EWZ vs. BRF
Compare and contrast key facts about iShares MSCI Brazil ETF (EWZ) and VanEck Vectors Brazil Small-Cap ETF (BRF).
EWZ and BRF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. BRF is a passively managed fund by VanEck that tracks the performance of the MVIS Brazil Small-Cap Index. It was launched on May 12, 2009. Both EWZ and BRF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWZ or BRF.
Performance
EWZ vs. BRF - Performance Comparison
Returns By Period
In the year-to-date period, EWZ achieves a -20.46% return, which is significantly higher than BRF's -23.42% return. Over the past 10 years, EWZ has outperformed BRF with an annualized return of -0.04%, while BRF has yielded a comparatively lower -2.45% annualized return.
EWZ
-20.46%
-4.20%
-9.24%
-14.71%
-2.78%
-0.04%
BRF
-23.42%
-3.51%
-10.50%
-15.66%
-7.94%
-2.45%
Key characteristics
| EWZ | BRF | |
|---|---|---|
| Sharpe Ratio | -0.73 | -0.62 |
| Sortino Ratio | -0.95 | -0.77 |
| Omega Ratio | 0.89 | 0.91 |
| Calmar Ratio | -0.32 | -0.25 |
| Martin Ratio | -1.15 | -1.03 |
| Ulcer Index | 12.85% | 15.32% |
| Daily Std Dev | 20.16% | 25.27% |
| Max Drawdown | -77.27% | -81.72% |
| Current Drawdown | -46.55% | -61.61% |
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EWZ vs. BRF - Expense Ratio Comparison
EWZ has a 0.59% expense ratio, which is lower than BRF's 0.60% expense ratio.
Correlation
The correlation between EWZ and BRF is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EWZ vs. BRF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and VanEck Vectors Brazil Small-Cap ETF (BRF). 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.
Dividends
EWZ vs. BRF - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 7.93%, more than BRF's 6.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 7.93% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% | 3.23% |
BRF VanEck Vectors Brazil Small-Cap ETF | 6.55% | 5.01% | 4.13% | 2.97% | 1.66% | 2.54% | 2.89% | 4.53% | 4.25% | 3.84% | 4.23% | 1.85% |
Drawdowns
EWZ vs. BRF - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.27%, smaller than the maximum BRF drawdown of -81.72%. Use the drawdown chart below to compare losses from any high point for EWZ and BRF. For additional features, visit the drawdowns tool.
Volatility
EWZ vs. BRF - Volatility Comparison
The current volatility for iShares MSCI Brazil ETF (EWZ) is 5.65%, while VanEck Vectors Brazil Small-Cap ETF (BRF) has a volatility of 6.28%. This indicates that EWZ experiences smaller price fluctuations and is considered to be less risky than BRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.