EWZS vs TFGZ

Comparison between ISHARES MSCI BRAZIL SMALL-CAP ETF (EWZS, ETF) and THORNBURG FOCUS GROWTH FUND ETF CLASS (TFGZ, ETF).

EWZS vs TFGZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWZS(ETF)	TFGZ(ETF)
Net Assets	$228M	$227M
Expense Ratio	0.59%	0.79%
Max Drawdown	81.65%	7.53%
Sharpe Ratio	0.14	2.24
5Y Beta	0.87	1.28
P/E Ratio	N/A	37.95
Forward P/E	N/A	24.00
5Y Dividends CAGR	8.02%	N/A
5Y EPS CAGR	N/A	22.52%
Debt to Equity	N/A	58.00%
P/S Ratio	N/A	6.09
P/B Ratio	N/A	7.47

Net Assets

Winner

EWZS

$228M

TFGZ

$227M

Expense Ratio

Winner

EWZS

0.59%

TFGZ

0.79%

Max Drawdown

EWZS

81.65%

Winner

TFGZ

7.53%

Sharpe Ratio

EWZS

0.14

Winner

TFGZ

2.24

5Y Beta

Winner

EWZS

0.87

TFGZ

1.28

P/E Ratio

EWZS

N/A

TFGZ

37.95

Forward P/E

EWZS

N/A

TFGZ

24.00

5Y Dividends CAGR

EWZS

8.02%

TFGZ

N/A

5Y EPS CAGR

EWZS

N/A

TFGZ

22.52%

Debt to Equity

EWZS

N/A

TFGZ

58.00%

P/S Ratio

EWZS

N/A

TFGZ

6.09

P/B Ratio

EWZS

N/A

TFGZ

7.47

EWZS vs TFGZ - Holdings Comparison

EWZS and TFGZ have 1 common holdings. Overlap is -0.05%

EWZS's top 25 holdings weight is 65.47%. TFGZ's top 25 holdings weight is 81.03%.

Rank	EWZS	TFGZ
#1	TOTVS SA (n/a) - 5.13%	MICROSOFT CORP (MSFT) - 9.92%
#2	n/a (n/a) - 5.10%	ALPHABET INC CLASS A (GOOGL) - 7.45%
#3	LOJAS RENNER SA (n/a) - 4.92%	BROADCOM INC (AVGO) - 6.94%
#4	SENDAS DISTRIBUIDORA SA ORDINARY SHARES (n/a) - 3.95%	CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 4.77%
#5	ALLOS SA (n/a) - 3.69%	META PLATFORMS INC CLASS A (META) - 4.76%
#6	n/a (n/a) - 3.25%	MASTERCARD INC CLASS A (MA) - 3.30%
#7	n/a (n/a) - 2.68%	ROYALTY PHARMA PLC CLASS A (RPRX) - 2.89%
#8	n/a (n/a) - 2.63%	THORNBURG CAPITAL MANAGEMENT (n/a) - 2.87%
#9	NATURA COSMETICOS SA (n/a) - 2.59%	SITIME CORP ORDINARY SHARES (SITM) - 2.81%
#10	n/a (n/a) - 2.52%	ARGAN INC (AGX) - 2.76%
#11	PAGSEGURO DIGITAL LTD CLASS A (PAGS) - 2.37%	VERTIV HOLDINGS CO CLASS A (VRT) - 2.68%
#12	INTER & CO INC ORDINARY SHARES CLASS A (INTR) - 2.33%	HEICO CORP CLASS A (HEI-A) - 2.64%
#13	COSAN SA (n/a) - 2.23%	REDDIT INC CLASS A SHARES (RDDT) - 2.54%
#14	HYPERA SA (n/a) - 2.21%	S&P GLOBAL INC (SPGI) - 2.52%
#15	BRAVA ENERGIA SA ORDINARY SHARES (n/a) - 2.17%	DATADOG INC CLASS A (DDOG) - 2.50%
#16	CYRELA BRAZIL REALTY SA EMPREEND E PART (n/a) - 2.07%	REPLIGEN CORP (RGEN) - 2.29%
#17	n/a (n/a) - 1.95%	VICTORIA'S SECRET & CO (VSXY) - 2.25%
#18	BRADESPAR SA PARTICIPATING PREFERRED (n/a) - 1.92%	STANDARDAERO INC (SARO) - 2.11%
#19	n/a (n/a) - 1.85%	LAM RESEARCH CORP (LRCX) - 2.09%
#20	n/a (n/a) - 1.81%	TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 2.01%
#21	n/a (n/a) - 1.79%	MAREX GROUP PLC (MRX) - 1.99%
#22	GPS PARTICIPACOES E EMPREENDIMENTOS SA (n/a) - 1.78%	SAMSARA INC ORDINARY SHARES CLASS A (IOT) - 1.89%
#23	DIRECIONAL ENGENHARIA SA (n/a) - 1.58%	TAPESTRY INC (TPR) - 1.83%
#24	MARCOPOLO SA PARTICIPATING PREFERRED (n/a) - 1.48%	ACADIAN ASSET MANAGEMENT INC (AAMI) - 1.70%
#25	n/a (n/a) - 1.47%	THE VITA COCO CO INC (COCO) - 1.52%
Total Holdings	81	44

