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EWZ — iShares MSCI Brazil ETF

Data as of 2026-09-29 · International · Countries · window 2016-09-29 → 2026-09-29 (10.0 years) · returns assume dividends reinvested, net of fund fees · Market Data from Tiingo.com

What the history says

EWZ
Total return+82.2%
Annualised (CAGR)+6.2%
Volatility (annualised)+30.6%
Sharpe (rf = 0)0.20
Deepest drawdown-57.0%
Drawdown peak → trough2020-01-02 → 2020-03-23
Fee (annual expense ratio)0.59%
Dividend yield (12m distributions)4.01% (as of 2026-09-29)
Rebalancing (from its prospectus)Quarterly

Rebalancing: per the fund's prospectus summary, its index is rebalanced quarterly. That schedule is set by the index provider, not by a view on where the market is going — and it says nothing about how often you should rebalance a portfolio; that side is covered in how often index funds rebalance.

Over the 10.0 years to 2026-09-29 the fund returned +82.2% in total (+6.2% a year), with a deepest drawdown of -57.0% from 2020-01-02 to 2020-03-23. Its worst calendar year was 2024 (-30.5%), its best 2025 (+48.9%).

Every calendar year

Calendar-year returns (net of fees, dividends reinvested)
YearEWZ
2026+15.9%
2025+48.9%
2024-30.5%
2023+32.7%
2022+12.4%
2021-17.3%
2020-20.3%
2019+27.7%
2018-2.6%
2017+23.7%
2016+0.5%

Common questions

How much has EWZ returned over the last 10 years?

+82.2% in total, which works out to +6.2% a year over the 10 years to 2026-09-29. Both figures assume dividends were reinvested and the fund's own fees were already deducted, so they are what an investor would have kept — before tax.

What was EWZ's worst year?

2024 — its calendar-year return was -30.5% (net of fees, dividends reinvested). Its best year was 2025 (+48.9%).

How deep was EWZ's worst drawdown?

-57.0%, from a peak on 2020-01-02 to a trough on 2020-03-23. From that trough it took 2059 days (about 67.6 months) to climb back to the earlier peak.

Does EWZ pay dividends?

Over the last 12 months it distributed 4.01% of its share price (as of 2026-09-29). That is a past distribution, not a promise of future income, and it is already counted in every return figure on this page.

What is EWZ's expense ratio?

0.59% a year, and it is already deducted from every return figure on this page. A fund charges it inside the fund rather than billing you, which is why fee differences show up as a smaller final balance, not as a line item.

What this page does not say

It does not say EWZ is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -57.0% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.

Run your own window, add fees or a second fund: open EWZ in the tool. History is shown as history, never sold as a forecast.

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