Is EZA a good investment?

iShares MSCI South Africa ETF (EZA) is a frontier-markets ETF. As of September 11, 2026, ETF Copilot scores EZA 6.4 out of 10 — highest on Growth (9.9), lowest on Risk (1.0). It trades at 11.2 times earnings, against its own median of 13.1. Its ten largest holdings are 65% of the fund.

Updated September 11, 2026

How is EZA rated? ETF Copilot scores iShares MSCI South Africa ETF (EZA) 6.4 out of 10

As of September 11, 2026, ETF Copilot scores iShares MSCI South Africa ETF (EZA) 6.4 out of 10 overall.

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

Overall: 6.4 / 10
Growth: 9.9 / 10
Valuation: 5.1 / 10
Risk: 1.0 / 10
Quality: 8.9 / 10
Return: 5.6 / 10

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

As of September 11, 2026, EZA charges 0.59% a year, yields 3.25% and holds $588M in assets across 30 positions.

iShares MSCI South Africa ETF (EZA) — cost, income and size
Measure	EZA
Expense ratio	0.59%
Dividend yield	3.25%
Assets under management	$588M
Holdings	30

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 EZA's data

South African equities, weighted toward quality companies with high margins.

Has outpaced the typical frontier-market fund by a wide margin over three years — a stretch of performance that has rewarded patience.

Returned 28% annualized over three years, well above the 4% category median. Its top 10 holdings make up 64.6% of assets, and return on invested capital runs at 34.2%.

A single-country bet on South African quality stocks — richer margins, but a narrower set of holdings.

Why did EZA move this week? It fell 2.4% in the week to September 11, 2026 — Gold Fields and Naspers drove it

EZA fell 2.4% in the week to September 11, 2026. The holdings that moved it most were Gold Fields (−4.7%), Naspers (−3.4%) and Standard Bank (−3.5%); Sasol (+15.6%) pushed the other way.

Is EZA expensive right now? It trades at 11.2 times earnings, against its own median of 13.1

As of September 11, 2026, EZA is cheaper than 74% of its own 114 monthly readings since 2017 — 30 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 EZA?

What's inside EZA: Size (Large 12%, Mid 12%, Small 77%); Geography (International 89%, US 11%).

What are EZA's top holdings? The ten largest are 65% of the fund

Anglogold Ashanti, Gold Fields, Naspers, Firstrand, Standard Bank, MTN, Valterra Platinum, Capitec, Impala Platinum and Absa are EZA's largest holdings, in that order.

More concentrated than 50% of Frontier Markets ETFs.

Half of EZA's weight sits in its 7 largest positions, and once those weights are taken into account it behaves like 17 equally weighted holdings.

Cite this

ETF Copilot, “iShares MSCI South Africa ETF (EZA) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/eza