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 Non-Cyclicals, Non-Energy Materials and Finance. In contrast, EWZS's top sector exposures are Finance, Consumer Non-Cyclicals and Utilities. FLMX is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.59% for EWZS. FLMX is up 12.4% year-to-date (YTD) with +$11M in YTD flows. EWZS performs worse with 2.49% YTD performance, and +$71M 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 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMX EWZS | +1.62%+2.21% | +1.45%-10.92% | +12.40%+2.49% | +31.56%+15.73% | +30.10%-5.77% | +83.38%-12.64% |
| Flows | FLMX EWZS | --$10M | -$4M-$67M | +$11M+$71M | +$8M+$64M | +$42M+$106M | +$65M+$173M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMX EWZS | +20.37%+29.66% | +21.34%+29.83% | +22.56%+28.79% | +21.35%+32.43% |
| Max drawdown | FLMX EWZS | -7.07%-18.08% | -13.44%-21.05% | -31.44%-37.52% | -31.44%-42.71% |
| Max drawdown duration | FLMX EWZS | 81d86d | 152d108d | 525d856d | 525d1394d |
Trading data
FLMX | EWZS | |
Last sale 7/31/2026 at 1:30 PM | $37.54 | $13.21 |
| Previous close 07/30/2026 | $37.50 | $13.24 |
| Consolidated volume 07/30/2026 | ||
| 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 | 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 7/31/2026 at 1:30 PM
Live
Closed
FLMX | EWZS | |
|---|---|---|
| Last price | $37.54 | $13.21 |
| 1D performance | +0.10% | -0.23% |
| AuM | $85.81 M | $227.80 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 | 69 |
| 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%
EWZS
Brazil
97.51%
Other
2.49%
Sectors
FLMX
Consumer Non-Cycl.
27.6%
Non-Energy Materi.
25.19%
Finance
24.9%
Industrials
12.31%
Telecommunication.
9.34%
Other
0.66%
EWZS
Finance
26.97%
Consumer Non-Cycl.
16.16%
Utilities
15.61%
Non-Energy Materi.
10.17%
Other
31.09%
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Diversification
FLMX
Total weight of top 15 holdings out of 15
77.32%
EWZS
Total weight of top 15 holdings out of 15
47.66%
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%
EWZS
TOTVS SA
5.07%
Companhia de Saneamento de Minas Gerais
4.99%
Lojas Renner SA
4.88%
Sendas Distribuidora SA
3.99%
Allos SA
3.69%
Multiplan Empreendimentos Imobiliários SA (Rio de Janeiro)
3.29%
Smartfit Escola de Ginástica e Dança SA
2.66%
Natura Cosméticos SA
2.63%
Metalúrgica Gerdau SA
2.60%
Transmissora Aliança de Energia Elétrica SA
2.51%
PagSeguro Digital Ltd.
2.35%
Inter & Co., Inc.
2.29%
Brava Energia SA
2.27%
Cosan SA
2.22%
Hypera SA
2.22%
Frequently asked questions about FLMX and EWZS
How have the FLMX and EWZS ETFs performed in 2026?
As of July 31, 2026, FLMX is up 12.4% year-to-date (YTD), while EWZS has returned 2.49%. That puts FLMX better performer ahead so far this year.
Which ETF is attracting more investor money: FLMX or EWZS?
Year-to-date, the FLMX ETF saw +$11M in flows, compared to +$71M for EWZS.
Which ETF is more volatile: FLMX or EWZS?
Over the past year, FLMX had a volatility of 21.34%, while EWZS experienced 29.83%.
Which ETF is bigger: FLMX or EWZS?
As of July 31, 2026, FLMX holds $85.81 M in assets under management (AUM), while EWZS manages $227.80 M.
What sectors do the FLMX and EWZS ETFs invest in?
FLMX leans toward sectors like Consumer Non-Cyclicals, Non-Energy Materials and Finance. Meanwhile, EWZS focuses on Finance, Consumer Non-Cyclicals and Utilities.
What are the top holdings of the FLMX ETF and EWZS 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. EWZS holds in its top three: TOTVS SA, Companhia de Saneamento de Minas Gerais and Lojas Renner SA.
Which ETF is more diversified: FLMX or EWZS?
FLMX holds 34 securities with 77.32% of its assets in the top 15. EWZS has 71 securities and a top 15 weight of 47.66%.
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Latest news about FLMX & EWZS
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