EWZS Performance — iShares MSCI Brazil Small-Cap ETF
Data updated: 2026-07-27
EWZS returned +7.90% year to date and +16.17% over one year to May 2026. Annualised returns are +5.40% over 3 years and −2.22% over 5 years. The fund trailed its Brazil Equity category average: $100 invested three years ago grew to $117, against $145 for the category, and to $116 over one year, against $133. Volatility over the past three years was 27.64% a year. In the 12 months to May 2026 the fund took in a net $91.0M, and assets reached $250.74M.
EWZS Growth of $100
What $100 invested in iShares MSCI Brazil Small-Cap ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Brazil Equity category average over the same months.
| Period | EWZS | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $116 | $133 |
| 3 years (Jun 2023 – May 2026) | $117 | $145 |
| 5 years (Jun 2021 – May 2026) | $89 | $120 |
| Since data start (Sep 2019 – May 2026) | $103 | $125 |
EWZS Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.90% |
| 1 year | +16.17% |
| 3 years (annualised) | +5.40% |
| 5 years (annualised) | −2.22% |
EWZS Annual Returns
Calendar-year total returns of iShares MSCI Brazil Small-Cap ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +7.90% |
| 2025 | +44.34% |
| 2024 | −35.31% |
| 2023 | +31.24% |
| 2022 | −8.65% |
| 2021 | −15.80% |
| 2020 | −19.99% |
| 2019 (Sep–Dec) | +26.12% |
EWZS 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 | +14.0% | +5.2% | −6.2% | +2.7% | −6.6% | — | — | — | — | — | — | — |
| 2025 | +12.1% | −5.5% | +8.6% | +11.1% | +4.8% | +6.3% | −10.3% | +13.0% | +3.7% | −1.3% | +3.3% | −5.5% |
| 2024 | −7.0% | +0.6% | +3.1% | −9.8% | −2.2% | −6.8% | +1.2% | +5.1% | +0.2% | −6.0% | −10.1% | −9.5% |
| 2023 | +9.5% | −11.7% | +1.9% | +4.3% | +9.8% | +13.6% | +3.9% | −11.3% | −3.7% | −7.5% | +15.6% | +7.9% |
| 2022 | +8.6% | −1.1% | +17.2% | −11.8% | +3.2% | −22.6% | +6.2% | +8.3% | −6.1% | +12.3% | −10.5% | −5.0% |
| 2021 | −7.1% | −3.6% | +4.5% | +9.5% | +11.0% | +5.9% | −9.8% | −3.0% | −8.1% | −14.7% | −3.4% | +5.5% |
| 2020 | −2.7% | −12.9% | −46.0% | +9.5% | +5.1% | +12.9% | +14.3% | −4.8% | −6.8% | −3.4% | +23.7% | +11.0% |
| 2019 | — | — | — | — | — | — | — | — | +1.3% | +6.4% | −0.7% | +17.9% |
EWZS Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 27.64%
- 3-year Sharpe ratio: 0.03 (vs 4.5% risk-free rate)
- Best month: +15.63% (Nov 2023)
- Worst month: −11.34% (Aug 2023)
EWZS Fund Flows
Monthly money in and out of iShares MSCI Brazil Small-Cap ETF, from SEC Form N-PORT.
- 12-month net flow: $91.0M
- 12-month gross sales (incl. reinvestments): $204.2M
- Sales ÷ redemptions: 1.80×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $59.6M | −$59.6M |
| Apr 2026 | $0 | $11.1M | −$11.1M |
| Mar 2026 | $0 | $9.9M | −$9.9M |
| Feb 2026 | $133.2M | $0 | $133.2M |
| Jan 2026 | $25.1M | $0 | $25.1M |
| Dec 2025 | $0 | $9.7M | −$9.7M |
| Nov 2025 | $0 | $7.8M | −$7.8M |
| Oct 2025 | $3.8M | $0 | $3.8M |
| Sep 2025 | $7.0M | $0 | $7.0M |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $15.0M | −$15.0M |
| Jun 2025 | $35.1M | $0 | $35.1M |
EWZS Assets Under Management
Net assets of iShares MSCI Brazil Small-Cap ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $250.74M |
| 2026-02-28 | $364.34M |
| 2025-11-30 | $192.68M |
| 2025-08-31 | $178.92M |
| 2025-05-31 | $149.45M |
| 2025-02-28 | $111.21M |
| 2024-11-30 | $125.16M |
| 2024-08-31 | $126.46M |
| 2024-05-31 | $176.68M |
| 2024-02-29 | $247.17M |
| 2023-11-30 | $251.73M |
| 2023-08-31 | $207.30M |
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.