ILF vs. EWZ
Compare and contrast key facts about iShares Latin American 40 ETF (ILF) and iShares MSCI Brazil ETF (EWZ).
ILF and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ILF is a passively managed fund by iShares that tracks the performance of the S&P Latin America 40 Index. It was launched on Oct 25, 2001. 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 ILF 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: ILF or EWZ.
Key characteristics
| ILF | EWZ | |
|---|---|---|
| YTD Return | -13.14% | -17.86% |
| 1Y Return | -2.12% | -6.78% |
| 3Y Return (Ann) | 8.04% | 7.21% |
| 5Y Return (Ann) | 0.13% | -2.68% |
| 10Y Return (Ann) | 0.61% | 0.68% |
| Sharpe Ratio | -0.04 | -0.28 |
| Sortino Ratio | 0.07 | -0.26 |
| Omega Ratio | 1.01 | 0.97 |
| Calmar Ratio | -0.02 | -0.12 |
| Martin Ratio | -0.09 | -0.47 |
| Ulcer Index | 8.05% | 12.09% |
| Daily Std Dev | 18.01% | 20.57% |
| Max Drawdown | -67.48% | -77.27% |
| Current Drawdown | -26.23% | -44.80% |
Correlation
The correlation between ILF and EWZ is 0.90, 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.
Performance
ILF vs. EWZ - Performance Comparison
In the year-to-date period, ILF achieves a -13.14% return, which is significantly higher than EWZ's -17.86% return. Over the past 10 years, ILF has underperformed EWZ with an annualized return of 0.61%, while EWZ has yielded a comparatively higher 0.68% 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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ILF vs. EWZ - Expense Ratio Comparison
ILF has a 0.48% expense ratio, which is lower than EWZ's 0.59% expense ratio.
Risk-Adjusted Performance
ILF vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Latin American 40 ETF (ILF) 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
ILF vs. EWZ - Dividend Comparison
ILF's dividend yield for the trailing twelve months is around 6.19%, less than EWZ's 7.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 6.19% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.24% | 2.31% | 3.30% |
EWZ iShares MSCI Brazil ETF | 7.68% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.07% | 3.77% | 3.22% |
Drawdowns
ILF vs. EWZ - Drawdown Comparison
The maximum ILF drawdown since its inception was -67.48%, smaller than the maximum EWZ drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for ILF and EWZ. For additional features, visit the drawdowns tool.
Volatility
ILF vs. EWZ - Volatility Comparison
The current volatility for iShares Latin American 40 ETF (ILF) is 4.02%, while iShares MSCI Brazil ETF (EWZ) has a volatility of 6.30%. This indicates that ILF experiences smaller price fluctuations and is considered to be less risky than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.