EWZ vs ILF: Holdings Overlap
iShares · 47 holdings · $9.2B · as of 2026-05-31
ILFiShares Latin America 40 ETF
iShares · 44 holdings · $3.8B · as of 2026-03-31
Holdings snapshots are 61 days apart (EWZ: 2026-05-31, ILF: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are EWZ and ILF?
iShares MSCI Brazil ETF (EWZ, by iShares) holds 47 positions; iShares Latin America 40 ETF (ILF, by iShares) holds 44. They have 10 holdings in common, and by portfolio weight the two funds are 23.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10EWZ holds 47 · ILF holds 44
- Weight in Shared Holdings
- EWZ 28%·ILF 24%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 EWZ
37 of 47 positions (71.0% of the fund) are not held by ILF. Showing the top 30 by weight.
Only in ILF
34 of 44 positions (75.1% of the fund) are not held by EWZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWZ | ILF |
|---|---|---|
| Financials | 32.2% | 36.9% |
| Materials | 11.5% | 21.4% |
| Energy | 14.0% | 13.0% |
| Consumer Staples | 3.2% | 9.4% |
| Utilities | 8.1% | 4.6% |
| Other Sectors | 6.1% | 13.0% |
| Unclassified | 23.9% | 1.2% |
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 (24% of EWZ, 1% of ILF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWZ | +2.0% | +12.3% | +31.6% | +9.6% | +6.8% | +5.7% | 4.14% |
| ILF | +2.7% | +15.2% | +38.5% | +14.3% | +10.7% | +7.1% | 3.41% |
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 EWZ vs ILF →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by NU, B3SA3 and ITSA4.
 NUNU Holdings Ltd/Cayman Islands | 8.71% | 8.50% | 8.50% |
|---|---|---|---|
 B3SA3B3 SA - Brasil Bolsa Balcao | 3.57% | 2.90% | 2.90% |
 ITSA4Itausa SA | 2.62% | 2.43% | 2.43% |
 WEGE3Weg SA COM NPV | 3.05% | 2.24% | 2.24% |
 SBSP3Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 2.87% | 2.23% | 2.23% |
 AXIA3Centrais Elet Bras Sa Eletrobras COM NPV | 2.64% | 1.60% | 1.60% |
 BBAS3Banco do Brasil SA | 1.47% | 1.97% | 1.47% |
 RENT3Localiza Rent a Car SA COM NPV 144A/REG | 1.65% | 1.22% | 1.22% |
 RDOR3Rede D'Or Sao Luiz SA | 1.17% | 1.17% | 1.17% |
| BRAZIALIAN REAL | 0.21% | 0.00% | 0.00% |
Frequently Asked Questions
How much do EWZ and ILF overlap?
EWZ and ILF overlap by 23.8% of portfolio weight. They share 10 holdings (EWZ holds 47 positions and ILF holds 44), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWZ and ILF?
The two portfolios are 23.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EWZ and ILF?
The largest positions held by both funds are NU, B3SA3, ITSA4, WEGE3 and SBSP3. Together the top 10 shared positions account for 100% of the total overlap.
What does EWZ own that ILF doesn't?
37 positions (71.0% of EWZ) are unique to EWZ, led by VALE3, ITUB4 and PETR4. In the other direction, 34 positions (75.1% of ILF) are unique to ILF.