BRFvsEWZSETF Comparison
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VanEck Brazil Small-Cap ETF (BRF) and iShares MSCI Brazil Small-Cap ETF (EWZS) belong to the same industry segment: LatAm Blended Cap. BRF's top 3 sector exposures are Finance, Non-Energy Materials and Consumer Non-Cyclicals. In contrast, EWZS's top sector exposures are Finance, Utilities and Consumer Non-Cyclicals. BRF is more expensive with a Total Expense Ratio (TER) of 0.97%, versus 0.59% for EWZS. BRF is down -19.29% year-to-date (YTD) with - in YTD flows. EWZS performs better with -18.16% YTD performance, and +$294M in YTD flows. Run a side-by-side ETF comparison of BRF and EWZS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BRF vs EWZS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BRF EWZS | -20.38%-20.56% | -20.07%-20.37% | -19.29%-18.16% | -15.34%-19.56% | +2.21%-3.43% | -3.53%-8.18% |
| Flows | BRF EWZS | -+$208M | -+$216M | -+$294M | -+$276M | -$5M+$259M | -$10M+$401M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BRF EWZS | +72.28%+73.61% | +44.62%+46.39% | +33.28%+35.00% | +33.72%+35.40% |
| Max drawdown | BRF EWZS | -37.99%-37.85% | -37.99%-37.85% | -37.99%-37.85% | -41.31%-42.71% |
| Max drawdown duration | BRF EWZS | 19d19d | 19d19d | 19d19d | 1388d1394d |
Trading data
BRF | EWZS | |
Last sale 11/2/2026 at 2:30 PM | $12.95 | $10.48 |
| Previous close 10/30/2026 | $12.96 | $10.54 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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BRF | EWZS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
BRF | EWZS | |
|---|---|---|
| Last price | $12.95 | $10.48 |
| 1D performance | -0.08% | -0.57% |
| AuM | $17.59 M | $320.02 M |
| E/R | 0.97% | 0.59% |
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Exposure
Countries
BRF
Brazil
89.64%
Other
10.36%
EWZS
Brazil
96.47%
Other
3.53%
Sectors
BRF
Finance
28.87%
Non-Energy Materi.
15.41%
Consumer Non-Cycl.
11%
Consumer Cyclical.
10.55%
Utilities
8.59%
Other
25.59%
EWZS
Finance
28.23%
Utilities
14.79%
Consumer Non-Cycl.
14.78%
Non-Energy Materi.
9.74%
Other
32.47%
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Diversification
BRF
Total weight of top 15 holdings out of 15
38.21%
EWZS
Total weight of top 15 holdings out of 15
49.06%
Top 15 holdings
Data as of September 30, 2026
BRF
Cyrela Brazil Realty SA Empreendimentos e Participações
3.46%
Alupar Investimento SA
3.33%
Fleury SA
3.23%
Smartfit Escola de Ginástica e Dança SA
3.20%
PagSeguro Digital Ltd.
3.19%
Inter & Co., Inc.
2.79%
GPS Participações e Empreendimentos SA
2.49%
Companhia de Saneamento do Paraná
2.34%
Cury Construtora e Incorporadora SA
2.31%
Orizon Valorização de Resíduos SA
2.28%
Auren Energia SA
2.01%
Companhia Siderurgica Nacional
1.99%
Ituran Location & Control Ltd.
1.89%
JHSF Participações SA
1.86%
Bradespar SA
1.85%
EWZS
TOTVS SA
5.66%
Sendas Distribuidora SA
4.77%
Companhia de Saneamento de Minas Gerais
4.49%
Allos SA
3.72%
Lojas Renner SA
3.67%
Multiplan Empreendimentos Imobiliários SA (Rio de Janeiro)
3.41%
StoneCo Ltd.
2.99%
Metalúrgica Gerdau SA
2.96%
Isa Energia Brasil SA
2.79%
Smartfit Escola de Ginástica e Dança SA
2.79%
Hypera SA
2.50%
Transmissora Aliança de Energia Elétrica SA
2.50%
Cyrela Brazil Realty SA Empreendimentos e Participações
2.36%
Cosan SA
2.28%
Inter & Co., Inc.
2.18%
Frequently asked questions about BRF and EWZS
How have the BRF and EWZS ETFs performed in 2026?
As of October 30, 2026, BRF is down -19.29% year-to-date (YTD), while EWZS has lost -18.16%. That puts EWZS better performer ahead so far this year.
Which ETF is attracting more investor money: BRF or EWZS?
Year-to-date, the BRF ETF saw - in flows, compared to +$294M for EWZS.
Which ETF is more volatile: BRF or EWZS?
Over the past year, BRF had a volatility of 44.62%, while EWZS experienced 46.39%.
Which ETF is bigger: BRF or EWZS?
As of October 30, 2026, BRF holds $17.59 M in assets under management (AUM), while EWZS manages $320.02 M.
What sectors do the BRF and EWZS ETFs invest in?
BRF leans toward sectors like Finance, Non-Energy Materials and Consumer Non-Cyclicals. Meanwhile, EWZS focuses on Finance, Utilities and Consumer Non-Cyclicals.
What are the top holdings of the BRF ETF and EWZS ETF?
BRF top holdings include Cyrela Brazil Realty SA Empreendimentos e Participações, Alupar Investimento SA and Fleury SA. EWZS holds in its top three: TOTVS SA, Sendas Distribuidora SA and Companhia de Saneamento de Minas Gerais.
Which ETF is more diversified: BRF or EWZS?
BRF holds 87 securities with 38.21% of its assets in the top 15. EWZS has 68 securities and a top 15 weight of 49.06%.
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Latest news about BRF & EWZS
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
BRF
Tony's ETF Buyer's Guide: Latin America ETFs
June 18, 2024
BRF
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