ATLASiShares MSCI Brazil Small-Cap ETF (EWZS): outlook, holdings and fees
iShares MSCI Brazil Small-Cap ETF (EWZS) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.58% and the yield is 3.76%. The ten largest holdings are 38% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on EWZS
| Last price | $10.55 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 43% |
| Likely 1-month range (50%) | $8.09 – $12.30 |
| Normal 1-day range (±1σ) | ±7.1% |
| Distribution yield | 3.76% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
EWZS fund facts
| Issuer | iShares |
|---|---|
| Theme | Latin America |
| Assets under management | $280M |
| Expense ratio | 0.58% |
| Number of holdings | 67 |
| Portfolio turnover | 51% |
| Inception | Sep 28, 2010 |
| Exchange | NASDAQ |
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is a free float-adjusted market capitalization-weighted index designed to measure primarily the performance of equity securities of small capitalization companies listed on stock exchanges in Brazil.
EWZS top holdings
| Holding | Sector | Weight |
|---|---|---|
| TOTVS S.A TOTS3 | Technology | 5.75% |
| Sendas Distribuidora S.A. ASAI3 | Consumer Defensive | 4.74% |
| Companhia de Saneamento de Minas Gerais CSMG3 | Utilities | 4.26% |
| Lojas Renner S.A. LREN3 | Consumer Cyclical | 4.01% |
| Allos S.A. ALOS3 | Real Estate | 3.57% |
| Multiplan Empreendimentos Imobiliários S.A MULT3 | Real Estate | 3.55% |
| Smartfit Escola de Ginástica e Dança S.A SMFT3 | Consumer Cyclical | 3.37% |
| StoneCo Ltd STNE | Technology | 3.15% |
| Metalurgica Gerdau S.A GOAU4 | Basic Materials | 2.63% |
| Cosan S.A CSAN3 | Energy | 2.48% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
EWZS sector breakdown
| Sector | Weight |
|---|---|
| Utilities | 16.8% |
| Consumer Cyclicals | 14.1% |
| Real Estate | 12.8% |
| Technology | 11.3% |
| Consumer Defensive | 10.5% |
| Basic Materials | 10.2% |
| Financial Services | 8.4% |
| Industrials | 7.9% |
| Healthcare | 4.2% |
| Energy | 3.8% |
By region: Latin America 98.1%, North America 1.9%.
EWZS returns and risk
| Year to date | +22.5% |
|---|---|
| 1 year | +19.9% |
| 3 years (annualised) | +11.6% |
| 5 years (annualised) | +3.8% |
| 10 years (annualised) | +6.0% |
| Volatility (3 years) | 26.2% |
| Sharpe ratio (3 years) | 0.08 |
Past returns do not guarantee future results.
EWZS: frequently asked questions
What does EWZS invest in?
iShares MSCI Brazil Small-Cap ETF invests in a portfolio of securities. Its largest holdings are TOTVS S.A (5.7%), Sendas Distribuidora S.A. (4.7%), Companhia de Saneamento de Minas Gerais (4.3%), Lojas Renner S.A. (4.0%), Allos S.A. (3.6%).
What is the EWZS expense ratio?
0.58% a year: about $58.00 for every $10,000 invested.
What is the EWZS dividend yield?
3.76%. ATLAS does not hold the exact distribution dates for ETFs.
Will EWZS go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 43%, with a likely range (50%) of $8.09 to $12.30 from $10.55 today. It is a probability, not a prediction.
How has EWZS performed?
Year to date +22.5%, one year +19.9%, three years +11.6% a year, five years +3.8% a year. Past returns do not guarantee future results.
Similar ETFs: Latin America
Educational information, not investment advice. Disclaimer