EWZ vs. ECH
Compare and contrast key facts about iShares MSCI Brazil ETF (EWZ) and iShares MSCI Chile ETF (ECH).
EWZ and ECH 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. ECH is a passively managed fund by iShares that tracks the performance of the MSCI Chile Investable Market Index. It was launched on Nov 12, 2007. Both EWZ and ECH 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
EWZ vs. ECH - Performance Comparison
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EWZ vs. ECH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 20.84% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
ECH iShares MSCI Chile ETF | -1.58% | 65.41% | -8.67% | 9.01% | 25.12% | -19.80% | -7.13% | -17.79% | -18.98% | 41.79% |
Returns By Period
In the year-to-date period, EWZ achieves a 20.84% return, which is significantly higher than ECH's -1.58% return. Over the past 10 years, EWZ has outperformed ECH with an annualized return of 9.08%, while ECH has yielded a comparatively lower 3.93% annualized return.
EWZ
- 1D
- 4.41%
- 1M
- -0.88%
- YTD
- 20.84%
- 6M
- 28.18%
- 1Y
- 56.58%
- 3Y*
- 19.24%
- 5Y*
- 11.82%
- 10Y*
- 9.08%
ECH
- 1D
- 3.87%
- 1M
- -8.60%
- YTD
- -1.58%
- 6M
- 21.06%
- 1Y
- 36.70%
- 3Y*
- 15.12%
- 5Y*
- 7.45%
- 10Y*
- 3.93%
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EWZ vs. ECH - Expense Ratio Comparison
Both EWZ and ECH have an expense ratio of 0.59%.
Return for Risk
EWZ vs. ECH — Risk / Return Rank
EWZ
ECH
EWZ vs. ECH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and iShares MSCI Chile ETF (ECH). 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.
| EWZ | ECH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 1.45 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.75 | 1.96 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 4.89 | 1.88 | +3.01 |
Martin ratioReturn relative to average drawdown | 13.02 | 5.97 | +7.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWZ | ECH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.45 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.27 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.15 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.05 | +0.13 |
Correlation
The correlation between EWZ and ECH is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EWZ vs. ECH - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 4.29%, more than ECH's 2.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.29% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
ECH iShares MSCI Chile ETF | 2.05% | 2.01% | 3.12% | 4.77% | 6.73% | 5.49% | 2.16% | 2.47% | 2.37% | 1.42% | 1.85% | 2.13% |
Drawdowns
EWZ vs. ECH - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.25%, roughly equal to the maximum ECH drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for EWZ and ECH.
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Drawdown Indicators
| EWZ | ECH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.25% | -74.08% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -19.65% | +8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | -37.17% | +4.93% |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | -66.89% | +9.90% |
Current DrawdownCurrent decline from peak | -15.84% | -26.87% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -36.09% | -37.65% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 6.19% | -1.90% |
Volatility
EWZ vs. ECH - Volatility Comparison
iShares MSCI Brazil ETF (EWZ) has a higher volatility of 12.21% compared to iShares MSCI Chile ETF (ECH) at 10.98%. This indicates that EWZ's price experiences larger fluctuations and is considered to be riskier than ECH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZ | ECH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 10.98% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 19.72% | 18.99% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 25.34% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.78% | 27.84% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.34% | 27.05% | +7.29% |