ETF comparison
EWZ vs FNDE
Both International Emerging.
iShares MSCI Brazil ETF · Schwab Fundamental Emerging Markets Equity ETF
Holdings overlap
24 positions appear in both funds. Buying equal dollars of EWZ and FNDE would leave roughly 12.9% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
FNDE is 20 bps cheaper than EWZ. On a $100,000 position that's about $200/yr more in fees for EWZ.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with EWZ vs FNDE.
Top shared holdings
24 shared in total| # | Holding | In EWZ | In FNDE | Overlap |
|---|---|---|---|---|
| 1 | Vale SA | 11.14% | 3.43% | 3.43% |
| 2 | Petroleo Brasileiro SA - Petrobras | 6.18% | 2.17% | 2.17% |
| 3 | Petroleo Brasileiro SA - Petrobras | 5.55% | 2.01% | 2.01% |
| 4 | Itau Unibanco Holding SA | 8.98% | 0.88% | 0.88% |
| 5 | Banco Bradesco SA | 3.61% | 0.61% | 0.61% |
| 6 | Banco do Brasil SA | 1.77% | 0.55% | 0.55% |
| 7 | Vibra Energia SA | 1.30% | 0.54% | 0.54% |
| 8 | Gerdau SA | 1.10% | 0.40% | 0.40% |
| 9 | Ultrapar Participacoes SA | 0.79% | 0.27% | 0.27% |
| 10 | Ambev SA | 2.90% | 0.27% | 0.27% |
| 11 | Suzano SA | 1.57% | 0.21% | 0.21% |
| 12 | Telefonica Brasil SA | 1.39% | 0.18% | 0.18% |
Only in EWZ
24 total- NU Holdings Ltd/Cayman Islands 9.15%
- WEG SA 3.12%
- Banco BTG Pactual SA 2.77%
- Itausa SA 2.62%
- Embraer SA 2.46%
- PRIO SA/Brazil 1.71%
- XP Inc 1.56%
- Raia Drogasil SA 1.30%
- JBS NV 1.27%
- Rede D'Or Sao Luiz SA 1.26%
Only in FNDE
315 total- Taiwan Semiconductor Manufacturing Co Ltd 5.91%
- Alibaba Group Holding Ltd 3.11%
- Hon Hai Precision Industry Co Ltd 2.80%
- China Construction Bank Corp 2.35%
- Tencent Holdings Ltd 1.70%
- Ping An Insurance Group Co of China Ltd 1.34%
- China Petroleum & Chemical Corp 1.21%
- Industrial & Commercial Bank of China Ltd 1.16%
- PetroChina Co Ltd 1.11%
- JD.com Inc 1.06%
Open EWZ or FNDE at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.