Data as of Oct 28, 2026.
EWZ vs VNQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWZ returned +13.7% to VNQ's +4.8%; 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 $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF.
Pair scorecard
VNQ costs 0.46 points a year less; their one-year returns differ by 8.9 points; VNQ is 4.2 times larger.
| Measure | EWZ | VNQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +4.8% |
| Drawdown | ||
| Below its high | 25.4%, high on May 20, 2008 | 8.3%, high on Jul 28, 2026 |
| Benchmark | ||
| What it tracks | MSCI Brazil 25/50 Index | MSCI US Investable Market Real Estate 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.13% |
| Net assets, as of Sep 30, 2026 | $8.6bn | $35.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 57.5% | 55.8% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 8, 2004 to Oct 23, 2026 · 1,150 weekly returnsEWZ returned more: +426.3% to +364.5%. VNQ swung less: 25.0% to 33.6%. VNQ fell slightly less at its worst: −72.5% to −76.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWZ | VNQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +426.3% | +364.5% | EWZ | Price change plus distributions, reinvested. |
| Annualized | +7.8% | +7.2% | EWZ (slight) | Total return as a yearly rate. |
| Price return | +119.5% | +80.5% | EWZ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 33.6% | 25.0% | VNQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 23.1% | 17.3% | VNQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −76.1% | −72.5% | VNQ (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.34 | 0.33 | EWZ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.49 | 0.48 | EWZ (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.10 | 0.10 | EWZ (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,150 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWZ and VNQ hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWZ and VNQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWZ and VNQ do different jobs. What does each one do in a portfolio?
- What each follows. EWZ follows MSCI Brazil 25/50 Index and VNQ follows MSCI US Investable Market Real Estate 25/50 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EWZ returned +13.7% and VNQ +4.8% with distributions reinvested, a gap of 8.9 points.
Data as of Oct 28, 2026.
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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.
VNQ
VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWZ or VNQ?
- In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and VNQ +4.8%.
- Which is cheaper, EWZ or VNQ?
- VNQ is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, EWZ against VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewz-vs-vnq
ETFIQ. (Oct 28, 2026). EWZ against VNQ. Retrieved from https://etfiq.com/compare/any/ewz-vs-vnq
[EWZ against VNQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewz-vs-vnq)
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