EWZS
iShares MSCI Brazil Small-Cap ETF
iShares MSCI Brazil Small-Cap ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the performance of the MSCI Brazil Small Cap Index Fund.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 228.3 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Inception date | Sep 28, 2010 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CIA SANEAMENTO MINAS GERAIS | 5.3 % |
| TOTVS SA | 4.9 % |
| LOJAS RENNER S.A. | 4.5 % |
| SENDAS DISTRIBUIDORA SA | 3.6 % |
| ALLOS SA | 3.6 % |
| MULTIPLAN EMPREENDIMENTOS | 3.2 % |
| METALURGICA GERDAU SA-PREF | 3.0 % |
| SMARTFIT ESCOLA DE GINASTICA E DAN | 2.8 % |
| NATURA SA | 2.6 % |
| BRAVA ENERGIA | 2.5 % |
Constituent Breakdown
| Number of holdings | 71 |
| Herfindahl-Hirschman Index | 222 |
| Wgt avg mkt cap (mns) | $1,542 |
| Large cap (>$10bn) | 33.2% |
| Mid cap ($2-10bn) | 45.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 2.3% |
| Emerging mkts. | 78.3% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 78.2 % |
 |
CAYMAN ISLANDS | 1.2 % |
 |
CANADA | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.4% | -2.1% | 5.1% | -4.8% | -8.1% | 2.4% | -- | -4.3% |
| Dividend Yield | 1.0% | 3.8% | 3.9% | 3.4% | 3.5% | 3.6% | -- | 3.0% |
| Total Returns | 1.4% | 1.7% | 9.0% | -1.4% | -4.6% | 6.1% | -- | -1.2% | Ann. Volatility | 35.0% | 30.6% | 31.2% | 29.3% | 33.2% | 36.7% | -- | 33.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.33 | 30% |
| MSCI EAFE | 1.30 | 44% |
| MSCI Emg Mkts | 0.79 | 35% |
Liquidity Measures
| Avg. volume (000) | 131 |
| ADV traded (mns) | $2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $13.20 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.08/-0.07 |
| Bollinger Bands (Upper/Lower) | $13.57/$12.65 |
| Short interest (% of AUM) | 3.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EWZS |
Expenses vs. EWZS |
ALTAR Score™ vs. EWZS |
|---|---|---|---|---|
| BRF | VanEck Brazil Small-Cap ETF | 42.5% | +7 bp | +0.4% |
| SDIV | Global X Superdividend ETF | 10.5% | -1 bp | +0.2% |
Risk and Returns: EWZS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/30/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
13.2%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 213 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.0% and a standard deviation
of 2.3%. EWZS's ALTAR Score™ is approximately 2.3 standard
deviations above the category average. This places EWZS in the 99th percentile
among funds in the category.
Sell-Side Consensus
$17.48
PRICE TARGET
+35.9%
UPSIDE