EIRL vs. EWZS

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Ireland ETF (EIRL) and iShares MSCI Brazil Small-Cap ETF (EWZS).

EIRL and EWZS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIRL is a passively managed fund by iShares that tracks the performance of the MSCI Ireland Investable Market 25/50 Index. It was launched on May 5, 2010. EWZS is a passively managed fund by iShares that tracks the performance of the MSCI Brazil Small Cap Index. It was launched on Sep 28, 2010. Both EIRL and EWZS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EIRL vs. EWZS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Ireland ETF (EIRL) and iShares MSCI Brazil Small-Cap ETF (EWZS). The values are adjusted to include any dividend payments, if applicable.

EIRL vs. EWZS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIRL iShares MSCI Ireland ETF	-5.67%	28.82%	-1.64%	35.13%	-18.83%	13.72%	9.63%	28.15%	-21.92%	29.82%
EWZS iShares MSCI Brazil Small-Cap ETF	14.92%	45.18%	-35.95%	32.65%	-11.20%	-14.09%	-20.86%	50.60%	-7.13%	54.18%

Returns By Period

In the year-to-date period, EIRL achieves a -5.67% return, which is significantly lower than EWZS's 14.92% return. Over the past 10 years, EIRL has underperformed EWZS with an annualized return of 7.13%, while EWZS has yielded a comparatively higher 9.37% annualized return.

EIRL

• 1D: 0.71%
• 1M: -5.81%
• YTD: -5.67%
• 6M: 2.75%
• 1Y: 20.04%
• 3Y*: 10.40%
• 5Y*: 6.18%
• 10Y*: 7.13%

EWZS

• 1D: 0.34%
• 1M: -3.51%
• YTD: 14.92%
• 6M: 10.84%
• 1Y: 40.55%
• 3Y*: 12.25%
• 5Y*: 3.33%
• 10Y*: 9.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EIRL vs. EWZS - Expense Ratio Comparison

EIRL has a 0.49% expense ratio, which is lower than EWZS's 0.59% expense ratio.

EWZS

iShares MSCI Brazil Small-Cap ETF

EIRL

iShares MSCI Ireland ETF

Return for Risk

EIRL vs. EWZS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIRL

EIRL Risk / Return Rank: 54
EIRL Sharpe Ratio Rank: 54
EIRL Sortino Ratio Rank: 56
EIRL Omega Ratio Rank: 53
EIRL Calmar Ratio Rank: 53
EIRL Martin Ratio Rank: 51

EWZS

EWZS Risk / Return Rank: 71
EWZS Sharpe Ratio Rank: 70
EWZS Sortino Ratio Rank: 71
EWZS Omega Ratio Rank: 63
EWZS Calmar Ratio Rank: 83
EWZS Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EIRL vs. EWZS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) and iShares MSCI Brazil Small-Cap ETF (EWZS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EIRL	EWZS	Difference
Sharpe ratio Return per unit of total volatility	1.02	1.29	-0.27
Sortino ratio Return per unit of downside risk	1.52	1.85	-0.33
Omega ratio Gain probability vs. loss probability	1.21	1.24	-0.03
Calmar ratio Return relative to maximum drawdown	1.45	2.54	-1.09
Martin ratio Return relative to average drawdown	5.27	7.42	-2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIRL vs. EWZS - Sharpe Ratio Comparison

The current EIRL Sharpe Ratio is 1.02, which is comparable to the EWZS Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of EIRL and EWZS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EIRL	EWZS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.29	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.10	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.26	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	-0.01	+0.42

Correlation

The correlation between EIRL and EWZS is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EIRL vs. EWZS - Dividend Comparison

EIRL's dividend yield for the trailing twelve months is around 2.87%, less than EWZS's 3.37% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIRL iShares MSCI Ireland ETF	2.87%	2.71%	2.56%	1.00%	1.13%	0.82%	0.50%	2.11%	1.52%	1.44%	1.34%	1.70%
EWZS iShares MSCI Brazil Small-Cap ETF	3.37%	3.88%	4.93%	2.75%	4.61%	4.51%	1.15%	1.77%	4.35%	3.41%	3.62%	4.35%

Drawdowns

EIRL vs. EWZS - Drawdown Comparison

The maximum EIRL drawdown since its inception was -46.48%, smaller than the maximum EWZS drawdown of -79.23%. Use the drawdown chart below to compare losses from any high point for EIRL and EWZS.

Drawdown Indicators

	EIRL	EWZS	Difference
Max Drawdown Largest peak-to-trough decline	-46.48%	-79.23%	+32.75%
Max Drawdown (1Y) Largest decline over 1 year	-14.28%	-17.05%	+2.77%
Max Drawdown (5Y) Largest decline over 5 years	-40.14%	-48.78%	+8.64%
Max Drawdown (10Y) Largest decline over 10 years	-46.48%	-63.15%	+16.67%
Current Drawdown Current decline from peak	-10.07%	-24.43%	+14.36%
Average Drawdown Average peak-to-trough decline	-9.16%	-36.70%	+27.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	5.84%	-1.91%

Volatility

EIRL vs. EWZS - Volatility Comparison

The current volatility for iShares MSCI Ireland ETF (EIRL) is 7.77%, while iShares MSCI Brazil Small-Cap ETF (EWZS) has a volatility of 14.41%. This indicates that EIRL experiences smaller price fluctuations and is considered to be less risky than EWZS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIRL	EWZS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	14.41%	-6.64%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	23.64%	-10.33%
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	31.52%	-11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	32.97%	-12.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.63%	36.80%	-15.17%