EWZS vs. IJR
Compare and contrast key facts about iShares MSCI Brazil Small-Cap ETF (EWZS) and iShares Core S&P Small-Cap ETF (IJR).
EWZS and IJR 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. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both EWZS and IJR 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. IJR - Performance Comparison
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EWZS vs. IJR - 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% |
IJR iShares Core S&P Small-Cap ETF | 4.11% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Returns By Period
In the year-to-date period, EWZS achieves a 14.92% return, which is significantly higher than IJR's 4.11% return. Over the past 10 years, EWZS has underperformed IJR with an annualized return of 9.37%, while IJR has yielded a comparatively higher 9.88% annualized return.
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%
IJR
- 1D
- 0.49%
- 1M
- -4.18%
- YTD
- 4.11%
- 6M
- 5.47%
- 1Y
- 20.83%
- 3Y*
- 10.67%
- 5Y*
- 4.19%
- 10Y*
- 9.88%
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EWZS vs. IJR - Expense Ratio Comparison
EWZS has a 0.59% expense ratio, which is higher than IJR's 0.06% expense ratio.
Return for Risk
EWZS vs. IJR — Risk / Return Rank
EWZS
IJR
EWZS vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil Small-Cap ETF (EWZS) and iShares Core S&P Small-Cap ETF (IJR). 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 | IJR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.92 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.43 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.42 | +1.12 |
Martin ratioReturn relative to average drawdown | 7.42 | 5.73 | +1.68 |
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 | IJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.92 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.20 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.43 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.42 | -0.43 |
Correlation
The correlation between EWZS and IJR is 0.43, 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
EWZS vs. IJR - Dividend Comparison
EWZS's dividend yield for the trailing twelve months is around 3.37%, more than IJR's 1.28% 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% |
IJR iShares Core S&P Small-Cap ETF | 1.28% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Drawdowns
EWZS vs. IJR - Drawdown Comparison
The maximum EWZS drawdown since its inception was -79.23%, which is greater than IJR's maximum drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for EWZS and IJR.
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Drawdown Indicators
| EWZS | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.23% | -58.15% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -17.05% | -14.85% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -48.78% | -28.02% | -20.76% |
Max Drawdown (10Y)Largest decline over 10 years | -63.15% | -44.36% | -18.79% |
Current DrawdownCurrent decline from peak | -24.43% | -5.26% | -19.17% |
Average DrawdownAverage peak-to-trough decline | -36.70% | -9.34% | -27.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 3.68% | +2.16% |
Volatility
EWZS vs. IJR - Volatility Comparison
iShares MSCI Brazil Small-Cap ETF (EWZS) has a higher volatility of 14.41% compared to iShares Core S&P Small-Cap ETF (IJR) at 6.25%. This indicates that EWZS's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZS | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.41% | 6.25% | +8.16% |
Volatility (6M)Calculated over the trailing 6-month period | 23.64% | 12.99% | +10.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.52% | 22.66% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.97% | 21.51% | +11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.80% | 22.91% | +13.89% |