BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

BRFvsEWZETF Comparison

ETF 1

BRF

VanEck Brazil Small-Cap ETF

This fund is part of

LatAm Blended Cap

+0.73%

Full BRF fund page

VS

ETF 2

EWZ

iShares MSCI Brazil ETF

This fund is part of

LatAm Blended Cap

+0.73%

Full EWZ fund page

VanEck Brazil Small-Cap ETF (BRF) and iShares MSCI Brazil ETF (EWZ) belong to the same industry segment: LatAm Blended Cap. BRF's top 3 sector exposures are Finance, Non-Energy Materials and Consumer Cyclicals. In contrast, EWZ's top sector exposures are Finance, Energy and Non-Energy Materials. BRF is more expensive with a Total Expense Ratio (TER) of 0.97%, versus 0.59% for EWZ. BRF is up 0.9% year-to-date (YTD) with - in YTD flows. EWZ performs better with 19.51% YTD performance, and +$1.01B in YTD flows. Run a side-by-side ETF comparison of BRF and EWZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

BRF vs EWZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	BRF EWZ	+8.48%+10.89%	-1.02%+10.22%	+0.90%+19.51%	+3.57%+27.47%	+7.05%+39.31%	-0.70%+67.53%
Flows	BRF EWZ	--$382M	--$1.27B	-+$1.01B	-+$1.79B	-$8M+$2.25B	-$12M+$3.04B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	BRF EWZ	+23.14%+21.65%	+27.59%+24.39%	+26.95%+23.26%	+30.42%+26.91%
Max drawdown	BRF EWZ	-12.45%-7.95%	-26.53%-19.01%	-36.58%-31.40%	-41.31%-32.10%
Max drawdown duration	BRF EWZ	54d41d	149d156d	684d680d	1388d605d

Trading data

Create an account to view trading data

Join for free

	BRF	EWZ
Last sale 9/18/2026 at 1:30 PM	$16.20	$37.50
Previous close 09/17/2026	$16.23	$37.74
Consolidated volume 09/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	BRF	EWZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	BRF	EWZ
Last price	$16.20	$37.50
1D performance	-0.18%	-0.64%
AuM	$21.99 M	$8.64 B
E/R	0.97%	0.59%

Characteristics

	BRF	EWZ
Management strategy	Passive	Passive
Provider	VanEck	iShares
Benchmark	MVIS Brazil Small-Cap Index	MSCI Brazil 25/50 Index
N° of holdings	86	43
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 12, 2009	July 10, 2000
ESG	No	No

More BRF data on Trackinsight

More EWZ data on Trackinsight

Exposure

Countries

BRF

Brazil

90.77%

Other

9.23%

EWZ

Brazil

96.76%

Other

3.24%

Sectors

BRF

Finance

25.05%

Non-Energy Materi.

13.09%

Consumer Cyclical.

12.49%

Consumer Non-Cycl.

11.65%

Utilities

9.57%

Healthcare

7.17%

Other

20.97%

EWZ

Finance

36.47%

Energy

15.27%

Non-Energy Materi.

13.62%

Utilities

13.23%

Industrials

7.02%

Other

14.39%

Diversification

BRF

Total weight of top 15 holdings out of 15

39.4%

EWZ

Total weight of top 15 holdings out of 15

69.74%

Top 15 holdings

Data as of July 31, 2026

BRF

Alupar Investimento SA

4.07%

Brava Energia SA

3.36%

Cyrela Brazil Realty SA Empreendimentos e Participações

3.21%

Companhia de Saneamento do Paraná

3.08%

Fleury SA

2.92%

Cury Construtora e Incorporadora SA

2.91%

Bradespar SA

2.34%

Sylvamo Corp.

2.29%

Cogna Educação SA

2.27%

Usinas Siderurgicas de Minas Gerais SA-Usiminas

2.25%

Marcopolo SA

2.20%

Ituran Location & Control Ltd.

2.16%

Bradsaude SA

2.12%

JHSF Participações SA

2.11%

Orizon Valorização de Resíduos SA

2.10%

EWZ

Vale SA

10.01%

Nu Holdings Ltd.

9.32%

Itaú Unibanco Holding SA

8.39%

Petróleo Brasileiro SA

6.75%

Petróleo Brasileiro SA

6.51%

Banco Bradesco SA

3.68%

B3 SA-Brasil, Bolsa, Balcão

3.27%

AXIA Energia SA

3.25%

WEG SA

3.12%

Ambev SA

3.02%

Banco BTG Pactual SA

2.72%

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP

2.71%

Itausa SA

2.54%

Embraer SA

2.44%

PRIO SA

2.01%

Frequently asked questions about BRF and EWZ

How have the BRF and EWZ ETFs performed in 2026?

As of September 17, 2026, BRF is up 0.9% year-to-date (YTD), while EWZ has returned 19.51%. That puts EWZ better performer ahead so far this year.

Which ETF is attracting more investor money: BRF or EWZ?

Year-to-date, the BRF ETF saw - in flows, compared to +$1.01B for EWZ.

Which ETF is more volatile: BRF or EWZ?

Over the past year, BRF had a volatility of 27.59%, while EWZ experienced 24.39%.

Which ETF is bigger: BRF or EWZ?

As of September 17, 2026, BRF holds $21.99 M in assets under management (AUM), while EWZ manages $8.64 B.

What sectors do the BRF and EWZ ETFs invest in?

BRF leans toward sectors like Finance, Non-Energy Materials and Consumer Cyclicals. Meanwhile, EWZ focuses on Finance, Energy and Non-Energy Materials.

What are the top holdings of the BRF ETF and EWZ ETF?

BRF top holdings include Alupar Investimento SA, Brava Energia SA and Cyrela Brazil Realty SA Empreendimentos e Participações. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.

Which ETF is more diversified: BRF or EWZ?

BRF holds 86 securities with 39.4% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.74%.

MoneyShow Chart of the Day 7/7/2025: Will Trump Threat Break the BRICS?

July 7, 2025

EWZ

Tony's ETF Buyer's Guide: Latin America ETFs

June 18, 2024

BRF

EWZ

BRFvsEWZETF Comparison

VanEck Brazil Small-Cap ETF

iShares MSCI Brazil ETF

BRF vs EWZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the BRF and EWZ ETFs performed in 2026?

As of September 17, 2026, BRF is up 0.9% year-to-date (YTD), while EWZ has returned 19.51%. That puts EWZ better performer ahead so far this year.

Which ETF is attracting more investor money: BRF or EWZ?

Year-to-date, the BRF ETF saw - in flows, compared to +$1.01B for EWZ.

Which ETF is more volatile: BRF or EWZ?

Over the past year, BRF had a volatility of 27.59%, while EWZ experienced 24.39%.

Which ETF is bigger: BRF or EWZ?

As of September 17, 2026, BRF holds $21.99 M in assets under management (AUM), while EWZ manages $8.64 B.

What sectors do the BRF and EWZ ETFs invest in?

BRF leans toward sectors like Finance, Non-Energy Materials and Consumer Cyclicals. Meanwhile, EWZ focuses on Finance, Energy and Non-Energy Materials.

What are the top holdings of the BRF ETF and EWZ ETF?

BRF top holdings include Alupar Investimento SA, Brava Energia SA and Cyrela Brazil Realty SA Empreendimentos e Participações. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.

Which ETF is more diversified: BRF or EWZ?

BRF holds 86 securities with 39.4% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.74%.

MoneyShow Chart of the Day 7/7/2025: Will Trump Threat Break the BRICS?

Tony's ETF Buyer's Guide: Latin America ETFs

Expert-Built ETF Portfolios, All in One Place