EWZvsFLBRETF Comparison
VS
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, Energy and Materials. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.19% for FLBR. EWZ is up 25.5% year-to-date (YTD) with +$3.18B in YTD flows. FLBR performs better with 30.05% YTD performance, and +$250M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
EWZ vs FLBR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWZ FLBR | +8.84%+9.58% | +9.25%+12.29% | +25.50%+30.05% | +57.60%+58.91% | +72.58%+84.40% | +66.19%+73.38% |
| Flows | EWZ FLBR | +$1.53B+$79M | +$2.43B+$241M | +$3.18B+$250M | +$5.54B+$298M | +$4.66B+$213M | +$4.13B+$456M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ FLBR | +29.81%+29.42% | +23.15%+22.84% | +23.39%+22.29% | +27.46%+25.88% |
| Max drawdown | EWZ FLBR | -11.10%-9.84% | -11.10%-9.84% | -31.40%-28.98% | -32.10%-32.23% |
| Max drawdown duration | EWZ FLBR | 42d42d | 42d42d | 680d674d | 605d605d |
Trading data
EWZ | FLBR | |
Last sale 4/27/2026 at 1:30 PM | $39.89 | $24.90 |
| Previous close 04/24/2026 | $39.94 | $25.00 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
EWZ | FLBR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
EWZ | FLBR | |
|---|---|---|
| Last price | $39.89 | $24.90 |
| 1D performance | -0.13% | -0.40% |
| AuM | $11.65 B | $601.95 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 | 40 | 58 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 10, 2000 | November 3, 2017 |
| ESG | No | No |
Advertisement
Exposure
Countries
EWZ
Brazil
86.86%
Cayman Islands
10.7%
Other
2.44%
FLBR
Brazil
100%
Sectors
EWZ
Financials
34.77%
Energy
17.72%
Materials
13.52%
Utilities
8.6%
Other
25.38%
FLBR
Financials
28.18%
Energy
20.05%
Materials
14.83%
Utilities
10.73%
Other
26.2%
Diversification
EWZ
Total weight of top 15 holdings out of 15
70.38%
FLBR
Total weight of top 15 holdings out of 15
67.49%
Top 15 holdings
Data as of March 31, 2026
EWZ
VALE SA
10.45%
NU HOLDINGS
9.00%
ITAU UNIBANCO HOLDING PRF
8.40%
PETROLEO BRASILEIRO PRF
7.70%
PETROLEO BRASILEIRO PETROBRAS
7.05%
BM&F BOVESPA BOLSA DE VALORES
3.63%
BANCO BRADESCO PRF
3.29%
WEG ON
3.21%
COMPANHIA DE SANEAMENTO BASICO
2.95%
AMBEV SA
2.72%
BRAXIAACNOR0
2.69%
ITAUSA INVESTIMENTOS ITAU PRF
2.58%
BANCO BTG PACTUAL SA
2.56%
PETRO RIO
2.09%
BREMBJACNOR1
2.06%
FLBR
VALE SA
11.33%
ITAU UNIBANCO HOLDING PRF
9.18%
PETROLEO BRASILEIRO PRF
8.72%
PETROLEO BRASILEIRO PETROBRAS
7.89%
BANCO BRADESCO PRF
3.89%
BM&F BOVESPA BOLSA DE VALORES
3.75%
ITAUSA INVESTIMENTOS ITAU PRF
3.17%
COMPANHIA DE SANEAMENTO BASICO
2.84%
WEG ON
2.81%
BANCO BTG PACTUAL SA
2.70%
BRAXIAACNOR0
2.64%
AMBEV SA
2.61%
PETRO RIO
2.21%
BREMBJACNOR1
2.03%
EQUATORIAL ENERGIA
1.72%
Frequently asked questions about EWZ and FLBR
How have the EWZ and FLBR ETFs performed in 2026?
As of April 24, 2026, EWZ is up 25.5% year-to-date (YTD), while FLBR has returned 30.05%. 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 +$3.18B in flows, compared to +$250M for FLBR.
Which ETF is more volatile: EWZ or FLBR?
Over the past year, EWZ had a volatility of 23.15%, while FLBR experienced 22.84%.
Which ETF is bigger: EWZ or FLBR?
As of April 24, 2026, EWZ holds $11.65 B in assets under management (AUM), while FLBR manages $601.95 M.
What sectors do the EWZ and FLBR ETFs invest in?
EWZ leans toward sectors like Financials, Energy and Materials. Meanwhile, FLBR focuses on Financials, Energy and Materials.
What are the top holdings of the EWZ ETF and FLBR ETF?
EWZ top holdings include VALE SA, NU HOLDINGS 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 47 securities with 70.38% of its assets in the top 15. FLBR has 68 securities and a top 15 weight of 67.49%.
Advertisement
Latest news about EWZ & FLBR
Advertisement
