iShares MSCI Brazil Small-Cap ETF

10-Year Study

EWZS.US · · US · ETF

Executive Summary: iShares MSCI Brazil Small-Cap ETF has compounded at 10.6% annually over the last 10 years, with a maximum drawdown of 54.8% and an annualized volatility of 43.6%.

1Y CAGR
+35.6%
3Y CAGR
+10.3%
5Y CAGR
+0.3%
10Y CAGR
+10.6%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
54.8%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.38
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.55
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
35.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +54.2%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · -35.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202614.75.0-4.97.8————————23.5%
202513.5-5.18.111.34.66.8-10.913.33.8-1.33.2-6.145.2%
2024-7.10.63.3-10.0-1.4-7.41.74.90.5-6.4-9.3-11.2-35.9%
202311.1-12.53.13.810.014.13.5-11.0-3.7-7.214.47.932.7%
20227.5-1.616.9-12.44.0-22.86.07.9-4.512.0-11.5-5.7-11.2%
2021-6.6-4.45.49.111.25.5-9.4-3.3-7.8-14.7-3.37.0-14.1%
2020-2.7-13.8-46.110.46.312.712.4-4.4-6.7-3.525.19.4-20.9%
201916.1-4.9-4.11.01.29.87.6-7.01.75.9-1.018.850.6%
20189.9-1.6-2.7-3.5-16.3-7.910.0-12.3-1.021.30.42.2-6.7%
201719.16.0-1.52.1-5.0-2.015.69.44.6-4.8-3.57.354.2%
2016———10.4-10.023.514.4-2.11.810.1-13.00.735.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 43.6%. The dominant macroeconomic risk driver is SHV.US, accounting for 39.4% of variance. Idiosyncratic stock-specific factors contribute 20.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0111041.403366867195
2016-05-019940.852333046863
2016-06-0112275.415803043323
2016-07-0114042.768313027651
2016-08-0113752.42235815513
2016-09-0114006.706772492122
2016-10-0115425.408220009098
2016-11-0113417.589269164011
2016-12-0113509.596751091112
2017-01-0116083.447078846702
2017-02-0117056.266113947728
2017-03-0116797.60039094754
2017-04-0117154.84555886962
2017-05-0116292.73882345011
2017-06-0115970.03858921861
2017-07-0118465.362384780008
2017-08-0120199.686567918707
2017-09-0121122.963112751295
2017-10-0120112.228906526463
2017-11-0119413.57868661847
2017-12-0120828.235849215573
2018-01-0122899.583775676994
2018-02-0122528.689146150344
2018-03-0121927.775811805943
2018-04-0121160.709772003433
2018-05-0117721.213959523444
2018-06-0116325.598638424077
2018-07-0117964.71361407411
2018-08-0115761.757915845172
2018-09-0115604.36782771346
2018-10-0118935.173482971877
2018-11-0119013.86852703773
2018-12-0119428.744755067994
2019-01-0122565.930269787503
2019-02-0121461.840486662288
2019-03-0120586.758337124847
2019-04-0120802.116509108066
2019-05-0121044.436580557096
2019-06-0123100.11290295401
2019-07-0124847.5810120823
2019-08-0123104.157187873883
2019-09-0123496.115801358206
2019-10-0124874.87993529144
2019-11-0124629.189626409177
2019-12-0129259.558835919986
2020-01-0128461.655123603457
2020-02-0124527.408455925717
2020-03-0113219.756331833576
2020-04-0114595.318740205248
2020-05-0115517.078678192876
2020-06-0117492.37483780732
2020-07-0119664.998399137217
2020-08-0118800.195473771124
2020-09-0117533.828758236014
2020-10-0116924.99536592353
2020-11-0121166.607687511583
2020-12-0123155.216284987277
2021-01-0121636.75580944677
2021-02-0120689.382066966617
2021-03-0121803.91958613484
2021-04-0123782.24895943919
2021-05-0126457.206410191597
2021-06-0127899.836543484485
2021-07-0125276.2752135888
2021-08-0124444.16359132501
2021-09-0122525.824444332102
