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 Finance, Energy and Non-Energy Materials. In contrast, EWZS's top sector exposures are Finance, Utilities and Consumer Non-Cyclicals. FLBR is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZS. FLBR is up 10.61% year-to-date (YTD) with +$321M in YTD flows. EWZS performs worse with -13.94% YTD performance, and +$297M 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 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLBR EWZS | -8.19%-13.58% | -6.32%-15.37% | +10.61%-13.94% | +18.03%-15.31% | +43.43%+1.55% | +72.85%-3.70% |
| Flows | FLBR EWZS | +$971K+$212M | +$68M+$220M | +$321M+$297M | +$335M+$280M | +$428M+$263M | +$403M+$405M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLBR EWZS | +51.22%+73.64% | +33.77%+46.25% | +25.88%+34.99% | +27.23%+35.38% |
| Max drawdown | FLBR EWZS | -23.00%-34.65% | -23.00%-34.65% | -28.98%-37.10% | -32.23%-42.71% |
| Max drawdown duration | FLBR EWZS | 17d17d | 17d17d | 674d707d | 605d1394d |
Trading data
FLBR | EWZS | |
Last sale 10/29/2026 at 6:03 PM | $20.59 | $10.70 |
| Previous close 10/28/2026 | $21.07 | $11.01 |
| Consolidated volume 10/28/2026 | ||
| 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 | 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 10/29/2026 at 6:03 PM
Live
Closed
FLBR | EWZS | |
|---|---|---|
| Last price | $20.59 | $10.70 |
| 1D performance | -2.30% | -2.82% |
| AuM | $570.65 M | $340.40 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 | 60 | 66 |
| 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%
Other
-0%
EWZS
Brazil
96.27%
Other
3.73%
Sectors
FLBR
Finance
29.3%
Energy
17.89%
Non-Energy Materi.
15.81%
Utilities
14.62%
Industrials
8.04%
Other
14.34%
EWZS
Finance
28.51%
Utilities
14.88%
Consumer Non-Cycl.
14.48%
Non-Energy Materi.
10.27%
Other
31.86%
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Diversification
FLBR
Total weight of top 15 holdings out of 15
68.28%
EWZS
Total weight of top 15 holdings out of 15
48.42%
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%
EWZS
TOTVS SA
6.22%
Companhia de Saneamento de Minas Gerais
4.56%
Sendas Distribuidora SA
3.82%
Lojas Renner SA
3.58%
Allos SA
3.49%
StoneCo Ltd.
3.22%
Multiplan Empreendimentos Imobiliários SA (Rio de Janeiro)
3.11%
Metalúrgica Gerdau SA
2.91%
Isa Energia Brasil SA
2.80%
Smartfit Escola de Ginástica e Dança SA
2.77%
Natura Cosméticos SA
2.61%
Transmissora Aliança de Energia Elétrica SA
2.42%
Cosan SA
2.33%
Hypera SA
2.30%
Inter & Co., Inc.
2.29%
Frequently asked questions about FLBR and EWZS
How have the FLBR and EWZS ETFs performed in 2026?
As of October 28, 2026, FLBR is up 10.61% year-to-date (YTD), while EWZS has lost -13.94%. 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 +$321M in flows, compared to +$297M for EWZS.
Which ETF is more volatile: FLBR or EWZS?
Over the past year, FLBR had a volatility of 33.77%, while EWZS experienced 46.25%.
Which ETF is bigger: FLBR or EWZS?
As of October 28, 2026, FLBR holds $570.65 M in assets under management (AUM), while EWZS manages $340.40 M.
What sectors do the FLBR and EWZS ETFs invest in?
FLBR leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, EWZS focuses on Finance, Utilities and Consumer Non-Cyclicals.
What are the top holdings of the FLBR ETF and EWZS ETF?
FLBR top holdings include Vale SA, Itaú Unibanco Holding SA and Petróleo Brasileiro SA. EWZS holds in its top three: TOTVS SA, Companhia de Saneamento de Minas Gerais and Sendas Distribuidora SA.
Which ETF is more diversified: FLBR or EWZS?
FLBR holds 66 securities with 68.28% of its assets in the top 15. EWZS has 69 securities and a top 15 weight of 48.42%.
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Latest news about FLBR & EWZS
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
FLBR
Tony's ETF Buyer's Guide: Latin America ETFs
June 18, 2024
FLBR
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