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ILFvsEWZETF Comparison

ETF 1

ILF

iShares Latin America 40 ETF

This fund is part of

LatAm Blended Cap

-0.81%

Full ILF fund page

VS

ETF 2

EWZ

iShares MSCI Brazil ETF

This fund is part of

LatAm Blended Cap

-0.81%

Full EWZ fund page

iShares Latin America 40 ETF (ILF) and iShares MSCI Brazil ETF (EWZ) belong to the same industry segment: LatAm Blended Cap. ILF's top 3 sector exposures are Finance, Non-Energy Materials and Energy. In contrast, EWZ's top sector exposures are Finance, Non-Energy Materials and Utilities. ILF is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.59% for EWZ. ILF is up 14.9% year-to-date (YTD) with +$995M in YTD flows. EWZ performs worse with 13.42% YTD performance, and +$1.82B in YTD flows. Run a side-by-side ETF comparison of ILF 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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ILF vs EWZ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ILF EWZ	+4.45%+5.58%	-4.88%-9.62%	+14.90%+13.42%	+40.67%+37.76%	+44.25%+26.53%	+63.25%+35.91%
Flows	ILF EWZ	-$143M-$462M	-$950M-$1.36B	+$995M+$1.82B	+$1.46B+$2.55B	+$1.85B+$3.11B	+$1.81B+$3.56B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ILF EWZ	+20.62%+23.22%	+21.68%+24.03%	+20.63%+23.31%	+22.98%+27.31%
Max drawdown	ILF EWZ	-10.91%-15.50%	-13.57%-19.01%	-23.91%-31.40%	-29.63%-32.10%
Max drawdown duration	ILF EWZ	79d89d	101d101d	608d680d	435d605d

Trading data

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	ILF	EWZ
Last sale 7/27/2026 at 1:30 PM	$34.81	$35.87
Previous close 07/24/2026	$34.64	$35.73
Consolidated volume 07/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	ILF	EWZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/27/2026 at 1:30 PM

Live

Closed

	ILF	EWZ
Last price	$34.81	$35.87
1D performance	+0.49%	+0.39%
AuM	$3.76 B	$9.05 B
E/R	0.47%	0.59%

Characteristics

	ILF	EWZ
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	S&P Latin America 40 Index	MSCI Brazil 25/50 Index
N° of holdings	41	43
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 25, 2001	July 10, 2000
ESG	No	No

More ILF data on Trackinsight

More EWZ data on Trackinsight

Exposure

Countries

ILF

Brazil

54.97%

Mexico

26.69%

Other

18.33%

EWZ

Brazil

96.83%

Other

3.17%

Sectors

ILF

Finance

37.26%

Non-Energy Materi.

21.76%

Energy

10.86%

Consumer Non-Cycl.

10.73%

Other

19.39%

EWZ

Finance

36.49%

Non-Energy Materi.

14.07%

Utilities

14%

Energy

13.84%

Industrials

7.12%

Other

14.48%

Diversification

ILF

Total weight of top 15 holdings out of 15

67.42%

EWZ

Total weight of top 15 holdings out of 15

69.94%

Top 15 holdings

Data as of June 30, 2026

ILF

Vale SA

8.41%

Nu Holdings Ltd.

8.18%

Itaú Unibanco Holding SA

7.04%

Grupo México S.A.B. de C.V.

5.63%

Petróleo Brasileiro SA

5.15%

Petróleo Brasileiro SA

4.79%

Credicorp Ltd.

4.22%

Grupo Financiero Banorte SAB de CV

4.07%

America Movil SAB de CV

3.73%

Fomento Economico Mexicano SAB de CV

3.40%

Banco Bradesco SA

2.92%

CEMEX SAB de CV

2.90%

Itausa SA

2.40%

Southern Copper Corp.

2.32%

Wal-Mart de México SAB de CV

2.26%

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 ILF and EWZ

How have the ILF and EWZ ETFs performed in 2026?

As of July 24, 2026, ILF is up 14.9% year-to-date (YTD), while EWZ has returned 13.42%. That puts ILF better performer ahead so far this year.

Which ETF is attracting more investor money: ILF or EWZ?

Year-to-date, the ILF ETF saw +$995M in flows, compared to +$1.82B for EWZ.

Which ETF is more volatile: ILF or EWZ?

Over the past year, ILF had a volatility of 21.68%, while EWZ experienced 24.03%.

Which ETF is bigger: ILF or EWZ?

As of July 24, 2026, ILF holds $3.76 B in assets under management (AUM), while EWZ manages $9.05 B.

What sectors do the ILF and EWZ ETFs invest in?

ILF leans toward sectors like Finance, Non-Energy Materials and Energy. Meanwhile, EWZ focuses on Finance, Non-Energy Materials and Utilities.

What are the top holdings of the ILF ETF and EWZ ETF?

ILF top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.

Which ETF is more diversified: ILF or EWZ?

ILF holds 42 securities with 67.42% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.94%.

MoneyShow Chart of the Day 7/7/2025: Will Trump Threat Break the BRICS?

July 7, 2025

EWZ

Tony's ETF Buyer's Guide: Latin America ETFs

June 18, 2024

EWZ

ILFvsEWZETF Comparison

iShares Latin America 40 ETF

iShares MSCI Brazil ETF

ILF vs EWZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ILF and EWZ ETFs performed in 2026?

As of July 24, 2026, ILF is up 14.9% year-to-date (YTD), while EWZ has returned 13.42%. That puts ILF better performer ahead so far this year.

Which ETF is attracting more investor money: ILF or EWZ?

Year-to-date, the ILF ETF saw +$995M in flows, compared to +$1.82B for EWZ.

Which ETF is more volatile: ILF or EWZ?

Over the past year, ILF had a volatility of 21.68%, while EWZ experienced 24.03%.

Which ETF is bigger: ILF or EWZ?

As of July 24, 2026, ILF holds $3.76 B in assets under management (AUM), while EWZ manages $9.05 B.

What sectors do the ILF and EWZ ETFs invest in?

ILF leans toward sectors like Finance, Non-Energy Materials and Energy. Meanwhile, EWZ focuses on Finance, Non-Energy Materials and Utilities.

What are the top holdings of the ILF ETF and EWZ ETF?

ILF top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. EWZ holds in its top three: Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA.

Which ETF is more diversified: ILF or EWZ?

ILF holds 42 securities with 67.42% of its assets in the top 15. EWZ has 47 securities and a top 15 weight of 69.94%.

MoneyShow Chart of the Day 7/7/2025: Will Trump Threat Break the BRICS?

Tony's ETF Buyer's Guide: Latin America ETFs

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