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EWZ ETF — iShares MSCI Brazil ETF
iShares MSCI Brazil ETF (EWZ)
Updated October 27, 2026.
Verdict as of October 27, 2026
EWZ's distribution is rated caution by the Dividend Vision Distribution Safety Score™ (58/100, high confidence). It pays semi-annual and its distribution rate is 1.93%. The latest total cash payment per current share, $0.331 with an ex-date of June 15, 2026, was 212.3% higher than the previous $0.106. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: iShares page for EWZ, Section 19a-1 notices, scoring methodology.
EWZ is an ETF that tracks the MSCI Brazil 25/50 Index. Its distribution rate is 1.93%, its trailing-12-month yield is 4.27%, its expense ratio is 0.59%. Dividend Vision Distribution Safety Score™ is 58/100 (Caution). Total return is 382.7% over the past 26.3 years, 327.5 points behind SPY at 710.2%.
iShares MSCI Brazil ETF tracks the MSCI Brazil 25/50 Index, a free float-adjusted market capitalization-weighted index of large- and mid-cap Brazilian equities. The fund distributes dividends semi-annually at a modest current distribution rate and carries an expense ratio of 0.59%. It appeals to investors seeking exposure to Brazilian equity markets with a straightforward index-tracking approach.
EWZ dividend yield and income
Price as of 2026-10-27.
The distribution rate (1.93%) has no calculation basis on file. Trailing-12-month yield (4.27%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.331. The ex-dividend date is 06/15/2026. The payment date is 06/18/2026.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2026-06-15 | $0.331 | $0.331 | 212.3% Total cash (unclassified) |
| 2025-12-30 | $0.106 | $0.106 | -89.7% Total cash (unclassified) |
| 2025-12-16 | $1.027 | $1.027 | 99.4% Total cash (unclassified) |
| 2025-06-16 | $0.515 | $0.515 | -52.8% Total cash (unclassified) |
| 2024-12-17 | $1.092 | $1.092 | 19.5% Total cash (unclassified) |
| 2024-06-11 | $0.914 | $0.914 | -25.1% Total cash (unclassified) |
| 2023-12-20 | $1.221 | $1.221 | 61.5% Total cash (unclassified) |
| 2023-06-07 | $0.756 | $0.756 | -62.6% Total cash (unclassified) |
| 2022-12-13 | $2.022 | $2.022 | 34.9% Total cash (unclassified) |
| 2022-06-09 | $1.499 | $1.499 | 831.1% Total cash (unclassified) |
| 2021-12-30 | $0.161 | $0.161 | -91.9% Total cash (unclassified) |
| 2021-12-13 | $1.984 | $1.984 | 216.9% Total cash (unclassified) |
| 2021-06-10 | $0.626 | $0.626 | 126.8% Total cash (unclassified) |
| 2020-12-14 | $0.276 | $0.276 | -22.7% Total cash (unclassified) |
| 2020-06-15 | $0.357 | $0.357 | 268.0% Total cash (unclassified) |
| 2019-12-30 | $0.097 | $0.097 | -83.2% Total cash (unclassified) |
| 2019-12-16 | $0.577 | $0.577 | 8.7% Total cash (unclassified) |
| 2019-06-17 | $0.531 | $0.531 | -7.5% Total cash (unclassified) |
| 2018-12-18 | $0.574 | $0.574 | 8.1% Total cash (unclassified) |
| 2018-06-19 | $0.531 | $0.531 | 962.0% Total cash (unclassified) |
| 2017-12-28 | $0.05 | $0.05 | -86.3% Total cash (unclassified) |
| 2017-12-19 | $0.365 | $0.365 | 31.8% Total cash (unclassified) |
| 2017-06-20 | $0.277 | $0.277 | -29.9% Total cash (unclassified) |
| 2016-12-21 | $0.395 | $0.395 | 89.9% Total cash (unclassified) |
| 2016-06-22 | $0.208 | $0.208 | -10.7% Total cash (unclassified) |
