EWZ Performance — iShares MSCI Brazil ETF
Data updated: 2026-07-27
EWZ returned +12.76% year to date and +39.52% over one year to May 2026. Annualised returns are +14.79% over 3 years and +6.53% over 5 years. The fund beat its Brazil Equity category average: $100 invested three years ago grew to $151, against $145 for the category, and to $140 over one year, against $133. Volatility over the past three years was 24.76% a year. In the 12 months to May 2026 the fund took in a net $4.4B, and assets reached $10.17B.
EWZ Growth of $100
What $100 invested in iShares MSCI Brazil ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Brazil Equity category average over the same months.
| Period | EWZ | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $140 | $133 |
| 3 years (Jun 2023 – May 2026) | $151 | $145 |
| 5 years (Jun 2021 – May 2026) | $137 | $120 |
| Since data start (Sep 2019 – May 2026) | $135 | $125 |
EWZ Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.76% |
| 1 year | +39.52% |
| 3 years (annualised) | +14.79% |
| 5 years (annualised) | +6.53% |
EWZ Annual Returns
Calendar-year total returns of iShares MSCI Brazil ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +12.76% |
| 2025 | +48.18% |
| 2024 | −29.94% |
| 2023 | +31.78% |
| 2022 | +13.23% |
| 2021 | −17.61% |
| 2020 | −19.79% |
| 2019 (Sep–Dec) | +17.16% |
EWZ Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +16.5% | +4.5% | −1.4% | +3.8% | −9.5% | — | — | — | — | — | — | — |
| 2025 | +12.0% | −5.0% | +7.2% | +4.6% | +0.4% | +7.9% | −7.4% | +10.3% | +5.3% | +0.7% | +7.7% | −1.8% |
| 2024 | −5.9% | +0.5% | −2.0% | −4.2% | −4.9% | −4.5% | +1.9% | +7.1% | −1.2% | −5.7% | −8.1% | −7.1% |
| 2023 | +7.5% | −9.6% | +0.2% | +3.7% | +1.1% | +15.5% | +4.6% | −8.9% | −0.3% | −3.3% | +14.3% | +6.5% |
| 2022 | +12.8% | +5.0% | +14.3% | −13.3% | +7.7% | −19.0% | +6.0% | +5.1% | −2.9% | +10.2% | −2.9% | −4.3% |
| 2021 | −7.9% | −6.1% | +4.2% | +6.4% | +9.4% | +5.9% | −8.0% | −2.2% | −11.9% | −9.2% | −0.8% | +3.8% |
| 2020 | −7.2% | −13.1% | −38.1% | +5.2% | +8.3% | +7.1% | +14.4% | −8.9% | −7.1% | −2.7% | +23.3% | +13.3% |
| 2019 | — | — | — | — | — | — | — | — | +2.4% | +6.0% | −4.2% | +12.6% |
EWZ Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 24.76%
- 3-year Sharpe ratio: 0.42 (vs 4.5% risk-free rate)
- Best month: +16.46% (Jan 2026)
- Worst month: −9.49% (May 2026)
EWZ Fund Flows
Monthly money in and out of iShares MSCI Brazil ETF, from SEC Form N-PORT.
- 12-month net flow: $4.4B
- 12-month gross sales (incl. reinvestments): $4.7B
- Sales ÷ redemptions: 13.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $301.4M | −$301.4M |
| Apr 2026 | $1.5B | $0 | $1.5B |
| Mar 2026 | $199.3M | $2 | $199.3M |
| Feb 2026 | $511.3M | $0 | $511.3M |
| Jan 2026 | $922.6M | $0 | $922.6M |
| Dec 2025 | $411.8M | $0 | $411.8M |
| Nov 2025 | $99.1M | $0 | $99.1M |
| Oct 2025 | $285.4M | $0 | $285.4M |
| Sep 2025 | $0 | $21.6M | −$21.6M |
| Aug 2025 | $0 | $40.0M | −$40.0M |
| Jul 2025 | $237.6M | $0 | $237.6M |
| Jun 2025 | $541.2M | $0 | $541.2M |
EWZ Assets Under Management
Net assets of iShares MSCI Brazil ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $10.17B |
| 2026-02-28 | $9.65B |
| 2025-11-30 | $6.59B |
| 2025-08-31 | $5.43B |
| 2025-05-31 | $4.30B |
| 2025-02-28 | $3.13B |
| 2024-11-30 | $3.47B |
| 2024-08-31 | $4.09B |
| 2024-05-31 | $4.64B |
| 2024-02-29 | $5.28B |
| 2023-11-30 | $5.64B |
| 2023-08-31 | $5.13B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.