FLMXvsEWZETF Comparison
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Franklin FTSE Mexico ETF (FLMX) and iShares MSCI Brazil ETF (EWZ) belong to the same industry segment: LatAm Blended Cap. FLMX's top 3 sector exposures are Consumer Non-Cyclicals, Finance and Non-Energy Materials. In contrast, EWZ's top sector exposures are Finance, Energy and Non-Energy Materials. FLMX is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZ. FLMX is up 8.5% year-to-date (YTD) with +$11M in YTD flows. EWZ performs better with 18.85% YTD performance, and +$1.01B in YTD flows. Run a side-by-side ETF comparison of FLMX 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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FLMX vs EWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMX EWZ | -1.02%+10.28% | -5.17%+8.73% | +8.50%+18.85% | +14.17%+27.96% | +35.92%+38.54% | +72.31%+62.59% |
| Flows | FLMX EWZ | --$382M | --$1.27B | +$11M+$1.01B | +$8M+$1.79B | +$47M+$2.25B | +$64M+$3.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMX EWZ | +16.12%+21.72% | +21.10%+24.40% | +22.33%+23.27% | +21.33%+26.93% |
| Max drawdown | FLMX EWZ | -5.63%-7.95% | -13.44%-19.01% | -31.44%-31.40% | -31.44%-32.10% |
| Max drawdown duration | FLMX EWZ | 92d41d | 199d155d | 525d680d | 525d605d |
Trading data
FLMX | EWZ | |
Last sale 9/17/2026 at 1:30 PM | $36.12 | $37.74 |
| Previous close 09/16/2026 | $35.58 | $37.48 |
| Consolidated volume 09/16/2026 | ||
| 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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FLMX | 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 9/17/2026 at 1:30 PM
Live
Closed
FLMX | EWZ | |
|---|---|---|
| Last price | $36.12 | $37.74 |
| 1D performance | +1.51% | +0.69% |
| AuM | $82.83 M | $8.59 B |
| E/R | 0.19% | 0.59% |
Characteristics
FLMX | EWZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | FTSE Mexico RIC Capped Index | MSCI Brazil 25/50 Index |
| N° of holdings | 34 | 43 |
| 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
FLMX
Mexico
100%
Other
0%
EWZ
Brazil
96.76%
Other
3.24%
Sectors
FLMX
Consumer Non-Cycl.
27.34%
Finance
26%
Non-Energy Materi.
25.61%
Industrials
11.37%
Telecommunication.
9.06%
Other
0.61%
EWZ
Finance
36.47%
Energy
15.27%
Non-Energy Materi.
13.62%
Utilities
13.23%
Industrials
7.02%
Other
14.39%
Diversification
FLMX
Total weight of top 15 holdings out of 15
77.31%
EWZ
Total weight of top 15 holdings out of 15
69.74%
Top 15 holdings
Data as of July 31, 2026
FLMX
Grupo México S.A.B. de C.V.
12.54%
Grupo Financiero Banorte SAB de CV
12.14%
Fomento Economico Mexicano SAB de CV
8.70%
America Movil SAB de CV
7.51%
CEMEX SAB de CV
7.18%
Wal-Mart de México SAB de CV
4.19%
Arca Continental SAB de CV
3.57%
Industrias Peñoles SAB de CV
3.37%
Grupo Aeroportuario del Pacífico SAB de CV
3.29%
Coca-Cola FEMSA SAB de CV
2.70%
Fibra Uno Administración SA de CV
2.64%
FIBRA Prologis
2.58%
Grupo Carso SAB de CV
2.37%
Grupo Aeroportuario del Sureste SA de CV
2.28%
Grupo Financiero Inbursa SAB de CV
2.26%
EWZ
Vale SA
10.01%
Nu Holdings Ltd.
9.32%
Itaú Unibanco Holding SA
8.39%
Petróleo Brasileiro SA
6.75%
Petróleo Brasileiro SA
6.51%
Banco Bradesco SA
3.68%
B3 SA-Brasil, Bolsa, Balcão
3.27%
AXIA Energia SA
3.25%
WEG SA
3.12%
Ambev SA
3.02%
Banco BTG Pactual SA
2.72%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
2.71%
Itausa SA
2.54%
Embraer SA
2.44%
PRIO SA
2.01%
Frequently asked questions about FLMX and EWZ
How have the FLMX and EWZ ETFs performed in 2026?
As of September 16, 2026, FLMX is up 8.5% year-to-date (YTD), while EWZ has returned 18.85%. That puts EWZ better performer ahead so far this year.
Which ETF is attracting more investor money: FLMX or EWZ?
Year-to-date, the FLMX ETF saw +$11M in flows, compared to +$1.01B for EWZ.
Which ETF is more volatile: FLMX or EWZ?
Over the past year, FLMX had a volatility of 21.1%, while EWZ experienced 24.4%.
Which ETF is bigger: FLMX or EWZ?
As of September 16, 2026, FLMX holds $82.83 M in assets under management (AUM), while EWZ manages $8.59 B.
What sectors do the FLMX and EWZ ETFs invest in?
FLMX leans toward sectors like Consumer Non-Cyclicals, Finance and Non-Energy Materials. Meanwhile, EWZ focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the FLMX ETF and EWZ ETF?
FLMX top holdings include Grupo México S.A.B. de C.V., Grupo Financiero Banorte SAB de CV and Fomento Economico Mexicano SAB de CV. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.
Which ETF is more diversified: FLMX or EWZ?
FLMX holds 34 securities with 77.31% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.74%.
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Latest news about FLMX & EWZ
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