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 Staples, Materials and Financials. In contrast, EWZ's top sector exposures are Financials, Energy and Materials. FLMX is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZ. FLMX is up 12.97% year-to-date (YTD) with +$15M in YTD flows. EWZ performs better with 25.5% YTD performance, and +$3.18B 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMX EWZ | +8.11%+8.84% | +1.11%+9.25% | +12.97%+25.50% | +40.39%+57.60% | +42.40%+72.58% | +92.74%+66.19% |
| Flows | FLMX EWZ | -+$1.53B | +$12M+$2.43B | +$15M+$3.18B | +$21M+$5.54B | +$57M+$4.66B | +$73M+$4.13B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMX EWZ | +29.99%+29.81% | +20.24%+23.15% | +22.29%+23.39% | +21.22%+27.46% |
| Max drawdown | FLMX EWZ | -13.44%-11.10% | -13.44%-11.10% | -31.44%-31.40% | -31.44%-32.10% |
| Max drawdown duration | FLMX EWZ | 54d42d | 54d42d | 525d680d | 525d605d |
Trading data
FLMX | EWZ | |
Last sale 4/27/2026 at 1:30 PM | $37.56 | $39.89 |
| Previous close 04/24/2026 | $38.15 | $39.94 |
| Consolidated volume 04/24/2026 | ||
| 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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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 4/27/2026 at 1:30 PM
Live
Closed
FLMX | EWZ | |
|---|---|---|
| Last price | $37.56 | $39.89 |
| 1D performance | -1.55% | -0.13% |
| AuM | $91.75 M | $11.65 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 | 40 |
| 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
86.86%
Cayman Islands
10.7%
Other
2.44%
Sectors
FLMX
Consumer Staples
27.2%
Materials
21.82%
Financials
20.1%
Industrials
13.4%
Other
17.48%
EWZ
Financials
34.77%
Energy
17.72%
Materials
13.52%
Utilities
8.6%
Other
25.38%
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Diversification
FLMX
Total weight of top 15 holdings out of 15
76.9%
EWZ
Total weight of top 15 holdings out of 15
70.38%
Top 15 holdings
Data as of March 31, 2026
FLMX
GRUPO FINANCE BANORTE
12.63%
GRUPO MEXICO
12.25%
MX01AM050019
8.20%
FOMENTO ECONOMICO MEXICANO
7.80%
WALMEX V
6.88%
CEMEX
4.64%
GRUPO AEROPUERTO DEL PACIF
3.65%
ARCA CONTINENTAL
3.49%
INDUSTRIAS PENOLES
2.91%
GRUPO AEROPORTUARIO DEL SUREST
2.82%
PROLOGIS PROPERTY MEXICO REIT
2.50%
COCA COLA FEMSA SAB DE CV
2.36%
GRUPO FINANCIERO INBURSA SR O
2.35%
FIBRA UNO ADMINISTRACION REIT
2.30%
GRUPO BIMBO
2.13%
EWZ
VALE SA
10.45%
NU HOLDINGS
9.00%
ITAU UNIBANCO HOLDING PRF
8.40%
PETROLEO BRASILEIRO PRF
7.70%
PETROLEO BRASILEIRO PETROBRAS
7.05%
BM&F BOVESPA BOLSA DE VALORES
3.63%
BANCO BRADESCO PRF
3.29%
WEG ON
3.21%
COMPANHIA DE SANEAMENTO BASICO
2.95%
AMBEV SA
2.72%
BRAXIAACNOR0
2.69%
ITAUSA INVESTIMENTOS ITAU PRF
2.58%
BANCO BTG PACTUAL SA
2.56%
PETRO RIO
2.09%
BREMBJACNOR1
2.06%
Frequently asked questions about FLMX and EWZ
How have the FLMX and EWZ ETFs performed in 2026?
As of April 24, 2026, FLMX is up 12.97% year-to-date (YTD), while EWZ has returned 25.5%. 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 +$15M in flows, compared to +$3.18B for EWZ.
Which ETF is more volatile: FLMX or EWZ?
Over the past year, FLMX had a volatility of 20.24%, while EWZ experienced 23.15%.
Which ETF is bigger: FLMX or EWZ?
As of April 24, 2026, FLMX holds $91.75 M in assets under management (AUM), while EWZ manages $11.65 B.
What sectors do the FLMX and EWZ ETFs invest in?
FLMX leans toward sectors like Consumer Staples, Materials and Financials. Meanwhile, EWZ focuses on Financials, Energy and Materials.
What are the top holdings of the FLMX ETF and EWZ ETF?
FLMX top holdings include GRUPO FINANCE BANORTE, GRUPO MEXICO and MX01AM050019. EWZ holds in its top three: VALE SA, NU HOLDINGS and ITAU UNIBANCO HOLDING PRF.
Which ETF is more diversified: FLMX or EWZ?
FLMX holds 34 securities with 76.9% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 70.38%.
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Latest news about FLMX & EWZ
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