EWWvsEWZETF Comparison
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iShares MSCI Mexico ETF (EWW) and iShares MSCI Brazil ETF (EWZ) belong to the same industry segment: LatAm Blended Cap. EWW's top 3 sector exposures are Non-Energy Materials, Finance and Consumer Non-Cyclicals. In contrast, EWZ's top sector exposures are Finance, Energy and Non-Energy Materials. EWW is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.59% for EWZ. EWW is up 9.81% year-to-date (YTD) with -$453M in YTD flows. EWZ performs worse with 9.33% YTD performance, and +$5.08B in YTD flows. Run a side-by-side ETF comparison of EWW 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.
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EWW vs EWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWW EWZ | +3.73%-4.69% | -1.94%-3.84% | +9.81%+9.33% | +16.87%+17.20% | +53.05%+37.13% | +79.55%+67.28% |
| Flows | EWW EWZ | -$24M+$3.95B | -$294M+$3.26B | -$453M+$5.08B | -$710M+$5.59B | -$142M+$6.34B | +$13M+$6.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWW EWZ | +16.20%+50.28% | +21.69%+33.70% | +22.68%+26.70% | +21.87%+28.50% |
| Max drawdown | EWW EWZ | -10.35%-21.17% | -13.65%-21.17% | -31.18%-31.40% | -31.18%-32.10% |
| Max drawdown duration | EWW EWZ | 63d15d | 247d15d | 522d680d | 522d605d |
Trading data
EWW | EWZ | |
Last sale 10/28/2026 at 5:49 PM | $74.24 | $33.33 |
| Previous close 10/27/2026 | $75.00 | $34.30 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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EWW | EWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 5:49 PM
Live
Closed
EWW | EWZ | |
|---|---|---|
| Last price | $74.24 | $33.33 |
| 1D performance | -1.01% | -2.84% |
| AuM | $1.57 B | $11.18 B |
| E/R | 0.5% | 0.59% |
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Exposure
Countries
EWW
Mexico
99.47%
Other
0.53%
EWZ
Brazil
95.66%
Other
4.34%
Sectors
EWW
Non-Energy Materi.
27.83%
Finance
26.04%
Consumer Non-Cycl.
24.67%
Industrials
10.98%
Telecommunication.
8.79%
Other
1.7%
EWZ
Finance
35.25%
Energy
15.71%
Non-Energy Materi.
13.96%
Utilities
12.78%
Industrials
7.43%
Other
14.87%
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Diversification
EWW
Total weight of top 15 holdings out of 15
75.21%
EWZ
Total weight of top 15 holdings out of 15
69.27%
Top 15 holdings
Data as of August 31, 2026
EWW
Grupo México S.A.B. de C.V.
16.62%
Grupo Financiero Banorte SAB de CV
11.08%
Fomento Economico Mexicano SAB de CV
8.28%
America Movil SAB de CV
7.23%
CEMEX SAB de CV
4.43%
Wal-Mart de México SAB de CV
4.38%
Industrias Peñoles SAB de CV
4.32%
Grupo Aeroportuario del Pacífico SAB de CV
3.32%
Arca Continental SAB de CV
2.67%
Fibra Uno Administración SA de CV
2.28%
FIBRA Prologis
2.23%
Grupo Carso SAB de CV
2.12%
Coca-Cola FEMSA SAB de CV
2.10%
Grupo Bimbo SAB de CV
2.09%
Grupo Aeroportuario del Sureste SA de CV
2.07%
EWZ
Vale SA
10.12%
Nu Holdings Ltd.
9.45%
Itaú Unibanco Holding SA
7.65%
Petróleo Brasileiro SA
7.01%
Petróleo Brasileiro SA
6.62%
Banco Bradesco SA
3.61%
B3 SA-Brasil, Bolsa, Balcão
3.35%
WEG SA
3.30%
AXIA Energia SA
3.20%
Ambev SA
2.81%
Embraer SA
2.62%
Banco BTG Pactual SA
2.60%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.47%
Itausa SA
2.38%
PRIO SA
2.07%
Frequently asked questions about EWW and EWZ
How have the EWW and EWZ ETFs performed in 2026?
As of October 27, 2026, EWW is up 9.81% year-to-date (YTD), while EWZ has returned 9.33%. That puts EWW better performer ahead so far this year.
Which ETF is attracting more investor money: EWW or EWZ?
Year-to-date, the EWW ETF saw -$453M in flows, compared to +$5.08B for EWZ.
Which ETF is more volatile: EWW or EWZ?
Over the past year, EWW had a volatility of 21.69%, while EWZ experienced 33.7%.
Which ETF is bigger: EWW or EWZ?
As of October 27, 2026, EWW holds $1.57 B in assets under management (AUM), while EWZ manages $11.18 B.
What sectors do the EWW and EWZ ETFs invest in?
EWW leans toward sectors like Non-Energy Materials, Finance and Consumer Non-Cyclicals. Meanwhile, EWZ focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the EWW ETF and EWZ ETF?
EWW top holdings include Grupo México S.A.B. de C.V., Grupo Financiero Banorte SAB de CV and Fomento Economico Mexicano SAB de CV. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.
Which ETF is more diversified: EWW or EWZ?
EWW holds 40 securities with 75.21% of its assets in the top 15. EWZ has 46 securities and a top 15 weight of 69.27%.
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Latest news about EWW & EWZ
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
EWZ
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
EWZ
Tony's ETF Buyer's Guide: Latin America ETFs
June 18, 2024
EWW
EWZ
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