PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EWZ vs. XCH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EWZ vs. XCH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Brazil ETF (EWZ) and iShares China Index ETF (XCH.TO).

EWZ and XCH.TO 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. XCH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar China GR CAD. It was launched on Jan 21, 2010. Both EWZ and XCH.TO 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. XCH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Brazil ETF (EWZ) and iShares China Index ETF (XCH.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

EWZ vs. XCH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XCH.TO
iShares China Index ETF		-6.30%28.35%28.48%-12.82%-21.06%-19.97%9.32%13.51%-13.56%36.06%
Different Trading Currencies

EWZ is traded in USD, while XCH.TO is traded in CAD. To make them comparable, the XCH.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EWZ achieves a 20.84% return, which is significantly higher than XCH.TO's -6.30% return. Over the past 10 years, EWZ has outperformed XCH.TO with an annualized return of 9.08%, while XCH.TO has yielded a comparatively lower 2.73% 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%

XCH.TO

1D
2.44%
1M
-3.73%
YTD
-6.30%
6M
-11.96%
1Y
2.11%
3Y*
8.83%
5Y*
-3.61%
10Y*
2.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Brazil ETF

iShares China Index ETF

Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT
Often compared with XCH.TO:
XCH.TO vs. VEE.TOXCH.TO vs. XEC.TOXCH.TO vs. XAW.TOXCH.TO vs. XIC.TOXCH.TO vs. VFV.TOXCH.TO vs. FBRTXCH.TO vs. 3993.HK

EWZ vs. XCH.TO - Expense Ratio Comparison

EWZ has a 0.59% expense ratio, which is lower than XCH.TO's 0.87% expense ratio.

XCH.TO
iShares China Index ETF
EWZ
iShares MSCI Brazil ETF

Return for Risk

EWZ vs. XCH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWZ
EWZ Risk / Return Rank: 9494
Overall Rank
EWZ Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 9393
Sortino Ratio Rank
EWZ Omega Ratio Rank: 9191
Omega Ratio Rank
EWZ Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWZ Martin Ratio Rank: 9393
Martin Ratio Rank
XCH.TO
XCH.TO Risk / Return Rank: 1111
Overall Rank
XCH.TO Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
XCH.TO Sortino Ratio Rank: 1111
Sortino Ratio Rank
XCH.TO Omega Ratio Rank: 1111
Omega Ratio Rank
XCH.TO Calmar Ratio Rank: 1111
Calmar Ratio Rank
XCH.TO Martin Ratio Rank: 1212
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EWZ vs. XCH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and iShares China Index ETF (XCH.TO). 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.

EWZXCH.TODifference

Sharpe ratio

Return per unit of total volatility

2.19

0.09

+2.10

Sortino ratio

Return per unit of downside risk

2.75

0.29

+2.46

Omega ratio

Gain probability vs. loss probability

1.37

1.04

+0.34

Calmar ratio

Return relative to maximum drawdown

4.89

0.13

+4.76

Martin ratio

Return relative to average drawdown

13.02

0.39

+12.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWZ vs. XCH.TO - Sharpe Ratio Comparison

The current EWZ Sharpe Ratio is 2.19, which is higher than the XCH.TO Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of EWZ and XCH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

EWZXCH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

0.09

+2.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

-0.11

+0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

0.10

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.18

0.06

+0.12

Correlation

The correlation between EWZ and XCH.TO is 0.48, 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. XCH.TO - Dividend Comparison

EWZ's dividend yield for the trailing twelve months is around 4.29%, more than XCH.TO's 2.23% yield.

TTM20252024202320222021202020192018201720162015
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%
XCH.TO
iShares China Index ETF		2.23%2.11%1.54%2.86%2.35%1.50%2.17%2.50%2.45%2.41%2.21%2.58%

Drawdowns

EWZ vs. XCH.TO - Drawdown Comparison

The maximum EWZ drawdown since its inception was -77.25%, which is greater than XCH.TO's maximum drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for EWZ and XCH.TO.

Loading graphics...

Drawdown Indicators

EWZXCH.TODifference

Max Drawdown

Largest peak-to-trough decline

-77.25%

-58.02%

-19.23%

Max Drawdown (1Y)

Largest decline over 1 year

-11.44%

-17.71%

+6.27%

Max Drawdown (5Y)

Largest decline over 5 years

-32.24%

-51.64%

+19.40%

Max Drawdown (10Y)

Largest decline over 10 years

-56.99%

-58.02%

+1.03%

Current Drawdown

Current decline from peak

-15.84%

-20.76%

+4.92%

Average Drawdown

Average peak-to-trough decline

-36.09%

-20.40%

-15.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.29%

6.94%

-2.65%

Volatility

EWZ vs. XCH.TO - Volatility Comparison

iShares MSCI Brazil ETF (EWZ) has a higher volatility of 12.21% compared to iShares China Index ETF (XCH.TO) at 7.04%. This indicates that EWZ's price experiences larger fluctuations and is considered to be riskier than XCH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

EWZXCH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.21%

7.04%

+5.17%

Volatility (6M)

Calculated over the trailing 6-month period

19.72%

14.60%

+5.12%

Volatility (1Y)

Calculated over the trailing 1-year period

25.98%

24.54%

+1.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.78%

31.68%

-3.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.34%

27.68%

+6.66%