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.

Data as of Oct 28, 2026.

Across categories

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.

EWZ on its own →SHV on its own →

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
Measure	EWZ	SHV
Return
Measure	EWZ	SHV
Total return, 1 year	+13.7%	+3.6%
Drawdown
Measure	EWZ	SHV
Below its high	25.4%, high on May 20, 2008
Benchmark
Measure	EWZ	SHV
What it tracks	MSCI Brazil 25/50 Index	ICE Short US Treasury Securities Index
Cost and size
Measure	EWZ	SHV
Expense ratio	0.59%	0.15%
Net assets, as of Oct 26, 2026	$11.3bn	$22.2bn
Holdings
Measure	EWZ	SHV
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	57.5%

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

What they share

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.

50%

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%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF SHV iShares 0-1 Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

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.

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.

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.

Other comparisons

EWZ vs SGOV EWZ vs PULS EWZ vs USFR EWZ vs MINT ILF vs SHV FENI vs SHV EZU vs SHV SHV vs VPL

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

SHV filings on SEC EDGAR ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

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

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