What is the expense ratio of EWZ vs INDA?

EWZ has an expense ratio of 0.59%, while INDA has an expense ratio of 0.61%.

EWZ vs INDA

iShares MSCI Brazil ETF vs iShares MSCI India ETF

Last updated: 2026-04-02

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.

AUM: $9.3B ER: 0.59% Yield: 4.30% Since: Jul 10, 2000

INDA

iShares MSCI India ETF (INDA) is an exchange-traded fund that provides exposure to india equity securities. It charges a high expense ratio of 0.61%. Launched in 2012, the fund has a 14-year track record.

AUM: $7.0B ER: 0.61% Yield: N/A Since: Feb 2, 2012

Quick Verdict

EWZ has a slightly lower expense ratio (0.59% vs 0.61%), saving about $38 per $10,000 over 10 years. Over the past year, EWZ has significantly outperformed with a 46.8% return vs -8.5%.

Key Metrics

Metric	EWZ	INDA
Expense Ratio	0.59%	0.61%
Dividend Yield	4.3%	N/A
Fund Family	N/A	N/A
Category	Brazil Equity	India Equity

Performance Chart

Indexed to 100 at start (5-year comparison)

EWZ +14.3%

INDA +11.3%

Performance Comparison

Period	EWZ	INDA	Difference
1 Month	-0.70%	-8.32%	+7.62%
3 Months	+19.16%	-14.39%	+33.55%
6 Months	+26.51%	-10.94%	+37.45%
YTD	+19.16%	-14.39%	+33.55%
1 Year	+46.79%	-8.50%	+55.29%
3 Years	+40.60%	+18.28%	+22.32%
5 Years	+14.26%	+11.35%	+2.91%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	EWZ Fees	INDA Fees	You Save
$10.000	10 years	$1.151	$1.189	$38
$10.000	20 years	$4.837	$4.992	$155
$10.000	30 years	$15.249	$15.725	$476
$50.000	10 years	$5.754	$5.944	$190
$50.000	30 years	$76.247	$78.625	$2.378
$100.000	30 years	$152.494	$157.251	$4.756

Risk Metrics

Based on 5 years of daily returns

Metric	EWZ	INDA
Annualized Volatility	28.5%	15.7%
Max Drawdown	-46.6%	-25.1%
Sharpe Ratio	0.08	-0.07

Dividend Comparison

Metric	EWZ	INDA
Annual Dividend (per share)	$1.65	$0.00
Dividend Yield	4.30%	0.00%
Distribution Frequency	Quarterly	None

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

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%

INDA Top Holdings

Name	Weight
HDFC Bank Limited!nse/HDFCBANK	6.97%
Reliance Industries Limited!nse/RELIANCE	6.59%
ICICI Bank Limited!nse/ICICIBANK	5.29%
Bharti Airtel Limited!nse/BHARTIARTL	3.80%
Infosys Limited!nse/INFY	3.31%
BLK CSH FND TREASURY SL AGENCYXTSLA	2.38%
Mahindra & Mahindra Limited!nse/M&M	2.28%
Axis Bank Limited!nse/AXISBANK	2.24%
Larsen & Toubro Limited!nse/LT	1.93%
Bajaj Finance Limited!nse/BAJFINANCE	1.90%

Which One Should You Choose?

Choose EWZ 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.

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