EWZS vs VOO
iShares MSCI Brazil Small-Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | EWZS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $208M | $997.4B | |
| Dividend Yield | 3.86% | 1.08% | |
| Holdings | 81 | 509 | |
| YTD Return | -3.63% | +12.68% | |
| 1Y Return | +4.13% | +21.87% | |
| 3Y Return (annualized) | -1.13% | +22.06% | |
| 5Y Return (annualized) | -2.12% | +12.95% | |
| Volatility (annualized) | 33.6% | 14.1% | |
| Max Drawdown | -81.7% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 28, 2010 | Sep 7, 2010 |
EWZS vs VOO Performance
iShares MSCI Brazil Small-Cap ETF (EWZS) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EWZS returned +4.13% while VOO returned +21.87%. Year to date, EWZS is down 3.63% versus a gain of 12.68% for VOO.
Over three years, EWZS compounded at -1.13% per year against +22.06% for VOO; over five years the annualized figures are -2.12% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs -3.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWZS has been the more volatile fund, with annualized monthly volatility of 33.6% compared with 14.1% for VOO. 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 -81.7% for EWZS and -34.3% for VOO. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWZS charges 0.60% per year while VOO charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, EWZS currently yields 3.86% against 1.08% for VOO.
Holdings Overlap
EWZS and VOO share 0 holdings out of 578 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EWZS or VOO?
EWZS has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, EWZS or VOO?
Over the past year EWZS returned +4.13% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EWZS annualized -3.24% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, EWZS or VOO?
EWZS has been the more volatile fund at 33.6% annualized versus 14.1% for VOO. Worst drawdown: EWZS -81.7% vs VOO -34.3%.
Should I hold both EWZS and VOO?
EWZS and VOO have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWZS and VOO?
EWZS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 578 unique securities.
Which pays a higher dividend, EWZS or VOO?
EWZS yields 3.86% while VOO yields 1.08%, so EWZS currently pays the higher dividend yield.
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