- ISIN
- US4642891315
- CUSIP
- 464289131
- Issuer
- iShares
- Inception Date
- Sep 28, 2010
- Region
- Latin America (Brazil)
- Category
- Latin America Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Brazil Small Cap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $228M
Highlights
- Avg. Volume (1M)
- 130K
- Avg. Volume Value (1M)
- $1.72M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
EWZS Performance Chart
iShares MSCI Brazil Small-Cap ETF (EWZS) is up 3.2% since the beginning of the year. EWZS is currently trading at $13 per share. Investors who bought $1,000 worth of EWZS shares 5 years ago would now be looking at an investment worth $887.
Loading charts...
Compare this symbol against anything
Returns By Period
iShares MSCI Brazil Small-Cap ETF (EWZS) has returned 3.23% so far this year and 15.13% over the past 12 months. Over the last ten years, EWZS has returned 4.41% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
iShares MSCI Brazil Small-Cap ETF
- 1D
- 0.01%
- 1M
- 1.79%
- 6M
- -10.93%
- YTD
- 3.23%
- 1Y
- 15.13%
- 3Y*
- -0.97%
- 5Y*
- -2.36%
- 10Y*
- 4.41%
- ALL TIME*
- -1.14%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
EWZS Monthly Returns History
Based on dividend-adjusted daily data since Sep 29, 2010, EWZS's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 50% of months were positive and 50% were negative. The best month was Mar 2016 with a return of +27.1%, while the worst month was Mar 2020 at -46.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, EWZS closed higher 51% of trading days. The best single day was Mar 25, 2020 with a return of +10.7%, while the worst single day was Mar 18, 2020 at -22.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.69% | 5.01% | -4.90% | 1.76% | -6.91% | -6.52% | 1.77% | 0.01% | 3.23% | ||||
| 2025 | 13.51% | -5.14% | 8.13% | 11.33% | 4.59% | 6.81% | -10.86% | 13.32% | 3.77% | -1.26% | 3.17% | -6.11% | 45.18% |
| 2024 | -7.10% | 0.64% | 3.27% | -10.04% | -1.38% | -7.40% | 1.70% | 4.87% | 0.47% | -6.36% | -9.34% | -11.24% | -35.95% |
| 2023 | 11.09% | -12.49% | 3.08% | 3.76% | 10.05% | 14.06% | 3.45% | -11.04% | -3.68% | -7.19% | 14.45% | 7.94% | 32.65% |
| 2022 | 7.50% | -1.56% | 16.86% | -12.43% | 3.97% | -22.76% | 6.04% | 7.86% | -4.54% | 11.99% | -11.47% | -5.67% | -11.20% |
| 2021 | -6.56% | -4.38% | 5.39% | 9.07% | 11.25% | 5.45% | -9.40% | -3.29% | -7.85% | -14.65% | -3.30% | 7.01% | -14.09% |
Benchmark Metrics
iShares MSCI Brazil Small-Cap ETF has an annualized alpha of -8.92%, beta of 1.04, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 29, 2010.
- This ETF participated in 151.73% of S&P 500 Index downside but only 85.72% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.28 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -8.92%
- Beta
- 1.04
- R²
- 0.28
- Upside Capture
- 85.72%
- Downside Capture
- 151.73%
Expense Ratio
EWZS has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWZS ranks 23 for risk / return — above 23% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares MSCI Brazil Small-Cap ETF (EWZS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWZS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.41 | -1.71 |
| Martin ratioReturn relative to average drawdown | 1.56 | 10.22 | -8.66 |
Dividends
Dividend History
iShares MSCI Brazil Small-Cap ETF provided a 3.87% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.50 | $0.46 | $0.41 | $0.54 | $0.62 | $0.19 | $0.38 | $0.63 | $0.56 | $0.40 | $0.30 |
Dividend yield | 3.87% | 3.88% | 4.93% | 2.75% | 4.61% | 4.51% | 1.15% | 1.77% | 4.35% | 3.41% | 3.62% | 4.35% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Brazil Small-Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | ||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.50 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.46 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.62 |
Drawdowns
Drawdowns Chart
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Brazil Small-Cap 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 Small-Cap ETF was 79.23%, occurring on Jan 21, 2016. The portfolio has not yet recovered.
The current iShares MSCI Brazil Small-Cap ETF drawdown is 32.12%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-79.23%Jan 2016 | 4y 9mo | — | 15y 3moApr 2011 - now | — |
-9.69%Feb 2011 | 28d | 1mo 23d | 2mo 21dJan 2011 - Apr 2011 | — |
-8.18%Nov 2010 | 11d | 1mo 18d | 1mo 29dNov 2010 - Jan 2011 | — |
-4.01%Oct 2010 | 5d | 14d | 19dOct 2010 - Nov 2010 | — |
-2.59%Apr 2011 | 7d | 2d | 9dApr 2011 - Apr 2011 | — |
Drawdown Indicators
| EWZS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.23% | -56.78% | -22.45% |
Max Drawdown (1Y)Largest decline over 1 year | -21.53% | -9.10% | -12.43% |
Max Drawdown (3Y)Largest decline over 3 years | -37.33% | -18.90% | -18.43% |
Max Drawdown (5Y)Largest decline over 5 years | -42.60% | -25.43% | -17.17% |
Max Drawdown (10Y)Largest decline over 10 years | -63.15% | -33.92% | -29.23% |
Current DrawdownCurrent decline from peak | -32.12% | -0.12% | -32.00% |
Average DrawdownAverage peak-to-trough decline | -36.52% | -10.70% | -25.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.74% | 2.14% | +7.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with EWZS
Add iShares MSCI Brazil Small-Cap ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with EWZS