EWZ

iShares MSCI Brazil ETF

Tracks the MSCI Brazil 25/50 Index. Concentrated in financials (Itaú, Bradesco), energy (Petrobras), and mining (Vale). Sensitive to commodity prices, BRL exchange rate, and domestic political risk.

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EquityTER 0.59%Dist.

TER

0.59%

AUM

$5B

CAGR

6.9%

Volatility

35.6%

Sharpe

0.11

Max Drawdown

-73.6%

Data Range

2000-07 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-8.7%

Worst DD-73.6%

Worst date2016-01

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return10.3%

Best82.3%

Worst-27.3%

% positive61%

274 periods

Key Facts

ISIN

US4642864007

Issuer

BlackRock

Benchmark

MSCI Brazil 25/50 Index

Total Expense Ratio (TER)

0.59%

Assets Under Management

$5B approx.

Inception Date

2000-07-10

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Physical (Full Replication)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

~50

Top 10 Holdings

Top 10 represent 51.3% of the fund.

VALE3Vale SA

13.00%

Materials

PETR4Petrobras

11.00%

Energy

ITUB4Itaú Unibanco

6.50%

Financials

BBDC4Bradesco

4.20%

Financials

B3SA3B3 SA

3.50%

Financials

WEGE3WEG SA

3.20%

Industrials

RENT3Localiza SA

2.80%

Industrials

ABEV3Ambev SA

2.50%

Consumer Staples

BBAS3Banco do Brasil

2.40%

Financials

SUZB3Suzano SA

2.20%

Materials

Sector Breakdown

Financials

28%

Materials

16%

Energy

15%

Consumer Staples

Industrials

Utilities

Consumer Discretionary

Communication Services

Source: Official issuer data · Last updated: 2026-05-12

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Who Is This ETF For?

✓Investors seeking growth exposure to emerging economies (China, India, Brazil, Taiwan, etc.).

Key Risks to Consider

• Market risk: equity values can drop 30-50% in severe bear markets.

• Political and currency risk in emerging markets. Higher volatility than developed markets.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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IEMG0.09% TER

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EIMI0.18% TER

iShares Core MSCI EM IMI UCITS ETF (Acc)

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MCHI0.59% TER

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), BlackRock (metadata)Last verified: 2026-04-17

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💬 Frequently Asked Questions

Tracks the MSCI Brazil 25/50 Index. Concentrated in financials (Itaú, Bradesco), energy (Petrobras), and mining (Vale). Sensitive to commodity prices, BRL exchange rate, and domestic political risk.

EWZ has a total expense ratio (TER) of 0.59%, which means you pay $59 per year for every $10,000 invested.

Yes, EWZ is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

EWZ is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

EWZ uses full physical replication, meaning it holds all (or nearly all) securities in the MSCI Brazil 25/50 Index index directly.