Which returned more over the last year, EWZ or SLV?

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and SLV +14.9%.

Which is cheaper, EWZ or SLV?

SLV is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

EWZ vs SLV: Differences, Returns & Fees

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EWZ is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +13.7%.

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Net assets on Oct 28, 2026: $10.3bn for iShares MSCI Brazil ETF and $26.9bn for iShares Silver Trust.

EWZ on its own →SLV on its own →

At a glance

+13.7%

EWZ total return, 1 year

+14.9%

SLV total return, 1 year

0.59%

EWZ expense ratio

0.50%

SLV expense ratio

Pair scorecard

SLV costs 0.09 points a year less; their one-year returns differ by 1.2 points; SLV is 2.6 times larger.

EWZ vs SLV: Differences, Returns & Fees
Measure	EWZ	SLV
Return
Measure	EWZ	SLV
Total return, 1 year	+13.7%	+14.9%
Drawdown
Measure	EWZ	SLV
Below its high	25.4%, high on May 20, 2008	53.5%, high on Jan 28, 2026
Benchmark
Measure	EWZ	SLV
What it tracks	MSCI Brazil 25/50 Index	Silver
Cost and size
Measure	EWZ	SLV
Expense ratio	0.59%	0.50%
Net assets	$10.3bn	$26.9bn
Holdings
Measure	EWZ	SLV
Holdings in common	not published
In the S&P 500, by weight	0%
Holdings dated	Oct 27, 2026
Top ten holdings, share of the fund	57.5%

Method

Side by side

EWZ iShares MSCI Brazil ETF SLV iShares Silver Trust

Where it sits Stock ETF Commodity ETF

Issuer iShares iShares

What it is Tracks the MSCI Brazil Holds silver

Total return, 1 year +13.7% +14.9%

Its benchmark over the same days not measured +15.0% (SIVR)

Gap to its benchmark not measured −0.1 pts vs SIVR

Expense ratio 0.59% 0.50%

Holdings 59 not counted

Net assets $10.3bn $26.9bn

EWZ and SLV 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.

SLV

Its expense ratio is 0.50% a year, for the three months to Jun 30, 2026, as its 10-Q states.

SLV holds silver. Over the year to Oct 28, 2026 it returned +14.9% with distributions reinvested, against +15.0% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or SLV?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and SLV +14.9%.
Which is cheaper, EWZ or SLV?: SLV is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

EWZ vs GLDM EWZ vs IAU EWZ vs GLD EWZ vs SIVR ILF vs SLV FENI vs SLV EZU vs SLV SLV vs VPL

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

iShares page for SLV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, EWZ against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-slv

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