AVEM vs EWZ: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
iShares · 47 holdings · $9.2B · as of 2026-05-31
How similar are AVEM and EWZ?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; iShares MSCI Brazil ETF (EWZ, by iShares) holds 47. They have 30 holdings in common, and by portfolio weight the two funds are 0.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 30AVEM holds 3893 · EWZ holds 47
- Weight in Shared Holdings
- AVEM 1%·EWZ 42%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVEM
3863 of 3893 positions (99.1% of the fund) are not held by EWZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | EWZ |
|---|---|---|
| Information Technology | 33.8% | 0.0% |
| Financials | 10.7% | 32.2% |
| Energy | 2.7% | 14.0% |
| Materials | 3.7% | 11.5% |
| Utilities | 0.8% | 8.1% |
| Other Sectors | 11.7% | 9.3% |
| Unclassified | 36.5% | 23.9% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of AVEM, 24% of EWZ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| EWZ | +2.0% | +12.3% | +31.6% | +9.6% | +6.8% | +5.7% | 4.14% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVEM vs EWZ →
Shared Holdings(30)
The top 10 shared positions account for 67% of the overlap, led by XP, PRIO3 and VBBR3.
 XPXP, Inc., Class A | 0.10% | 1.31% | 0.10% |
|---|---|---|---|
 PRIO3PRIO SA/Brazil | 0.10% | 2.16% | 0.10% |
 VBBR3Vibra Energia SA | 0.08% | 1.40% | 0.08% |
 WEGE3Weg SA COM NPV | 0.05% | 3.05% | 0.05% |
 ENGI11Energisa S/A | 0.05% | 0.69% | 0.05% |
 RADL3Raia Drogasil SA | 0.05% | 1.07% | 0.05% |
 BPAC11Banco BTG Pactual SA | 0.04% | 2.68% | 0.04% |
 EQTL3Equatorial SA | 0.04% | 1.94% | 0.04% |
 BBAS3Banco do Brasil SA | 0.04% | 1.47% | 0.04% |
 MOTV3Motiva Infraestrutura de Mobilidade SA | 0.04% | 0.67% | 0.04% |
 BBSE3BB Seguridade Participacoes SA | 0.03% | 1.07% | 0.03% |
 B3SA3B3 SA - Brasil Bolsa Balcao | 0.03% | 3.57% | 0.03% |
 STNEStoneco Ltd COM USD0.000079365 CL A | 0.03% | 0.26% | 0.03% |
 KLBN11Klabin SA | 0.02% | 0.62% | 0.02% |
 ENEV3Eneva SA | 0.02% | 0.60% | 0.02% |
 RAIL3Rumo SA | 0.02% | 0.78% | 0.02% |
 CPLE3Cia Paranaense de Energia - Copel | 0.01% | 0.75% | 0.01% |
 AXIA6Axia Energia SA | 0.01% | 0.65% | 0.01% |
 MBRF3MBRF Global Foods Co SA | 0.01% | 0.32% | 0.01% |
 JBSJBS NV | 0.01% | 1.01% | 0.01% |
 NUNU Holdings Ltd/Cayman Islands | 0.01% | 8.71% | 0.01% |
 CPFE3CPFL Energia SA | 0.01% | 0.50% | 0.01% |
 RENT3Localiza Rent a Car SA | 0.01% | 1.65% | 0.01% |
 EGIE3Engie Brasil Energia SA | 0.01% | 0.48% | 0.01% |
 BBDC3Banco Bradesco SA | 0.01% | 0.59% | 0.01% |
Frequently Asked Questions
How much do AVEM and EWZ overlap?
AVEM and EWZ overlap by 0.9% of portfolio weight. They share 30 holdings (AVEM holds 3893 positions and EWZ holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and EWZ?
The two portfolios are 0.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AVEM and EWZ?
The largest positions held by both funds are XP, PRIO3, VBBR3, WEGE3 and ENGI11. Together the top 10 shared positions account for 67% of the total overlap.
What does AVEM own that EWZ doesn't?
3863 positions (99.1% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 17 positions (57.3% of EWZ) are unique to EWZ.