Data as of Oct 28, 2026.

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EWZ vs TIP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to TIP's −1.0%; 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 $14.6bn on Oct 27, 2026 for iShares TIPS Bond ETF.

At a glance
+13.7%
EWZ total return, 1 year
−1.0%
TIP total return, 1 year
0.59%
EWZ expense ratio
0.18%
TIP expense ratio

Pair scorecard

TIP costs 0.41 points a year less; their one-year returns differ by 14.7 points; TIP is 1.3 times larger.

EWZ vs TIP: Differences, Returns & Fees
MeasureEWZTIP
Return
Total return, 1 year+13.7%−1.0%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksMSCI Brazil 25/50 IndexICE U.S. Treasury Inflation Linked Bond Index
Cost and size
Expense ratio0.59%0.18%
Net assets, as of Oct 26, 2026$11.3bn$14.6bn
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 TIP 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 TIP
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 TIP
TREASURY (CPI) NOTE 4.07%
TREASURY (CPI) NOTE 4.00%
TREASURY (CPI) NOTE 3.99%
TREASURY (CPI) NOTE 3.75%
TREASURY (CPI) NOTE 3.44%
TREASURY (CPI) NOTE 3.38%
TREASURY (CPI) NOTE 3.38%
TREASURY (CPI) NOTE 3.27%
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Side by side

EWZ iShares MSCI Brazil ETF TIP iShares TIPS Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the MSCI Brazil Tracks an index of TIPS Bond
Total return, 1 year +13.7% −1.0%
Its benchmark over the same days not measured −0.8% (VTP)
Gap to its benchmark not measured −0.2 pts vs VTP
Expense ratio 0.59% 0.18%
Holdings 59 48
Net assets, EWZ as of Oct 28, 2026 and TIP as of Oct 27, 2026 $10.3bn $14.6bn

EWZ and TIP 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.

TIP

TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, EWZ or TIP?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and TIP −1.0%.
Which is cheaper, EWZ or TIP?
TIP is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EWZ against TIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-tip

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