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
$ 220.8 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 +
| TOTVS SA | 5.5 % |
| CIA SANEAMENTO MINAS GERAIS | 5.4 % |
| LOJAS RENNER S.A. | 4.5 % |
| SENDAS DISTRIBUIDORA SA | 3.9 % |
| ALLOS SA | 3.6 % |
| MULTIPLAN EMPREENDIMENTOS | 3.2 % |
| METALURGICA GERDAU SA-PREF | 3.1 % |
| SMARTFIT ESCOLA DE GINASTICA E DAN | 2.7 % |
| NATURA SA | 2.5 % |
| PAGSEGURO DIGITAL LTD. CLASS A | 2.5 % |
Constituent Breakdown
| Number of holdings | 71 |
| Herfindahl-Hirschman Index | 222 |
| Wgt avg mkt cap (mns) | $1,542 |
| Large cap (>$10bn) | 34.3% |
| Mid cap ($2-10bn) | 44.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 2.2% |
| Emerging mkts. | 79.3% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 79.3 % |
 |
CAYMAN ISLANDS | 1.2 % |
 |
CANADA | 1.0 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.2% | 11.8% | 5.2% | -5.4% | -5.9% | 1.2% | -- | -4.1% |
| Dividend Yield | 1.0% | 4.3% | 3.9% | 3.4% | 3.6% | 3.6% | -- | 3.0% |
| Total Returns | 3.2% | 16.1% | 9.1% | -1.9% | -2.3% | 4.8% | -- | -1.1% | Ann. Volatility | 33.9% | 30.9% | 31.1% | 29.4% | 33.0% | 36.7% | -- | 33.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.36 | 32% |
| MSCI EAFE | 1.33 | 46% |
| MSCI Emg Mkts | 0.74 | 34% |
Liquidity Measures
| Avg. volume (000) | 117 |
| ADV traded (mns) | $1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| 30d moving avg. (EMA) | $13.17 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.05/-0.07 |
| Bollinger Bands (Upper/Lower) | $13.59/$12.68 |
| 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 | +0.2% |
| SDIV | Global X Superdividend ETF | 10.5% | -1 bp | 0.0% |
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 8/9/2026
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
13.4%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 215 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.3%. EWZS's ALTAR Score™ is approximately 2.6 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
+36.6%
UPSIDE