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
125.3 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 28, 2010 |
| Assets (mns) | $125 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LOJAS RENNER S.A. | 6.4 % |
| ALLOS SA | 3.4 % |
| TERNA PARTICIPACOES S.A-UNIT | 3.1 % |
| METALURGICA GERDAU SA-PREF | 3.0 % |
| GPS PARTICIPACOES E EMPREENDIMENTO | 2.9 % |
| MULTIPLAN EMPREENDIMENTOS | 2.8 % |
| MARFRIG ALIMENTOS SA | 2.5 % |
| MARCOPOLO SA-PREF | 2.5 % |
| SANTOS BRASIL PARTICIPACOES SA | 2.5 % |
| CYRELA BRAZIL REALTY | 2.4 % |
Constituent Breakdown
| Number of holdings | 83 |
| Herfindahl-Hirschman Index | 196 |
| Wgt avg mkt cap (mns) | $1,166 |
| Large cap (>$10bn) | 1.5% |
| Mid cap ($2-10bn) | 15.7% |
| Small cap (<$2bn) | 74.4% |
| Developed mkts. | 5.3% |
| Emerging mkts. | 94.7% |
Country Exposure
 |
BRAZIL | 75.6 % |
 |
CANADA | 1.8 % |
 |
CAYMAN ISLANDS | 1.6 % |
 |
BRITAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -22.9% | -4.7% | -7.7% | -2.0% | -6.2% | -0.7% | -2.9% | Volatility | 24.6% | 25.0% | 29.3% | 33.0% | 41.6% | 37.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 38% |
| MSCI EAFE | 0.95 | 28% |
| MSCI Emg Mkts | 0.65 | 13% |
Liquidity Measures
| Avg. volume (000) | 184 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $447 |
Technical Indicators
| Recent close | $11.44 |
| 30d moving avg. | $12.23 |
| Annualized volatility | 31.7% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 5.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 54.4% | +7 bp | -1.3% |
| FBZ | First Trust Brazil AlphaDEX Fund | 13.9% | +21 bp | +2.3% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EWZS
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
EWZS
11.0%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. EWZS's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places EWZS in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EWZSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| EWZS (59 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EWZS | 59.0 | 21.2 | 80.2 |
| Peer Avg. | 53.4 | 25.5 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .