ETF comparison
EWZ vs SPEM
Both International Emerging.
iShares MSCI Brazil ETF · State Street SPDR Portfolio Emerging Markets ETF
Holdings overlap
28 positions appear in both funds. Buying equal dollars of EWZ and SPEM would leave roughly 2.0% of each dollar exposed to the same underlying securities.
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.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SPEM is 52 bps cheaper than EWZ. On a $100,000 position that's about $520/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 SPEM.
Top shared holdings
28 shared in total| # | Holding | In EWZ | In SPEM | Overlap |
|---|---|---|---|---|
| 1 | Nu Holdings Ltd. | 8.71% | 0.37% | 0.37% |
| 2 | ITAUSA S.A. | 2.62% | 0.15% | 0.15% |
| 3 | B3 S.A - Brasil, Bolsa, Balcao | 3.57% | 0.14% | 0.14% |
| 4 | Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | 2.87% | 0.14% | 0.14% |
| 5 | WEG S.A. | 3.05% | 0.14% | 0.14% |
| 6 | EMBRAER S.A. | 2.15% | 0.13% | 0.13% |
| 7 | Banco do Brasil S.A | 1.47% | 0.10% | 0.10% |
| 8 | BANCO BTG PACTUAL S.A. | 2.68% | 0.10% | 0.10% |
| 9 | TELEFONICA BRASIL S.A | 1.20% | 0.09% | 0.09% |
| 10 | Eneva S.A. | 0.60% | 0.08% | 0.08% |
| 11 | PRIO S.A. | 2.16% | 0.06% | 0.06% |
| 12 | Rede D'Or Sao Luiz S.A. | 1.17% | 0.05% | 0.05% |
Only in EWZ
18 total- Itau Unibanco Holding S.A. 8.48%
- Petroleo Brasileiro S.A. (Petrobras) 7.28%
- Petroleo Brasileiro S.A. (Petrobras) 6.70%
- Banco Bradesco S.A. 3.33%
- AMBEV S.A. 3.19%
- AXIA Energia S.A. 2.64%
- XP Inc. 1.31%
- GERDAU S.A. 1.30%
- JBS N.V. 1.01%
- Companhia Energetica de Minas Gerais - CEMIG 0.84%
Only in SPEM
2,887 total- Taiwan Semiconductor Manufacturing Co Ltd 14.65%
- Tencent Holdings Ltd 2.74%
- MediaTek Inc 1.82%
- Alibaba Group Holding Ltd 1.79%
- Delta Electronics Inc 1.13%
- Hon Hai Precision Industry Co Ltd 0.93%
- HDFC Bank Ltd 0.83%
- ASE Technology Holding Co Ltd 0.82%
- China Construction Bank Corp 0.81%
- Reliance Industries Ltd 0.80%
Related comparisons
More comparisons with EWZ
- EWZ vs AVES · Avantis Emerging Markets Value ETF 1.3%
- EWZ vs IXUS · iShares Core MSCI Total International Stock ETF 1.2%
- EWZ vs VXUS · Vanguard Total International Stock Index Fund ETF Shares 1.0%
- EWZ vs AVEM · Avantis Emerging Markets Equity ETF 0.9%
- EWZ vs VT · Vanguard Total World Stock Index Fund ETF Shares 0.4%
- EWZ vs AAXJ · iShares MSCI All Country Asia ex Japan ETF 0.0%
More comparisons with SPEM
- SPEM vs EWW · iShares MSCI Mexico ETF 2.0%
- SPEM vs FRDM · Freedom 100 Emerging Markets ETF 0.8%
- SPEM vs VEA · Vanguard FTSE Developed Markets Index Fund ETF Shares 0.6%
- SPEM vs IEFA · iShares Core MSCI EAFE ETF 0.2%
- SPEM vs EWY · iShares MSCI South Korea ETF 0.0%
- SPEM vs SCHE · Schwab Emerging Markets Equity ETF 70.4%
Percentages are holdings overlap with the named fund.
Open EWZ or SPEM 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.