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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and VWO +4.8%.

Which is cheaper, EWZ or VWO?

VWO is cheaper, by 0.53 percentage points a year. That is about $53 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do EWZ and VWO overlap with the S&P 500?

By their latest filed holdings, 0% of EWZ and 0% of VWO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EWZ vs VWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to VWO's +4.8%; 2% 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 $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.

EWZ on its own →VWO on its own →

At a glance

+13.7%

EWZ total return, 1 year

+4.8%

VWO total return, 1 year

0.59%

EWZ expense ratio

0.06%

VWO expense ratio

Pair scorecard

VWO costs 0.53 points a year less; their one-year returns differ by 8.9 points; VWO is 14.6 times larger.

EWZ vs VWO: Differences, Returns & Fees
Measure	EWZ	VWO
Return
Measure	EWZ	VWO
Total return, 1 year	+13.7%	+4.8%
Drawdown
Measure	EWZ	VWO
Below its high	25.4%, high on May 20, 2008	7.0%, high on Sep 4, 2026
Benchmark
Measure	EWZ	VWO
What it tracks	MSCI Brazil 25/50 Index	FTSE Emerging Markets All Cap China A Inclusion Index
Cost and size
Measure	EWZ	VWO
Expense ratio	0.59%	0.06%
Net assets, as of Sep 30, 2026	$8.6bn	$125.4bn
Holdings
Measure	EWZ	VWO
Holdings in common	2%
Top ten holdings, share of the fund	57.5%	29.8%

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

What they share

By the books each fund has filed, EWZ and VWO hold 2% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first EWZ VWO

PETROLEO BRASILEIRO SA PETROBRAS 8.07% 0.32%

B3 BRASIL BOLSA BALCAO SA 3.27% 0.15%

BANCO BRADESCO PREF 3.39% 0.14%

AXIA ENERGIA SA 3.08% 0.12%

WEG 3.13% 0.12%

AMBEV SA 2.99% 0.10%

EMBRAER 2.80% 0.10%

EQUATORIAL SA 1.75% 0.07%

BANCO DO BRASIL SA 1.23% 0.06%

VIBRA ENERGIA SA 1.49% 0.06%

LOCALIZA RENT A CAR 1.18% 0.06%

GERDAU PREF SA 1.39% 0.05%

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%

BCO BTG PACTUAL UNT SA 2.94%

COMPANHIA DE SANEAMENTO BASICO DE 2.56%

ITAUSA INVESTIMENTOS ITAU PREF SA 2.49%

PETRO RIO 2.40%

Only in VWO

Taiwan Semiconductor Manufacturing Co Ltd 15.76%

SLCMT1142 2.96%

Tencent Holdings Ltd 2.82%

Alibaba Group Holding Ltd 2.11%

MediaTek Inc 1.88%

MKTLIQ 0.95%

Delta Electronics Inc 0.95%

China Construction Bank Corp 0.91%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF VWO Vanguard FTSE Emerging Markets ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks the MSCI Brazil Tracks an index of Emerging markets

Total return, 1 year +13.7% +4.8%

Expense ratio 0.59% 0.06%

Already in the S&P 500 0.0% 0.0%

Holdings 59 6515

Net assets, EWZ as of Oct 28, 2026 and VWO as of Sep 30, 2026 $10.3bn $125.4bn

EWZ and VWO 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.

VWO

VWO tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6,515 positions, with the top ten at 29.8%. It sat 7.0% below its high of Sep 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWZ or VWO?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and VWO +4.8%.
Which is cheaper, EWZ or VWO?: VWO is cheaper, by 0.53 percentage points a year. That is about $53 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and VWO overlap with the S&P 500?: By their latest filed holdings, 0% of EWZ and 0% of VWO by weight is stocks the S&P 500 already holds.

Other comparisons

EWZ vs IEMG EEM vs EWZ AVEM vs EWZ EMXC vs EWZ ILF vs VWO FENI vs VWO EZU vs VWO VPL vs VWO

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

VWO filings on SEC EDGAR ↗

VWO prospectus with the expense ratio (SEC) ↗

Vanguard page for VWO ↗

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

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