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ETF comparison

EWZ vs FNDE

Both International Emerging.

iShares MSCI Brazil ETF · Schwab Fundamental Emerging Markets Equity ETF

Holdings overlap

Weighted by ISIN/CUSIP
12.3 %

24 positions appear in both funds. Buying equal dollars of EWZ and FNDE would leave roughly 12.3% of each dollar exposed to the same underlying securities.

EWZ unmatched 86.4% Shared 12.3% FNDE unmatched 87.2%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In EWZ only
22 positions
Shared
24 positions
In FNDE only
330 positions

Side by side

EWZ

iShares MSCI Brazil ETF

iShares · International Emerging

60 composite / 100
Expense ratio
0.59%
Net assets
$8.64B
TTM yield
3.44%
Top-10 conc.
58.7%
FNDE

Schwab Fundamental Emerging Markets Equity ETF

Schwab · International Emerging

75 composite / 100
Expense ratio
0.39%
Net assets
$10.30B
TTM yield
3.56%
Top-10 conc.
27.4%

Sub-score comparison

41
Cost
61
74
Tax efficiency
73
97
Liquidity
100
30
Concentration
75
—
Tracking quality
—
EWZ sub-score FNDE

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

FNDE is 20 bps cheaper than EWZ. On a $100,000 position that's about $200/yr more in fees for EWZ.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with EWZ vs FNDE.

Top shared holdings

24 shared in total
# Holding In EWZ In FNDE Overlap
1 VALE S.A. 11.50% 3.03% 3.03%
2 Petroleo Brasileiro S.A. (Petrobras) 7.28% 2.48% 2.48%
3 Petroleo Brasileiro S.A. (Petrobras) 6.70% 2.34% 2.34%
4 Itau Unibanco Holding S.A. 8.48% 0.68% 0.68%
5 Vibra Energia S.A. 1.40% 0.49% 0.49%
6 Banco do Brasil S.A 1.47% 0.48% 0.48%
7 Banco Bradesco S.A. 3.33% 0.46% 0.46%
8 GERDAU S.A. 1.30% 0.43% 0.43%
9 Ultrapar Participacoes S.A. 0.87% 0.26% 0.26%
10 AMBEV S.A. 3.19% 0.25% 0.25%
11 SUZANO S.A. 1.25% 0.16% 0.16%
12 B3 S.A - Brasil, Bolsa, Balcao 3.57% 0.15% 0.15%

Only in EWZ

22 total
  • Nu Holdings Ltd. 8.71%
  • WEG S.A. 3.05%
  • BANCO BTG PACTUAL S.A. 2.68%
  • ITAUSA S.A. 2.62%
  • PRIO S.A. 2.16%
  • EMBRAER S.A. 2.15%
  • XP Inc. 1.31%
  • Rede D'Or Sao Luiz S.A. 1.17%
  • BB Seguridade Participacoes S.A. 1.07%
  • Raia Drogasil S/A 1.07%

Only in FNDE

330 total
  • Taiwan Semiconductor Manufacturing Co Ltd 6.48%
  • Hon Hai Precision Industry Co Ltd 3.31%
  • Alibaba Group Holding Ltd 2.72%
  • China Construction Bank Corp 2.38%
  • MediaTek Inc 1.80%
  • Tencent Holdings Ltd 1.51%
  • JD.com Inc 1.38%
  • Industrial & Commercial Bank of China Ltd 1.28%
  • PetroChina Co Ltd 1.25%
  • ASE Technology Holding Co Ltd 1.20%

Percentages are holdings overlap with the named fund.

Open EWZ or FNDE at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.