Is EWZ a good investment?

iShares MSCI Brazil ETF (EWZ) is a Latin America regional ETF. As of September 11, 2026, ETF Copilot scores EWZ 5.5 out of 10 — highest on Valuation (9.0), lowest on Risk (1.2). It trades at 6.5 times earnings, against its own median of 10.2. Its ten largest holdings are 58% of the fund.

Updated September 11, 2026

How is EWZ rated? ETF Copilot scores iShares MSCI Brazil ETF (EWZ) 5.5 out of 10

As of September 11, 2026, ETF Copilot scores iShares MSCI Brazil ETF (EWZ) 5.5 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.5 / 10
Growth: 7.1 / 10
Valuation: 9.0 / 10
Risk: 1.2 / 10
Quality: 7.2 / 10
Return: 3.5 / 10

What is EWZ's expense ratio? 0.59% a year

As of September 11, 2026, EWZ charges 0.59% a year, yields 6.23% and holds $8.6B in assets across 49 positions.

iShares MSCI Brazil ETF (EWZ) — cost, income and size
Measure	EWZ
Expense ratio	0.59%
Dividend yield	6.23%
Assets under management	$8.6B
Holdings	49

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in EWZ's data

Brazilian equities, weighted by market size across sectors.

Priced far below the typical emerging-market fund — you pay less for each dollar of earnings.

Trailing P/E multiple of 6.5x places it among the cheapest 10% of Latin America funds, well under the 10.3x category median, and analysts forecast 19% earnings growth ahead.

A single-country position in an emerging-market allocation — higher expected growth for sharper country risk.

Is EWZ expensive right now? It trades at 6.5 times earnings, against its own median of 10.2

As of September 11, 2026, EWZ is cheaper than 82% of its own 114 monthly readings since 2017 — 20 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside EWZ?

What's inside EWZ: Size (Large 62%, Mid 35%, Small 3%); Geography (International 99%, US 1%).

What are EWZ's top holdings? The ten largest are 58% of the fund

Vale, Nu Holdings, Itau Unibanco, Petroleo Brasileiro, Petroleo Brasileiro SA Petrobras, Banco Bradesco, B3 SA - Brasil Bolsa Balcao, WEG, Axia Energia and Ambev are EWZ's largest holdings, in that order.

Less concentrated than 69% of Latin America ETFs.

Half of EWZ's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 21 equally weighted holdings.

Cite this

ETF Copilot, “iShares MSCI Brazil ETF (EWZ) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/ewz