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EWZSvsILFETF Comparison

ETF 1

EWZS

iShares MSCI Brazil Small-Cap ETF

This fund is part of

LatAm Blended Cap

+0.85%

Full EWZS fund page

VS

ETF 2

ILF

iShares Latin America 40 ETF

This fund is part of

LatAm Blended Cap

+0.85%

Full ILF fund page

iShares MSCI Brazil Small-Cap ETF (EWZS) and iShares Latin America 40 ETF (ILF) belong to the same industry segment: LatAm Blended Cap. EWZS's top 3 sector exposures are Finance, Utilities and Consumer Non-Cyclicals. In contrast, ILF's top sector exposures are Finance, Non-Energy Materials and Energy. EWZS is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.47% for ILF. EWZS is up 0.45% year-to-date (YTD) with +$69M in YTD flows. ILF performs better with 16.51% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of EWZS 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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EWZS vs ILF performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWZS ILF	-2.49%-0.18%	-6.89%+2.10%	+0.45%+16.51%	+2.25%+34.94%	+1.65%+54.86%	-10.07%+70.40%
Flows	EWZS ILF	-$2M+$67M	-$11M-$532M	+$69M+$1.06B	+$62M+$1.55B	+$49M+$1.82B	+$176M+$2.09B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWZS ILF	+26.88%+19.35%	+29.76%+21.67%	+28.77%+20.52%	+32.35%+22.85%
Max drawdown	EWZS ILF	-16.08%-5.92%	-26.15%-13.57%	-37.10%-23.91%	-42.71%-29.63%
Max drawdown duration	EWZS ILF	91d41d	140d140d	707d608d	1394d435d

Trading data

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	EWZS	ILF
Last sale 9/2/2026 at 1:30 PM	$13.52	$36.22
Previous close 09/01/2026	$13.00	$35.06
Consolidated volume 09/01/2026
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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	EWZS	ILF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	EWZS	ILF
Last price	$13.52	$36.22
1D performance	+4.00%	+3.31%
AuM	$220.67 M	$3.88 B
E/R	0.59%	0.47%

Characteristics

	EWZS	ILF
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Brazil Small Cap Index	S&P Latin America 40 Index
N° of holdings	70	41
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 28, 2010	October 25, 2001
ESG	No	No

More EWZS data on Trackinsight

More ILF data on Trackinsight

Exposure

Countries

EWZS

Brazil

97.43%

Other

2.57%

ILF

Brazil

55.7%

Mexico

26.13%

Other

18.17%

Sectors

EWZS

Finance

26.28%

Utilities

16.11%

Consumer Non-Cycl.

15.5%

Non-Energy Materi.

10.33%

Other

31.78%

ILF

Finance

38.1%

Non-Energy Materi.

21.43%

Energy

12.13%

Consumer Non-Cycl.

10.23%

Other

18.1%

Diversification

EWZS

Total weight of top 15 holdings out of 15

48.85%

ILF

Total weight of top 15 holdings out of 15

68.41%

Top 15 holdings

Data as of July 31, 2026

EWZS

TOTVS SA

5.53%

Companhia de Saneamento de Minas Gerais

5.32%

Lojas Renner SA

4.50%

Sendas Distribuidora SA

3.86%

Allos SA

3.60%

Multiplan Empreendimentos Imobiliários SA (Rio de Janeiro)

3.19%

Metalúrgica Gerdau SA

3.11%

Smartfit Escola de Ginástica e Dança SA

2.71%

Transmissora Aliança de Energia Elétrica SA

2.53%

Natura Cosméticos SA

2.52%

PagSeguro Digital Ltd.

2.52%

Cosan SA

2.41%

Brava Energia SA

2.41%

Inter & Co., Inc.

2.34%

Hypera SA

2.32%

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 EWZS and ILF

How have the EWZS and ILF ETFs performed in 2026?

As of September 1, 2026, EWZS is up 0.45% year-to-date (YTD), while ILF has returned 16.51%. That puts ILF better performer ahead so far this year.

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

Year-to-date, the EWZS ETF saw +$69M in flows, compared to +$1.06B for ILF.

Which ETF is more volatile: EWZS or ILF?

Over the past year, EWZS had a volatility of 29.76%, while ILF experienced 21.67%.

Which ETF is bigger: EWZS or ILF?

As of September 1, 2026, EWZS holds $220.67 M in assets under management (AUM), while ILF manages $3.88 B.

What sectors do the EWZS and ILF ETFs invest in?

EWZS leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, ILF focuses on Finance, Non-Energy Materials and Energy.

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

EWZS top holdings include TOTVS SA, Companhia de Saneamento de Minas Gerais and Lojas Renner SA. ILF holds in its top three: Nu Holdings Ltd., Vale SA and Itaú Unibanco Holding SA.

EWZSvsILFETF Comparison

iShares MSCI Brazil Small-Cap ETF

iShares Latin America 40 ETF

EWZS 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 EWZS and ILF ETFs performed in 2026?

As of September 1, 2026, EWZS is up 0.45% year-to-date (YTD), while ILF has returned 16.51%. That puts ILF better performer ahead so far this year.

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

Year-to-date, the EWZS ETF saw +$69M in flows, compared to +$1.06B for ILF.

Which ETF is more volatile: EWZS or ILF?

Over the past year, EWZS had a volatility of 29.76%, while ILF experienced 21.67%.

Which ETF is bigger: EWZS or ILF?

As of September 1, 2026, EWZS holds $220.67 M in assets under management (AUM), while ILF manages $3.88 B.

What sectors do the EWZS and ILF ETFs invest in?

EWZS leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, ILF focuses on Finance, Non-Energy Materials and Energy.

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

EWZS top holdings include TOTVS SA, Companhia de Saneamento de Minas Gerais and Lojas Renner SA. ILF holds in its top three: Nu Holdings Ltd., Vale SA and Itaú Unibanco Holding SA.

Which ETF is more diversified: EWZS or ILF?

EWZS holds 72 securities with 48.85% of its assets in the top 15. ILF has 42 securities and a top 15 weight of 68.41%.

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