iShares MSCI Brazil ETF (EWZ)

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The chart shows the growth of an initial investment of $10,000 in iShares MSCI Brazil ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares MSCI Brazil ETF (EWZ) has returned 20.84% so far this year and 56.58% over the past 12 months. Over the last ten years, EWZ has returned 9.08% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jul 14, 2000, EWZ's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, your investment would double in approximately 5.5 years.

Historically, 54% of months were positive and 46% were negative. The best month was Mar 2016 with a return of +28.4%, while the worst month was Mar 2020 at -38.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, EWZ closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +25.6%, while the worst single day was Mar 16, 2020 at -23.1%.

iShares MSCI Brazil ETF has an annualized alpha of 4.44%, beta of 1.22, and R² of 0.39 versus S&P 500 Index. Calculated based on daily prices since July 17, 2000.

• This ETF captured 148.81% of S&P 500 Index gains and 132.05% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• R² of 0.39 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

EWZ has an expense ratio of 0.59%, placing it in the medium range.

EWZ ranks 92 for risk / return — in the top 92% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and compare them to a chosen benchmark (S&P 500 Index).

iShares MSCI Brazil ETF provided a 4.29% dividend yield over the last twelve months, with an annual payout of $1.65 per share.

The table displays the monthly dividend distributions for iShares MSCI Brazil ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iShares MSCI Brazil ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares MSCI Brazil ETF was 77.25%, occurring on Jan 21, 2016. The portfolio has not yet recovered.

The current iShares MSCI Brazil ETF drawdown is 15.84%.

The chart below shows the rolling one-month volatility.