ESGE vs EWZ: Holdings Overlap
ESGEiShares ESG Aware MSCI EM ETF
iShares · 307 holdings · $6.8B · as of 2026-05-31
iShares · 47 holdings · $9.2B · as of 2026-05-31
How similar are ESGE and EWZ?
iShares ESG Aware MSCI EM ETF (ESGE, by iShares) holds 307 positions; iShares MSCI Brazil ETF (EWZ, by iShares) holds 47. They have 17 holdings in common, and by portfolio weight the two funds are 3.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 17ESGE holds 307 · EWZ holds 47
- Weight in Shared Holdings
- ESGE 4%·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 ESGE
290 of 307 positions (95.4% of the fund) are not held by EWZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | ESGE | EWZ |
|---|---|---|
| Information Technology | 41.7% | 0.0% |
| Financials | 14.8% | 32.2% |
| Energy | 1.6% | 14.0% |
| Materials | 2.0% | 11.5% |
| Utilities | 0.2% | 8.1% |
| Other Sectors | 16.5% | 9.3% |
| Unclassified | 22.1% | 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 (22% of ESGE, 24% of EWZ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ESGE | +0.1% | +20.1% | +34.1% | +20.5% | +7.1% | +9.1% | 2.15% |
| 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 ESGE vs EWZ →
Shared Holdings(17)
The top 10 shared positions account for 83% of the overlap, led by PETR3, B3SA3 and MOTV3.
 PETR3Petroleo Brasileiro SA - Petrobras | 0.54% | 6.70% | 0.54% |
|---|---|---|---|
 B3SA3B3 SA - Brasil Bolsa Balcao | 0.44% | 3.57% | 0.44% |
 MOTV3Motiva Infraestrutura de Mobilidade SA | 0.35% | 0.67% | 0.35% |
 EGIE3Engie Brasil Energia SA | 0.29% | 0.48% | 0.29% |
 CPLE3Companhia Paranaense de Energia - COPEL COM NPV | 0.27% | 0.75% | 0.27% |
 VBBR3Vibra Energia SA | 0.24% | 1.40% | 0.24% |
 BBDC4Banco Bradesco SA | 0.21% | 3.33% | 0.21% |
 NUNU Holdings Ltd/Cayman Islands | 0.21% | 8.71% | 0.21% |
 ITUB4Itau Unibanco Holding SA | 0.20% | 8.48% | 0.20% |
 TOTS3TOTVS SA | 0.17% | 0.80% | 0.17% |
 XPXP, Inc., Class A | 0.13% | 1.31% | 0.13% |
 RAIL3Rumo SA | 0.12% | 0.78% | 0.12% |
 BBDC3Banco Bradesco SA | 0.09% | 0.59% | 0.09% |
 ENGI11Energisa S.A. UNITS (1 COM & 4 PRF) | 0.09% | 0.69% | 0.09% |
 BPAC11Banco BTG Pactual SA | 0.09% | 2.68% | 0.09% |
 RADL3Raia Drogasil SA | 0.07% | 1.07% | 0.07% |
| BRAZIALIAN REAL | 0.01% | 0.21% | 0.01% |
Frequently Asked Questions
How much do ESGE and EWZ overlap?
ESGE and EWZ overlap by 3.5% of portfolio weight. They share 17 holdings (ESGE holds 307 positions and EWZ holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ESGE and EWZ?
The two portfolios are 3.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of ESGE and EWZ?
The largest positions held by both funds are PETR3, B3SA3, MOTV3, EGIE3 and CPLE3. Together the top 10 shared positions account for 83% of the total overlap.
What does ESGE own that EWZ doesn't?
290 positions (95.4% of ESGE) are unique to ESGE, led by TSMWF, 005930 and 000660. In the other direction, 30 positions (56.7% of EWZ) are unique to EWZ.