iShares MSCI Brazil ETF (EWZ)
| Assets | $5.23B |
| Expense Ratio | 0.59% |
| PE Ratio | 9.60 |
| Shares Out | 181.45M |
| Dividend (ttm) | $1.61 |
| Dividend Yield | 5.48% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 52.66% |
| Volume | 16,381,007 |
| Open | 28.96 |
| Previous Close | 28.91 |
| Day's Range | 28.96 - 29.35 |
| 52-Week Low | 22.26 |
| 52-Week High | 31.14 |
| Beta | 0.88 |
| Holdings | 52 |
| Inception Date | Jul 10, 2000 |
About EWZ
Fund Home PageThe iShares MSCI Brazil ETF (EWZ) is an exchange-traded fund that is based on the MSCI Brazil 25-50 index, a market-cap-weighted index of Brazilian firms covering the entire market-cap spectrum. EWZ was launched on Jul 10, 2000 and is issued by BlackRock.
Top 10 Holdings
56.57% of assets| Name | Symbol | Weight |
|---|---|---|
| Nu Holdings Ltd. | NU | 10.29% |
| Itaú Unibanco Holding S.A. | ITUB4 | 8.82% |
| Vale S.A. | VALE3 | 8.65% |
| Petróleo Brasileiro S.A. - Petrobras | PETR4 | 6.34% |
| Petróleo Brasileiro S.A. - Petrobras | PETR3 | 5.72% |
| Banco Bradesco S.A. | BBDC4 | 3.86% |
| B3 S.A. - Brasil, Bolsa, Balcão | B3SA3 | 3.65% |
| WEG S.A. | WEGE3 | 3.38% |
| Ambev S.A. | ABEV3 | 3.03% |
| Embraer S.A. | EMBR3 | 2.82% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.51519 | Jun 20, 2025 |
| Dec 17, 2024 | $1.09197 | Dec 20, 2024 |
| Jun 11, 2024 | $0.91436 | Jun 17, 2024 |
| Dec 20, 2023 | $1.22097 | Dec 27, 2023 |
| Jun 7, 2023 | $0.75622 | Jun 13, 2023 |
| Dec 13, 2022 | $2.02172 | Dec 19, 2022 |
Performance
EWZ had a total return of 14.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.68%.
News
EWZ: Why Brazilian Equities Stand Out In The Global Shift To Emerging Markets
I'm adopting a bullish stance on EWZ, supported by FX tailwinds, attractive valuations, and a potential stabilization of the Selic rate, despite ongoing fiscal and political risks. The recent rally in...
EWZ: This Is Why Brazilian Stocks Are Rising Even With Interest Rates At 15%
Brazil's Central Bank hiked interest rates by 0.25% to 15%, reaching the highest level since 2006. Lula's expansionary fiscal policies clash with contractionary monetary efforts, fueling inflation. Po...
EWZ: 2 Reasons Why I Don't Own This ETF
iShares MSCI Brazil ETF underperforms its top holdings due to index concentration and inclusion of underperforming stocks, making it less attractive long-term. Stock picking in Brazil offers better ri...
Brazil Is Good For A 7% Stable Yield And Some Upside As The USD Depreciates
Brazil's private domestic sector is supported by government deficit spending and private credit but faces a drain from the external sector. The stock market has been stagnant since 2009, but ETFs offe...
EXCLUSIVE: These Emerging Markets Are The Calm In The Tariff Storm
As global markets spiral from fresh tariff hikes, some emerging markets defy the chaos—surviving and thriving.
How Brazilian Equities Are Positioned Amid The U.S. Tariff Shake-Up
Brazil's economy faces challenges with inflation persistently above target and double-digit interest rates, which are impacting the performance of the EWZ amid global trade tensions. The Brazilian eco...
Brazilian Equities: Is The Perception-Driven Rebound Reliable?
Brazil's economic instability in 2024 was driven by fiscal mismanagement, rising debt, and inflation, leading to a 35% drop in the EWZ ETF. Despite initial bearish projections, EWZ rebounded in early ...
EWZ: Fiscal Crisis And Trump - Brazil Under Pressure (Rating Downgrade)
I am downgrading my recommendation on the iShares MSCI Brazil ETF from buy to neutral due to internal and external issues. Brazil faces rising interest rates, inflation outside the target, and fiscal ...
The Big 3: JD, X, EWZ
Alan Knuckman goes global with his Big 3 picks. He turns to example option trades in JD.com (JD), United States Steel Corp. (X) and the iShares MSCI Brazil ETF (EWZ).
EWZ: Wrong, Right, And Real In Emerging Markets
Investors are focused on all-time-highs in U.S. equity markets and ignoring improving valuations in foreign markets. Emerging markets face a range of problems, but may also be undervalued, especially ...
EWZ: Why The 2025 Outlook For Brazil Appears Bearish
The Brazilian economy faces significant challenges in 2024, including high inflation, rising interest rates, and a devalued currency, which has led to a sharp drop in EWZ. Fiscal policies under Presid...
EWZ: 3 Reasons To Take Advantage Of Cheap Brazilian Stocks
Brazilian assets have come under pressure amid growing fiscal concerns and rising US yields, driving the iShares MSCI Brazil ETF further into undervalued territory. The EWZ ETF now yields 8.8%, meanin...
Brazil Has a Great Economy but Awful Markets. Here's Why.
Investors are looking past the healthy present to a recurrence of Brazil's chronic economic disease: excessive government spending that spurs runaway inflation and crowds out growth.
EWZ: A Cautionary Tale Of Fiscal Struggles And Currency Chaos
Brazil faces rising inflation and a record fiscal deficit, causing iShares MSCI Brazil ETF to drop 19% in 2024 while the S&P 500 gained 20%. The Brazilian real has deeply weakened against the U.S. dol...
EWZ: Not Ideal, But Don't Write It Off Either
Brazilian equities have underperformed both global stocks and their EM counterparts quite significantly this year. EWZ is the largest Brazilian-themed ETF around, but the next largest offering - FLBR ...
China Outperforms The Rest Of The World
Shanghai CSI 300 has gone from a 52-week low to a 52-week high in only a couple of weeks. Other than China and Hong Kong, Australia is the only other international market starting the week at a 52-wee...
Market strengths here… and abroad
Market strengths here… and abroad.
Undercovered ETFs You Should Know About: 12 Analysts' Picks From August-September 2024
The 'Undercovered' Dozen ETF edition highlights less covered ETFs, focusing on seven in-depth analyses and five brief mentions, from articles published between August 15th and September 16th. The Inve...
EWZ: Opportunities Outweigh The Monetary Policy Uncertainty
Brazilian equities have gained 15.16% post-Black Monday, driven by the outperformance of financial stocks, positive external news, and mixed internal news. The largest tracking ETF is at its lowest fi...
EWZ: Why It Could Be A Good Time To Invest In Brazil
To invest in the Brazilian stock market, I chose the EWZ ETF because it is more liquid, even though it has fewer holdings and is more expensive than its peers. The economic prospects for Brazil are po...
EWZ: Worth The Risk Despite Lula Intervention
The EWZ tracks the performance of the MSCI Brazil index, which is dominated by commodity stocks and characterised by a high dividend yield and cheap valuations. Sentiment towards Brazilian stocks has ...
EWZ: High Return, Cheap Valuation And Prominent Position - Buy
With changes in global geopolitics, Brazil is positioning itself as a great investment alternative in emerging markets. Brazil has strong competitive advantages in agriculture, mining and the oil indu...
Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures
Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.