EWZ vs. RBIL
EWZ (iShares MSCI Brazil ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - EWZ is a Latin America Equities fund tracking the MSCI Brazil 25/50 Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, EWZ returned 32.42% vs 4.57% for RBIL. At a correlation of -0.13, they often move in opposite directions. EWZ charges 0.59%/yr vs 0.17%/yr for RBIL.
Performance
EWZ vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, EWZ achieves a 9.03% return, which is significantly higher than RBIL's 2.70% return.
EWZ
- 1D
- -3.19%
- 1M
- -11.27%
- YTD
- 9.03%
- 6M
- 4.84%
- 1Y
- 32.42%
- 3Y*
- 11.04%
- 5Y*
- 4.31%
- 10Y*
- 7.81%
RBIL
- 1D
- 0.06%
- 1M
- 0.38%
- YTD
- 2.70%
- 6M
- 2.79%
- 1Y
- 4.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWZ vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EWZ iShares MSCI Brazil ETF | 9.03% | 32.50% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.70% | 2.91% |
Correlation
The correlation between EWZ and RBIL is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025 | -0.13 |
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Return for Risk
EWZ vs. RBIL — Risk / Return Rank
EWZ
RBIL
EWZ vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.71 | ||
| Sortino ratioReturn per unit of downside risk | -6.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 2.39 | -1.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 17.00 | -15.08 |
| Martin ratioReturn relative to average drawdown | 6.10 | 70.66 | -64.56 |
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 | RBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 5.01 | -3.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 4.28 | -4.11 |
Drawdowns
EWZ vs. RBIL - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.25%, which is greater than RBIL's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for EWZ and RBIL.
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Drawdown Indicators
| EWZ | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.25% | -0.50% | -76.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.99% | -0.27% | -16.72% |
Max Drawdown (3Y)Largest decline over 3 years | -31.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | — | — |
Current DrawdownCurrent decline from peak | -24.07% | 0.00% | -24.07% |
Average DrawdownAverage peak-to-trough decline | -35.95% | -0.06% | -35.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 0.07% | +5.26% |
Volatility
EWZ vs. RBIL - Volatility Comparison
iShares MSCI Brazil ETF (EWZ) has a higher volatility of 7.84% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that EWZ's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZ | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 0.30% | +7.54% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 0.79% | +19.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.97% | 0.92% | +24.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 1.05% | +26.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.10% | 1.05% | +33.05% |
EWZ vs. RBIL - Expense Ratio Comparison
EWZ has a 0.59% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
EWZ vs. RBIL - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 4.76%, more than RBIL's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.76% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.60% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWZ and RBIL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWZ has higher volatility (7.84%) compared to RBIL (0.30%). In terms of maximum drawdown, EWZ dropped -77.25% vs RBIL's -0.50%.
On 1-year performance, EWZ leads with 32.42% vs 4.57% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWZ has performed better with a 32.42% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.59% for EWZ.
EWZ has the higher dividend yield at 4.76%, compared with 4.60% for RBIL.
EWZ is categorized as Latin America Equities, while RBIL is Inflation-Protected Bonds. EWZ tracks MSCI Brazil 25/50 Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: iShares and F/m. Their fees differ too: 0.59% for EWZ and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (5.01 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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