What is the expense ratio of EWZ vs INDA?

EWZ has an expense ratio of 0.59%, while INDA has an expense ratio of 0.61%.

EWZ vs INDA

iShares MSCI Brazil ETF vs iShares MSCI India ETF

Last updated: 2026-04-10

EWZ iShares

iShares MSCI Brazil ETF (EWZ) is an exchange-traded fund issued by iShares that provides exposure to brazil equity securities. It charges a high expense ratio of 0.59%. The fund offers a high dividend yield of 4.02%. Launched in 2000, the fund has a 26-year track record.

AUM: $10.2B ER: 0.59% Yield: 4.02% Since: Jul 10, 2000

INDA iShares

iShares MSCI India ETF (INDA) is an exchange-traded fund issued by iShares that provides exposure to india equity securities. It charges a high expense ratio of 0.61%. Launched in 2012, the fund has a 14-year track record.

AUM: $6.7B ER: 0.61% Yield: N/A Since: Feb 2, 2012

Quick Verdict

EWZ has a slightly lower expense ratio (0.59% vs 0.61%), saving about $38 per $10,000 over 10 years. Over the past year, EWZ has significantly outperformed with a 69.6% return vs -2.4%.

Key Metrics

Metric	EWZ	INDA
Expense Ratio	0.59%	0.61%
Dividend Yield	4.0%	N/A
Fund Family	iShares	iShares
Category	Brazil Equity	India Equity

Performance Chart

Indexed to 100 at start (5-year comparison)

EWZ +22.4%

INDA +22.8%

Performance Comparison

Period	EWZ	INDA	Difference
1 Month	+9.11%	+0.11%	+9.00%
3 Months	+24.61%	-7.63%	+32.24%
6 Months	+40.63%	-6.88%	+47.51%
YTD	+27.44%	-9.59%	+37.03%
1 Year	+69.64%	-2.37%	+72.01%
3 Years	+42.48%	+23.10%	+19.38%
5 Years	+22.42%	+22.82%	-0.40%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	EWZ Fees	INDA Fees	You Save
$10,000	10 years	$1,151	$1,189	$38
$10,000	20 years	$4,837	$4,992	$155
$10,000	30 years	$15,249	$15,725	$476
$50,000	10 years	$5,754	$5,944	$190
$50,000	30 years	$76,247	$78,625	$2,378
$100,000	30 years	$152,494	$157,251	$4,756

Risk Metrics

Based on 5 years of daily returns

Metric	EWZ	INDA
Annualized Volatility	28.5%	15.8%
Max Drawdown	-46.6%	-25.1%
Sharpe Ratio	0.13	0.06

Dividend Comparison

Metric	EWZ	INDA
Annual Dividend (per share)	$1.65	$0.00
Dividend Yield	4.02%	0.00%
Distribution Frequency	Quarterly	None

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

EWZ Top Holdings

Name	Weight
Vale S.A.!bvmf/VALE3	10.64%
Nu Holdings Ltd.NU	8.72%
Itaú Unibanco Holding S.A.!bvmf/ITUB4	8.53%
Petróleo Brasileiro S.A. - Petrobras!bvmf/PETR3	6.57%
B3 S.A. - Brasil, Bolsa, Balcão!bvmf/B3SA3	3.63%
Banco Bradesco S.A.!bvmf/BBDC4	3.40%
WEG S.A.!bvmf/WEGE3	3.26%
Companhia de Saneamento Básico do Estado de São Paulo - SABESP!bvmf/SBSP3	2.95%
AXIA Energia SA!bvmf/AXIA3	2.79%

INDA Top Holdings

Name	Weight
BLK CSH FND TREASURY SL AGENCYXTSLA	8.45%
HDFC Bank Limited!nse/HDFCBANK	7.38%
Reliance Industries Limited!nse/RELIANCE	6.35%
ICICI Bank Limited!nse/ICICIBANK	5.50%
Bharti Airtel Limited!nse/BHARTIARTL	3.70%
Infosys Limited!nse/INFY	3.38%
INR CASHINR	2.91%
Axis Bank Limited!nse/AXISBANK	2.43%
Mahindra & Mahindra Limited!nse/M&M	2.32%
Larsen & Toubro Limited!nse/LT	2.09%

Which One Should You Choose?

Choose EWZ if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose EWZ if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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