iShares MSCI Brazil ETF (EWZ)
| Assets | $13.14B |
| Expense Ratio | 0.59% |
| PE Ratio | 12.03 |
| Forward PE | 9.44 |
| Shares Out | 301.80M |
| Dividend | $1.36 (3.27%) |
| Ex-Dividend Date | Jun 15, 2026 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 39.25% |
| Volume | 42,644,646 |
| Open | 41.71 |
| Previous Close | 42.60 |
| Day's Range | 41.46 - 42.48 |
| 52-Week Low | 29.07 |
| 52-Week High | 43.90 |
| Beta | 0.60 |
| Holdings | 63 |
| 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
57.95% of assets| Name | Symbol | Weight |
|---|---|---|
| Itaú Unibanco Holding S.A. | ITUB4 | 8.39% |
| Nu Holdings Ltd. | NU | 8.34% |
| Petróleo Brasileiro S.A. - Petrobras | PETR4 | 8.00% |
| Vale S.A. | VALE3 | 7.67% |
| Petróleo Brasileiro S.A. - Petrobras | PETR3 | 7.57% |
| B3 S.A. - Brasil, Bolsa, Balcão | B3SA3 | 4.08% |
| Banco Bradesco S.A. | BBDC4 | 3.87% |
| USD CASH | USD | 3.64% |
| Banco BTG Pactual S.A. | BPAC11 | 3.29% |
| AXIA Energia SA | AXIA3 | 3.11% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 15, 2026 | $0.3307 | Jun 18, 2026 |
| Dec 30, 2025 | $0.10618 | Jan 5, 2026 |
| Dec 16, 2025 | $1.02679 | Dec 19, 2025 |
| Jun 16, 2025 | $0.51519 | Jun 20, 2025 |
| Dec 17, 2024 | $1.09197 | Dec 20, 2024 |
| Jun 11, 2024 | $0.91436 | Jun 17, 2024 |
Performance
EWZ had a total return of 49.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.94%.
News
Brazilian stocks are breaking out as investors look for opportunities beyond tech
Brazil's presidential election is powering optimism in the country's stock market — and capturing the attention of investors wary of having too much exposure to the U.S. stock market.
Brazil Looks to Slow Its Debt ‘Snowball.' It Won't Be Easy.
Budget deficits close to 10% of gross domestic product have pushed Brazil's central bank to maintain high interest rates.
Brazil Markets Are Betting on a Right-Wing Comeback. Major Hurdles Remain.
Markets are betting Flávio Bolsonaro can fix Brazil's balance sheet and rein in public spending. Translating political momentum into lasting economic reform will be a much harder task.
Brazil Real Surges After Bolsonaro Takes Surprising Lead
Flávio Bolsonaro took a surprise lead over Luiz Inácio Lula da Silva in the first round of Brazil's presidential election, making him the favorite to win the runoff which is to be held October 25. Bra...
Brazilian stocks jump as Bolsonaro now seen as heavy favorite to win presidency
Flávio Bolsonaro and Luiz Inácio Lula da Silva will face off in a run-off on Oct. 25 for Brazil's presidency, after both received the most but neither a majority of the votes in a first round result o...
Brazil's currency, stocks jump after Bolsonaro scores first-round upset
The Bovespa benchmark stock index gained more than 9% and the country's currency strengthened against the US dollar.
Lula or Bolsonaro: Wall Street braces for two wildly different results in Brazil election
"The Brazil trade is: Does Lula win or does Bolsonaro win?" said one economist.
Record ETF Launch Pace & Innovation Defined August
Late-summer vacations and school prep usually signal a sleepy August for Wall Street. However, exchange-traded funds (ETFs) had other plans in mind.
Brazil, ECB studying instant payments link in potential first cross-border move for Pix, sources say
Brazil's central bank and the European Central Bank (ECB) are studying a potential link between their instant payment systems, two people with direct knowledge of the matter said, in a move that could...
Traders are piling into this international stock market that just pulled ahead of the Nasdaq
The rally might be tied to commodities, which are also surging, or an expression of optimism around the country's upcoming general election in October.
BMO & REX Debut 3X Leveraged Brazil, Japan & Taiwan ETNs
On August 19, 2026, Bank of Montreal and REX Shares announced the launch of a new suite of exchange-traded notes (ETNs). These ETNs, issued by BMO, go live for trading on the Cboe BZX Exchange on Thur...
Brazil's Central Bank Cuts Rates as Inflation Eases
The bank's monetary committee cut the Selic benchmark lending rate to 14% from 14.25%, but indicated that uncertainty around its inflation projections remains higher than usual.
US tariffs on Brazil are a bitter pill for sugar and ethanol makers
Brazil's ethanol and sugar producers on Thursday despaired at the imposition of new 25% tariffs on Brazilian goods by the U.S. government, lamenting a rollback in cooperation between the two countrie...
U.S. Reignites Brazil Trade Battle With 25% Tariffs
Brazil's president called the levies “a lamentable milestone” in the relationship between the two most populated countries in the Americas.
U.S. slaps 25% tariff on most Brazilian goods over 'unfair trade practices'
The U.S. plans to impose a 25% tariff on most imports from Brazil starting next week. A separate U.S. probe into forced-labor enforcement has also proposed an additional 12.5% duty on Brazilian goods ...
U.S. to Impose 25% Tariff on Certain Goods From Brazil
The move follows a yearlong investigation by U.S. trade officials into what they described as unfair trade practices.
Trump Administration to Impose New Tariffs on Brazil
The United States accused the country of unfair trade practices. The tariff will replace ones that the Supreme Court struck down.
Brazil moves to meet EU antimicrobial rules, seeks to avoid export ban
Brazil's Agriculture Ministry has adjusted export controls for meat and derivatives to meet European Union antimicrobial usage requirements, aiming to prevent a suspension of shipments to the bloc s...
Cargill studies beef tallow for Brazil biodiesel as US tariffs bite
Cargill is studying the feasibility of using beef tallow to produce biodiesel in Brazil, a trader for the firm said on Tuesday, as U.S. tariffs have made exports of the animal fat less attractive.
Brazil Senate committee backs central bank autonomy despite Lula resistance
A Brazilian Senate committee on Wednesday advanced a bill to grant the central bank financial autonomy, boosting its independence in a move opposed by President Luiz Inacio Lula da Silva's administra...
Trump administration proposes 25% tariff on Brazilian goods over unfair trade practices
U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U.S. President Donald Trump.
Brazil plans $10 bln Eco Invest auction, eyes foreign investors
Brazil expects to raise 50 billion reais ($9.92 billion) in what will be the most ambitious auction yet under its Eco Invest program, focused on developing advanced sustainable technologies in strate...
Brazil stocks slide as hawkish signals, oil risks weigh on Ibovespa
Brazil's benchmark Ibovespa fell about 1% on Friday, slipping below the 179,000 mark as investors recalibrated expectations in response to a more cautious tone from central banks and escalating geopol...
Brazil stocks hover near record highs as commodities, banks drive gains
As investors balanced optimism over a potential de-escalation in the Middle East with ongoing geopolitical uncertainty, Brazil's benchmark Ibovespa index posted a modest gain on Tuesday, remaining abo...