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EWZvsEWWETF Comparison

ETF 1
EWZ

iShares MSCI Brazil ETF

This fund is part of
LatAm Blended Cap
-0.04%
Full EWZ fund page
VS
ETF 2
EWW

iShares MSCI Mexico ETF

This fund is part of
LatAm Blended Cap
-0.04%
Full EWW fund page

iShares MSCI Brazil ETF (EWZ) and iShares MSCI Mexico ETF (EWW) belong to the same industry segment: LatAm Blended Cap. EWZ's top 3 sector exposures are Financials, Materials and Energy. In contrast, EWW's top sector exposures are Materials, Consumer Staples and Financials. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.5% for EWW. EWZ is up 18.14% year-to-date (YTD) with +$1.64B in YTD flows. EWW performs worse with 7.83% YTD performance, and +$255M in YTD flows. Run a side-by-side ETF comparison of EWZ and EWW 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 EWW performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.0%Feb 11Feb 13Feb 18Feb 20Feb 25Feb 27Mar 3Mar 5Mar 9Mar 11

Cumulative Flows

0 M100 M200 M300 M400 M500 MFeb 11Feb 13Feb 18Feb 20Feb 25Feb 27Mar 3Mar 5Mar 9Mar 11

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Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
EWZ
EWW
-3.75%-7.54%
+17.72%+7.33%
+18.14%+7.83%
+62.48%+54.12%
+70.66%+48.20%
+66.80%+99.90%
Flows
EWZ
EWW
+$535M+$77M
+$1.99B+$234M
+$1.64B+$255M
+$3.96B+$136M
+$3.03B+$596M
+$2.45B+$403M
Volatility and drawdown
3M1Y3Y5Y
Volatility
EWZ
EWW
+26.24%+26.09%
+23.97%+22.76%
+23.28%+22.45%
+27.23%+21.39%
Max drawdown
EWZ
EWW
-8.46%-9.11%
-12.83%-11.25%
-31.40%-31.18%
-32.10%-31.18%
Max drawdown duration
EWZ
EWW
14d17d
37d13d
680d522d
605d522d
Trading data

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EWZ
EWW
Last sale
3/12/2026 at 1:53 PM
$36.50
$72.97
Previous close
03/11/2026
$37.61
$74.69
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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EWZ
EWW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/12/2026 at 1:53 PM
Live
Closed
EWZ
EWW
Last price
$36.50
$72.97
1D performance
-2.95%
-2.30%
AuM$9.57 B$2.28 B
E/R0.59%0.5%
Characteristics
EWZ
EWW
Management strategyPassivePassive
ProvideriSharesiShares
BenchmarkMSCI Brazil 25/50 IndexMSCI Mexico IMI 25/50 Index
N° of holdings4039
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateJuly 10, 2000March 12, 1996
ESGNoNo
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Exposure

Countries

EWZ
Brazil
83.81%
Cayman Islands
13.49%
Other
2.7%
EWW
Mexico
99.61%
Other
0.39%

Sectors

EWZ
Financials
38.46%
Materials
14.19%
Energy
13.57%
Utilities
7.98%
Other
25.8%
EWW
Materials
26.67%
Consumer Staples
22.26%
Financials
18.36%
Industrials
15.08%
Real Estate
7.17%
Other
10.46%
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Diversification

EWZ

Total weight of top 15 holdings out of 15

70.47%
EWW

Total weight of top 15 holdings out of 15

74%

Top 15 holdings

Data as of January 31, 2026
EWZ
NU HOLDINGS
11.70%
VALE SA
11.01%
ITAU UNIBANCO HOLDING PRF
8.87%
PETROLEO BRASILEIRO PRF
5.93%
PETROLEO BRASILEIRO PETROBRAS
5.24%
BANCO BRADESCO PRF
3.66%
BM&F BOVESPA BOLSA DE VALORES
3.29%
WEG ON
3.28%
BANCO BTG PACTUAL SA
2.76%
AMBEV SA
2.63%
BREMBJACNOR1
2.59%
COMPANHIA DE SANEAMENTO BASICO
2.59%
ITAUSA INVESTIMENTOS ITAU PRF
2.55%
BRAXIAACNOR0
2.50%
EQUATORIAL ENERGIA
1.87%
EWW
GRUPO MEXICO
13.61%
GRUPO FINANCE BANORTE
10.76%
MX01AM050019
6.82%
FOMENTO ECONOMICO MEXICANO
6.13%
INDUSTRIAS PENOLES
5.77%
WALMEX V
5.76%
CEMEX
4.79%
GRUPO AEROPUERTO DEL PACIF
4.54%
GRUPO AEROPORTUARIO DEL SUREST
2.78%
ARCA CONTINENTAL
2.63%
PROLOGIS PROPERTY MEXICO REIT
2.26%
FIBRA UNO ADMINISTRACION REIT
2.16%
GRUPO BIMBO
2.04%
GRUPO FINANCIERO INBURSA SR O
2.01%
GRUPO AEROPORTUARIO
1.94%
Frequently asked questions about EWZ and EWW

How have the EWZ and EWW ETFs performed in 2026?

As of March 11, 2026, EWZ is up 18.14% year-to-date (YTD), while EWW has returned 7.83%. That puts EWZ better performer ahead so far this year.

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

Year-to-date, the EWZ ETF saw +$1.64B in flows, compared to +$255M for EWW.

Which ETF is more volatile: EWZ or EWW?

Over the past year, EWZ had a volatility of 23.97%, while EWW experienced 22.76%.

Which ETF is bigger: EWZ or EWW?

As of March 11, 2026, EWZ holds $9.57 B in assets under management (AUM), while EWW manages $2.28 B.

What sectors do the EWZ and EWW ETFs invest in?

EWZ leans toward sectors like Financials, Materials and Energy. Meanwhile, EWW focuses on Materials, Consumer Staples and Financials.

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

EWZ top holdings include NU HOLDINGS, VALE SA and ITAU UNIBANCO HOLDING PRF. EWW holds in its top three: GRUPO MEXICO, GRUPO FINANCE BANORTE and MX01AM050019.

Which ETF is more diversified: EWZ or EWW?

EWZ holds 46 securities with 70.47% of its assets in the top 15. EWW has 40 securities and a top 15 weight of 74%.

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