FLMXvsEWZSETF Comparison
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Franklin FTSE Mexico ETF (FLMX) and iShares MSCI Brazil Small-Cap ETF (EWZS) belong to the same industry segment: LatAm Blended Cap. FLMX's top 3 sector exposures are Consumer Staples, Materials and Financials. In contrast, EWZS's top sector exposures are Consumer Discretionary, Materials and Utilities. FLMX is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZS. FLMX is up 11.34% year-to-date (YTD) with +$15M in YTD flows. EWZS performs better with 16.43% YTD performance, and +$138M in YTD flows. Run a side-by-side ETF comparison of FLMX 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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FLMX 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. | FLMX EWZS | +6.22%+9.85% | -0.60%-0.97% | +11.34%+16.43% | +36.86%+30.73% | +41.34%+42.15% | +91.82%+7.18% |
| Flows | FLMX EWZS | --$11M | +$10M+$113M | +$15M+$138M | +$21M+$173M | +$55M+$242M | +$73M+$241M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMX EWZS | +30.13%+36.24% | +20.33%+28.39% | +22.32%+28.55% | +21.23%+32.41% |
| Max drawdown | FLMX EWZS | -13.44%-16.94% | -13.44%-16.94% | -31.44%-37.52% | -31.44%-48.71% |
| Max drawdown duration | FLMX EWZS | 57d43d | 57d43d | 525d856d | 525d1768d |
Trading data
FLMX | EWZS | |
Last sale 4/27/2026 at 1:30 PM | $37.56 | $15.18 |
| Previous close 04/24/2026 | $38.15 | $15.34 |
| 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 | 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
FLMX | EWZS | |
|---|---|---|
| Last price | $37.56 | $15.18 |
| 1D performance | -1.55% | -1.04% |
| AuM | $90.43 M | $332.71 M |
| E/R | 0.19% | 0.59% |
Characteristics
FLMX | EWZS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | FTSE Mexico RIC Capped Index | MSCI Brazil Small Cap Index |
| N° of holdings | 34 | 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
FLMX
Mexico
100%
Other
-0%
EWZS
Brazil
85.19%
Cayman Islands
8.22%
Other
6.59%
Sectors
FLMX
Consumer Staples
27.2%
Materials
21.82%
Financials
20.1%
Industrials
13.4%
Other
17.48%
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
FLMX
Total weight of top 15 holdings out of 15
76.9%
EWZS
Total weight of top 15 holdings out of 15
45.11%
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%
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 FLMX and EWZS
How have the FLMX and EWZS ETFs performed in 2026?
As of April 27, 2026, FLMX is up 11.34% year-to-date (YTD), while EWZS has returned 16.43%. That puts EWZS better performer ahead so far this year.
Which ETF is attracting more investor money: FLMX or EWZS?
Year-to-date, the FLMX ETF saw +$15M in flows, compared to +$138M for EWZS.
Which ETF is more volatile: FLMX or EWZS?
Over the past year, FLMX had a volatility of 20.33%, while EWZS experienced 28.39%.
Which ETF is bigger: FLMX or EWZS?
As of April 27, 2026, FLMX holds $90.43 M in assets under management (AUM), while EWZS manages $332.71 M.
What sectors do the FLMX and EWZS ETFs invest in?
FLMX leans toward sectors like Consumer Staples, Materials and Financials. Meanwhile, EWZS focuses on Consumer Discretionary, Materials and Utilities.
What are the top holdings of the FLMX ETF and EWZS ETF?
FLMX top holdings include GRUPO FINANCE BANORTE, GRUPO MEXICO and MX01AM050019. EWZS holds in its top three: LOJAS RENNER, AURA MINERALS and SENDAS DISTRIBUIDORA SA.
Which ETF is more diversified: FLMX or EWZS?
FLMX holds 34 securities with 76.9% 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 FLMX & EWZS
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