Data as of Oct 28, 2026.

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EWZ vs VHT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to VHT's +25.0%; 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 $19.1bn on Sep 30, 2026 for Vanguard Health Care ETF.

At a glance
+13.7%
EWZ total return, 1 year
+25.0%
VHT total return, 1 year
0.59%
EWZ expense ratio
0.09%
VHT expense ratio

Pair scorecard

VHT costs 0.50 points a year less; their one-year returns differ by 11.3 points; VHT is 2.2 times larger.

EWZ vs VHT: Differences, Returns & Fees
MeasureEWZVHT
Return
Total return, 1 year+13.7%+25.0%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksMSCI Brazil 25/50 IndexMSCI US Investable Market Index (IMI)/Health Care 25/50
Cost and size
Expense ratio0.59%0.09%
Net assets, as of Sep 30, 2026$8.6bn$19.1bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund57.5%51.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returns
EWZ VHT
Return
Total return edge VHT +528.3% +797.6%
Annualized edge VHT +8.4% +10.1%
Price return edge VHT +162.1% +552.3%
Risk
Volatility edge VHT 33.6% 16.4%
Max drawdown edge VHT −76.1% −38.1%
Risk-adjusted
Sharpe edge VHT 0.36 0.56
Sortino edge VHT 0.52 0.79
Calmar edge VHT 0.11 0.27
Reading

VHT returned more: +797.6% to +528.3%. VHT swung less: 16.4% to 33.6%. VHT fell less at its worst: −38.1% to −76.1%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EWZ vs VHT: Differences, Returns & Fees
MeasureEWZVHTEdgeHow it is measured
Return
Total return+528.3%+797.6%VHTPrice change plus distributions, reinvested.
Annualized+8.4%+10.1%VHTTotal return as a yearly rate.
Price return+162.1%+552.3%VHTPrice change alone, distributions left out.
Risk
Volatility33.6%16.4%VHTSpread of weekly returns, annualized. Lower is steadier.
Downside deviation23.1%11.6%VHTLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−76.1%−38.1%VHTDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.360.56VHTReturn above Treasury bills per unit of volatility.
Sortino0.520.79VHTReturn above Treasury bills per unit of downside deviation.
Calmar0.110.27VHTAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWZ and VHT hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWZ VHT
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 VHT
Eli Lilly & Co 12.95%
Johnson & Johnson 8.79%
AbbVie Inc 6.46%
Merck & Co Inc 5.02%
UnitedHealth Group Inc 4.66%
Thermo Fisher Scientific Inc 3.51%
Amgen Inc 3.18%
Gilead Sciences Inc 2.59%
Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF VHT Vanguard Health Care ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Brazil Tracks an index of Health Care
Total return, 1 year +13.7% +25.0%
Its benchmark over the same days not measured +25.4% (FHLC)
Gap to its benchmark not measured −0.4 pts vs FHLC
Expense ratio 0.59% 0.09%
Already in the S&P 500 0.0% 85.5%
Holdings 59 414
Net assets, EWZ as of Oct 28, 2026 and VHT as of Sep 30, 2026 $10.3bn $19.1bn

EWZ and VHT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-50188D90E4

EWZ and VHT do different jobs. What does each one do in a portfolio?

  1. What each follows. EWZ follows MSCI Brazil 25/50 Index and VHT follows MSCI US Investable Market Index (IMI)/Health Care 25/50.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EWZ returned +13.7% and VHT +25.0% with distributions reinvested, a gap of 11.3 points.

Data as of Oct 28, 2026.

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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.

VHT

VHT tracks an index of Health Care. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +25.4% for its benchmark, the MSCI US Investable Market Index (IMI)/Health Care 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 414 positions, with the top ten at 51.8%.

Questions people ask

Which returned more over the last year, EWZ or VHT?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and VHT +25.0%.
Which is cheaper, EWZ or VHT?
VHT is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and VHT overlap with the S&P 500?
By their latest filed holdings, 0% of EWZ and 86% of VHT by weight is stocks the S&P 500 already holds.
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ETFIQ, EWZ against VHT, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-vht

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