EWZS vs. SLV
Compare and contrast key facts about iShares MSCI Brazil Small-Cap ETF (EWZS) and iShares Silver Trust (SLV).
EWZS and SLV 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. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. Both EWZS and SLV 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. SLV - Performance Comparison
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EWZS vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWZS iShares MSCI Brazil Small-Cap ETF | 14.54% | 45.18% | -35.95% | 32.65% | -11.20% | -14.09% | -20.86% | 50.60% | -7.13% | 54.18% |
SLV iShares Silver Trust | 5.77% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Returns By Period
In the year-to-date period, EWZS achieves a 14.54% return, which is significantly higher than SLV's 5.77% return. Over the past 10 years, EWZS has underperformed SLV with an annualized return of 9.34%, while SLV has yielded a comparatively higher 16.87% annualized return.
EWZS
- 1D
- 6.99%
- 1M
- -4.90%
- YTD
- 14.54%
- 6M
- 9.55%
- 1Y
- 42.81%
- 3Y*
- 12.13%
- 5Y*
- 3.26%
- 10Y*
- 9.34%
SLV
- 1D
- 7.27%
- 1M
- -19.83%
- YTD
- 5.77%
- 6M
- 60.82%
- 1Y
- 119.88%
- 3Y*
- 45.50%
- 5Y*
- 24.10%
- 10Y*
- 16.87%
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EWZS vs. SLV - Expense Ratio Comparison
EWZS has a 0.59% expense ratio, which is higher than SLV's 0.50% expense ratio.
Return for Risk
EWZS vs. SLV — Risk / Return Rank
EWZS
SLV
EWZS vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil Small-Cap ETF (EWZS) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.11 | -0.75 |
Sortino ratioReturn per unit of downside risk | 1.92 | 2.20 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.82 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.97 | 8.79 | -1.82 |
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 | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.11 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.69 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.54 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.25 | -0.27 |
Correlation
The correlation between EWZS and SLV is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EWZS vs. SLV - Dividend Comparison
EWZS's dividend yield for the trailing twelve months is around 3.38%, while SLV has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZS iShares MSCI Brazil Small-Cap ETF | 3.38% | 3.88% | 4.93% | 2.75% | 4.61% | 4.51% | 1.15% | 1.77% | 4.35% | 3.41% | 3.62% | 4.35% |
SLV iShares Silver Trust | 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
EWZS vs. SLV - Drawdown Comparison
The maximum EWZS drawdown since its inception was -79.23%, roughly equal to the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for EWZS and SLV.
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Drawdown Indicators
| EWZS | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.23% | -76.28% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.05% | -42.45% | +25.40% |
Max Drawdown (5Y)Largest decline over 5 years | -48.78% | -42.45% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -63.15% | -42.81% | -20.34% |
Current DrawdownCurrent decline from peak | -24.68% | -35.47% | +10.79% |
Average DrawdownAverage peak-to-trough decline | -36.71% | -44.76% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 13.63% | -7.81% |
Volatility
EWZS vs. SLV - Volatility Comparison
The current volatility for iShares MSCI Brazil Small-Cap ETF (EWZS) is 15.59%, while iShares Silver Trust (SLV) has a volatility of 18.91%. This indicates that EWZS experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZS | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.59% | 18.91% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 23.65% | 57.27% | -33.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.57% | 57.07% | -25.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.99% | 35.28% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.81% | 31.36% | +5.45% |