EWZvsEWWETF Comparison
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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 Finance, Energy and Non-Energy Materials. In contrast, EWW's top sector exposures are Non-Energy Materials, Finance and Consumer Non-Cyclicals. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.5% for EWW. EWZ is up 9.33% year-to-date (YTD) with +$5.08B in YTD flows. EWW performs better with 9.81% YTD performance, and -$453M 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
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWZ EWW | -4.69%+3.73% | -3.84%-1.94% | +9.33%+9.81% | +17.20%+16.87% | +37.13%+53.05% | +67.28%+79.55% |
| Flows | EWZ EWW | +$3.95B-$24M | +$3.26B-$294M | +$5.08B-$453M | +$5.59B-$710M | +$6.34B-$142M | +$6.74B+$13M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ EWW | +50.28%+16.20% | +33.70%+21.69% | +26.70%+22.68% | +28.50%+21.87% |
| Max drawdown | EWZ EWW | -21.17%-10.35% | -21.17%-13.65% | -31.40%-31.18% | -32.10%-31.18% |
| Max drawdown duration | EWZ EWW | 15d63d | 15d247d | 680d522d | 605d522d |
Trading data
EWZ | EWW | |
Last sale 10/28/2026 at 1:30 PM | $33.62 | $74.63 |
| Previous close 10/27/2026 | $34.30 | $75.00 |
| 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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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 10/28/2026 at 1:30 PM
Live
Closed
EWZ | EWW | |
|---|---|---|
| Last price | $33.62 | $74.63 |
| 1D performance | -1.98% | -0.49% |
| AuM | $11.18 B | $1.57 B |
| E/R | 0.59% | 0.5% |
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Exposure
Countries
EWZ
Brazil
95.66%
Other
4.34%
EWW
Mexico
99.47%
Other
0.53%
Sectors
EWZ
Finance
35.25%
Energy
15.71%
Non-Energy Materi.
13.96%
Utilities
12.78%
Industrials
7.43%
Other
14.87%
EWW
Non-Energy Materi.
27.83%
Finance
26.04%
Consumer Non-Cycl.
24.67%
Industrials
10.98%
Telecommunication.
8.79%
Other
1.7%
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Diversification
EWZ
Total weight of top 15 holdings out of 15
69.27%
EWW
Total weight of top 15 holdings out of 15
75.21%
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%
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%
Frequently asked questions about EWZ and EWW
How have the EWZ and EWW ETFs performed in 2026?
As of October 27, 2026, EWZ is up 9.33% year-to-date (YTD), while EWW has returned 9.81%. That puts EWW better performer ahead so far this year.
Which ETF is attracting more investor money: EWZ or EWW?
Year-to-date, the EWZ ETF saw +$5.08B in flows, compared to -$453M for EWW.
Which ETF is more volatile: EWZ or EWW?
Over the past year, EWZ had a volatility of 33.7%, while EWW experienced 21.69%.
Which ETF is bigger: EWZ or EWW?
As of October 27, 2026, EWZ holds $11.18 B in assets under management (AUM), while EWW manages $1.57 B.
What sectors do the EWZ and EWW ETFs invest in?
EWZ leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, EWW focuses on Non-Energy Materials, Finance and Consumer Non-Cyclicals.
What are the top holdings of the EWZ ETF and EWW ETF?
EWZ top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. EWW holds in its top three: Grupo México S.A.B. de C.V., Grupo Financiero Banorte SAB de CV and Fomento Economico Mexicano SAB de CV.
Which ETF is more diversified: EWZ or EWW?
EWZ holds 46 securities with 69.27% of its assets in the top 15. EWW has 40 securities and a top 15 weight of 75.21%.
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Latest news about EWZ & EWW
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
EWW
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