EWZvsFLMXETF Comparison
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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 10.33% year-to-date (YTD) with +$2.28B in YTD flows. FLMX performs better with 13.87% YTD performance, and +$11M 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.
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EWZ vs FLMX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWZ FLMX | -8.29%-1.18% | -2.83%+8.99% | +10.33%+13.87% | +31.82%+32.72% | +30.99%+37.96% | +26.01%+85.92% |
| Flows | EWZ FLMX | -$896M-$4M | +$638M-$4M | +$2.28B+$11M | +$3.63B+$24M | +$3.69B+$48M | +$3.50B+$69M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ FLMX | +27.13%+23.63% | +24.20%+20.83% | +23.42%+22.45% | +27.43%+21.31% |
| Max drawdown | EWZ FLMX | -19.01%-7.07% | -19.01%-13.44% | -31.40%-31.44% | -32.10%-31.44% |
| Max drawdown duration | EWZ FLMX | 59d32d | 59d103d | 680d525d | 605d525d |
Trading data
EWZ | FLMX | |
Last sale 6/12/2026 at 1:30 PM | $35.10 | $38.50 |
| Previous close 06/11/2026 | $34.81 | $37.76 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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EWZ | FLMX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
EWZ | FLMX | |
|---|---|---|
| Last price | $35.10 | $38.50 |
| 1D performance | +0.83% | +1.96% |
| AuM | $9.35 B | $88.63 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 |
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Exposure
Countries
EWZ
Brazil
87.34%
Cayman Islands
10.33%
Other
2.33%
FLMX
Mexico
100%
Other
-0%
Sectors
EWZ
Financials
34.66%
Energy
18.12%
Materials
13.39%
Utilities
9.02%
Other
24.81%
FLMX
Consumer Staples
26.56%
Materials
23.16%
Financials
19.75%
Industrials
12.96%
Other
17.58%
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Diversification
EWZ
Total weight of top 15 holdings out of 15
70.57%
FLMX
Total weight of top 15 holdings out of 15
77.84%
Top 15 holdings
Data as of April 30, 2026
EWZ
VALE SA
10.39%
NU HOLDINGS
8.74%
ITAU UNIBANCO HOLDING PRF
8.43%
PETROLEO BRASILEIRO PRF
7.84%
PETROLEO BRASILEIRO PETROBRAS
7.23%
BM&F BOVESPA BOLSA DE VALORES
3.60%
BANCO BRADESCO PRF
3.35%
COMPANHIA DE SANEAMENTO BASICO
3.12%
BRAXIAACNOR0
2.87%
WEG ON
2.86%
BANCO BTG PACTUAL SA
2.72%
AMBEV SA
2.62%
ITAUSA INVESTIMENTOS ITAU PRF
2.60%
PETRO RIO
2.12%
BREMBJACNOR1
2.08%
FLMX
GRUPO MEXICO
12.65%
GRUPO FINANCE BANORTE
12.49%
MX01AM050019
8.11%
FOMENTO ECONOMICO MEXICANO
7.89%
WALMEX V
6.32%
CEMEX
4.95%
ARCA CONTINENTAL
3.71%
GRUPO AEROPUERTO DEL PACIF
3.64%
INDUSTRIAS PENOLES
3.52%
PROLOGIS PROPERTY MEXICO REIT
2.62%
FIBRA UNO ADMINISTRACION REIT
2.52%
GRUPO AEROPORTUARIO DEL SUREST
2.49%
COCA COLA FEMSA SAB DE CV
2.38%
GRUPO FINANCIERO INBURSA SR O
2.33%
GRUPO CARSO
2.23%
Frequently asked questions about EWZ and FLMX
How have the EWZ and FLMX ETFs performed in 2026?
As of June 12, 2026, EWZ is up 10.33% year-to-date (YTD), while FLMX has returned 13.87%. That puts FLMX better performer ahead so far this year.
Which ETF is attracting more investor money: EWZ or FLMX?
Year-to-date, the EWZ ETF saw +$2.28B in flows, compared to +$11M for FLMX.
Which ETF is more volatile: EWZ or FLMX?
Over the past year, EWZ had a volatility of 24.2%, while FLMX experienced 20.83%.
Which ETF is bigger: EWZ or FLMX?
As of June 12, 2026, EWZ holds $9.35 B in assets under management (AUM), while FLMX manages $88.63 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 MEXICO, GRUPO FINANCE BANORTE and MX01AM050019.
Which ETF is more diversified: EWZ or FLMX?
EWZ holds 47 securities with 70.57% of its assets in the top 15. FLMX has 34 securities and a top 15 weight of 77.84%.
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Latest news about EWZ & FLMX
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