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Data as of Oct 28, 2026.

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EWZ vs XLG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWZ returned +13.7% to XLG's +6.4%; 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 $11.9bn on Oct 27, 2026 for Invesco S&P 500 Top 50 ETF.

EWZ on its own →XLG on its own →
At a glance
+13.7%
EWZ total return, 1 year
+6.4%
XLG total return, 1 year
0.59%
EWZ expense ratio
0.20%
XLG expense ratio

Pair scorecard

XLG costs 0.39 points a year less; their one-year returns differ by 7.3 points.

EWZ vs XLG: Differences, Returns & Fees
MeasureEWZXLG
Return
Total return, 1 year+13.7%+6.4%
Drawdown
Below its high25.4%, high on May 20, 2008
Benchmark
What it tracksMSCI Brazil 25/50 IndexS&P 500 Top 50 Index
Cost and size
Expense ratio0.59%0.20%
Net assets, as of Oct 26, 2026$11.3bn$11.7bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund57.5%60.3%

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

What they share

0%

By the books each fund has filed, EWZ and XLG 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 XLG
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 XLG
NVIDIA Corp 12.54%
Apple Inc 12.04%
Microsoft Corp 9.38%
Amazon.com Inc 5.91%
Alphabet Inc 4.47%
Broadcom Inc 3.87%
Alphabet Inc 3.58%
Meta Platforms Inc 3.25%
Check overlap with more funds →

Side by side

EWZ iShares MSCI Brazil ETF XLG Invesco S&P 500 Top 50 ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Invesco
What it is Tracks the MSCI Brazil Tracks the S&P 500 top 50
Total return, 1 year +13.7% +6.4%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured −7.3 pts vs IVV
Expense ratio 0.59% 0.20%
Already in the S&P 500 0.0% 98.4%
Holdings 59 53
Net assets, EWZ as of Oct 28, 2026 and XLG as of Oct 27, 2026 $10.3bn $11.9bn

EWZ and XLG 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.

XLG

XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.

Questions people ask

Which returned more over the last year, EWZ or XLG?
In the year to Oct 28, 2026, with distributions reinvested, EWZ returned +13.7% and XLG +6.4%.
Which is cheaper, EWZ or XLG?
XLG is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWZ and XLG overlap with the S&P 500?
By their latest filed holdings, 0% of EWZ and 98% of XLG by weight is stocks the S&P 500 already holds.
Other comparisons
AVUS vs EWZDGRW vs EWZEWZ vs MTUMEWZ vs SPHQILF vs XLGFENI vs XLGEZU vs XLGVPL vs XLG
Where to next
EWZ on its own →XLG on its own →Hold both: look the portfolio through →Rankings →EWZ dividend history →EWZ holdings →XLG dividend history →XLG holdings →Standards and sources →
Sources and dates
EWZ filings on SEC EDGAR ↗
EWZ prospectus with the expense ratio (SEC) ↗
iShares page for EWZ ↗
XLG filings on SEC EDGAR ↗
XLG prospectus with the expense ratio (SEC) ↗
Invesco page for XLG ↗

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

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