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EWZS vs. VTI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWZS vs. VTI

Last updated Jun 4, 2026

EWZS (iShares MSCI Brazil Small-Cap ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - EWZS is a Latin America Equities fund tracking the MSCI Brazil Small Cap Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, EWZS returned 7.86%/yr vs 15.05%/yr for VTI. At a 0.46 correlation, their price movements are largely independent. EWZS charges 0.59%/yr vs 0.03%/yr for VTI.

Performance

EWZS vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Brazil Small-Cap ETF (EWZS) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWZS achieves a 4.95% return, which is significantly lower than VTI's 11.20% return. Over the past 10 years, EWZS has underperformed VTI with an annualized return of 7.86%, while VTI has yielded a comparatively higher 15.05% annualized return.

EWZS

1D
-4.37%
1M
-8.19%
YTD
4.95%
6M
-2.70%
1Y
8.41%
3Y*
2.41%
5Y*
-4.16%
10Y*
7.86%

VTI

1D
-0.72%
1M
4.99%
YTD
11.20%
6M
11.09%
1Y
28.18%
3Y*
22.07%
5Y*
12.69%
10Y*
15.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWZS vs. VTI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWZS
iShares MSCI Brazil Small-Cap ETF		4.95%45.18%-35.95%32.65%-11.20%-14.09%-20.86%50.60%-7.13%54.18%
VTI
Vanguard Total Stock Market ETF		11.20%17.10%23.81%26.05%-19.52%25.68%21.08%30.67%-5.23%21.21%

Correlation

The correlation between EWZS and VTI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2010

0.46

The correlation between EWZS and VTI shifts across timeframes, from 0.42 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

EWZS vs. VTI - Sectors Allocation Comparison

Sectors
EWZS
VTI

Basic Materials

16.5%
2.0%

Consumer Cyclical

15.5%
10.0%

Real Estate

13.4%
2.4%

Utilities

12.1%
2.3%

Consumer Defensive

10.9%
4.7%

Financial Services

10.4%
12.0%

Industrials

8.6%
9.8%

Energy

4.8%
3.7%

Healthcare

4.8%
9.2%

Technology

3.0%
33.5%

Communication Services

-

10.3%

Basic Materials

EWZS
16.5%
VTI
2.0%

Consumer Cyclical

EWZS
15.5%
VTI
10.0%

Real Estate

EWZS
13.4%
VTI
2.4%

Utilities

EWZS
12.1%
VTI
2.3%

Consumer Defensive

EWZS
10.9%
VTI
4.7%

Financial Services

EWZS
10.4%
VTI
12.0%

Industrials

EWZS
8.6%
VTI
9.8%

Energy

EWZS
4.8%
VTI
3.7%

Healthcare

EWZS
4.8%
VTI
9.2%

Technology

EWZS
3.0%
VTI
33.5%

Communication Services

EWZS

-

VTI
10.3%

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 Small-Cap ETF

Vanguard Total Stock Market ETF

Often compared with EWZS:
EWZS vs. EWZEWZS vs. BRFEWZS vs. ECHEWZS vs. EIRLEWZS vs. EWUSEWZS vs. BTEKEWZS vs. BRZU
Often compared with VTI:
VTI vs. VOOVTI vs. VXUSVTI vs. SPYVTI vs. VTVTI vs. SCHDVTI vs. FZROXVTI vs. QQQ

Return for Risk

EWZS vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWZS
EWZS Risk / Return Rank: 1414
Overall Rank
EWZS Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
EWZS Sortino Ratio Rank: 1313
Sortino Ratio Rank
EWZS Omega Ratio Rank: 1313
Omega Ratio Rank
EWZS Calmar Ratio Rank: 1515
Calmar Ratio Rank
EWZS Martin Ratio Rank: 1515
Martin Ratio Rank
VTI
VTI Risk / Return Rank: 6868
Overall Rank
VTI Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VTI Sortino Ratio Rank: 6868
Sortino Ratio Rank
VTI Omega Ratio Rank: 6767
Omega Ratio Rank
VTI Calmar Ratio Rank: 6262
Calmar Ratio Rank
VTI Martin Ratio Rank: 7575
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.