2021-10-0119225.182414101073
2021-11-0118590.566705424397
2021-12-0119891.646866521744
2022-01-0121383.988001954735
2022-02-0121050.671519808573
2022-03-0124600.205584483425
2022-04-0121543.23172067472
2022-05-0122398.092445612794
2022-06-0117300.102792241712
2022-07-0118344.539372798812
2022-08-0119786.158434861733
2022-09-0118888.832718265
2022-10-0121154.306320880303
2022-11-0118727.061321470097
2022-12-0117664.930994388556
2023-01-0119624.55554993849
2023-02-0117173.38186475237
2023-03-0117702.846165512357
2023-04-0118368.636570446386
2023-05-0120214.684124496573
2023-06-0123055.625768835416
2023-07-0123851.675850563668
2023-08-0121218.50934398328
2023-09-0120437.625330704544
2023-10-0118968.03329794584
2023-11-0121708.373354902855
2023-12-0123432.58682574187
2024-01-0121767.68953372765
2024-02-0121907.72289907824
2024-03-0122623.392818024025
2024-04-0120351.68427615725
2024-05-0120071.617545456073
2024-06-0118586.1853967612
2024-07-0118902.819203612893
2024-08-0119823.568070370555
2024-09-0119916.08108791264
2024-10-0118649.54586050587
2024-11-0116908.144178757393
2024-12-0115008.846873262222
2025-01-0117037.055760578332
2025-02-0116160.962539810931
2025-03-0117475.186626897867
2025-04-0119454.864095175504
2025-05-0120347.1344556224
2025-06-0121732.807576293748
2025-07-0119372.630301804762
2025-08-0121954.063663785113
2025-09-0122781.793977385703
2025-10-0122494.986771818072
2025-11-0123207.117941458975
2025-12-0121788.585005813657
2026-01-0124990.31056737947
2026-02-0126237.298417673523
2026-03-0124956.6081930472
2026-04-0126901.90923950592
Annual Return Matrix
YearAnnual Return
20170.5417363103405264
2018-0.06719201300960342
20190.5059932694976408
2020-0.208627292884499
2021-0.14094316279746744
2022-0.1119422583295917
20230.3265031622928769
2024-0.3594882637210908
20250.4517161238169016
20260.23467904098994574
Total Factor Risk
0.43632533289959935
VTI.US Exposure
-0.062238833607817366
VEA.US Exposure
0.011247975657972684
VWO.US Exposure
0.03999505355809007
QQQ.US Exposure
0.060328535886651206
VTV.US Exposure
0.05639889242013137
IJR.US Exposure
0.004745753055121436
QUAL.US Exposure
-0.025031246410646694
SHV.US Exposure
0.3937456233998667
TLT.US Exposure
0.08172317480751319
LQD.US Exposure
-0.007494193239393861
HYG.US Exposure
0.18676279025628584
GLD.US Exposure
0.024800500950171125
USO.US Exposure
0.0030039658672316636
VNQ.US Exposure
-0.001822472637440287
BTC-USD.CC Exposure
0.0014508874360306863
CPER.US Exposure
0.016501213674285458
VIX.INDX Exposure
0.006737707382998984
UUP.US Exposure
-0.0017108367628776845
TIP.US Exposure
0.010776835207390683
Idiosyncratic Exposure
0.20007867309843463
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
43.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+7.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+18.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.5% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.71
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Brazil Small-Cap ETF a high-risk investment?

iShares MSCI Brazil Small-Cap ETF (EWZS.US) has an annualized volatility of 43.6% and experienced a maximum drawdown of 54.8% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of EWZS.US?

Over the past 10 years, EWZS.US has generated a Compound Annual Growth Rate (CAGR) of 10.6%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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