EWZS vs. EWZ
Compare and contrast key facts about iShares MSCI Brazil Small-Cap ETF (EWZS) and iShares MSCI Brazil ETF (EWZ).
EWZS and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both EWZS and EWZ 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
EWZS vs. EWZ - Performance Comparison
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EWZS vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWZS iShares MSCI Brazil Small-Cap ETF | 14.92% | 45.18% | -35.95% | 32.65% | -11.20% | -14.09% | -20.86% | 50.60% | -7.13% | 54.18% |
EWZ iShares MSCI Brazil ETF | 20.77% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Returns By Period
In the year-to-date period, EWZS achieves a 14.92% return, which is significantly lower than EWZ's 20.77% return. Both investments have delivered pretty close results over the past 10 years, with EWZS having a 9.37% annualized return and EWZ not far behind at 9.07%.
EWZS
- 1D
- 0.34%
- 1M
- -3.51%
- YTD
- 14.92%
- 6M
- 10.84%
- 1Y
- 40.55%
- 3Y*
- 12.25%
- 5Y*
- 3.33%
- 10Y*
- 9.37%
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%
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EWZS vs. EWZ - Expense Ratio Comparison
Both EWZS and EWZ have an expense ratio of 0.59%.
Return for Risk
EWZS vs. EWZ — Risk / Return Rank
EWZS
EWZ
EWZS vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil Small-Cap ETF (EWZS) and iShares MSCI Brazil ETF (EWZ). 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.
| EWZS | EWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 2.12 | -0.83 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.68 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.94 | -2.40 |
Martin ratioReturn relative to average drawdown | 7.42 | 13.14 | -5.72 |
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
| EWZS | EWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.12 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.43 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.26 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.18 | -0.19 |
Correlation
The correlation between EWZS and EWZ 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.
Dividends
EWZS vs. EWZ - Dividend Comparison
EWZS's dividend yield for the trailing twelve months is around 3.37%, less than EWZ's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZS iShares MSCI Brazil Small-Cap ETF | 3.37% | 3.88% | 4.93% | 2.75% | 4.61% | 4.51% | 1.15% | 1.77% | 4.35% | 3.41% | 3.62% | 4.35% |
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% |
Drawdowns
EWZS vs. EWZ - Drawdown Comparison
The maximum EWZS drawdown since its inception was -79.23%, roughly equal to the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for EWZS and EWZ.
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Drawdown Indicators
| EWZS | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.23% | -77.25% | -1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -17.05% | -11.44% | -5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -48.78% | -32.24% | -16.54% |
Max Drawdown (10Y)Largest decline over 10 years | -63.15% | -56.99% | -6.16% |
Current DrawdownCurrent decline from peak | -24.43% | -15.89% | -8.54% |
Average DrawdownAverage peak-to-trough decline | -36.70% | -36.09% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 4.30% | +1.54% |
Volatility
EWZS vs. EWZ - Volatility Comparison
iShares MSCI Brazil Small-Cap ETF (EWZS) has a higher volatility of 14.41% compared to iShares MSCI Brazil ETF (EWZ) at 11.12%. This indicates that EWZS's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZS | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.41% | 11.12% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 23.64% | 19.72% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.52% | 25.98% | +5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.97% | 27.76% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.80% | 34.34% | +2.46% |