EWZS holdings and overlap
iShares MSCI Brazil Small-Cap ETF (EWZS) holds 66 positions in its iShares file of 2026-10-27. Its three largest are Totvs (TOTS3.BR) at 6.70%, Companhia de Saneamento de Minas G (CSMG3.BR) at 4.51% and Sendas Distribuidora (ASAI3.BR) at 3.91%, and its ten largest make up 37.8% of the fund.
In its iShares file of 2026-10-27, EWZS holds none of the mega-cap tech companies and none of the ten largest US companies by market value. By country, 99.0% of EWZS is in Brazil.
What does EWZS hold, as of its issuer file of 2026-10-27?
EWZS spreads its weight across 66 positions, against a median of 41 across the 5 Latin America funds with a page here. No fund with a page here holds more TOTS3.BR than EWZS does, out of the 14 that hold it at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | TOTS3.BR Totvs | 6.7% | |
| 2 | CSMG3.BR Companhia de Saneamento de Minas G | 4.51% | |
| 3 | ASAI3.BR Sendas Distribuidora | 3.91% | |
| 4 | ALOS3.BR Allos SA | 3.65% | |
| 5 | LREN3.BR Lojas Renner | 3.45% | |
| 6 | GOAU4.BR Metalurgica Gerdau Pref SA | 3.33% | |
| 7 | MULT3.BR Multiplan Empreendimentos Imobilia | 3.32% | |
| 8 | SMFT3.BR Smartfit Escola de Ginastica E Dan | 3.03% | |
| 9 | STNE StoneCo | 3.02% | |
| 10 | ISAE4.BR Isa Energia Brasil Pref SA | 2.91% | |
| 11 | TAEE11.BR Transmissora Alianca Energia Eletr | 2.72% | |
| 12 | HYPE3.BR Hypermarcas | 2.46% | |
| 13 | PAGS PagSeguro Digital Ltd. Class A | 2.28% | |
| 14 | INTR Inter | 2.09% | |
| 15 | FLRY3.BR Fleury | 2.04% | |
| 16 | ALUP11.BR Alupar Investimento Units | 1.97% | |
| 17 | SAPR11.BR Cia Saneamento do Parana Units | 1.88% | |
| 18 | IGTI11.BR Iguatemi Unit SA | 1.87% | |
| 19 | GGPS3.BR GPS Participacoes E Empreendimento | 1.86% | |
| 20 | CYRE3.BR Cyrela Brazil Realty SA | 1.85% | |
| 21 | NATU3.BR Natura SA | 1.78% | |
| 22 | CSAN3.BR Cosan Industria E Comercio | 1.73% | |
| 23 | BRAP4.BR Bradespar Pref SA | 1.71% | |
| 24 | CURY3.BR Cury Constrtutora E Incorporadora | 1.56% | |
| 25 | BRAV3.BR Brava Energia | 1.26% | |
| 26 | AURE3.BR Auren Energia SA | 1.26% | |
| 27 | SLCE3.BR SLC Agricola SA | 1.23% | |
| 28 | IRBR3.BR Irb Brasil Resseguros SA | 1.22% | |
| 29 | PAX Patria Investments Limited | 1.16% | |
| 30 | JHSF3.BR JHSF Participacoes SA | 1.16% | |
| 31 | CSNA3.BR Companhia Siderurgica Nacional SA | 1.14% | |
| 32 | COGN3.BR Cogna Educacao SA | 1.13% | |
| 33 | DIRR3.BR Direcional Engenharia | 1.13% | |
| 34 | POMO4.BR Marcopolo Pref | 1.07% | |
| 35 | USIM5.BR Usinas Siderurgicas de Minas Gerai | 1.04% | |
| 36 | SMTO3.BR Sao Martinho SA | 1.03% | |
| 37 | SGML Sigma Lithium | 1.01% | |
| 38 | BRSR6.BR Banco do Estado do Rio Grande do S | 1.0% | |
| 39 | PASS3.BR Compass Gas E Energia SA | 0.99% | |
| 40 | SAPR4.BR Cia Saneamento Pref | 0.93% | |
