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, Non-Energy Materials and Finance. In contrast, EWZ's top sector exposures are Finance, Non-Energy Materials and Utilities. FLMX is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZ. FLMX is up 12.4% year-to-date (YTD) with +$11M in YTD flows. EWZ performs better with 16.12% YTD performance, and +$1.82B 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 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMX EWZ | +1.62%+7.13% | +1.45%-6.27% | +12.40%+16.12% | +31.56%+43.76% | +30.10%+28.96% | +83.38%+43.01% |
| Flows | FLMX EWZ | --$340M | -$4M-$1.36B | +$11M+$1.82B | +$8M+$2.55B | +$42M+$3.11B | +$65M+$3.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMX EWZ | +20.37%+23.19% | +21.34%+24.14% | +22.56%+23.31% | +21.35%+27.19% |
| Max drawdown | FLMX EWZ | -7.07%-15.28% | -13.44%-19.01% | -31.44%-31.40% | -31.44%-32.10% |
| Max drawdown duration | FLMX EWZ | 81d86d | 152d108d | 525d680d | 525d605d |
Trading data
FLMX | EWZ | |
Last sale 8/3/2026 at 3:17 PM | $37.34 | $36.39 |
| Previous close 07/31/2026 | $37.54 | $36.65 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 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 8/3/2026 at 3:17 PM
Live
Closed
FLMX | EWZ | |
|---|---|---|
| Last price | $37.34 | $36.39 |
| 1D performance | -0.53% | -0.71% |
| AuM | $85.81 M | $9.27 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%
EWZ
Brazil
96.83%
Other
3.17%
Sectors
FLMX
Consumer Non-Cycl.
27.6%
Non-Energy Materi.
25.19%
Finance
24.9%
Industrials
12.31%
Telecommunication.
9.34%
Other
0.66%
EWZ
Finance
36.49%
Non-Energy Materi.
14.07%
Utilities
14%
Energy
13.84%
Industrials
7.12%
Other
14.48%
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Diversification
FLMX
Total weight of top 15 holdings out of 15
77.32%
EWZ
Total weight of top 15 holdings out of 15
69.94%
Top 15 holdings
Data as of June 30, 2026
FLMX
Grupo México S.A.B. de C.V.
12.14%
Grupo Financiero Banorte SAB de CV
11.36%
Fomento Economico Mexicano SAB de CV
8.53%
America Movil SAB de CV
7.83%
CEMEX SAB de CV
7.30%
Wal-Mart de México SAB de CV
4.44%
Grupo Aeroportuario del Pacífico SAB de CV
3.89%
Arca Continental SAB de CV
3.82%
Industrias Peñoles SAB de CV
3.26%
Coca-Cola FEMSA SAB de CV
2.69%
Grupo Aeroportuario del Sureste SA de CV
2.63%
FIBRA Prologis
2.54%
Fibra Uno Administración SA de CV
2.53%
Grupo Carso SAB de CV
2.20%
Grupo Financiero Inbursa SAB de CV
2.15%
EWZ
Vale SA
10.66%
Nu Holdings Ltd.
9.12%
Itaú Unibanco Holding SA
8.61%
Petróleo Brasileiro SA
6.19%
Petróleo Brasileiro SA
5.83%
Banco Bradesco SA
3.76%
AXIA Energia SA
3.47%
WEG SA
3.25%
Ambev SA
3.20%
B3 SA-Brasil, Bolsa, Balcão
3.16%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
3.05%
Banco BTG Pactual SA
2.70%
Itausa SA
2.56%
Embraer SA
2.41%
Equatorial SA
1.97%
Frequently asked questions about FLMX and EWZ
How have the FLMX and EWZ ETFs performed in 2026?
As of July 31, 2026, FLMX is up 12.4% year-to-date (YTD), while EWZ has returned 16.12%. 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 +$1.82B for EWZ.
Which ETF is more volatile: FLMX or EWZ?
Over the past year, FLMX had a volatility of 21.34%, while EWZ experienced 24.14%.
Which ETF is bigger: FLMX or EWZ?
As of July 31, 2026, FLMX holds $85.81 M in assets under management (AUM), while EWZ manages $9.27 B.
What sectors do the FLMX and EWZ ETFs invest in?
FLMX leans toward sectors like Consumer Non-Cyclicals, Non-Energy Materials and Finance. Meanwhile, EWZ focuses on Finance, Non-Energy Materials and Utilities.
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 77.32% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.94%.
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Latest news about FLMX & EWZ
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