fund has filed, EWZ and SHV 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 SHV
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 SHV
TREASURY BILL 4.98%
TREASURY BILL 4.17%
TREASURY BILL 3.90%
TREASURY BILL 3.72%
TREASURY BILL 3.58%
TREASURY BILL 3.48%
TREASURY BILL 3.35%
TREASURY BILL 3.31%
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Side by side

EWZ iShares MSCI Brazil ETF SHV iShares 0-1 Year Treasury Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the MSCI Brazil Tracks an index of 0-1 Year Treasury Bond
Total return, 1 year +13.7% +3.6%
Expense ratio 0.59% 0.15%
Holdings 59 66
Net assets, EWZ as of Oct 28, 2026 and SHV as of Oct 27, 2026 $10.3bn $21.7bn

EWZ and SHV 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.

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, EWZ or SHV?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and SHV +3.6%.
Which is cheaper, EWZ or SHV?
SHV 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.
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ETFIQ, EWZ against SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-shv

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