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EWZSvsILFETF Comparison

ETF 1

EWZS

iShares MSCI Brazil Small-Cap ETF

This fund is part of

LatAm Blended Cap

+0%

Full EWZS fund page

VS

ETF 2

ILF

iShares Latin America 40 ETF

This fund is part of

LatAm Blended Cap

+0%

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 Consumer Discretionary, Materials and Utilities. In contrast, ILF's top sector exposures are Financials, Materials and Consumer Staples. EWZS is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.47% for ILF. EWZS is up 13.77% year-to-date (YTD) with +$150M in YTD flows. ILF performs better with 16.69% YTD performance, and +$1.37B 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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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 04/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWZS ILF	-3.75%-1.82%	+13.42%+15.74%	+13.77%+16.69%	+39.76%+55.91%	+43.30%+75.89%	+13.53%+82.91%
Flows	EWZS ILF	-$10M+$27M	+$150M+$1.37B	+$150M+$1.37B	+$167M+$2.07B	+$252M+$2.50B	+$249M+$1.97B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWZS ILF	+37.00%+29.86%	+30.21%+23.12%	+28.71%+20.60%	+32.34%+23.02%
Max drawdown	EWZS ILF	-16.94%-12.45%	-16.94%-12.45%	-37.52%-23.91%	-48.71%-29.63%
Max drawdown duration	EWZS ILF	35d36d	35d36d	856d608d	1743d435d

Trading data

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	EWZS	ILF
Last sale 4/2/2026 at 1:30 PM	$14.79	$35.62
Previous close 04/02/2026	$14.86	$35.68
Consolidated volume 04/02/2026
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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	EWZS	ILF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/2/2026 at 1:30 PM

Live

Closed

	EWZS	ILF
Last price	$14.79	$35.62
1D performance	-0.47%	-0.17%
AuM	$335.46 M	$4.32 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	65	27
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

85.1%

Cayman Islands

8.19%

Other

6.72%

ILF

USA

41.58%

Mexico

24.28%

Brazil

16.22%

Cayman Islands

8.5%

Other

9.41%

Sectors

EWZS

Consumer Discreti.

22.21%

Materials

15.29%

Utilities

11.53%

Industrials

8.46%

Consumer Staples

8.22%

Financials

7.77%

Other

26.53%

ILF

Financials

25.06%

Materials

11.25%

Consumer Staples

7.45%

Other

56.24%

Diversification

EWZS

Total weight of top 15 holdings out of 15

45.47%

ILF

Total weight of top 15 holdings out of 15

68.23%

Top 15 holdings

Data as of February 28, 2026

EWZS

LOJAS RENNER

4.67%

AURA MINERALS

4.45%

SENDAS DISTRIBUIDORA SA

3.70%

MULTIPLAN EMPREENDIMENTOS IMOB

3.45%

BRALOSACNOR5

3.35%

INTER AND CO

3.20%

CIA SANEAMENTO MINAS GERAIS

3.06%

PAGSEGURO DIGITAL LTD

2.63%

BRNATUACNOR6

2.48%

COSAN

2.47%

GPS PARTICIPACOES E EMPREENDIMENTOS

2.47%

CYRELA BRAZIL REALTY

2.45%

SMARTFIT ESCOLA DE GINASTICA E DANCA

2.41%

TRANSMISSORA ALIANCA UNT

2.39%

MET GERDAU PRF

2.29%

ILF

US91912E1055

9.17%

NU HOLDINGS

8.50%

US4655621062

7.51%

GRUPO MEXICO

5.78%

US71654V1017

5.02%

US71654V4086

4.56%

GRUPO FINANCE BANORTE

4.12%

CREDICORP

3.56%

MX01AM050019

3.38%

US0594603039

3.16%

CEMEX

2.85%

FOMENTO ECONOMICO MEXICANO

2.84%

BM&F BOVESPA BOLSA DE VALORES

2.71%

SOUTHERN COPPER CORPORATION

2.62%

ITAUSA INVESTIMENTOS ITAU PRF

2.45%

Frequently asked questions about EWZS and ILF

How have the EWZS and ILF ETFs performed in 2026?

As of April 2, 2026, EWZS is up 13.77% year-to-date (YTD), while ILF has returned 16.69%. 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 +$150M in flows, compared to +$1.37B for ILF.

Which ETF is more volatile: EWZS or ILF?

Over the past year, EWZS had a volatility of 30.21%, while ILF experienced 23.12%.

Which ETF is bigger: EWZS or ILF?

As of April 2, 2026, EWZS holds $335.46 M in assets under management (AUM), while ILF manages $4.32 B.

What sectors do the EWZS and ILF ETFs invest in?

EWZS leans toward sectors like Consumer Discretionary, Materials and Utilities. Meanwhile, ILF focuses on Financials, Materials and Consumer Staples.

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

EWZS top holdings include LOJAS RENNER, AURA MINERALS and SENDAS DISTRIBUIDORA SA. ILF holds in its top three: US91912E1055, NU HOLDINGS and US4655621062.

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 April 2, 2026, EWZS is up 13.77% year-to-date (YTD), while ILF has returned 16.69%. 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 +$150M in flows, compared to +$1.37B for ILF.

Which ETF is more volatile: EWZS or ILF?

Over the past year, EWZS had a volatility of 30.21%, while ILF experienced 23.12%.

Which ETF is bigger: EWZS or ILF?

As of April 2, 2026, EWZS holds $335.46 M in assets under management (AUM), while ILF manages $4.32 B.

What sectors do the EWZS and ILF ETFs invest in?

EWZS leans toward sectors like Consumer Discretionary, Materials and Utilities. Meanwhile, ILF focuses on Financials, Materials and Consumer Staples.

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

EWZS top holdings include LOJAS RENNER, AURA MINERALS and SENDAS DISTRIBUIDORA SA. ILF holds in its top three: US91912E1055, NU HOLDINGS and US4655621062.

Which ETF is more diversified: EWZS or ILF?

EWZS holds 70 securities with 45.47% of its assets in the top 15. ILF has 43 securities and a top 15 weight of 68.23%.

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