EWZvsFLLAETF Comparison
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iShares MSCI Brazil ETF (EWZ) and Franklin FTSE Latin America ETF (FLLA) belong to the same industry segment: LatAm Blended Cap. EWZ's top 3 sector exposures are Financials, Energy and Materials. In contrast, FLLA's top sector exposures are Financials, Materials and Energy. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.19% for FLLA. EWZ is up 25.5% year-to-date (YTD) with +$3.18B in YTD flows. FLLA performs worse with 22.2% YTD performance, and +$56M in YTD flows. Run a side-by-side ETF comparison of EWZ and FLLA 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 FLLA 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 FLLA | +8.84%+9.36% | +9.25%+6.49% | +25.50%+22.20% | +57.60%+52.14% | +72.58%+70.40% | +66.19%+75.27% |
| Flows | EWZ FLLA | +$1.53B+$21M | +$2.43B+$46M | +$3.18B+$56M | +$5.54B+$65M | +$4.66B+$41M | +$4.13B+$89M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ FLLA | +29.81%+27.57% | +23.15%+19.08% | +23.39%+19.31% | +27.46%+21.31% |
| Max drawdown | EWZ FLLA | -11.10%-11.06% | -11.10%-11.06% | -31.40%-27.38% | -32.10%-28.55% |
| Max drawdown duration | EWZ FLLA | 42d42d | 42d42d | 680d623d | 605d436d |
Trading data
EWZ | FLLA | |
Last sale 4/27/2026 at 1:30 PM | $39.89 | $29.37 |
| Previous close 04/24/2026 | $39.94 | $29.50 |
| 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
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EWZ | FLLA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
EWZ | FLLA | |
|---|---|---|
| Last price | $39.89 | $29.37 |
| 1D performance | -0.13% | -0.44% |
| AuM | $11.65 B | $114.74 M |
| E/R | 0.59% | 0.19% |
Characteristics
EWZ | FLLA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Franklin Templeton |
| Benchmark | MSCI Brazil 25/50 Index | FTSE Latin America Capped Index |
| N° of holdings | 40 | 114 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 10, 2000 | October 9, 2018 |
| ESG | No | No |
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Exposure
Countries
EWZ
Brazil
86.86%
Cayman Islands
10.7%
Other
2.44%
FLLA
Brazil
59.62%
Mexico
29.09%
Chile
8.47%
Other
2.82%
Sectors
EWZ
Financials
34.77%
Energy
17.72%
Materials
13.52%
Utilities
8.6%
Other
25.38%
FLLA
Financials
24.98%
Materials
17.99%
Energy
12.74%
Consumer Staples
11.21%
Industrials
8.13%
Utilities
7.37%
Other
17.57%
Diversification
EWZ
Total weight of top 15 holdings out of 15
70.38%
FLLA
Total weight of top 15 holdings out of 15
48.65%
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%
FLLA
VALE SA
6.79%
ITAU UNIBANCO HOLDING PRF
5.50%
PETROLEO BRASILEIRO PRF
5.21%
PETROLEO BRASILEIRO PETROBRAS
4.73%
GRUPO FINANCE BANORTE
3.89%
GRUPO MEXICO
3.77%
MX01AM050019
2.48%
FOMENTO ECONOMICO MEXICANO
2.36%
BANCO BRADESCO PRF
2.32%
BM&F BOVESPA BOLSA DE VALORES
2.24%
CEMEX
2.10%
WALMEX V
2.07%
ITAUSA INVESTIMENTOS ITAU PRF
1.89%
WEG ON
1.68%
COMPANHIA DE SANEAMENTO BASICO
1.63%
Frequently asked questions about EWZ and FLLA
How have the EWZ and FLLA ETFs performed in 2026?
As of April 24, 2026, EWZ is up 25.5% year-to-date (YTD), while FLLA has returned 22.2%. That puts EWZ better performer ahead so far this year.
Which ETF is attracting more investor money: EWZ or FLLA?
Year-to-date, the EWZ ETF saw +$3.18B in flows, compared to +$56M for FLLA.
Which ETF is more volatile: EWZ or FLLA?
Over the past year, EWZ had a volatility of 23.15%, while FLLA experienced 19.08%.
Which ETF is bigger: EWZ or FLLA?
As of April 24, 2026, EWZ holds $11.65 B in assets under management (AUM), while FLLA manages $114.74 M.
What sectors do the EWZ and FLLA ETFs invest in?
EWZ leans toward sectors like Financials, Energy and Materials. Meanwhile, FLLA focuses on Financials, Materials and Energy.
What are the top holdings of the EWZ ETF and FLLA ETF?
EWZ top holdings include VALE SA, NU HOLDINGS and ITAU UNIBANCO HOLDING PRF. FLLA holds in its top three: VALE SA, ITAU UNIBANCO HOLDING PRF and PETROLEO BRASILEIRO PRF.
Which ETF is more diversified: EWZ or FLLA?
EWZ holds 47 securities with 70.38% of its assets in the top 15. FLLA has 129 securities and a top 15 weight of 48.65%.
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Latest news about EWZ & FLLA
The ETF Underdogs: 5 ETFs Under $50 Million AUM to Watch
December 6, 2024
FLLA
Tony's ETF Buyer's Guide: Latin America ETFs
June 18, 2024
EWZ
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