ILF vs. EWZS
Compare and contrast key facts about iShares Latin American 40 ETF (ILF) and iShares MSCI Brazil Small-Cap ETF (EWZS).
ILF and EWZS 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. 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. Both ILF and EWZS 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
ILF vs. EWZS - Performance Comparison
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ILF vs. EWZS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 16.65% | 52.65% | -23.11% | 33.14% | 9.81% | -13.59% | -11.71% | 13.77% | -6.85% | 26.33% |
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% |
Returns By Period
In the year-to-date period, ILF achieves a 16.65% return, which is significantly higher than EWZS's 14.54% return. Over the past 10 years, ILF has underperformed EWZS with an annualized return of 8.47%, while EWZS has yielded a comparatively higher 9.34% annualized return.
ILF
- 1D
- 4.41%
- 1M
- -2.63%
- YTD
- 16.65%
- 6M
- 25.92%
- 1Y
- 58.11%
- 3Y*
- 20.46%
- 5Y*
- 13.16%
- 10Y*
- 8.47%
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%
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ILF vs. EWZS - Expense Ratio Comparison
ILF has a 0.48% expense ratio, which is lower than EWZS's 0.59% expense ratio.
Return for Risk
ILF vs. EWZS — Risk / Return Rank
ILF
EWZS
ILF vs. EWZS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Latin American 40 ETF (ILF) and iShares MSCI Brazil Small-Cap ETF (EWZS). 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.
| ILF | EWZS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 1.36 | +1.11 |
Sortino ratioReturn per unit of downside risk | 3.06 | 1.92 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 4.47 | 2.38 | +2.09 |
Martin ratioReturn relative to average drawdown | 15.54 | 6.97 | +8.56 |
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
| ILF | EWZS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 1.36 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.10 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.25 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.01 | +0.32 |
Correlation
The correlation between ILF and EWZS is 0.83, 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.
Dividends
ILF vs. EWZS - Dividend Comparison
ILF's dividend yield for the trailing twelve months is around 3.76%, more than EWZS's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 3.76% | 4.39% | 7.44% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.25% |
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% |
Drawdowns
ILF vs. EWZS - Drawdown Comparison
The maximum ILF drawdown since its inception was -67.48%, smaller than the maximum EWZS drawdown of -79.23%. Use the drawdown chart below to compare losses from any high point for ILF and EWZS.
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Drawdown Indicators
| ILF | EWZS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.48% | -79.23% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -17.05% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -48.78% | +19.07% |
Max Drawdown (10Y)Largest decline over 10 years | -57.79% | -63.15% | +5.36% |
Current DrawdownCurrent decline from peak | -4.82% | -24.68% | +19.86% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -36.71% | +12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 5.82% | -2.17% |
Volatility
ILF vs. EWZS - Volatility Comparison
The current volatility for iShares Latin American 40 ETF (ILF) is 11.60%, while iShares MSCI Brazil Small-Cap ETF (EWZS) has a volatility of 15.59%. This indicates that ILF experiences smaller price fluctuations and is considered to be less risky than EWZS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ILF | EWZS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 15.59% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 17.90% | 23.65% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 31.57% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.24% | 32.99% | -9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.59% | 36.81% | -8.22% |