EWZS vs NBH

Comparison between ISHARES MSCI BRAZIL SMALL-CAP ETF (EWZS, ETF) and Neuberger Berman Municipal Fund Inc (NBH, ETF).

5-Year PerformanceNBH has outperformed EWZS, delivering a return of -3.2% compared to -4.6%

EWZS vs NBH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWZS(ETF)	NBH(ETF)
Net Assets	$330M	$333M
Expense Ratio	0.59%	N/A
Max Drawdown	81.65%	49.69%
Sharpe Ratio	0.25	0.77
5Y Beta	0.87	0.21
5Y Dividends CAGR	21.23%	-1.21%

Net Assets

EWZS

$330M

Winner

NBH

$333M

Expense Ratio

EWZS

0.59%

NBH

N/A

Max Drawdown

EWZS

81.65%

Winner

NBH

49.69%

Sharpe Ratio

EWZS

0.25

Winner

NBH

0.77

5Y Beta

EWZS

0.87

Winner

NBH

0.21

5Y Dividends CAGR

Winner

EWZS

21.23%

NBH

-1.21%

EWZS vs NBH - Historical Returns

Returns include dividend reinvestment.

Period	EWZS	NBH
1 month	-12.38%	-0.07%
3 months	-7.56%	+0.22%
6 months	+1.69%	+2.50%
1 year	+6.81%	+10.92%
5 years(CAGR)	-4.57%	-3.22%
10 years(CAGR)	+7.42%	+0.61%
Max(CAGR)	-1.19%	+3.91%

EWZS

-12.38%

Winner

NBH

-0.07%

EWZS

-7.56%

Winner

NBH

+0.22%

EWZS

+1.69%

Winner

NBH

+2.50%

EWZS

+6.81%

Winner

NBH

+10.92%

5Y(CAGR)

EWZS

-4.57%

Winner

NBH

-3.22%

10Y(CAGR)

Winner

EWZS

+7.42%

NBH

+0.61%

Max(CAGR)

EWZS

-1.19%

Winner

NBH

+3.91%

EWZS vs NBH - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	EWZS	NBH
2026	+1.97%	+3.56%
2025	+44.26%	+3.72%
2024	-33.42%	+5.10%
2023	+43.43%	+2.61%
2022	-6.28%	-28.53%
2021	-12.21%	+4.67%
2020	-21.62%	+4.47%
2019	+44.85%	+25.05%
2018	-9.43%	-9.40%
2017	+49.22%	-2.94%
2016	+72.86%	+9.20%
2015	-49.35%	+7.37%
2014	-23.10%	+17.41%
2013	-27.74%	-9.28%
2012	+25.66%	+6.63%
2011	-24.85%	+21.40%
2010	+16.35%	+10.30%
2009	N/A	+22.48%
2008	N/A	-8.12%
2007	N/A	-1.92%
2006	N/A	+9.24%
2005	N/A	+7.01%
2004	N/A	+2.11%
2003	N/A	+5.39%
2002	N/A	-9.14%

EWZS vs NBH Drawdown Comparison

The maximum drawdown for EWZS was -79.22%, occurring on Jan 21, 2016. This drawdown has not yet recovered.

The maximum drawdown for NBH was -43.50%, occurring on Oct 25, 2023. This drawdown has not yet recovered.

The current EWZS drawdown is -32.51%. The current NBH drawdown is -23.68%.

Rank	EWZS	NBH
#1	-79.22% Apr 26, 2011 - Jan 21, 2016	-43.50% Aug 27, 2021 - Oct 25, 2023
#2	-9.69% Jan 12, 2011 - Apr 4, 2011	-32.21% Feb 25, 2020 - Jan 11, 2021
#3	-8.18% Nov 4, 2010 - Jan 3, 2011	-26.07% Jan 16, 2008 - Jan 5, 2009
#4	-4.01% Oct 13, 2010 - Nov 2, 2010	-21.60% Nov 23, 2012 - Dec 4, 2014
#5	-2.59% Apr 8, 2011 - Apr 20, 2011	-18.63% Aug 23, 2016 - Jul 17, 2019
#6	-1.75% Jan 3, 2011 - Jan 12, 2011	-16.00% Mar 17, 2004 - Jun 16, 2005
#7	-1.73% Apr 4, 2011 - Apr 8, 2011	-13.79% Nov 1, 2002 - May 8, 2003
#8	-0.48% Apr 20, 2011 - Apr 26, 2011	-12.64% Jul 3, 2003 - Feb 27, 2004
#9	-0.26% Oct 5, 2010 - Oct 8, 2010	-12.16% Oct 26, 2010 - Aug 17, 2011
#10	-0.20% Oct 1, 2010 - Oct 5, 2010	-10.82% Jan 5, 2009 - May 19, 2009
#11	N/A	-8.96% Sep 27, 2006 - Jan 14, 2008
#12	N/A	-8.21% Feb 24, 2012 - Mar 30, 2012
#13	N/A	-7.71% Aug 2, 2012 - Sep 17, 2012
#14	N/A	-7.43% Jan 28, 2015 - Oct 6, 2015
#15	N/A	-7.39% Feb 9, 2021 - Apr 15, 2021

Correlation

Correlation between EWZS and NBH is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.28

-101

Dividend Comparison (2002 - 2026)

EWZS vs NBH dividend yield comparison.

Year	EWZS	NBH
2026	0.00%	2.65%
2025	3.88%	6.43%
2024	4.93%	5.33%
2023	2.75%	4.49%
2022	4.61%	6.14%
2021	4.51%	4.89%
2020	1.15%	4.93%
2019	1.77%	4.86%
2018	4.35%	6.04%
2017	3.41%	5.53%
2016	3.62%	5.54%
2015	4.35%	5.73%
2014	3.05%	5.47%
2013	1.88%	5.98%
2012	2.64%	4.76%
2011	2.57%	5.28%
2010	0.35%	6.00%
2009	0.00%	5.18%
2008	0.00%	5.73%
2007	0.00%	5.15%
2006	0.00%	5.73%
2005	0.00%	5.99%
2004	0.00%	6.07%
2003	0.00%	5.89%
2002	0.00%	0.98%