iShares MSCI South Africa ETF (EZA) is a frontier-markets ETF. As of October 28, 2026, ETF Copilot scores EZA 4.2 out of 10 — highest on Value (7.9), lowest on Growth (0.9). It trades at 10.4 times earnings, against its own median of 12.9. Its ten largest holdings are 63% of the fund.
What stands out in EZA's data
South African equities, weighted toward quality companies with high margins.
Earns more on its capital than nearly any frontier peer — real pricing power in a market others overlook.
Return on invested capital of 32.6% sits well ahead of the 14.1% category median and above its own 16.6% historical norm. Top holdings concentration runs at 62.5%.
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 1.5% in the week to October 28, 2026 — Gold Fields and Impala Platinum drove it
EZA fell 1.5% in the week to October 28, 2026. The holdings that moved it most were Gold Fields (−3.7%), Impala Platinum (−7.4%) and Valterra Platinum (−4.9%); Sasol (+7.3%) pushed the other way.
How is EZA rated? ETF Copilot scores iShares MSCI South Africa ETF (EZA) 4.2 out of 10
As of October 28, 2026, ETF Copilot scores iShares MSCI South Africa ETF (EZA) 4.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.2 / 10
- Growth: 0.9 / 10
- Value: 7.9 / 10
- Risk: 1.5 / 10
- Quality: 7.6 / 10
- Return: 4.5 / 10
Is EZA expensive right now? It trades at 10.4 times earnings, against its own median of 12.9
As of October 28, 2026, EZA is cheaper than 80% of its own last 9 years.
Trailing 12 months, built from EZA's holdings. How we calculate this →
What's inside EZA?
What's inside EZA: Size (Large 41%, Mid 52%, Small 8%); Geography (International 100%, US 0%).
What are EZA's top holdings? The ten largest are 63% of the fund
Anglogold Ashanti, Gold Fields, Naspers, Firstrand, Standard Bank, MTN, Capitec, Anglo American Platinum, Absa and Sasol are EZA's largest holdings, in that order.
Less concentrated than 62% 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 18 equally weighted holdings.
What is EZA's expense ratio? 0.59% a year
As of October 28, 2026, EZA charges 0.59% a year, yields 7.84% and holds $456M in assets across 30 positions.
| Measure | EZA |
|---|---|
| Expense ratio | 0.59% |
| Dividend yield | 7.84% |
| Assets under management | $456M |
| 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.
Cite this
ETF Copilot, “iShares MSCI South Africa ETF (EZA) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/eza
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