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EWZvsILFETF Comparison

ETF 1

EWZ

iShares MSCI Brazil ETF

This fund is part of

LatAm Blended Cap

+0.49%

Full EWZ fund page

VS

ETF 2

ILF

iShares Latin America 40 ETF

This fund is part of

LatAm Blended Cap

+0.49%

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 Finance, Energy and Non-Energy Materials. In contrast, ILF's top sector exposures are Finance, Non-Energy Materials and Energy. EWZ is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.47% for ILF. EWZ is up 22.32% year-to-date (YTD) with +$953M in YTD flows. ILF performs worse with 20.09% YTD performance, and +$1.06B 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 09/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWZ ILF	+9.55%+4.87%	+15.05%+10.48%	+22.32%+20.09%	+35.48%+35.95%	+46.85%+62.17%	+65.40%+84.27%
Flows	EWZ ILF	-$865M-$29M	-$1.62B-$356M	+$953M+$1.06B	+$1.72B+$1.53B	+$2.19B+$1.82B	+$3.08B+$2.12B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWZ ILF	+22.16%+19.03%	+24.36%+21.90%	+23.26%+20.52%	+26.96%+22.79%
Max drawdown	EWZ ILF	-7.95%-5.92%	-19.01%-13.57%	-31.40%-23.91%	-32.10%-29.63%
Max drawdown duration	EWZ ILF	41d41d	149d149d	680d608d	605d435d

Trading data

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	EWZ	ILF
Last sale 9/11/2026 at 1:30 PM	$38.19	$35.97
Previous close 09/10/2026	$38.56	$36.22
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	ILF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	EWZ	ILF
Last price	$38.19	$35.97
1D performance	-0.96%	-0.69%
AuM	$8.78 B	$4.00 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	43	41
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

96.76%

Other

3.24%

ILF

Brazil

55.7%

Mexico

26.13%

Other

18.17%

Sectors

EWZ

Finance

36.47%

Energy

15.27%

Non-Energy Materi.

13.62%

Utilities

13.23%

Industrials

7.02%

Other

14.39%

ILF

Finance

38.1%

Non-Energy Materi.

21.43%

Energy

12.13%

Consumer Non-Cycl.

10.23%

Other

18.1%

Diversification

EWZ

Total weight of top 15 holdings out of 15

69.74%

ILF

Total weight of top 15 holdings out of 15

68.41%

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%

ILF

Nu Holdings Ltd.

8.50%

Vale SA

8.03%

Itaú Unibanco Holding SA

6.97%

Grupo México S.A.B. de C.V.

5.84%

Petróleo Brasileiro SA

5.68%

Petróleo Brasileiro SA

5.43%

Grupo Financiero Banorte SAB de CV

4.26%

Credicorp Ltd.

4.18%

America Movil SAB de CV

3.49%

Fomento Economico Mexicano SAB de CV

3.23%

Banco Bradesco SA

2.90%

CEMEX SAB de CV

2.76%

Itausa SA

2.42%

B3 SA-Brasil, Bolsa, Balcão

2.38%

Southern Copper Corp.

2.36%

Frequently asked questions about EWZ and ILF

How have the EWZ and ILF ETFs performed in 2026?

As of September 10, 2026, EWZ is up 22.32% year-to-date (YTD), while ILF has returned 20.09%. 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 +$953M in flows, compared to +$1.06B for ILF.

Which ETF is more volatile: EWZ or ILF?

Over the past year, EWZ had a volatility of 24.36%, while ILF experienced 21.9%.

Which ETF is bigger: EWZ or ILF?

As of September 10, 2026, EWZ holds $8.78 B in assets under management (AUM), while ILF manages $4.00 B.

What sectors do the EWZ and ILF ETFs invest in?

EWZ leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, ILF focuses on Finance, Non-Energy Materials and Energy.

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

EWZ top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. ILF holds in its top three: Nu Holdings Ltd., Vale SA and Itaú Unibanco Holding SA.

Which ETF is more diversified: EWZ or ILF?

EWZ holds 47 securities with 69.74% of its assets in the top 15. ILF has 42 securities and a top 15 weight of 68.41%.

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EWZ

Tony's ETF Buyer's Guide: Latin America ETFs

June 18, 2024

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 September 10, 2026, EWZ is up 22.32% year-to-date (YTD), while ILF has returned 20.09%. 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 +$953M in flows, compared to +$1.06B for ILF.

Which ETF is more volatile: EWZ or ILF?

Over the past year, EWZ had a volatility of 24.36%, while ILF experienced 21.9%.

Which ETF is bigger: EWZ or ILF?

As of September 10, 2026, EWZ holds $8.78 B in assets under management (AUM), while ILF manages $4.00 B.

What sectors do the EWZ and ILF ETFs invest in?

EWZ leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, ILF focuses on Finance, Non-Energy Materials and Energy.

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

EWZ top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. ILF holds in its top three: Nu Holdings Ltd., Vale SA and Itaú Unibanco Holding SA.

Which ETF is more diversified: EWZ or ILF?

EWZ holds 47 securities with 69.74% of its assets in the top 15. ILF has 42 securities and a top 15 weight of 68.41%.

MoneyShow Chart of the Day 7/7/2025: Will Trump Threat Break the BRICS?

Tony's ETF Buyer's Guide: Latin America ETFs

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