EWZ vs. FLXB.DE
Compare and contrast key facts about iShares MSCI Brazil ETF (EWZ) and Franklin FTSE Brazil UCITS ETF (FLXB.DE).
EWZ and FLXB.DE 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. FLXB.DE is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Brazil 30/18 Capped. It was launched on Jun 4, 2019. Both EWZ and FLXB.DE 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. FLXB.DE - Performance Comparison
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EWZ vs. FLXB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 20.77% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 17.35% |
FLXB.DE Franklin FTSE Brazil UCITS ETF | 21.59% | 45.65% | -28.08% | 32.99% | 12.24% | -18.29% | -19.15% | 15.57% |
Different Trading Currencies
EWZ is traded in USD, while FLXB.DE is traded in EUR. To make them comparable, the FLXB.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EWZ achieves a 20.77% return, which is significantly lower than FLXB.DE's 21.81% return.
EWZ
- 1D
- -0.05%
- 1M
- -0.70%
- YTD
- 20.77%
- 6M
- 29.87%
- 1Y
- 54.76%
- 3Y*
- 19.22%
- 5Y*
- 11.80%
- 10Y*
- 9.07%
FLXB.DE
- 1D
- 1.33%
- 1M
- -2.67%
- YTD
- 21.81%
- 6M
- 29.20%
- 1Y
- 52.97%
- 3Y*
- 20.21%
- 5Y*
- 12.08%
- 10Y*
- —
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EWZ vs. FLXB.DE - Expense Ratio Comparison
EWZ has a 0.59% expense ratio, which is higher than FLXB.DE's 0.19% expense ratio.
Return for Risk
EWZ vs. FLXB.DE — Risk / Return Rank
EWZ
FLXB.DE
EWZ vs. FLXB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and Franklin FTSE Brazil UCITS ETF (FLXB.DE). 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 | FLXB.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 2.04 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.59 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.94 | 3.70 | +1.24 |
Martin ratioReturn relative to average drawdown | 13.14 | 12.37 | +0.77 |
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 | FLXB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.04 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.44 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.17 | +0.01 |
Correlation
The correlation between EWZ and FLXB.DE is 0.70, 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.
Dividends
EWZ vs. FLXB.DE - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 4.30%, while FLXB.DE has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.30% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
FLXB.DE Franklin FTSE Brazil UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWZ vs. FLXB.DE - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.25%, which is greater than FLXB.DE's maximum drawdown of -56.68%. Use the drawdown chart below to compare losses from any high point for EWZ and FLXB.DE.
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Drawdown Indicators
| EWZ | FLXB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.25% | -54.94% | -22.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -14.12% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | -28.51% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | — | — |
Current DrawdownCurrent decline from peak | -15.89% | -1.34% | -14.55% |
Average DrawdownAverage peak-to-trough decline | -36.09% | -18.72% | -17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 3.84% | +0.46% |
Volatility
EWZ vs. FLXB.DE - Volatility Comparison
iShares MSCI Brazil ETF (EWZ) has a higher volatility of 11.12% compared to Franklin FTSE Brazil UCITS ETF (FLXB.DE) at 10.48%. This indicates that EWZ's price experiences larger fluctuations and is considered to be riskier than FLXB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZ | FLXB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 10.48% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 19.72% | 19.45% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 25.78% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.76% | 26.95% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.34% | 32.19% | +2.15% |