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EWZvsFLBRETF 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
FLBR

Franklin FTSE Brazil ETF

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

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: Financials, Materials and Energy. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.19% for FLBR. EWZ is up 18.14% year-to-date (YTD) with +$1.64B in YTD flows. FLBR performs better with 21.88% YTD performance, and +$147M 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

-8.0-6.0-4.0-2.00.02.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

0 M100 M200 M300 M400 M500 MFeb 11Feb 19Feb 26Mar 5

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
EWZ
FLBR
-3.75%-2.42%
+17.72%+21.93%
+18.14%+21.88%
+62.48%+64.91%
+70.66%+79.40%
+66.80%+74.26%
Flows
EWZ
FLBR
+$535M+$134M
+$1.99B+$153M
+$1.64B+$147M
+$3.96B+$203M
+$3.03B+$48M
+$2.45B+$365M
Volatility and drawdown
3M1Y3Y5Y
Volatility
EWZ
FLBR
+26.24%+27.84%
+23.97%+23.41%
+23.28%+22.23%
+27.23%+25.72%
Max drawdown
EWZ
FLBR
-8.46%-8.41%
-12.83%-11.49%
-31.40%-28.98%
-32.10%-32.23%
Max drawdown duration
EWZ
FLBR
14d15d
37d35d
680d674d
605d605d
Trading data

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EWZ
FLBR
Last sale
3/12/2026 at 1:30 PM
$36.12
$22.44
Previous close
03/11/2026
$37.61
$23.35
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
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 3/12/2026 at 1:30 PM
Live
Closed
EWZ
FLBR
Last price
$36.12
$22.44
1D performance
-3.96%
-3.88%
AuM$9.57 B$466.20 M
E/R0.59%0.19%
Characteristics
EWZ
FLBR
Management strategyPassivePassive
ProvideriSharesFranklin Templeton
BenchmarkMSCI Brazil 25/50 IndexFTSE Brazil RIC Capped Index
N° of holdings4060
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateJuly 10, 2000November 3, 2017
ESGNoNo
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Exposure

Countries

EWZ
Brazil
83.81%
Cayman Islands
13.49%
Other
2.7%
FLBR
Brazil
100%
Other
-0%

Sectors

EWZ
Financials
38.46%
Materials
14.19%
Energy
13.57%
Utilities
7.98%
Other
25.8%
FLBR
Financials
30.33%
Materials
16.36%
Energy
15.31%
Utilities
10.15%
Other
27.85%
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Diversification

EWZ

Total weight of top 15 holdings out of 15

70.47%
FLBR

Total weight of top 15 holdings out of 15

66.4%

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%
FLBR
VALE SA
12.43%
ITAU UNIBANCO HOLDING PRF
10.09%
PETROLEO BRASILEIRO PRF
6.77%
PETROLEO BRASILEIRO PETROBRAS
5.89%
BANCO BRADESCO PRF
4.47%
BM&F BOVESPA BOLSA DE VALORES
3.43%
ITAUSA INVESTIMENTOS ITAU PRF
3.28%
WEG ON
3.07%
BANCO BTG PACTUAL SA
3.02%
BREMBJACNOR1
2.72%
COMPANHIA DE SANEAMENTO BASICO
2.65%
AMBEV SA
2.61%
BRAXIAACNOR0
2.55%
BANCO DO BRASIL
1.73%
REDE DOR SAO LUIZ
1.69%
Frequently asked questions about EWZ and FLBR

How have the EWZ and FLBR ETFs performed in 2026?

As of March 11, 2026, EWZ is up 18.14% year-to-date (YTD), while FLBR has returned 21.88%. 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 +$1.64B in flows, compared to +$147M for FLBR.

Which ETF is more volatile: EWZ or FLBR?

Over the past year, EWZ had a volatility of 23.97%, while FLBR experienced 23.41%.

Which ETF is bigger: EWZ or FLBR?

As of March 11, 2026, EWZ holds $9.57 B in assets under management (AUM), while FLBR manages $466.20 M.

What sectors do the EWZ and FLBR ETFs invest in?

EWZ leans toward sectors like Financials, Materials and Energy. Meanwhile, FLBR focuses on Financials, Materials and Energy.

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

EWZ top holdings include NU HOLDINGS, VALE SA and ITAU UNIBANCO HOLDING PRF. FLBR holds in its top three: VALE SA, ITAU UNIBANCO HOLDING PRF and PETROLEO BRASILEIRO PRF.

Which ETF is more diversified: EWZ or FLBR?

EWZ holds 46 securities with 70.47% of its assets in the top 15. FLBR has 70 securities and a top 15 weight of 66.4%.

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