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EWZvsILFETF Comparison

ETF 1

EWZ

iShares MSCI Brazil ETF

This fund is part of

LatAm Blended Cap

+0.11%

Full EWZ fund page

VS

ETF 2

ILF

iShares Latin America 40 ETF

This fund is part of

LatAm Blended Cap

+0.11%

Full ILF fund page

iShares MSCI Brazil ETF (EWZ) and iShares Latin America 40 ETF (ILF) belong to the same industry segment: LatAm Blended Cap. EWZ's top 3 sector exposures are Financials, Energy and Materials. In contrast, ILF's top sector exposures are Financials, Materials and Consumer Staples. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.47% for ILF. EWZ is up 25.5% year-to-date (YTD) with +$3.18B in YTD flows. ILF performs worse with 20.78% YTD performance, and +$1.95B in YTD flows. Run a side-by-side ETF comparison of EWZ and ILF 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 ILF performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWZ ILF	+8.84%+8.51%	+9.25%+4.98%	+25.50%+20.78%	+57.60%+55.96%	+72.58%+78.04%	+66.19%+81.67%
Flows	EWZ ILF	+$1.53B+$650M	+$2.43B+$1.34B	+$3.18B+$1.95B	+$5.54B+$2.67B	+$4.66B+$3.09B	+$4.13B+$2.54B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWZ ILF	+29.81%+29.61%	+23.15%+20.45%	+23.39%+20.50%	+27.46%+23.06%
Max drawdown	EWZ ILF	-11.10%-12.45%	-11.10%-12.45%	-31.40%-23.91%	-32.10%-29.63%
Max drawdown duration	EWZ ILF	42d43d	42d43d	680d608d	605d435d

Trading data

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	EWZ	ILF
Last sale 4/27/2026 at 1:30 PM	$39.89	$36.60
Previous close 04/24/2026	$39.94	$36.82
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	ILF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	EWZ	ILF
Last price	$39.89	$36.60
1D performance	-0.13%	-0.60%
AuM	$11.65 B	$5.03 B
E/R	0.59%	0.47%

Characteristics

	EWZ	ILF
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Brazil 25/50 Index	S&P Latin America 40 Index
N° of holdings	40	27
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 10, 2000	October 25, 2001
ESG	No	No

More EWZ data on Trackinsight

More ILF data on Trackinsight

Exposure

Countries

EWZ

Brazil

86.86%

Cayman Islands

10.7%

Other

2.44%

ILF

USA

43.36%

Mexico

23.72%

Brazil

15.68%

Cayman Islands

8.53%

Other

8.71%

Sectors

EWZ

Financials

34.77%

Energy

17.72%

Materials

13.52%

Utilities

8.6%

Other

25.38%

ILF

Financials

24.81%

Materials

10.03%

Consumer Staples

7.42%

Other

57.74%

Diversification

EWZ

Total weight of top 15 holdings out of 15

70.38%

ILF

Total weight of top 15 holdings out of 15

69.54%

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%

ILF

US91912E1055

8.86%

NU HOLDINGS

8.53%

US4655621062

7.04%

US71654V1017

6.42%

US71654V4086

6.00%

GRUPO MEXICO

5.14%

GRUPO FINANCE BANORTE

4.14%

CREDICORP

3.58%

MX01AM050019

3.54%

US0594603039

3.00%

FOMENTO ECONOMICO MEXICANO

2.88%

BM&F BOVESPA BOLSA DE VALORES

2.88%

CEMEX

2.68%

WALMEX V

2.43%

ITAUSA INVESTIMENTOS ITAU PRF

2.42%

Frequently asked questions about EWZ and ILF

How have the EWZ and ILF ETFs performed in 2026?

As of April 24, 2026, EWZ is up 25.5% year-to-date (YTD), while ILF has returned 20.78%. That puts EWZ better performer ahead so far this year.

Which ETF is attracting more investor money: EWZ or ILF?

Year-to-date, the EWZ ETF saw +$3.18B in flows, compared to +$1.95B for ILF.

Which ETF is more volatile: EWZ or ILF?

Over the past year, EWZ had a volatility of 23.15%, while ILF experienced 20.45%.

Which ETF is bigger: EWZ or ILF?

As of April 24, 2026, EWZ holds $11.65 B in assets under management (AUM), while ILF manages $5.03 B.

What sectors do the EWZ and ILF ETFs invest in?

EWZ leans toward sectors like Financials, Energy and Materials. Meanwhile, ILF focuses on Financials, Materials and Consumer Staples.

What are the top holdings of the EWZ ETF and ILF ETF?

EWZ top holdings include VALE SA, NU HOLDINGS and ITAU UNIBANCO HOLDING PRF. ILF holds in its top three: US91912E1055, NU HOLDINGS and US4655621062.

Which ETF is more diversified: EWZ or ILF?

EWZ holds 47 securities with 70.38% of its assets in the top 15. ILF has 42 securities and a top 15 weight of 69.54%.

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EWZ

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EWZ

EWZvsILFETF Comparison

iShares MSCI Brazil ETF

iShares Latin America 40 ETF

EWZ vs ILF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the EWZ and ILF ETFs performed in 2026?

As of April 24, 2026, EWZ is up 25.5% year-to-date (YTD), while ILF has returned 20.78%. That puts EWZ better performer ahead so far this year.

Which ETF is attracting more investor money: EWZ or ILF?

Year-to-date, the EWZ ETF saw +$3.18B in flows, compared to +$1.95B for ILF.

Which ETF is more volatile: EWZ or ILF?

Over the past year, EWZ had a volatility of 23.15%, while ILF experienced 20.45%.

Which ETF is bigger: EWZ or ILF?

As of April 24, 2026, EWZ holds $11.65 B in assets under management (AUM), while ILF manages $5.03 B.

What sectors do the EWZ and ILF ETFs invest in?

EWZ leans toward sectors like Financials, Energy and Materials. Meanwhile, ILF focuses on Financials, Materials and Consumer Staples.

What are the top holdings of the EWZ ETF and ILF ETF?

EWZ top holdings include VALE SA, NU HOLDINGS and ITAU UNIBANCO HOLDING PRF. ILF holds in its top three: US91912E1055, NU HOLDINGS and US4655621062.

Which ETF is more diversified: EWZ or ILF?

EWZ holds 47 securities with 70.38% of its assets in the top 15. ILF has 42 securities and a top 15 weight of 69.54%.

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