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ILFvsEWZSETF Comparison

ETF 1

ILF

iShares Latin America 40 ETF

This fund is part of

LatAm Blended Cap

-1.26%

Full ILF fund page

VS

ETF 2

EWZS

iShares MSCI Brazil Small-Cap ETF

This fund is part of

LatAm Blended Cap

-1.26%

Full EWZS fund page

iShares Latin America 40 ETF (ILF) and iShares MSCI Brazil Small-Cap ETF (EWZS) belong to the same industry segment: LatAm Blended Cap. ILF's top 3 sector exposures are Finance, Non-Energy Materials and Energy. In contrast, EWZS's top sector exposures are Finance, Consumer Non-Cyclicals and Utilities. ILF is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.59% for EWZS. ILF is up 14.13% year-to-date (YTD) with +$995M in YTD flows. EWZS performs worse with -0.16% YTD performance, and +$78M in YTD flows. Run a side-by-side ETF comparison of ILF 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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ILF vs EWZS 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 07/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ILF EWZS	+1.49%-1.64%	-2.47%-11.47%	+14.13%-0.16%	+41.16%+11.81%	+41.41%-8.21%	+58.55%-17.61%
Flows	ILF EWZS	-$68M-$3M	-$950M-$61M	+$995M+$78M	+$1.46B+$65M	+$1.83B+$113M	+$1.81B+$180M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ILF EWZS	+20.41%+29.46%	+21.64%+29.74%	+20.63%+28.78%	+22.97%+32.49%
Max drawdown	ILF EWZS	-10.91%-18.08%	-13.57%-21.05%	-23.91%-37.52%	-29.63%-43.92%
Max drawdown duration	ILF EWZS	84d84d	106d106d	608d856d	435d1670d

Trading data

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	ILF	EWZS
Last sale 7/30/2026 at 1:30 PM	$35.38	$13.24
Previous close 07/29/2026	$34.30	$12.86
Consolidated volume 07/29/2026
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	EWZS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

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

Live

Closed

	ILF	EWZS
Last price	$35.38	$13.24
1D performance	+3.15%	+2.96%
AuM	$3.74 B	$228.34 M
E/R	0.47%	0.59%

Characteristics

	ILF	EWZS
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	S&P Latin America 40 Index	MSCI Brazil Small Cap Index
N° of holdings	41	69
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 25, 2001	September 28, 2010
ESG	No	No

More ILF data on Trackinsight

More EWZS data on Trackinsight

Exposure

Countries

ILF

Brazil

54.97%

Mexico

26.69%

Other

18.33%

EWZS

Brazil

97.51%

Other

2.49%

Sectors

ILF

Finance

37.26%

Non-Energy Materi.

21.76%

Energy

10.86%

Consumer Non-Cycl.

10.73%

Other

19.39%

EWZS

Finance

26.97%

Consumer Non-Cycl.

16.16%

Utilities

15.61%

Non-Energy Materi.

10.17%

Other

31.09%

Diversification

ILF

Total weight of top 15 holdings out of 15

67.42%

EWZS

Total weight of top 15 holdings out of 15

47.66%

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%

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 ILF and EWZS

How have the ILF and EWZS ETFs performed in 2026?

As of July 29, 2026, ILF is up 14.13% year-to-date (YTD), while EWZS has lost -0.16%. That puts ILF better performer ahead so far this year.

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

Year-to-date, the ILF ETF saw +$995M in flows, compared to +$78M for EWZS.

Which ETF is more volatile: ILF or EWZS?

Over the past year, ILF had a volatility of 21.64%, while EWZS experienced 29.74%.

Which ETF is bigger: ILF or EWZS?

As of July 29, 2026, ILF holds $3.74 B in assets under management (AUM), while EWZS manages $228.34 M.

What sectors do the ILF and EWZS ETFs invest in?

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

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

ILF top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. EWZS holds in its top three: TOTVS SA, Companhia de Saneamento de Minas Gerais and Lojas Renner SA.

ILFvsEWZSETF Comparison

iShares Latin America 40 ETF

iShares MSCI Brazil Small-Cap ETF

ILF vs EWZS 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 EWZS ETFs performed in 2026?

As of July 29, 2026, ILF is up 14.13% year-to-date (YTD), while EWZS has lost -0.16%. That puts ILF better performer ahead so far this year.

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

Year-to-date, the ILF ETF saw +$995M in flows, compared to +$78M for EWZS.

Which ETF is more volatile: ILF or EWZS?

Over the past year, ILF had a volatility of 21.64%, while EWZS experienced 29.74%.

Which ETF is bigger: ILF or EWZS?

As of July 29, 2026, ILF holds $3.74 B in assets under management (AUM), while EWZS manages $228.34 M.

What sectors do the ILF and EWZS ETFs invest in?

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

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

ILF top holdings include Vale SA, Nu Holdings Ltd. and Itaú Unibanco Holding SA. EWZS holds in its top three: TOTVS SA, Companhia de Saneamento de Minas Gerais and Lojas Renner SA.

Which ETF is more diversified: ILF or EWZS?

ILF holds 42 securities with 67.42% of its assets in the top 15. EWZS has 71 securities and a top 15 weight of 47.66%.

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