| 41 | UNIP6.BR Unipar Participacoes Pref | 0.93% | |
| 42 | ORVR3.BR Orizon Valorizacao de Residuos SA | 0.87% | |
| 43 | VIVA3.BR Vivara Participacoes SA | 0.84% | |
| 44 | MGLU3.BR Magazine Luiza SA | 0.81% | |
| 45 | DXCO3.BR Dexco SA | 0.8% | |
| 46 | AZZA3.BR Azzas | 0.74% | |
| 47 | ABCB4.BR Banco Abc Brasil Pref SA | 0.73% | |
| 48 | ECOR3.BR Ecorodovias Infraestrutura E Logis | 0.7% | |
| 49 | FRAS3.BR Fras-Le SA | 0.68% | |
| 50 | CBAV3.BR Companhia Brasileira de Aluminio | 0.67% | |
| 51 | GMAT3.BR Grupo Mateus | 0.65% | |
| 52 | ALPA4.BR Sao Paulo Alpargatas Pref | 0.64% | |
| 53 | LEVE3.BR Mahle-Metal Leve SA | 0.63% | |
| 54 | VAMO3.BR Vamos Locacao de Caminhoes Maquina | 0.55% | |
| 55 | HBSA3.BR Hidrovias do Brasil | 0.54% | |
| 56 | VULC3.BR Vulcabras Azaleia | 0.53% | |
| 57 | BEEF3.BR Minerva | 0.52% | |
| 58 | INTB3.BR Intelbras Telecomunicacoes SA | 0.51% | |
| 59 | RECV3.BR Petroreconcavo | 0.5% | |
| 60 | SIMH3.BR Simpar | 0.47% | |
| 61 | VINP Vinci Compass Investments | 0.44% | |
| 62 | TTEN3.BR Tres Tentos Agroindustrial SA | 0.44% | |
| 63 | HAPV3.BR Hapvida Participacoes E Investimen | 0.42% | |
| 64 | MDIA3.BR M Dias Branco Industria SA | 0.4% | |
| 65 | MOVI3.BR Movida Participacoes SA | 0.39% | |
| 66 | BRKM5.BR Braskem Pref | 0.25% |
The most recent file iShares has published for EWZS is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 66 positions EWZS holds, with its weight, is in the fund's JSON file. See the other 13 ETFs with a page here that hold TOTS3.BR, and how their weights compare with the 6.7% EWZS gives it.
Category: Latin America, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks with a known country are in Brazil, which this site counts in Latin America. How categories are set.
https://tickerinside.com/api/v1/fund/ewzs.jsonhttps://tickerinside.com/api/v1/fund/ewzs.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/ewzs.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/ewzs.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/ewzs.jsonHow much money went into or out of EWZS?
EWZS's flow on the close of Friday, October 23, 2026 is not measured: the two measures of it, from its holdings, disagreed, as they do on a rebalance or a corporate action. Over its last 5 closes, a net inflow of $86 million, 4 of them measured.
From EWZS's own holdings files. Every ETF's latest flows.
How is EWZS split by sector and country?
A sector is found for 31.8% of EWZS's stock weight, under the 50% from which this page states sector weights; the weights found are in the fund's JSON file.
| Country | Weight | Weight bar |
|---|---|---|
| Brazil | 99.0% |
From its iShares file of 2026-10-27. How these are measured.
What did EWZS hold in its SEC reports since 2019?
