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iShares MSCI Brazil Small-Cap ETF (EWZS) Sharpe Ratio: 0.54

ETF · Currency in USD · Last updated Jun 3, 2026

EWZS is a passive ETF by iShares tracking the investment results of the MSCI Brazil Small Cap Index. EWZS launched on Sep 28, 2010 and has a 0.59% expense ratio.

EWZS's Sharpe Ratio of 0.54 indicates that for each unit of volatility, it generates 0.54 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

EWZS Sharpe Ratio Rank

EWZS Sharpe Ratio Rank: 17.517
Concerning

EWZS ranks above 17.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

EWZS Sharpe Ratio Market Positioning

The chart shows EWZS's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.91 or lower
  • Yellow zone (middle 50%): 0.91 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.84+
  • Median: 1.76 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares MSCI Brazil Small-Cap ETF's Sharpe Ratio with other ETFs in the Latin America Equities category across multiple time periods, showing how EWZS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
COLOGlobal X MSCI Colombia ETF2.52
ILFiShares Latin American 40 ETF2.07
FLNFirst Trust Latin America AlphaDEX Fund1.93
FLLAFranklin FTSE Latin America ETF1.88
FLMXFranklin FTSE Mexico ETF1.69
FLBRFranklin FTSE Brazil ETF1.69
EWWiShares MSCI Mexico ETF1.68
EWZiShares MSCI Brazil ETF1.56
BRAZGlobal X Brazil Active ETF1.51
BRFVanEck Vectors Brazil Small-Cap ETF1.04
EWZSiShares MSCI Brazil Small-Cap ETF0.54

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows EWZS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EWZS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does EWZS fit in your portfolio?

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