EWZS vs RFG

Comparison between ISHARES MSCI BRAZIL SMALL-CAP ETF (EWZS, ETF) and INVESCO S&P MIDCAP 400 PURE GROWTH ETF (RFG, ETF).

5-Year PerformanceRFG has outperformed EWZS, delivering a return of +7.9% compared to -4.6%

EWZS vs RFG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWZS(ETF)	RFG(ETF)
Net Assets	$330M	$329M
Expense Ratio	0.59%	0.35%
Max Drawdown	81.65%	51.96%
Sharpe Ratio	0.25	1.26
5Y Beta	0.87	1.12
P/E Ratio	N/A	31.44
Forward P/E	N/A	21.70
5Y Dividends CAGR	21.23%	16.17%
5Y EPS CAGR	N/A	22.99%
Debt to Equity	N/A	64.80%
P/S Ratio	N/A	3.52
P/B Ratio	N/A	5.39

Net Assets

Winner

EWZS

$330M

RFG

$329M

Expense Ratio

EWZS

0.59%

Winner

RFG

0.35%

Max Drawdown

EWZS

81.65%

Winner

RFG

51.96%

Sharpe Ratio

EWZS

0.25

Winner

RFG

1.26

5Y Beta

Winner

EWZS

0.87

RFG

1.12

P/E Ratio

EWZS

N/A

RFG

31.44

Forward P/E

EWZS

N/A

RFG

21.70

5Y Dividends CAGR

Winner

EWZS

21.23%

RFG

16.17%

5Y EPS CAGR

EWZS

N/A

RFG

22.99%

Debt to Equity

EWZS

N/A

RFG

64.80%

P/S Ratio

EWZS

N/A

RFG

3.52

P/B Ratio

EWZS

N/A

RFG

5.39

EWZS vs RFG - Holdings Comparison

EWZS and RFG have 1 common holdings. Overlap is 0.00%

EWZS's top 25 holdings weight is 62.15%. RFG's top 25 holdings weight is 47.05%.

Rank	EWZS	RFG
#1	LOJAS RENNER SA (n/a) - 4.97%	STERLING INFRASTRUCTURE INC (STRL) - 3.00%
#2	AURA MINERALS INC (AUGO) - 3.99%	DIGITALOCEAN HOLDINGS INC (DOCN) - 2.57%
#3	SENDAS DISTRIBUIDORA SA ORDINARY SHARES (n/a) - 3.74%	VALARIS LTD (VAL) - 2.52%
#4	n/a (n/a) - 3.26%	TECHNIPFMC PLC (n/a) - 2.38%
#5	ALLOS SA (n/a) - 3.25%	ARROWHEAD PHARMACEUTICALS INC (ARWR) - 2.30%
#6	n/a (n/a) - 3.23%	MASTEC INC (MTZ) - 2.23%
#7	NATURA COSMETICOS SA (n/a) - 2.95%	TTM TECHNOLOGIES INC (TTMI) - 2.10%
#8	n/a (n/a) - 2.86%	FABRINET (FN) - 2.05%
#9	PAGSEGURO DIGITAL LTD CLASS A (PAGS) - 2.51%	RAMBUS INC (RMBS) - 1.95%
#10	n/a (n/a) - 2.48%	CARPENTER TECHNOLOGY CORP (CRS) - 1.86%
#11	INTER & CO INC ORDINARY SHARES CLASS A (INTR) - 2.45%	WOODWARD INC (WWD) - 1.86%
#12	BRAVA ENERGIA SA ORDINARY SHARES (n/a) - 2.40%	HALOZYME THERAPEUTICS INC (HALO) - 1.84%
#13	n/a (n/a) - 2.38%	VICOR CORP (VICR) - 1.79%
#14	HYPERA SA (n/a) - 2.34%	FIVE BELOW INC (FIVE) - 1.71%
#15	BRADESPAR SA PARTICIPATING PREFERRED (n/a) - 1.93%	FIRSTCASH HOLDINGS INC (FCFS) - 1.71%
#16	GPS PARTICIPACOES E EMPREENDIMENTOS SA (n/a) - 1.93%	TWILIO INC CLASS A (TWLO) - 1.66%
#17	n/a (n/a) - 1.89%	DYCOM INDUSTRIES INC (DY) - 1.66%
#18	CYRELA BRAZIL REALTY SA EMPREEND E PART (n/a) - 1.87%	INTERDIGITAL INC (IDCC) - 1.60%
#19	n/a (n/a) - 1.83%	CURTISS-WRIGHT CORP (CW) - 1.54%
#20	COSAN SA (n/a) - 1.80%	MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.53%
#21	n/a (n/a) - 1.78%	UNITED THERAPEUTICS CORP (UTHR) - 1.53%
#22	n/a (n/a) - 1.67%	ATI INC (ATI) - 1.46%
#23	COGNAEDUCACAO SA (n/a) - 1.65%	FLEX LTD (FLEX) - 1.42%
#24	SIGMA LITHIUM CORP (SGML) - 1.50%	MEDPACE HOLDINGS INC (MEDP) - 1.39%
#25	AUREN ENERGIA SA (n/a) - 1.49%	TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 1.39%
Total Holdings	79	97

EWZS vs RFG - Historical Returns

Returns include dividend reinvestment.

