EWG vs EWZ
iShares MSCI Germany ETF vs iShares MSCI Brazil ETF
Last updated: 2026-04-02
iShares MSCI Germany ETF (EWG) is an exchange-traded fund that provides exposure to germany equity securities. It charges an above-average expense ratio of 0.49%. The fund offers a moderate dividend yield of 1.69%. Launched in 1996, the fund has a 30-year track record.
iShares MSCI Brazil ETF (EWZ) is an exchange-traded fund that provides exposure to brazil equity securities. It charges a high expense ratio of 0.59%. The fund offers a high dividend yield of 4.30%. Launched in 2000, the fund has a 26-year track record.
Quick Verdict
EWG is significantly cheaper at 0.49% vs 0.59% expense ratio, saving you approximately $191 per $10,000 invested over 10 years. Over the past year, EWZ has significantly outperformed with a 46.8% return vs 7.8%. Income investors may prefer EWZ for its higher yield (4.3% vs 1.7%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 9 holdings overlap (0% overlap in top holdings)
EWG Top Holdings
| Name | Weight |
|---|---|
| Siemens Aktiengesellschaft!etr/SIE | 10.07% |
| SAP SE!etr/SAP | 9.63% |
| Allianz SE!etr/ALV | 8.63% |
| Deutsche Telekom AG!etr/DTE | 7.54% |
| Siemens Energy AG!etr/ENR | 7.24% |
| Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München!etr/MUV2 | 4.42% |
| Rheinmetall AG!etr/RHM | 4.11% |
| Infineon Technologies AG!etr/IFX | 3.16% |
| BASF SE!etr/BAS | 3.01% |
| Deutsche Bank Aktiengesellschaft!etr/DBK | 2.92% |
EWZ Top Holdings
| Name | Weight |
|---|---|
| Vale S.A.!bvmf/VALE3 | 10.33% |
| Nu Holdings Ltd.NU | 8.81% |
| Itaú Unibanco Holding S.A.!bvmf/ITUB4 | 8.27% |
| Petróleo Brasileiro S.A. - Petrobras!bvmf/PETR3 | 7.33% |
| B3 S.A. - Brasil, Bolsa, Balcão!bvmf/B3SA3 | 3.51% |
| Banco Bradesco S.A.!bvmf/BBDC4 | 3.28% |
| WEG S.A.!bvmf/WEGE3 | 3.09% |
| Companhia de Saneamento Básico do Estado de São Paulo - SABESP!bvmf/SBSP3 | 2.91% |
| Ambev S.A.!bvmf/ABEV3 | 2.72% |
Which One Should You Choose?
Choose EWG if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose EWZ if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose EWZ if...
you prioritize dividend income and want higher regular distributions from your portfolio.