FLBRvsEWZSETF Comparison
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Franklin FTSE Brazil ETF (FLBR) and iShares MSCI Brazil Small-Cap ETF (EWZS) belong to the same industry segment: LatAm Blended Cap. FLBR's top 3 sector exposures are Financials, Energy and Materials. In contrast, EWZS's top sector exposures are Consumer Discretionary, Materials and Utilities. FLBR is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZS. FLBR is up 30.52% year-to-date (YTD) with +$270M in YTD flows. EWZS performs worse with 16.43% YTD performance, and +$138M in YTD flows. Run a side-by-side ETF comparison of FLBR and EWZS 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 EWZS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLBR EWZS | +9.47%+9.85% | +9.78%-0.97% | +30.52%+16.43% | +58.93%+30.73% | +84.74%+42.15% | +75.04%+7.18% |
| Flows | FLBR EWZS | +$99M-$11M | +$261M+$113M | +$270M+$138M | +$318M+$173M | +$233M+$242M | +$476M+$241M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLBR EWZS | +28.99%+36.24% | +22.89%+28.39% | +22.30%+28.55% | +25.87%+32.41% |
| Max drawdown | FLBR EWZS | -9.84%-16.94% | -9.84%-16.94% | -28.98%-37.52% | -32.23%-48.71% |
| Max drawdown duration | FLBR EWZS | 42d43d | 42d43d | 674d856d | 605d1768d |
Trading data
FLBR | EWZS | |
Last sale 4/27/2026 at 1:30 PM | $24.90 | $15.18 |
| Previous close 04/27/2026 | $25.00 | $15.34 |
| Consolidated volume 04/27/2026 | ||
| 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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FLBR | EWZS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
FLBR | EWZS | |
|---|---|---|
| Last price | $24.90 | $15.18 |
| 1D performance | -0.40% | -1.04% |
| AuM | $624.10 M | $332.71 M |
| E/R | 0.19% | 0.59% |
Characteristics
FLBR | EWZS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | FTSE Brazil RIC Capped Index | MSCI Brazil Small Cap Index |
| N° of holdings | 58 | 67 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 3, 2017 | September 28, 2010 |
| ESG | No | No |
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Exposure
Countries
FLBR
Brazil
100%
EWZS
Brazil
85.19%
Cayman Islands
8.22%
Other
6.59%
Sectors
FLBR
Financials
28.18%
Energy
20.05%
Materials
14.83%
Utilities
10.73%
Other
26.2%
EWZS
Consumer Discreti.
20.8%
Materials
14.95%
Utilities
12.02%
Consumer Staples
8.55%
Industrials
7.96%
Financials
7.46%
Other
28.26%
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Diversification
FLBR
Total weight of top 15 holdings out of 15
67.49%
EWZS
Total weight of top 15 holdings out of 15
45.11%
Top 15 holdings
Data as of March 31, 2026
FLBR
VALE SA
11.33%
ITAU UNIBANCO HOLDING PRF
9.18%
PETROLEO BRASILEIRO PRF
8.72%
PETROLEO BRASILEIRO PETROBRAS
7.89%
BANCO BRADESCO PRF
3.89%
BM&F BOVESPA BOLSA DE VALORES
3.75%
ITAUSA INVESTIMENTOS ITAU PRF
3.17%
COMPANHIA DE SANEAMENTO BASICO
2.84%
WEG ON
2.81%
BANCO BTG PACTUAL SA
2.70%
BRAXIAACNOR0
2.64%
AMBEV SA
2.61%
PETRO RIO
2.21%
BREMBJACNOR1
2.03%
EQUATORIAL ENERGIA
1.72%
EWZS
LOJAS RENNER
4.59%
AURA MINERALS
4.34%
SENDAS DISTRIBUIDORA SA
3.91%
CIA SANEAMENTO MINAS GERAIS
3.35%
BRALOSACNOR5
3.27%
MULTIPLAN EMPREENDIMENTOS IMOB
3.24%
INTER AND CO
3.07%
BRNATUACNOR6
2.84%
PAGSEGURO DIGITAL LTD
2.66%
TRANSMISSORA ALIANCA UNT
2.46%
SMARTFIT ESCOLA DE GINASTICA E DANCA
2.34%
BRBRAVACNOR3
2.33%
GPS PARTICIPACOES E EMPREENDIMENTOS
2.29%
CYRELA BRAZIL REALTY
2.24%
MET GERDAU PRF
2.18%
Frequently asked questions about FLBR and EWZS
How have the FLBR and EWZS ETFs performed in 2026?
As of April 27, 2026, FLBR is up 30.52% year-to-date (YTD), while EWZS has returned 16.43%. That puts FLBR better performer ahead so far this year.
Which ETF is attracting more investor money: FLBR or EWZS?
Year-to-date, the FLBR ETF saw +$270M in flows, compared to +$138M for EWZS.
Which ETF is more volatile: FLBR or EWZS?
Over the past year, FLBR had a volatility of 22.89%, while EWZS experienced 28.39%.
Which ETF is bigger: FLBR or EWZS?
As of April 27, 2026, FLBR holds $624.10 M in assets under management (AUM), while EWZS manages $332.71 M.
What sectors do the FLBR and EWZS ETFs invest in?
FLBR leans toward sectors like Financials, Energy and Materials. Meanwhile, EWZS focuses on Consumer Discretionary, Materials and Utilities.
What are the top holdings of the FLBR ETF and EWZS ETF?
FLBR top holdings include VALE SA, ITAU UNIBANCO HOLDING PRF and PETROLEO BRASILEIRO PRF. EWZS holds in its top three: LOJAS RENNER, AURA MINERALS and SENDAS DISTRIBUIDORA SA.
Which ETF is more diversified: FLBR or EWZS?
FLBR holds 68 securities with 67.49% of its assets in the top 15. EWZS has 74 securities and a top 15 weight of 45.11%.
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Latest news about FLBR & EWZS
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