FLBRvsEWZETF Comparison
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Franklin FTSE Brazil ETF (FLBR) and iShares MSCI Brazil ETF (EWZ) belong to the same industry segment: LatAm Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Energy and Non-Energy Materials. FLBR is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZ. FLBR is up 14.22% year-to-date (YTD) with +$307M in YTD flows. EWZ performs worse with 9.33% YTD performance, and +$5.08B in YTD flows. Run a side-by-side ETF comparison of FLBR and EWZ 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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FLBR vs EWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLBR EWZ | -5.20%-4.69% | -2.88%-3.84% | +14.22%+9.33% | +22.66%+17.20% | +44.51%+37.13% | +76.49%+67.28% |
| Flows | FLBR EWZ | -$14M+$3.95B | +$54M+$3.26B | +$307M+$5.08B | +$323M+$5.59B | +$413M+$6.34B | +$388M+$6.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLBR EWZ | +50.84%+50.28% | +33.62%+33.70% | +25.85%+26.70% | +27.20%+28.50% |
| Max drawdown | FLBR EWZ | -21.50%-21.17% | -21.50%-21.17% | -28.98%-31.40% | -32.23%-32.10% |
| Max drawdown duration | FLBR EWZ | 16d15d | 16d15d | 674d680d | 605d605d |
Trading data
FLBR | EWZ | |
Last sale 10/28/2026 at 2:09 PM | $21.25 | $33.82 |
| Previous close 10/27/2026 | $21.56 | $34.30 |
| Consolidated volume 10/27/2026 | ||
| 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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FLBR | EWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 2:09 PM
Live
Closed
FLBR | EWZ | |
|---|---|---|
| Last price | $21.25 | $33.82 |
| 1D performance | -1.44% | -1.40% |
| AuM | $574.13 M | $11.18 B |
| E/R | 0.19% | 0.59% |
Characteristics
FLBR | EWZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | FTSE Brazil RIC Capped Index | MSCI Brazil 25/50 Index |
| N° of holdings | 60 | 42 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 3, 2017 | July 10, 2000 |
| ESG | No | No |
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Exposure
Countries
FLBR
Brazil
100%
Other
-0%
EWZ
Brazil
95.66%
Other
4.34%
Sectors
FLBR
Finance
29.3%
Energy
17.89%
Non-Energy Materi.
15.81%
Utilities
14.62%
Industrials
8.04%
Other
14.34%
EWZ
Finance
35.25%
Energy
15.71%
Non-Energy Materi.
13.96%
Utilities
12.78%
Industrials
7.43%
Other
14.87%
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Diversification
FLBR
Total weight of top 15 holdings out of 15
68.28%
EWZ
Total weight of top 15 holdings out of 15
69.27%
Top 15 holdings
Data as of August 31, 2026
FLBR
Vale SA
11.91%
Itaú Unibanco Holding SA
9.24%
Petróleo Brasileiro SA
8.17%
Petróleo Brasileiro SA
7.35%
Banco Bradesco SA
4.01%
B3 SA-Brasil, Bolsa, Balcão
3.45%
Itausa SA
3.24%
WEG SA
3.24%
AXIA Energia SA
3.04%
Ambev SA
2.83%
Embraer SA
2.81%
Banco BTG Pactual SA
2.74%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.52%
PRIO SA
2.09%
Equatorial SA
1.63%
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%
Frequently asked questions about FLBR and EWZ
How have the FLBR and EWZ ETFs performed in 2026?
As of October 27, 2026, FLBR is up 14.22% year-to-date (YTD), while EWZ has returned 9.33%. That puts FLBR better performer ahead so far this year.
Which ETF is attracting more investor money: FLBR or EWZ?
Year-to-date, the FLBR ETF saw +$307M in flows, compared to +$5.08B for EWZ.
Which ETF is more volatile: FLBR or EWZ?
Over the past year, FLBR had a volatility of 33.62%, while EWZ experienced 33.7%.
Which ETF is bigger: FLBR or EWZ?
As of October 27, 2026, FLBR holds $574.13 M in assets under management (AUM), while EWZ manages $11.18 B.
What sectors do the FLBR and EWZ ETFs invest in?
FLBR leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, EWZ focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the FLBR ETF and EWZ ETF?
FLBR top holdings include Vale SA, Itaú Unibanco Holding SA and Petróleo Brasileiro SA. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.
Which ETF is more diversified: FLBR or EWZ?
FLBR holds 66 securities with 68.28% of its assets in the top 15. EWZ has 46 securities and a top 15 weight of 69.27%.
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Latest news about FLBR & EWZ
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
FLBR
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
FLBR
EWZ
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