| 2015-12-21 | $0.233 | $0.233 | -61.9% Total cash (unclassified) |
| 2015-06-25 | $0.611 | $0.611 | 46.2% Total cash (unclassified) |
| 2014-12-17 | $0.418 | $0.418 | -56.6% Total cash (unclassified) |
| 2014-06-25 | $0.963 | $0.963 | 63.8% Total cash (unclassified) |
| 2013-12-18 | $0.588 | $0.588 | -31.1% Total cash (unclassified) |
| 2013-06-27 | $0.853 | $0.853 | 561.2% Total cash (unclassified) |
| 2012-12-27 | $0.129 | $0.129 | -66.2% Total cash (unclassified) |
| 2012-12-18 | $0.382 | $0.382 | -63.9% Total cash (unclassified) |
| 2012-06-21 | $1.058 | $1.058 | 151.3% Total cash (unclassified) |
| 2011-12-20 | $0.421 | $0.421 | -61.2% Total cash (unclassified) |
| 2011-06-22 | $1.084 | $1.084 | 447.5% Total cash (unclassified) |
| 2010-12-29 | $0.198 | $0.198 | -91.5% Total cash (unclassified) |
| 2010-12-21 | $2.333 | $2.333 | 748.4% Total cash (unclassified) |
| 2010-06-23 | $0.275 | $0.275 | 147.7% Total cash (unclassified) |
| 2009-12-29 | $0.037 | $0.111 | -94.9% Total cash (unclassified) |
| 2009-12-22 | $0.73233 | $2.19699 | 429.4% Total cash (unclassified) |
| 2009-06-23 | $0.13833 | $0.41499 | 100.5% Total cash (unclassified) |
| 2008-12-29 | $0.069 | $0.207 | -84.3% Total cash (unclassified) |
| 2008-12-23 | $0.44033 | $1.32099 | 108.7% Total cash (unclassified) |
| 2008-06-25 | $0.07033 | $0.63297 | -47.3% Total cash (unclassified) |
| 2007-12-24 | $0.13356 | $1.20204 | 1592.8% Total cash (unclassified) |
| 2006-12-27 | $0.00789 | $0.07101 | -91.8% Total cash (unclassified) |
| 2006-12-20 | $0.09656 | $0.86904 | 49.1% Total cash (unclassified) |
| 2005-12-23 | $0.06478 | $0.58302 | 26.5% Total cash (unclassified) |
| 2004-12-23 | $0.05122 | $0.46098 | 3183.3% Total cash (unclassified) |
| 2003-12-31 | $0.00156 | $0.01404 | -94.5% Total cash (unclassified) |
| 2003-12-22 | $0.02844 | $0.25596 | 814.5% Total cash (unclassified) |
| 2003-12-16 | $0.00311 | $0.02799 | -74.5% Total cash (unclassified) |
| 2002-12-23 | $0.01222 | $0.10998 | -82.8% Total cash (unclassified) |
| 2001-08-24 | $0.07089 | $0.63801 | 12558.9% Total cash (unclassified) |
| 2000-12-20 | $0.00056 | $0.00504 | -98.6% Total cash (unclassified) |
| 2000-08-24 | $0.04044 | $0.36396 | — |
| 2000 total (partial launch year) | — | $0.369 | — |
| 2001 total | — | $0.63801 | — |
| 2002 total | — | $0.10998 | -82.8% |
| 2003 total | — | $0.29799 | 170.9% |
| 2004 total | — | $0.46098 | 54.7% |
| 2005 total | — | $0.58302 | 26.5% |
| 2006 total | — | $0.94005 | 61.2% |
| 2007 total | — | $1.20204 | 27.9% |
| 2008 total | — | $2.16096 | 79.8% |
| 2009 total | — | $2.72298 | 26.0% |
| 2010 total | — | $2.806 | 3.0% |
| 2011 total | — | $1.505 | -46.4% |
| 2012 total | — | $1.569 | 4.3% |
| 2013 total | — | $1.441 | -8.2% |
| 2014 total | — | $1.381 | -4.2% |
| 2015 total | — | $0.844 | -38.9% |
| 2016 total | — | $0.603 | -28.6% |
| 2017 total | — | $0.692 | 14.8% |
| 2018 total | — | $1.105 | 59.7% |
| 2019 total | — | $1.205 | 9.0% |
| 2020 total | — | $0.633 | -47.5% |
| 2021 total | — | $2.771 | 337.8% |
| 2022 total | — | $3.521 | 27.1% |
| 2023 total | — | $1.977 | -43.9% |
| 2024 total | — | $2.006 | 1.5% |
| 2025 total | — | $1.648 | -17.8% |
| 2026 YTD total | — | $0.331 | -35.7% vs prior-year YTD |
EWZ dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -8.9%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -54.39%.