Period	EWZS	RFG
1 month	-12.38%	+1.48%
3 months	-7.56%	+9.67%
6 months	+1.69%	+17.66%
1 year	+6.81%	+29.11%
5 years(CAGR)	-4.57%	+7.94%
10 years(CAGR)	+7.42%	+10.10%
Max(CAGR)	-1.19%	+9.84%

EWZS

-12.38%

Winner

RFG

+1.48%

EWZS

-7.56%

Winner

RFG

+9.67%

EWZS

+1.69%

Winner

RFG

+17.66%

EWZS

+6.81%

Winner

RFG

+29.11%

5Y(CAGR)

EWZS

-4.57%

Winner

RFG

+7.94%

10Y(CAGR)

EWZS

+7.42%

Winner

RFG

+10.10%

Max(CAGR)

EWZS

-1.19%

Winner

RFG

+9.84%

EWZS vs RFG - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	EWZS	RFG
2026	+1.97%	+16.16%
2025	+44.26%	+8.30%
2024	-33.42%	+18.48%
2023	+43.43%	+18.52%
2022	-6.28%	-21.47%
2021	-12.21%	+15.20%
2020	-21.62%	+31.68%
2019	+44.85%	+17.67%
2018	-9.43%	-15.08%
2017	+49.22%	+20.18%
2016	+72.86%	+6.14%
2015	-49.35%	+2.94%
2014	-23.10%	+0.79%
2013	-27.74%	+32.41%
2012	+25.66%	+16.48%
2011	-24.85%	-0.82%
2010	+16.35%	+32.35%
2009	N/A	+53.86%
2008	N/A	-34.58%
2007	N/A	+10.30%
2006	N/A	+1.80%

EWZS vs RFG 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 RFG was -51.93%, occurring on Nov 20, 2008. Recovery took 548 trading sessions.

The current EWZS drawdown is -32.51%. The current RFG drawdown is -3.41%.

Rank	EWZS	RFG
#1	-79.22% Apr 26, 2011 - Jan 21, 2016	-51.93% Oct 31, 2007 - Jan 5, 2010
#2	-9.69% Jan 12, 2011 - Apr 4, 2011	-42.92% Sep 14, 2018 - Aug 5, 2020
#3	-8.18% Nov 4, 2010 - Jan 3, 2011	-35.15% Nov 16, 2021 - Mar 4, 2024
#4	-4.01% Oct 13, 2010 - Nov 2, 2010	-26.71% Nov 25, 2024 - Dec 11, 2025
#5	-2.59% Apr 8, 2011 - Apr 20, 2011	-25.03% Jul 7, 2011 - Dec 11, 2012
#6	-1.75% Jan 3, 2011 - Jan 12, 2011	-23.73% Aug 17, 2015 - Apr 25, 2017
#7	-1.73% Apr 4, 2011 - Apr 8, 2011	-18.66% Apr 23, 2010 - Oct 22, 2010
#8	-0.48% Apr 20, 2011 - Apr 26, 2011	-14.84% Apr 19, 2006 - Jan 24, 2007
#9	-0.26% Oct 5, 2010 - Oct 8, 2010	-12.98% Jul 16, 2007 - Oct 31, 2007
#10	-0.20% Oct 1, 2010 - Oct 5, 2010	-12.48% Sep 18, 2014 - Feb 17, 2015
#11	N/A	-12.01% Jul 16, 2024 - Nov 8, 2024
#12	N/A	-12.00% Feb 12, 2021 - Apr 23, 2021
#13	N/A	-10.41% Mar 2, 2026 - Apr 17, 2026
#14	N/A	-10.35% Apr 26, 2021 - Oct 25, 2021
#15	N/A	-10.02% Jan 23, 2018 - Jun 6, 2018

Correlation

Correlation between EWZS and RFG is -0.14 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.14

-101

Dividend Comparison (2006 - 2026)

EWZS vs RFG dividend yield comparison.

Year	EWZS	RFG
2026	0.00%	0.02%
2025	3.88%	0.43%
2024	4.93%	0.38%
2023	2.75%	0.99%
2022	4.61%	0.78%
2021	4.51%	0.05%
2020	1.15%	0.27%
2019	1.77%	0.64%
2018	4.35%	0.76%
2017	3.41%	0.66%
2016	3.62%	0.35%
2015	4.35%	0.61%
2014	3.05%	0.60%
2013	1.88%	0.65%
2012	2.64%	0.65%
2011	2.57%	0.11%
2010	0.35%	0.10%
2009	0.00%	0.16%
2008	0.00%	0.07%
2007	0.00%	0.51%
2006	0.00%	0.32%