EWZS vs TFGZ - Historical Returns

Returns include dividend reinvestment.

Period	EWZS	TFGZ
1 month	-0.10%	+6.12%
3 months	-8.79%	+3.36%
6 months	-18.40%	N/A
1 year	+2.89%	N/A
5 years(CAGR)	-2.70%	N/A
10 years(CAGR)	+4.68%	N/A
Max(CAGR)	-1.33%	+57.52%

EWZS

-0.10%

Winner

TFGZ

+6.12%

EWZS

-8.79%

Winner

TFGZ

+3.36%

EWZS

-18.40%

TFGZ

N/A

EWZS

+2.89%

TFGZ

N/A

5Y(CAGR)

EWZS

-2.70%

TFGZ

N/A

10Y(CAGR)

EWZS

+4.68%

TFGZ

N/A

Max(CAGR)

EWZS

-1.33%

Winner

TFGZ

+57.52%

EWZS vs TFGZ - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	EWZS	TFGZ
2026	-0.59%	+19.92%
2025	+44.26%	N/A
2024	-33.42%	N/A
2023	+43.43%	N/A
2022	-6.28%	N/A
2021	-12.21%	N/A
2020	-21.62%	N/A
2019	+44.85%	N/A
2018	-9.43%	N/A
2017	+49.22%	N/A
2016	+72.86%	N/A
2015	-49.35%	N/A
2014	-23.10%	N/A
2013	-27.74%	N/A
2012	+25.66%	N/A
2011	-24.85%	N/A
2010	+16.35%	N/A

EWZS vs TFGZ 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 TFGZ was -7.53%, occurring on Jul 29, 2026. Recovery took 18 trading sessions.

The current EWZS drawdown is -34.20%. The current TFGZ drawdown is -4.08%.

Rank	EWZS	TFGZ
#1	-79.22% Apr 26, 2011 - Jan 21, 2016	-7.53% Jul 9, 2026 - Aug 4, 2026
#2	-9.69% Jan 12, 2011 - Apr 4, 2011	-5.24% Jun 2, 2026 - Jul 6, 2026
#3	-8.18% Nov 4, 2010 - Jan 3, 2011	-4.43% Aug 13, 2026 - Aug 24, 2026
#4	-4.01% Oct 13, 2010 - Nov 2, 2010	-3.75% May 11, 2026 - May 26, 2026
#5	-2.59% Apr 8, 2011 - Apr 20, 2011	-2.14% Apr 22, 2026 - May 1, 2026
#6	-1.75% Jan 3, 2011 - Jan 12, 2011	-1.50% Jul 6, 2026 - Jul 9, 2026
#7	-1.73% Apr 4, 2011 - Apr 8, 2011	-0.87% Aug 4, 2026 - Aug 7, 2026
#8	-0.48% Apr 20, 2011 - Apr 26, 2011	-0.54% Aug 7, 2026 - Aug 12, 2026
#9	-0.26% Oct 5, 2010 - Oct 8, 2010	-0.53% Apr 20, 2026 - Apr 22, 2026
#10	-0.20% Oct 1, 2010 - Oct 5, 2010	-0.47% Apr 8, 2026 - Apr 13, 2026
#11	N/A	-0.16% May 26, 2026 - May 28, 2026
#12	N/A	-0.14% May 6, 2026 - May 8, 2026