EWZ vs. EWZS
Compare and contrast key facts about iShares MSCI Brazil ETF (EWZ) and iShares MSCI Brazil Small-Cap ETF (EWZS).
EWZ and EWZS 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. 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 EWZ 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWZ or EWZS.
Key characteristics
| EWZ | EWZS | |
|---|---|---|
| YTD Return | -11.87% | -13.35% |
| 1Y Return | 19.14% | 16.59% |
| 3Y Return (Ann) | 3.91% | -5.40% |
| 5Y Return (Ann) | 0.40% | -0.34% |
| 10Y Return (Ann) | 0.21% | -0.58% |
| Sharpe Ratio | 0.82 | 0.65 |
| Daily Std Dev | 22.37% | 25.79% |
| Max Drawdown | -77.27% | -79.26% |
| Current Drawdown | -40.78% | -38.63% |
Correlation
The correlation between EWZ and EWZS is 0.89, 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.
Performance
EWZ vs. EWZS - Performance Comparison
In the year-to-date period, EWZ achieves a -11.87% return, which is significantly higher than EWZS's -13.35% return. Over the past 10 years, EWZ has outperformed EWZS with an annualized return of 0.21%, while EWZS has yielded a comparatively lower -0.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWZ vs. EWZS - Expense Ratio Comparison
Both EWZ and EWZS have an expense ratio of 0.59%.
Risk-Adjusted Performance
EWZ vs. EWZS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) 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.
Dividends
EWZ vs. EWZS - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 6.42%, more than EWZS's 3.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 6.42% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.07% | 3.77% | 3.22% |
EWZS iShares MSCI Brazil Small-Cap ETF | 3.17% | 2.75% | 4.61% | 4.50% | 1.15% | 1.76% | 4.75% | 3.38% | 3.58% | 4.31% | 3.02% | 1.86% |
Drawdowns
EWZ vs. EWZS - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.27%, roughly equal to the maximum EWZS drawdown of -79.26%. Use the drawdown chart below to compare losses from any high point for EWZ and EWZS. For additional features, visit the drawdowns tool.
Volatility
EWZ vs. EWZS - Volatility Comparison
The current volatility for iShares MSCI Brazil ETF (EWZ) is 6.20%, while iShares MSCI Brazil Small-Cap ETF (EWZS) has a volatility of 7.83%. This indicates that EWZ 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.