EWZS vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil Small-Cap ETF (EWZS) and Vanguard Total Stock Market ETF (VTI). 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.

EWZSVTIDifference
Sharpe ratioReturn per unit of total volatility
0.28
2.33

-2.05

Sortino ratioReturn per unit of downside risk
0.60
3.18

-2.59

Omega ratioGain probability vs. loss probability

1.07

1.42

-0.34

Calmar ratioReturn relative to maximum drawdown

0.50

3.17

-2.68

Martin ratioReturn relative to average drawdown

1.24

14.62

-13.38

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

EWZS vs. VTI - Sharpe Ratio Comparison

The current EWZS Sharpe Ratio is 0.28, which is lower than the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of EWZS and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EWZSVTIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

2.33

-2.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.13

0.73

-0.86

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.21

0.82

-0.61

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.03

0.51

-0.54

Drawdowns

EWZS vs. VTI - Drawdown Comparison

The maximum EWZS drawdown since its inception was -79.23%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for EWZS and VTI.

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Drawdown Indicators

EWZSVTIDifference

Max Drawdown

Largest peak-to-trough decline

-79.23%

-55.45%

-23.78%

Max Drawdown (1Y)

Largest decline over 1 year

-17.05%

-8.92%

-8.13%

Max Drawdown (3Y)

Largest decline over 3 years

-37.55%

-19.30%

-18.25%

Max Drawdown (5Y)

Largest decline over 5 years

-48.78%

-25.36%

-23.42%

Max Drawdown (10Y)

Largest decline over 10 years

-63.15%

-35.00%

-28.15%

Current Drawdown

Current decline from peak

-30.99%

-0.72%

-30.27%

Average Drawdown

Average peak-to-trough decline

-36.57%

-8.03%

-28.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.79%

1.93%

+4.86%

Volatility

EWZS vs. VTI - Volatility Comparison

iShares MSCI Brazil Small-Cap ETF (EWZS) has a higher volatility of 11.03% compared to Vanguard Total Stock Market ETF (VTI) at 2.96%. This indicates that EWZS's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWZSVTIDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.03%

2.96%

+8.07%

Volatility (6M)

Calculated over the trailing 6-month period

25.56%

9.13%

+16.43%

Volatility (1Y)

Calculated over the trailing 1-year period

30.44%

12.17%

+18.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.12%

17.40%

+15.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.79%

18.30%

+18.49%

EWZS vs. VTI - Expense Ratio Comparison

EWZS has a 0.59% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

EWZS vs. VTI - Dividend Comparison

EWZS's dividend yield for the trailing twelve months is around 3.69%, more than VTI's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
EWZS
iShares MSCI Brazil Small-Cap ETF		3.69%3.88%4.93%2.75%4.61%4.51%1.15%1.77%4.35%3.41%3.62%4.35%
VTI
Vanguard Total Stock Market ETF		1.01%1.12%1.27%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%

Frequently Asked Questions

EWZS and VTI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWZS has higher volatility (11.03%) compared to VTI (2.96%). In terms of maximum drawdown, EWZS dropped -79.23% vs VTI's -55.45%.

On 10-year performance, VTI leads with 15.05% vs 7.86% for EWZS. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTI has performed better with a 15.05% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTI is cheaper with a 0.03% expense ratio, compared with 0.59% for EWZS.

EWZS has the higher dividend yield at 3.69%, compared with 1.01% for VTI.

EWZS is categorized as Latin America Equities, while VTI is Large Cap Blend Equities. EWZS tracks MSCI Brazil Small Cap Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.59% for EWZS and 0.03% for VTI.

VTI currently has the higher Sharpe Ratio (2.33 vs 0.28), 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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