IBZL.L vs. EWZ
Compare and contrast key facts about iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) and iShares MSCI Brazil ETF (EWZ).
IBZL.L and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBZL.L is a passively managed fund by iShares that tracks the performance of the MSCI Brazil NR USD. It was launched on Nov 18, 2005. 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 IBZL.L 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBZL.L or EWZ.
Key characteristics
| IBZL.L | EWZ | |
|---|---|---|
| YTD Return | -16.14% | -18.65% |
| 1Y Return | -11.49% | -11.78% |
| 3Y Return (Ann) | 10.47% | 5.78% |
| 5Y Return (Ann) | 0.06% | -2.28% |
| 10Y Return (Ann) | 4.20% | 1.01% |
| Sharpe Ratio | -0.69 | -0.43 |
| Sortino Ratio | -0.89 | -0.49 |
| Omega Ratio | 0.90 | 0.94 |
| Calmar Ratio | -0.65 | -0.19 |
| Martin Ratio | -1.15 | -0.72 |
| Ulcer Index | 11.35% | 12.47% |
| Daily Std Dev | 19.09% | 20.54% |
| Max Drawdown | -69.44% | -77.27% |
| Current Drawdown | -16.85% | -45.34% |
Correlation
The correlation between IBZL.L and EWZ is 0.65, 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.
Performance
IBZL.L vs. EWZ - Performance Comparison
In the year-to-date period, IBZL.L achieves a -16.14% return, which is significantly higher than EWZ's -18.65% return. Over the past 10 years, IBZL.L has outperformed EWZ with an annualized return of 4.20%, while EWZ has yielded a comparatively lower 1.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBZL.L vs. EWZ - Expense Ratio Comparison
IBZL.L has a 0.74% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Risk-Adjusted Performance
IBZL.L vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) 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.
Dividends
IBZL.L vs. EWZ - Dividend Comparison
IBZL.L's dividend yield for the trailing twelve months is around 8.81%, more than EWZ's 7.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 8.81% | 6.83% | 16.49% | 8.64% | 2.44% | 3.28% | 3.31% | 1.86% | 2.24% | 5.42% | 8.32% | 3.87% |
EWZ iShares MSCI Brazil ETF | 7.76% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% | 3.23% |
Drawdowns
IBZL.L vs. EWZ - Drawdown Comparison
The maximum IBZL.L drawdown since its inception was -69.44%, smaller than the maximum EWZ drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for IBZL.L and EWZ. For additional features, visit the drawdowns tool.
Volatility
IBZL.L vs. EWZ - Volatility Comparison
iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) and iShares MSCI Brazil ETF (EWZ) have volatilities of 5.39% and 5.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.