iShares MSCI Brazil ETF

iShares MSCI Brazil ETF

About

iShares MSCI Brazil ETF (US4642864007) is a US-listed equity ETF tracking the MSCI Brazil 25/50 Index (Net). With a expense ratio of 0.59%, its costs are on the higher end for an ETF, paying distributions. The fund holds 53 positions across 2 regions with 9.0B in assets, with heavy concentration — 86% in Brazil, 36% in Financials.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jun 22, 2026
Component Score Details
Cost (30%) 7.4 Tracking Difference: 10.0 · TD Consistency: — · Expense Ratio: 1.4
Liquidity (25%) 10.0 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker EWZ
ISIN
Fund Size $9.0B
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Jul 2000
Base Currency USD
Index MSCI Brazil 25/50 Index (Net)
Asset Class Equities
Category Other Country Equity

Costs

7.4
This fund has moderate costs compared to similar ETFs.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.59%

Cumulative Returns

Performance across different time periods.
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month —
3 Months —
6 Months —
1 Year +39.53%
3 Years +14.80%
5 Years +6.54%
10 Years +8.93%
YTD +12.76%
Since Inception +6.15%

Holdings

This fund invests into 53 individual investments.
#1
Vale SA
11.29%
#2
NU Holdings Ltd/Cayman Islands
8.80%
#3
Itau Unibanco Holding SA
8.31%
#4
Petroleo Brasileiro SA
6.50%
#5
Petroleo Brasileiro SA
6.17%
#6
Banco Bradesco SA
3.71%
#7
Axia Energia
3.36%
#8
Ambev SA
3.22%
#9
B3 SA - Brasil Bolsa Balcao
3.20%
#10
WEG SA
3.20%
View all holdings (50)
# Holding Ticker Weight
1 Vale SA VALE3 1128.72%
2 NU Holdings Ltd/Cayman Islands NU 879.79%
3 Itau Unibanco Holding SA ITUB4 831.47%
4 Petroleo Brasileiro SA PETR4 649.56%
5 Petroleo Brasileiro SA PETR3 617.42%
6 Banco Bradesco SA BBDC4 370.91%
7 Axia Energia AXIA3 335.79%
8 Ambev SA ABEV3 322.21%
9 B3 SA - Brasil Bolsa Balcao B3SA3 319.94%
10 WEG SA WEGE3 319.86%
11 Cia de Saneamento Basico do Estado de Sao Paulo SABESP SBSP3 282.76%
12 Banco BTG Pactual SA BPAC11 258.64%
13 Itausa SA ITSA4 249.75%
14 Embraer SA EMBJ3 238.38%
15 PRIO SA/Brazil PRIO3 203.41%
16 Equatorial SA EQTL3 191.62%
17 Localiza Rent a Car SA RENT3 161.12%
18 Banco do Brasil SA BBAS3 144.10%
19 Vibra Energia SA VBBR3 139.21%
20 Suzano SA SUZB3 132.43%
21 Gerdau SA GGBR4 127.26%
22 XP Inc XP 125.74%
23 BB Seguridade Participacoes SA BBSE3 120.89%
24 Rede D'Or Sao Luiz SA RDOR3 118.57%
25 Telefonica Brasil SA VIVT3 117.73%
26 Cia Paranaense de Energia - Copel CPLE3 111.83%
27 BRL CASH BRL 110.25%
28 JBS NV JBS 101.37%
29 Raia Drogasil SA RADL3 95.51%
30 Eneva SA ENEV3 88.06%
31 Banco Bradesco SA BBDC3 87.48%
32 Ultrapar Participacoes SA UGPA3 86.88%
33 Cia Energetica de Minas Gerais CMIG4 85.46%
34 Axia Energia AXIA7 83.88%
35 TIM SA/Brazil TIMS3 82.77%
36 Rumo SA RAIL3 72.32%
37 Energisa S/A ENGI11 67.05%
38 Motiva Infraestrutura de Mobilidade SA MOTV3 66.19%
39 Klabin SA KLBN11 65.69%
40 Caixa Seguridade Participacoes S/A CXSE3 58.98%
41 CPFL Energia SA CPFE3 51.82%
42 Engie Brasil Energia SA EGIE3 50.17%
43 Porto Seguro SA PSSA3 41.40%
44 Aura Minerals Inc AUGO 40.49%
45 StoneCo Ltd STNE 37.83%
46 Itau Unibanco Holding SA ITUB3 34.48%
47 MBRF Global Foods Co SA MBRF3 31.75%
48 CASH COLLATERAL USD JPFFT JPFFT 29.55%
49 ETD BRL BALANCE WITH R73215 ETD_BRL 27.88%
50 BLK CSH FND TREASURY SL AGENCY XTSLA 5.49%

Sectors

Allocation by industry sector.
 
Sector Weight
Financials 3561.00%
Materials 1495.00%
Energy 1470.00%
Utilities 1348.00%
Industrials 858.00%
Consumer Staples 551.00%
Consumer Discretionary 226.00%
Communication Services 200.00%
Unknown 172.00%
Health Care 119.00%

Regions

Geographic allocation by country of risk.
 
Country Weight
Brazil 8644.00%
United States 1185.00%
UNKNOWN 171.00%

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