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ILFvsEWZSETF Comparison

ETF 1

ILF

iShares Latin America 40 ETF

This fund is part of

LatAm Blended Cap

-14.41%

Full ILF fund page

VS

ETF 2

EWZS

iShares MSCI Brazil Small-Cap ETF

This fund is part of

LatAm Blended Cap

-14.41%

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, Utilities and Consumer Non-Cyclicals. ILF is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.59% for EWZS. ILF is up 11.14% year-to-date (YTD) with +$874M in YTD flows. EWZS performs worse with -10.54% YTD performance, and +$304M 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 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ILF EWZS	-1.94%-10.16%	-3.82%-11.69%	+11.14%-10.54%	+20.15%-12.16%	+56.44%+0.42%	+83.25%-2.67%
Flows	ILF EWZS	-$223M+$218M	-$121M+$226M	+$874M+$304M	+$1.24B+$286M	+$1.67B+$258M	+$1.97B+$411M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ILF EWZS	+32.85%+73.87%	+26.10%+46.19%	+21.91%+34.98%	+23.45%+35.37%
Max drawdown	ILF EWZS	-12.47%-32.06%	-13.57%-32.06%	-23.91%-37.10%	-29.63%-42.71%
Max drawdown duration	ILF EWZS	14d15d	171d15d	608d707d	435d1394d

Trading data

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	ILF	EWZS
Last sale 10/27/2026 at 1:30 PM	$33.46	$11.49
Previous close 10/26/2026	$33.48	$11.45
Consolidated volume 10/26/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 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 10/27/2026 at 1:30 PM

Live

Closed

	ILF	EWZS
Last price	$33.46	$11.49
1D performance	-0.06%	+0.35%
AuM	$3.52 B	$360.19 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	66
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

55%

Mexico

26.08%

Other

18.92%

EWZS

Brazil

96.27%

Other

3.73%

Sectors

ILF

Finance

36.91%

Non-Energy Materi.

22.7%

Energy

12.53%

Consumer Non-Cycl.

9.92%

Other

17.94%

EWZS

Finance

28.51%

Utilities

14.88%

Consumer Non-Cycl.

14.48%

Non-Energy Materi.

10.27%

Other

31.86%

Diversification

ILF

Total weight of top 15 holdings out of 15

68.33%

EWZS

Total weight of top 15 holdings out of 15

48.42%

Top 15 holdings

Data as of August 31, 2026

ILF

Nu Holdings Ltd.

8.63%

Vale SA

8.18%

Grupo México S.A.B. de C.V.

6.63%

Itaú Unibanco Holding SA

6.36%

Petróleo Brasileiro SA

5.93%

Petróleo Brasileiro SA

5.56%

Grupo Financiero Banorte SAB de CV

4.22%

Credicorp Ltd.

3.85%

America Movil SAB de CV

3.21%

Fomento Economico Mexicano SAB de CV

3.11%

Southern Copper Corp.

2.73%

Banco Bradesco SA

2.68%

CEMEX SAB de CV

2.52%

B3 SA-Brasil, Bolsa, Balcão

2.44%

Itausa SA

2.27%

EWZS

TOTVS SA

6.22%

Companhia de Saneamento de Minas Gerais

4.56%

Sendas Distribuidora SA

3.82%

Lojas Renner SA

3.58%

Allos SA

3.49%

StoneCo Ltd.

3.22%

Multiplan Empreendimentos Imobiliários SA (Rio de Janeiro)

3.11%

Metalúrgica Gerdau SA

2.91%

Isa Energia Brasil SA

2.80%

Smartfit Escola de Ginástica e Dança SA

2.77%

Natura Cosméticos SA

2.61%

Transmissora Aliança de Energia Elétrica SA

2.42%

Cosan SA

2.33%

Hypera SA

2.30%

Inter & Co., Inc.

2.29%

Frequently asked questions about ILF and EWZS

How have the ILF and EWZS ETFs performed in 2026?

As of October 26, 2026, ILF is up 11.14% year-to-date (YTD), while EWZS has lost -10.54%. 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 +$874M in flows, compared to +$304M for EWZS.

Which ETF is more volatile: ILF or EWZS?

Over the past year, ILF had a volatility of 26.1%, while EWZS experienced 46.19%.

Which ETF is bigger: ILF or EWZS?

As of October 26, 2026, ILF holds $3.52 B in assets under management (AUM), while EWZS manages $360.19 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, Utilities and Consumer Non-Cyclicals.

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

ILF top holdings include Nu Holdings Ltd., Vale SA and Grupo México S.A.B. de C.V.. EWZS holds in its top three: TOTVS SA, Companhia de Saneamento de Minas Gerais and Sendas Distribuidora 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 October 26, 2026, ILF is up 11.14% year-to-date (YTD), while EWZS has lost -10.54%. 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 +$874M in flows, compared to +$304M for EWZS.

Which ETF is more volatile: ILF or EWZS?

Over the past year, ILF had a volatility of 26.1%, while EWZS experienced 46.19%.

Which ETF is bigger: ILF or EWZS?

As of October 26, 2026, ILF holds $3.52 B in assets under management (AUM), while EWZS manages $360.19 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, Utilities and Consumer Non-Cyclicals.

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

ILF top holdings include Nu Holdings Ltd., Vale SA and Grupo México S.A.B. de C.V.. EWZS holds in its top three: TOTVS SA, Companhia de Saneamento de Minas Gerais and Sendas Distribuidora SA.

Which ETF is more diversified: ILF or EWZS?

ILF holds 42 securities with 68.33% of its assets in the top 15. EWZS has 69 securities and a top 15 weight of 48.42%.

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