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

In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and XLB +18.5%.

Which is cheaper, EWZ or XLB?

XLB is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 0% of EWZ and 100% of XLB by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EWZ vs XLB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to XLB's +18.5%; 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 $8.1bn on Oct 27, 2026 for State Street Materials Select Sector SPDR ETF.

EWZ on its own →XLB on its own →

At a glance

+13.7%

EWZ total return, 1 year

+18.5%

XLB total return, 1 year

0.59%

EWZ expense ratio

0.08%

XLB expense ratio

Pair scorecard

XLB costs 0.51 points a year less; their one-year returns differ by 4.8 points; EWZ is 1.4 times larger.

EWZ vs XLB: Differences, Returns & Fees
Measure	EWZ	XLB
Return
Measure	EWZ	XLB
Total return, 1 year	+13.7%	+18.5%
Drawdown
Measure	EWZ	XLB
Below its high	25.4%, high on May 20, 2008
Benchmark
Measure	EWZ	XLB
What it tracks	MSCI Brazil 25/50 Index	Materials Select Sector Index
Cost and size
Measure	EWZ	XLB
Expense ratio	0.59%	0.08%
Net assets, as of Oct 26, 2026	$11.3bn	$8.0bn
Holdings
Measure	EWZ	XLB
Holdings in common	0%
Top ten holdings, share of the fund	57.5%	58.5%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWZ XLB

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 XLB

LINDE PLC 12.96%

NEWMONT CORP 6.56%

FREEPORT MCMORAN INC 5.23%

ECOLAB INC 4.98%

VULCAN MATERIALS CO 4.89%

NUCOR CORP 4.89%

AIR PRODUCTS + CHEMICALS INC 4.84%

STEEL DYNAMICS INC 4.77%

Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF XLB State Street Materials Select Sector SPDR ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks the MSCI Brazil Tracks an index of Materials

Total return, 1 year +13.7% +18.5%

Expense ratio 0.59% 0.08%

Already in the S&P 500 0.0% 99.8%

Holdings 59 25

Net assets, EWZ as of Oct 28, 2026 and XLB as of Oct 27, 2026 $10.3bn $8.1bn

EWZ and XLB 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.

XLB

XLB tracks an index of Materials. Over the year to Oct 28, 2026 it returned +18.5% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 25 positions, with the top ten at 58.5%.

Questions people ask

Which returned more over the last year, EWZ or XLB?: In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and XLB +18.5%.
Which is cheaper, EWZ or XLB?: XLB is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and XLB overlap with the S&P 500?: By their latest filed holdings, 0% of EWZ and 100% of XLB by weight is stocks the S&P 500 already holds.

Other comparisons

EWZ vs XHB EWZ vs XLV EWZ vs XLF EWZ vs VPU ILF vs XLB IEFA vs XLB VEA vs XLB FENI vs XLB

Where to next

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

Sources and dates

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

XLB filings on SEC EDGAR ↗

XLB prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

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