iShares MSCI Brazil ETF (EWZ)
| Assets | $9.65B |
| Expense Ratio | 0.59% |
| PE Ratio | 11.95 |
| Shares Out | 247.80M |
| Dividend (ttm) | $1.65 |
| Dividend Yield | 4.26% |
| Ex-Dividend Date | Dec 30, 2025 |
| Payout Ratio | 50.87% |
| 1-Year Return | +55.67% |
| Volume | 28,461,575 |
| Open | 38.74 |
| Previous Close | 39.10 |
| Day's Range | 38.62 - 39.12 |
| 52-Week Low | 23.05 |
| 52-Week High | 39.69 |
| Beta | 0.74 |
| 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
56.87% of assets| Name | Symbol | Weight |
|---|---|---|
| Vale S.A. | VALE3 | 11.12% |
| Nu Holdings Ltd. | NU | 9.14% |
| Itaú Unibanco Holding S.A. | ITUB4 | 9.06% |
| Petróleo Brasileiro S.A. - Petrobras | PETR4 | 6.17% |
| Petróleo Brasileiro S.A. - Petrobras | PETR3 | 5.50% |
| Banco Bradesco S.A. | BBDC4 | 3.55% |
| B3 S.A. - Brasil, Bolsa, Balcão | B3SA3 | 3.51% |
| WEG S.A. | WEGE3 | 3.07% |
| Ambev S.A. | ABEV3 | 2.90% |
| Companhia de Saneamento Básico do Estado de São Paulo - SABESP | SBSP3 | 2.85% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Dec 20, 2023 | $1.22097 | Dec 27, 2023 |
News
EWZ: This Is How The 'Donroe Doctrine' Impacts Brazilian Assets
I am raising iShares MSCI Brazil ETF from hold to buy, citing strong momentum and favorable geopolitical dynamics. EWZ benefits from U.S. national security strategy shifts, anticipated American influe...
Brazil markets rise as Lula interview and earnings season take center stage
As investors concentrated on political developments and a packed schedule of corporate earnings, Ibovespa futures were trading higher on Thursday, indicating a cautiously optimistic tone in Brazilian ...
ETF Edge: A fundamental shift in international investing as geopolitical concerns swing markets
Political and economic tensions, domestic headlines, currency flows and the Federal Reserve have all combined to reignite the “United States vs. international” investing debate.
EWZ: Favorable Risk-Reward Even After A Strong 2025
iShares MSCI Brazil ETF's 2025 rally was driven by global flows, USD weakness, and carry—not by domestic growth or fiscal reform. Even after the re-rating, EWZ remains attractive versus developed mark...
Trade Tracker: Stephanie Link sells the INDA and buys the EWZ
Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to detail her latest portfolio moves outside of the U.S.
Brazilian stocks rally on higher oil prices and strong services data
Brazilian equities posted strong gains on Tuesday, supported by higher oil prices and fresh signs of improving domestic economic activity. According to InfoMoney, the Ibovespa — the benchmark index — ...
The Top-Performing Ex-U.S. Equities Regions This Year Will Surprise You
2025 was a big year for ex-U.S. equities, as a declining dollar, tariff uncertainty, and domestic concentration risk drove investors abroad. Broad ex-U.S. equities performed well and rewarded those in...
Brazil's Stock Market Had a Knockout Year. More Gains Hinge on Political Change.
What's driving the bull run in Brazilian stocks is the prospect of change under a new president after the election next October.
This Hasn't Happened Since 2018, And Could Redefine The Course Of The Brazilian Elections
I maintain a Hold rating on EWZ and other ETFs tracking Brazilian indices, citing unattractive risk-return for long-term investors. Recent gains in EWZ are attributed to global factors like Fed rate c...
EWZ: Brazil Has A Reasonably Upbeat Outlook For 2026
The iShares MSCI Brazil ETF has surged 48% year-to-date. EWZ's top position is Nu Holdings, a high-growth fintech that offers significant upside potential. I have some reservations about the Brazil ET...
5 Best Stocks For Mild Stagflation
Inflation is expected to remain sticky and GDP expected to range between 1.7 to 2.1% in 2026. The U.S. may avoid stagflation, but mild forms are present and may linger. While investors won't likely ne...
These Single-Country ETFs Can Hedge Your U.S. Risk
Single-country funds can reduce overall portfolio risk by acting differently than the S&P 500, offering diversification beyond broad international indexes.
Tariffs Be Damned. These Latin America Funds Are Buys.
Part of the rally in Latin America stock funds is currency-related. But another driver is that the stocks are exceptionally cheap.
EWZ: Poised For Gains From BRL Strength
iShares MSCI Brazil ETF remains an attractive play for 2025, driven by BRL appreciation against the USD and appealing valuations. High-interest rates in Brazil and lower interest rates in the U.S. att...
EWZ: Brazil Stocks Breakout, Bullish Trends Into Year-End
The iShares MSCI Brazil-Capped ETF is rated a "Buy," supported by strong recent momentum and compelling valuation metrics. EWZ offers exposure to large- and mid-cap Brazilian equities, with a focus on...
Brazilian equities rebound, but XP Asset urges caution amid weakening signals
Brazilian stocks saw a strong recovery in August, going up 6% on the month according to the benchmark Ibovespa index. XP Asset's equity funds outperformed further, with returns between 8 and 9%.
Brazil's Markets and Politics Are Intertwined. Trump Is Key.
Brazil's former president, Jair Bolsonaro, goes on trial in his country, and U.S. President Donald Trump attempt to stop the trial with tariffs backfired. The markets are watching for new developments...
Brazil unveils aid package for exporters hit by US tariffs
Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products that face gre...
Wall Street Breakfast Podcast: CAVA Slides On Sales Miss
CAVA shares plunged 22% after Q2 same-restaurant sales growth of 2.1% missed expectations, despite 20.3% revenue growth and solid new restaurant openings. Brazil announced $5.6 billion in aid to expor...
Brazil As A Special Target Of President Trump's Tariff Hikes
Trump's new executive order sharply raises U.S. tariffs on Brazilian imports, with an effective average tariff now at 32.7%, a unique case globally. The GDP impact for Brazil is likely a 0.4%–0.6% hit...
Trump raises tariffs on India, Canada, Brazil and others over stalled trade deals
The Trump administration implements sweeping tariffs while securing deals with key partners and maintaining temporary truces with Mexico and China.
Trump's 50% Brazil coffee tariff expected to rejig trade, send more beans to China
The Trump administration's steep import tariff on Brazilian coffee looks set to reshuffle trade routes for beans from the world's top grower and exporter, benefiting China and incentivizing traders to...
Brazilian companies react to Trump's tariffs with relief and doubt
Brazilian companies reacted with a mix of relief and doubt after the White House surprised them on Wednesday with a list of nearly 700 exceptions to the 50% tariff U.S. President Donald Trump imposed ...
How Trump is justifying an executive order for 50% tariffs on Brazil
President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil's policies and criminal prosecution of former President...
Trump order excludes aircraft, OJ, energy from Brazil tariffs
The U.S. excluded several of Brazil's major exports from the 50% tariff President Donald Trump signed into an executive order on Wednesday, including orange juice, some aircraft, wood pulp and energy ...