EWZvsFLMXETF Comparison
VS
iShares MSCI Brazil ETF (EWZ) and Franklin FTSE Mexico ETF (FLMX) belong to the same industry segment: LatAm Blended Cap. EWZ's top 3 sector exposures are Financials, Energy and Materials. In contrast, FLMX's top sector exposures are Consumer Staples, Materials and Financials. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.19% for FLMX. EWZ is up 25.5% year-to-date (YTD) with +$3.18B in YTD flows. FLMX performs worse with 12.97% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of EWZ and FLMX 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 FLMX 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 FLMX | +8.84%+8.11% | +9.25%+1.11% | +25.50%+12.97% | +57.60%+40.39% | +72.58%+42.40% | +66.19%+92.74% |
| Flows | EWZ FLMX | +$1.53B- | +$2.43B+$12M | +$3.18B+$15M | +$5.54B+$21M | +$4.66B+$57M | +$4.13B+$73M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ FLMX | +29.81%+29.99% | +23.15%+20.24% | +23.39%+22.29% | +27.46%+21.22% |
| Max drawdown | EWZ FLMX | -11.10%-13.44% | -11.10%-13.44% | -31.40%-31.44% | -32.10%-31.44% |
| Max drawdown duration | EWZ FLMX | 42d54d | 42d54d | 680d525d | 605d525d |
Trading data
EWZ | FLMX | |
Last sale 4/27/2026 at 1:30 PM | $39.89 | $37.56 |
| Previous close 04/24/2026 | $39.94 | $38.15 |
| 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 | FLMX | |
|---|---|---|
| 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 | FLMX | |
|---|---|---|
| Last price | $39.89 | $37.56 |
| 1D performance | -0.13% | -1.55% |
| AuM | $11.65 B | $91.75 M |
| E/R | 0.59% | 0.19% |
Characteristics
EWZ | FLMX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Franklin Templeton |
| Benchmark | MSCI Brazil 25/50 Index | FTSE Mexico RIC Capped Index |
| N° of holdings | 40 | 34 |
| 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%
FLMX
Mexico
100%
Other
-0%
Sectors
EWZ
Financials
34.77%
Energy
17.72%
Materials
13.52%
Utilities
8.6%
Other
25.38%
FLMX
Consumer Staples
27.2%
Materials
21.82%
Financials
20.1%
Industrials
13.4%
Other
17.48%
Advertisement
Diversification
EWZ
Total weight of top 15 holdings out of 15
70.38%
FLMX
Total weight of top 15 holdings out of 15
76.9%
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%
FLMX
GRUPO FINANCE BANORTE
12.63%
GRUPO MEXICO
12.25%
MX01AM050019
8.20%
FOMENTO ECONOMICO MEXICANO
7.80%
WALMEX V
6.88%
CEMEX
4.64%
GRUPO AEROPUERTO DEL PACIF
3.65%
ARCA CONTINENTAL
3.49%
INDUSTRIAS PENOLES
2.91%
GRUPO AEROPORTUARIO DEL SUREST
2.82%
PROLOGIS PROPERTY MEXICO REIT
2.50%
COCA COLA FEMSA SAB DE CV
2.36%
GRUPO FINANCIERO INBURSA SR O
2.35%
FIBRA UNO ADMINISTRACION REIT
2.30%
GRUPO BIMBO
2.13%
Frequently asked questions about EWZ and FLMX
How have the EWZ and FLMX ETFs performed in 2026?
As of April 24, 2026, EWZ is up 25.5% year-to-date (YTD), while FLMX has returned 12.97%. That puts EWZ better performer ahead so far this year.
Which ETF is attracting more investor money: EWZ or FLMX?
Year-to-date, the EWZ ETF saw +$3.18B in flows, compared to +$15M for FLMX.
Which ETF is more volatile: EWZ or FLMX?
Over the past year, EWZ had a volatility of 23.15%, while FLMX experienced 20.24%.
Which ETF is bigger: EWZ or FLMX?
As of April 24, 2026, EWZ holds $11.65 B in assets under management (AUM), while FLMX manages $91.75 M.
What sectors do the EWZ and FLMX ETFs invest in?
EWZ leans toward sectors like Financials, Energy and Materials. Meanwhile, FLMX focuses on Consumer Staples, Materials and Financials.
What are the top holdings of the EWZ ETF and FLMX ETF?
EWZ top holdings include VALE SA, NU HOLDINGS and ITAU UNIBANCO HOLDING PRF. FLMX holds in its top three: GRUPO FINANCE BANORTE, GRUPO MEXICO and MX01AM050019.
Which ETF is more diversified: EWZ or FLMX?
EWZ holds 47 securities with 70.38% of its assets in the top 15. FLMX has 34 securities and a top 15 weight of 76.9%.
Advertisement
Latest news about EWZ & FLMX
Advertisement
