EWZ vs IVV
iShares MSCI Brazil ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EWZ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | EWZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $8.2B | $907.0B | |
| Dividend Yield | 4.01% | 1.10% | |
| Holdings | 54 | 508 | |
| YTD Return | +7.41% | +13.22% | |
| 1Y Return | +30.84% | +21.62% | |
| 3Y Return (annualized) | +10.55% | +22.17% | |
| 5Y Return (annualized) | +7.98% | +13.42% | |
| Volatility (annualized) | 34.2% | 15.1% | |
| Max Drawdown | -82.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 10, 2000 | May 15, 2000 |
EWZ vs IVV Performance
iShares MSCI Brazil ETF (EWZ) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EWZ returned +30.84% while IVV returned +21.62%. Year to date, EWZ is up 7.41% versus a gain of 13.22% for IVV.
Over three years, EWZ compounded at +10.55% per year against +22.17% for IVV; over five years the annualized figures are +7.98% and +13.42% respectively. Across the full 26-year window we track, IVV has the edge at +7.02% annualized vs +3.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWZ has been the more volatile fund, with annualized monthly volatility of 34.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -82.8% for EWZ and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWZ charges 0.59% per year while IVV charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, EWZ currently yields 4.01% against 1.10% for IVV.
Holdings Overlap
EWZ and IVV share 1 holdings out of 551 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EWZ | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.00% | 0.15% | 0.15% |
Frequently Asked Questions
Which is cheaper, EWZ or IVV?
EWZ has an expense ratio of 0.59% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, EWZ or IVV?
Over the past year EWZ returned +30.84% vs +21.62% for IVV, so EWZ leads on 1-year performance. Over the longest common window we track (26 years), EWZ annualized +3.91% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, EWZ or IVV?
EWZ has been the more volatile fund at 34.2% annualized versus 15.1% for IVV. Worst drawdown: EWZ -82.8% vs IVV -56.5%.
Should I hold both EWZ and IVV?
EWZ and IVV have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWZ and IVV?
EWZ and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 551 unique securities.
Which pays a higher dividend, EWZ or IVV?
EWZ yields 4.01% while IVV yields 1.10%, so EWZ currently pays the higher dividend yield.
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