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 Finance, Energy and Non-Energy Materials. In contrast, FLLA's top sector exposures are Finance, Non-Energy Materials and Consumer Non-Cyclicals. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.19% for FLLA. EWZ is up 22.32% year-to-date (YTD) with +$953M in YTD flows. FLLA performs worse with 20.4% YTD performance, and +$59M 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 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWZ FLLA | +9.55%+5.14% | +15.05%+10.23% | +22.32%+20.40% | +35.48%+34.19% | +46.85%+54.33% | +65.40%+74.62% |
| Flows | EWZ FLLA | -$865M- | -$1.62B- | +$953M+$59M | +$1.72B+$64M | +$2.19B+$44M | +$3.08B+$92M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ FLLA | +22.16%+17.79% | +24.36%+20.34% | +23.26%+19.23% | +26.96%+21.09% |
| Max drawdown | EWZ FLLA | -7.95%-5.53% | -19.01%-13.65% | -31.40%-27.38% | -32.10%-28.55% |
| Max drawdown duration | EWZ FLLA | 41d30d | 149d149d | 680d623d | 605d436d |
Trading data
EWZ | FLLA | |
Last sale 9/11/2026 at 1:30 PM | $38.19 | $28.32 |
| Previous close 09/10/2026 | $38.56 | $28.50 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 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 9/11/2026 at 1:30 PM
Live
Closed
EWZ | FLLA | |
|---|---|---|
| Last price | $38.19 | $28.32 |
| 1D performance | -0.96% | -0.63% |
| AuM | $8.78 B | $114.36 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 | 43 | 120 |
| 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
96.76%
Other
3.24%
FLLA
Brazil
57.65%
Mexico
30.05%
Chile
8.97%
Other
3.33%
Sectors
EWZ
Finance
36.47%
Energy
15.27%
Non-Energy Materi.
13.62%
Utilities
13.23%
Industrials
7.02%
Other
14.39%
FLLA
Finance
30.84%
Non-Energy Materi.
18.62%
Consumer Non-Cycl.
13.51%
Energy
10.9%
Utilities
9.86%
Industrials
8.41%
Other
7.85%
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Diversification
EWZ
Total weight of top 15 holdings out of 15
69.74%
FLLA
Total weight of top 15 holdings out of 15
48.51%
Top 15 holdings
Data as of July 31, 2026
EWZ
Vale SA
10.01%
Nu Holdings Ltd.
9.32%
Itaú Unibanco Holding SA
8.39%
Petróleo Brasileiro SA
6.75%
Petróleo Brasileiro SA
6.51%
Banco Bradesco SA
3.68%
B3 SA-Brasil, Bolsa, Balcão
3.27%
AXIA Energia SA
3.25%
WEG SA
3.12%
Ambev SA
3.02%
Banco BTG Pactual SA
2.72%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.71%
Itausa SA
2.54%
Embraer SA
2.44%
PRIO SA
2.01%
FLLA
Vale SA
6.55%
Itaú Unibanco Holding SA
5.72%
Petróleo Brasileiro SA
4.60%
Grupo México S.A.B. de C.V.
4.25%
Petróleo Brasileiro SA
4.22%
Grupo Financiero Banorte SAB de CV
4.09%
Fomento Economico Mexicano SAB de CV
2.86%
America Movil SAB de CV
2.46%
Banco Bradesco SA
2.38%
CEMEX SAB de CV
2.33%
B3 SA-Brasil, Bolsa, Balcão
1.97%
Itausa SA
1.97%
Wal-Mart de México SAB de CV
1.74%
WEG SA
1.69%
Ambev SA
1.68%
Frequently asked questions about EWZ and FLLA
How have the EWZ and FLLA ETFs performed in 2026?
As of September 10, 2026, EWZ is up 22.32% year-to-date (YTD), while FLLA has returned 20.4%. 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 +$953M in flows, compared to +$59M for FLLA.
Which ETF is more volatile: EWZ or FLLA?
Over the past year, EWZ had a volatility of 24.36%, while FLLA experienced 20.34%.
Which ETF is bigger: EWZ or FLLA?
As of September 10, 2026, EWZ holds $8.78 B in assets under management (AUM), while FLLA manages $114.36 M.
What sectors do the EWZ and FLLA ETFs invest in?
EWZ leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, FLLA focuses on Finance, Non-Energy Materials and Consumer Non-Cyclicals.
What are the top holdings of the EWZ ETF and FLLA ETF?
EWZ top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. FLLA holds in its top three: Vale SA, Itaú Unibanco Holding SA and Petróleo Brasileiro SA.
Which ETF is more diversified: EWZ or FLLA?
EWZ holds 47 securities with 69.74% of its assets in the top 15. FLLA has 127 securities and a top 15 weight of 48.51%.
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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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