EWZvsEPUETF Comparison
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iShares MSCI Brazil ETF (EWZ) and iShares MSCI Peru and Global Exposure ETF (EPU) belong to the same industry segment: LatAm Blended Cap. EWZ's top 3 sector exposures are Finance, Energy and Non-Energy Materials. In contrast, EPU's top sector exposures are Non-Energy Materials, Finance and Consumer Non-Cyclicals. Both EWZ and EPU have the same Total Expense Ratio (TER) of 0.59%. EWZ is up 8.88% year-to-date (YTD) with +$5.24B in YTD flows. EPU performs better with 20.03% YTD performance, and +$204M in YTD flows. Run a side-by-side ETF comparison of EWZ and EPU 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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EWZ vs EPU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWZ EPU | -5.09%-5.57% | -4.25%-1.21% | +8.88%+20.03% | +16.71%+40.50% | +34.20%+226.28% | +66.79%+241.52% |
| Flows | EWZ EPU | +$4.10B- | +$3.42B-$9M | +$5.24B+$204M | +$5.75B+$198M | +$6.48B+$255M | +$6.90B+$235M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ EPU | +50.67%+22.34% | +33.77%+30.14% | +26.72%+23.76% | +28.50%+23.36% |
| Max drawdown | EWZ EPU | -21.17%-11.44% | -21.17%-19.56% | -31.40%-19.56% | -32.10%-35.38% |
| Max drawdown duration | EWZ EPU | 14d62d | 14d172d | 680d172d | 605d626d |
Trading data
EWZ | EPU | |
Last sale 10/27/2026 at 1:30 PM | $34.30 | $85.49 |
| Previous close 10/26/2026 | $34.15 | $84.40 |
| Consolidated volume 10/26/2026 | ||
| 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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EWZ | EPU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
EWZ | EPU | |
|---|---|---|
| Last price | $34.30 | $85.49 |
| 1D performance | +0.44% | +1.29% |
| AuM | $11.29 B | $520.63 M |
| E/R | 0.59% | 0.59% |
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Exposure
Countries
EWZ
Brazil
95.66%
Other
4.34%
EPU
Peru
43.06%
USA
26.71%
Canada
10.51%
Other
19.71%
Sectors
EWZ
Finance
35.25%
Energy
15.71%
Non-Energy Materi.
13.96%
Utilities
12.78%
Industrials
7.43%
Other
14.87%
EPU
Non-Energy Materi.
54.74%
Finance
29.92%
Consumer Non-Cycl.
7.27%
Other
8.06%
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Diversification
EWZ
Total weight of top 15 holdings out of 15
69.27%
EPU
Total weight of top 15 holdings out of 15
85.54%
Top 15 holdings
Data as of August 31, 2026
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%
EPU
Southern Copper Corp.
23.89%
Credicorp Ltd.
22.11%
Hochschild Mining Plc
4.78%
Compañía de Minas Buenaventura SAA
4.33%
MMG Ltd.
3.01%
Volcan CIA Minera S.A.A.
2.90%
Sociedad Minera Cerro Verde SAA
2.86%
Wheaton Precious Metals Corp.
2.83%
Ferreycorp SA
2.82%
Fortuna Mining Corp.
2.77%
Intercorp Financial Services, Inc.
2.75%
Interconexion Eléctrica SA ESP
2.71%
Parque Arauco SA
2.66%
Pan American Silver Corp.
2.58%
Laureate Education, Inc.
2.56%
Frequently asked questions about EWZ and EPU
How have the EWZ and EPU ETFs performed in 2026?
As of October 26, 2026, EWZ is up 8.88% year-to-date (YTD), while EPU has returned 20.03%. That puts EPU better performer ahead so far this year.
Which ETF is attracting more investor money: EWZ or EPU?
Year-to-date, the EWZ ETF saw +$5.24B in flows, compared to +$204M for EPU.
Which ETF is more volatile: EWZ or EPU?
Over the past year, EWZ had a volatility of 33.77%, while EPU experienced 30.14%.
Which ETF is bigger: EWZ or EPU?
As of October 26, 2026, EWZ holds $11.29 B in assets under management (AUM), while EPU manages $520.63 M.
What sectors do the EWZ and EPU ETFs invest in?
EWZ leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, EPU focuses on Non-Energy Materials, Finance and Consumer Non-Cyclicals.
What are the top holdings of the EWZ ETF and EPU ETF?
EWZ top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. EPU holds in its top three: Southern Copper Corp., Credicorp Ltd. and Hochschild Mining Plc.
Which ETF is more diversified: EWZ or EPU?
EWZ holds 46 securities with 69.27% of its assets in the top 15. EPU has 26 securities and a top 15 weight of 85.54%.
Latest news about EWZ & EPU
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
EWZ
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