EWZvsILFETF Comparison
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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 8.88% year-to-date (YTD) with +$5.24B in YTD flows. ILF performs better with 11.14% YTD performance, and +$874M 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
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWZ ILF | -5.09%-1.94% | -4.25%-3.82% | +8.88%+11.14% | +16.71%+20.15% | +34.20%+56.44% | +66.79%+83.25% |
| Flows | EWZ ILF | +$4.10B-$223M | +$3.42B-$121M | +$5.24B+$874M | +$5.75B+$1.24B | +$6.48B+$1.67B | +$6.90B+$1.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWZ ILF | +50.67%+32.85% | +33.77%+26.10% | +26.72%+21.91% | +28.50%+23.45% |
| Max drawdown | EWZ ILF | -21.17%-12.47% | -21.17%-13.57% | -31.40%-23.91% | -32.10%-29.63% |
| Max drawdown duration | EWZ ILF | 14d14d | 14d171d | 680d608d | 605d435d |
Trading data
EWZ | ILF | |
Last sale 10/27/2026 at 1:30 PM | $34.30 | $33.46 |
| Previous close 10/26/2026 | $34.15 | $33.48 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
EWZ | ILF | |
|---|---|---|
| Last price | $34.30 | $33.46 |
| 1D performance | +0.44% | -0.06% |
| AuM | $11.29 B | $3.52 B |
| E/R | 0.59% | 0.47% |
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Exposure
Countries
EWZ
Brazil
95.66%
Other
4.34%
ILF
Brazil
55%
Mexico
26.08%
Other
18.92%
Sectors
EWZ
Finance
35.25%
Energy
15.71%
Non-Energy Materi.
13.96%
Utilities
12.78%
Industrials
7.43%
Other
14.87%
ILF
Finance
36.91%
Non-Energy Materi.
22.7%
Energy
12.53%
Consumer Non-Cycl.
9.92%
Other
17.94%
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Diversification
EWZ
Total weight of top 15 holdings out of 15
69.27%
ILF
Total weight of top 15 holdings out of 15
68.33%
Top 15 holdings
Data as of August 31, 2026
EWZ
Vale SA
10.12%
Nu Holdings Ltd.
9.45%
Itaú Unibanco Holding SA
7.65%
Petróleo Brasileiro SA
7.01%
Petróleo Brasileiro SA
6.62%
Banco Bradesco SA
3.61%
B3 SA-Brasil, Bolsa, Balcão
3.35%
WEG SA
3.30%
AXIA Energia SA
3.20%
Ambev SA
2.81%
Embraer SA
2.62%
Banco BTG Pactual SA
2.60%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.47%
Itausa SA
2.38%
PRIO SA
2.07%
ILF
Nu Holdings Ltd.
8.63%
Vale SA
8.18%
Grupo México S.A.B. de C.V.
6.63%
Itaú Unibanco Holding SA
6.36%
Petróleo Brasileiro SA
5.93%
Petróleo Brasileiro SA
5.56%
Grupo Financiero Banorte SAB de CV
4.22%
Credicorp Ltd.
3.85%
America Movil SAB de CV
3.21%
Fomento Economico Mexicano SAB de CV
3.11%
Southern Copper Corp.
2.73%
Banco Bradesco SA
2.68%
CEMEX SAB de CV
2.52%
B3 SA-Brasil, Bolsa, Balcão
2.44%
Itausa SA
2.27%
Frequently asked questions about EWZ and ILF
How have the EWZ and ILF ETFs performed in 2026?
As of October 26, 2026, EWZ is up 8.88% year-to-date (YTD), while ILF has returned 11.14%. That puts ILF better performer ahead so far this year.
Which ETF is attracting more investor money: EWZ or ILF?
Year-to-date, the EWZ ETF saw +$5.24B in flows, compared to +$874M for ILF.
Which ETF is more volatile: EWZ or ILF?
Over the past year, EWZ had a volatility of 33.77%, while ILF experienced 26.1%.
Which ETF is bigger: EWZ or ILF?
As of October 26, 2026, EWZ holds $11.29 B in assets under management (AUM), while ILF manages $3.52 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 Grupo México S.A.B. de C.V..
Which ETF is more diversified: EWZ or ILF?
EWZ holds 46 securities with 69.27% of its assets in the top 15. ILF has 42 securities and a top 15 weight of 68.33%.
Latest news about EWZ & ILF
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
EWZ
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
EWZ
Tony's ETF Buyer's Guide: Latin America ETFs
June 18, 2024
EWZ
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