| Window | Change |
|---|---|
| 1Y | -8.9% |
| 3Y | -47.3% |
| 5Y | 62.3% |
| 10Y | 232.0% |
EWZ holdings and sector exposure
The top 10 holdings are 57.9% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| PETR4 | Petróleo Brasileiro S.A. - Petrobras | 8.43% |
| ITUB4 | Itaú Unibanco Holding S.A | 8.40% |
| NU | Nu Holdings Ltd | 8.30% |
| PETR3 | Petróleo Brasileiro S.A. - Petrobras | 7.97% |
| VALE3 | Vale S.A. | 6.85% |
| B3SA3 | B3 S.A. - Brasil Bolsa Balcão | 4.45% |
| BBDC4 | Banco Bradesco S.A. | 3.99% |
| BPAC11 | Banco BTG Pactual S.A. | 3.45% |
| AXIA3 | Centrais Elétricas Brasileiras S.A. - Eletrobrás | 3.09% |
| ABEV3 | Ambev S.A. | 2.94% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
EWZ performance versus SPY
Total return is 382.7% over the past 26.3 years, 327.5 points behind SPY at 710.2%. Over the past year its total return — price change plus distributions reinvested — is 16.5%. Its deepest 1-year drawdown was 21.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -6.8% | — |
| 3M | -4.4% | — |
| 6M | -13.2% | — |
| YTD | 9.0% | — |
| 1Y | 16.5% | — |
| 2Y CAGR | — | 16.50% |
| 3Y CAGR | — | 10.90% |
| 5Y CAGR | — | 10.60% |
| 10Y CAGR | — | 4.30% |
| Since inception (26.3 years) | 382.7% | 6.20% |
EWZ key facts
- Distribution Safety Score™
- 58 · Caution
- Safety-Adjusted Yield
- 1.12%
- Issuer
- iShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 07/10/2000
- Expense ratio
- 0.59%
- Distribution rate
- 1.93%
- Distribution frequency
- Semi-Annual
- Trailing yield
- 4.27%
- Last close
- $34.30 (as of 2026-10-27)
- AUM
- $13,962,820,078
- Market cap
- $7,999,939,584
- Average volume
- 90,715,283
- Dividend
- $0.331
- Ex-dividend date
- 06/15/2026
- Payment date
- 06/18/2026
- Beta
- 0.83
How Dividend Vision calculates yield and returns
Distribution rate (1.93%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.27%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: iShares or company page; Index: MSCI Brazil 25/50 Index; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
EWZ risks and drawbacks
EWZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 21.6%.
Who may consider EWZ — and who may not
It is a weaker fit for investors who need monthly cash flow (EWZ pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on EWZ
Frequently asked questions
Does EWZ pay monthly?
No. EWZ currently pays semi-annual, not monthly.
What index does EWZ track?
EWZ tracks the MSCI Brazil 25/50 Index.
What is EWZ's expense ratio?
EWZ's expense ratio is 0.59%.
What is EWZ's dividend yield?
EWZ's distribution rate is 1.93%, paid semi-annual, with a 0.59% expense ratio — no calculation basis on file.
How has EWZ's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -8.9%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does EWZ pay a dividend?
EWZ pays semi-annual. The dividend amount is $0.331. The ex-dividend date is 06/15/2026. The payment date is 06/18/2026.
How has EWZ performed?
Total return is 382.7% over the past 26.3 years, 327.5 points behind SPY at 710.2%. Over the past year its total return — price change plus distributions reinvested — is 16.5%. Its deepest 1-year drawdown was 21.6%.
Is EWZ a good investment?
EWZ's Dividend Vision Distribution Safety Score is 58 (Caution). That is a risk signal, not investment advice. Its distribution rate is 1.93% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
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