EWZvsFLBRETF Comparison
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iShares MSCI Brazil ETF (EWZ) and Franklin FTSE Brazil ETF (FLBR) belong to the same industry segment: LatAm Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Energy and Non-Energy Materials. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.19% for FLBR. EWZ is up 9.33% year-to-date (YTD) with +$5.08B in YTD flows. FLBR performs better with 14.22% YTD performance, and +$307M in YTD flows. Run a side-by-side ETF comparison of EWZ and FLBR 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 FLBR 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 FLBR | -4.69%-5.20% | -3.84%-2.88% | +9.33%+14.22% | +17.20%+22.66% | +37.13%+44.51% | +67.28%+76.49% |
| Flows | EWZ FLBR | +$3.95B-$14M | +$3.26B+$54M | +$5.08B+$307M | +$5.59B+$323M | +$6.34B+$413M | +$6.74B+$388M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ FLBR | +50.28%+50.84% | +33.70%+33.62% | +26.70%+25.85% | +28.50%+27.20% |
| Max drawdown | EWZ FLBR | -21.17%-21.50% | -21.17%-21.50% | -31.40%-28.98% | -32.10%-32.23% |
| Max drawdown duration | EWZ FLBR | 15d16d | 15d16d | 680d674d | 605d605d |
Trading data
EWZ | FLBR | |
Last sale 10/28/2026 at 1:30 PM | $33.62 | $21.07 |
| Previous close 10/27/2026 | $34.30 | $21.56 |
| 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 | FLBR | |
|---|---|---|
| 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 | FLBR | |
|---|---|---|
| Last price | $33.62 | $21.07 |
| 1D performance | -1.98% | -2.27% |
| AuM | $11.18 B | $574.13 M |
| E/R | 0.59% | 0.19% |
Characteristics
EWZ | FLBR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Franklin Templeton |
| Benchmark | MSCI Brazil 25/50 Index | FTSE Brazil RIC Capped Index |
| N° of holdings | 42 | 60 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 10, 2000 | November 3, 2017 |
| ESG | No | No |
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Exposure
Countries
EWZ
Brazil
95.66%
Other
4.34%
FLBR
Brazil
100%
Other
-0%
Sectors
EWZ
Finance
35.25%
Energy
15.71%
Non-Energy Materi.
13.96%
Utilities
12.78%
Industrials
7.43%
Other
14.87%
FLBR
Finance
29.3%
Energy
17.89%
Non-Energy Materi.
15.81%
Utilities
14.62%
Industrials
8.04%
Other
14.34%
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Diversification
EWZ
Total weight of top 15 holdings out of 15
69.27%
FLBR
Total weight of top 15 holdings out of 15
68.28%
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%
FLBR
Vale SA
11.91%
Itaú Unibanco Holding SA
9.24%
Petróleo Brasileiro SA
8.17%
Petróleo Brasileiro SA
7.35%
Banco Bradesco SA
4.01%
B3 SA-Brasil, Bolsa, Balcão
3.45%
Itausa SA
3.24%
WEG SA
3.24%
AXIA Energia SA
3.04%
Ambev SA
2.83%
Embraer SA
2.81%
Banco BTG Pactual SA
2.74%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.52%
PRIO SA
2.09%
Equatorial SA
1.63%
Frequently asked questions about EWZ and FLBR
How have the EWZ and FLBR ETFs performed in 2026?
As of October 27, 2026, EWZ is up 9.33% year-to-date (YTD), while FLBR has returned 14.22%. That puts FLBR better performer ahead so far this year.
Which ETF is attracting more investor money: EWZ or FLBR?
Year-to-date, the EWZ ETF saw +$5.08B in flows, compared to +$307M for FLBR.
Which ETF is more volatile: EWZ or FLBR?
Over the past year, EWZ had a volatility of 33.7%, while FLBR experienced 33.62%.
Which ETF is bigger: EWZ or FLBR?
As of October 27, 2026, EWZ holds $11.18 B in assets under management (AUM), while FLBR manages $574.13 M.
What sectors do the EWZ and FLBR ETFs invest in?
EWZ leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, FLBR focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the EWZ ETF and FLBR ETF?
EWZ top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. FLBR holds in its top three: Vale SA, Itaú Unibanco Holding SA and Petróleo Brasileiro SA.
Which ETF is more diversified: EWZ or FLBR?
EWZ holds 46 securities with 69.27% of its assets in the top 15. FLBR has 66 securities and a top 15 weight of 68.28%.
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Latest news about EWZ & FLBR
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
EWZ
FLBR
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
FLBR
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