ETF comparison
EWZ vs VWO
Both International Emerging.
iShares MSCI Brazil ETF · Vanguard FTSE Emerging Markets Index Fund ETF Shares
Holdings overlap
41 positions appear in both funds. Buying equal dollars of EWZ and VWO would leave roughly 3.6% 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
VWO is 53 bps cheaper than EWZ. On a $100,000 position that's about $530/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 VWO.
Top shared holdings
41 shared in total| # | Holding | In EWZ | In VWO | Overlap |
|---|---|---|---|---|
| 1 | VALE S.A. | 11.50% | 0.46% | 0.46% |
| 2 | Itau Unibanco Holding S.A. | 8.48% | 0.35% | 0.35% |
| 3 | Petroleo Brasileiro S.A. (Petrobras) | 7.28% | 0.33% | 0.33% |
| 4 | Petroleo Brasileiro S.A. (Petrobras) | 6.70% | 0.31% | 0.31% |
| 5 | Banco Bradesco S.A. | 3.33% | 0.15% | 0.15% |
| 6 | ITAUSA S.A. | 2.62% | 0.14% | 0.14% |
| 7 | B3 S.A - Brasil, Bolsa, Balcao | 3.57% | 0.14% | 0.14% |
| 8 | WEG S.A. | 3.05% | 0.12% | 0.12% |
| 9 | AMBEV S.A. | 3.19% | 0.12% | 0.12% |
| 10 | AXIA Energia S.A. | 2.64% | 0.12% | 0.12% |
| 11 | BANCO BTG PACTUAL S.A. | 2.68% | 0.11% | 0.11% |
| 12 | EMBRAER S.A. | 2.15% | 0.09% | 0.09% |
Only in EWZ
5 total- Nu Holdings Ltd. 8.71%
- XP Inc. 1.31%
- JBS N.V. 1.01%
- AXIA Energia S.A. 0.65%
- StoneCo Ltd. 0.26%
Only in VWO
4,939 total- Taiwan Semiconductor Manufacturing Co Ltd 15.56%
- Tencent Holdings Ltd 3.31%
- Alibaba Group Holding Ltd 2.41%
- MediaTek Inc 1.36%
- China Construction Bank Corp 0.90%
- Delta Electronics Inc 0.82%
- Hon Hai Precision Industry Co Ltd 0.81%
- Reliance Industries Ltd 0.80%
- HDFC Bank Ltd 0.78%
- ICICI Bank Ltd 0.69%
Related comparisons
More comparisons with EWZ
- EWZ vs ESGE · iShares ESG Aware MSCI EM ETF 3.5%
- EWZ vs IEMG · iShares Core MSCI Emerging Markets ETF 3.4%
- EWZ vs DFAE · Dimensional Emerging Core Equity Market ETF 2.3%
- EWZ vs SPEM · State Street SPDR Portfolio Emerging Markets ETF 2.0%
- EWZ vs AVES · Avantis Emerging Markets Value ETF 1.3%
- EWZ vs IXUS · iShares Core MSCI Total International Stock ETF 1.2%
More comparisons with VWO
- VWO vs KSA · iShares MSCI Saudi Arabia ETF 3.0%
- VWO vs ILF · iShares Latin America 40 ETF 2.7%
- VWO vs EWW · iShares MSCI Mexico ETF 2.1%
- VWO vs JGLO · Jpmorgan Global Select Equity ETF 1.4%
- VWO vs ASHR · Xtrackers Harvest CSI 300 China A-Shares ETF 1.2%
- VWO vs FNDC · Schwab Fundamental International Small Equity ETF 0.3%
Percentages are holdings overlap with the named fund.
Open EWZ or VWO 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.