In EWZS's SEC filings, its largest position went from AZUL4.BR at 5.50% on 2019-11-30 to Lojas Renner S.A. (LREN3.BR) at 4.90% on 2026-05-31, across 27 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-11-30 | 76 | AZUL4.BR 5.50% | 32.1% |
| 2020-11-30 | 81 | BRAP4.BR 4.39% | 31.8% |
| 2021-11-30 | 89 | EMBR3.BR 4.23% | 29.0% |
| 2022-11-30 | 104 | ASAI3.BR 5.14% | 28.5% |
| 2023-11-30 | 89 | EMBR3.BR 5.21% | 29.6% |
| 2024-11-30 | 81 | LREN3.BR 5.56% | 30.5% |
| 2025-11-30 | 69 | LREN3.BR 4.94% | 32.8% |
| 2026-05-31 | 66 | LREN3.BR 4.90% | 33.4% |
The first report, then the last of each year, of the 27 reports EWZS filed on SEC Form N-PORT from 2019-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/ewzs/{date}.json. How these are read.
What does EWZS share with other ETFs?
The ETF nearest to EWZS is DVYE: the two hold 5.7% of their weight in common, in the 12 companies both own, and 16.5% of EWZS itself is also held there. EWZS barely overlaps any covered ETF.
| ETF | Overlap by weight | Of EWZS held there | Of that ETF in EWZS | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| DVYE | 5.7% | 16.5% | 5.7% | 12 | |
| PIO | 4.5% | 4.6% | 4.8% | 1 | |
| AVEE | 4.4% | 73.1% | 4.4% | 51 | |
| EEMS | 3.3% | 98.6% | 3.3% | 63 | |
| BPAY | 2.7% | 7.5% | 2.7% | 3 | |
| CGW | 2.5% | 6.5% | 2.6% | 2 | |
| EWX | 2.2% | 48.9% | 2.2% | 41 | |
| EFRA | 1.4% | 8.4% | 1.4% | 4 | |
| CVY | 1.3% | 2.1% | 1.4% | 1 | |
| PBW | 1.0% | 1.0% | 1.3% | 1 | |
| ILIT | 1.0% | 1.0% | 3.3% | 1 | |
| REMX | 1.0% | 1.0% | 1.4% | 1 |
AVEE's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. REMX's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-26. The other ETFs' holdings are from their issuers' latest files. Check EWZS against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to EWZS?
SOXX shares 0% of weight with EWZS and its weekly returns correlate with it at 0.14 over three years. The table lists the covered ETFs with the least in common with EWZS, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| SOXX | iShares Semiconductor ETF | 0.0% | 0.14 | 0 |
| VLUE | iShares MSCI USA Value Factor ETF | 0.0% | 0.22 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.23 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.24 | 0 |
| IJH | iShares Core S&P Mid-Cap ETF | 0.0% | 0.25 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.25 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.25 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.26 | 0 |
Cost, returns and risk
| Expense ratio | 0.59% |
|---|---|
| Dividend yield | 3.85% |
| Total return, 1 year | -16.7% |
| Total return, 3 years cumulative | -8.8% |
| Total return, 5 years cumulative | -10.8% |
| Volatility, annualised | 36.0% |
| Worst fall, 3 years | -36.4% |
| Beta against SPY, 3 years of weekly returns | 0.66 |
| Weight in the ten largest positions | 37.8% |
| Largest single position | 6.7% |
| Assets under management | $0.2B |
Expense ratio, yield and assets are reference data (the expense ratio from EWZS's SEC filing of 2025-12-19); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.26barely linked | 127 |
| QQQ | 0.22barely linked | 152 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | -14.0% |
| 2025 | 45.2% |
| 2024 | -35.9% |
| 2023 | 32.7% |
| 2022 | -11.2% |
One year
Where to go next
- ILF, iShares Latin America 40 ETF
- EPU, iShares MSCI Peru and Global Exposure ETF
- EWW, iShares MSCI Mexico ETF
- EWZ, iShares MSCI Brazil ETF
- Run a portfolio x-ray to see what EWZS carries once you look through it
- Compare EWZS against any other ETF in the builder
Holdings from the most recent file iShares has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, iShares MSCI Brazil Small-Cap ETF (EWZS), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/ewzs/, CC BY 4.0
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