What is iShares MSCI Brazil ETF's average annual return?

Since 2001, iShares MSCI Brazil ETF (EWZ) has returned about 2.4% a year (the compound annual growth rate) and an average calendar-year return of 11.3%.

What were iShares MSCI Brazil ETF's best and worst years?

Over 2001–2026, the best year was 2009 (+113.2%) and the worst was 2008 (-56.6%).

How often is iShares MSCI Brazil ETF up in a year?

12 of the 25 full years since 2001 were positive — about 48% of the time.

EWZ

iShares MSCI Brazil ETFETF · Country ETFs

$35.74−$0.43 (-1.19%)as of market close, Jul 24, 2026

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EWZ returns by year

iShares MSCI Brazil ETF has returned +2.4% annually (CAGR) since 2001. Calendar-year, monthly and weekly total returns for iShares MSCI Brazil ETF (EWZ) below, through July 24, 2026 — the most recent year is year-to-date.

Annualized (CAGR)

+2.4%

2001–2026

Average year

+11.3%

25 full years

Best year

+113.2%

2009

Worst year

-56.6%

2008

Positive years

12/25

48% up

iShares MSCI Brazil ETF returns by year (2001–2026)#

Calendar-year returns with each year's path and its dividend contribution (dividend return = total minus price return).

iShares MSCI Brazil ETF annual returns by year
Year	Start price	End price	Dividend	Total return
2026YTD	$31.77	$35.74	+0.0%	+12.5%
2025	$22.51	$31.77	+0.0%	+41.1%
2024	$34.96	$22.51	+0.0%	-35.6%
2023	$27.97	$34.96	+0.0%	+25.0%
2022	$28.07	$27.97	+0.0%	-0.4%
2021	$37.07	$28.07	+0.0%	-24.3%
2020	$47.45	$37.07	+0.0%	-21.9%
2019	$38.20	$47.45	+0.0%	+24.2%
2018	$40.45	$38.20	+0.0%	-5.6%
2017	$33.34	$40.45	+0.0%	+21.3%
2016	$20.68	$33.34	+0.0%	+61.2%
2015	$36.57	$20.68	+0.0%	-43.5%
2014	$44.68	$36.57	+0.0%	-18.2%
2013	$55.94	$44.68	+0.0%	-20.1%
2012	$57.39	$55.94	+0.0%	-2.5%
2011	$77.40	$57.39	+0.0%	-25.9%
2010	$74.61	$77.40	+0.0%	+3.7%
2009	$34.99	$74.61	+0.0%	+113.2%
2008	$80.70	$34.99	+0.0%	-56.6%
2007	$46.85	$80.70	+0.0%	+72.3%
2006	$33.37	$46.85	+0.0%	+40.4%
2005	$22.24	$33.37	+0.0%	+50.0%
2004	$17.00	$22.24	+0.0%	+30.8%
2003	$7.98	$17.00	+0.0%	+113.0%
2002	$12.70	$7.98	+0.0%	-37.2%
2001	$16.50	$12.70	+0.0%	-23.0%

Total return by period

-100%-50%+0%+50%+100%

'01'03'05'07'09'11'13'15'17'19'21'23'25

Methodology#

Returns are total returns (dividends reinvested), computed from EWZ's split- and dividend-adjusted closes. The bar chart switches between annual and monthly periods. Annualized return is the compound annual growth rate over the full period. The current year is year-to-date. See also the periodic table of returns. Past performance does not predict future returns; not investment advice.

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FAQ

What is iShares MSCI Brazil ETF's average annual return?: Since 2001, iShares MSCI Brazil ETF (EWZ) has returned about 2.4% a year (the compound annual growth rate) and an average calendar-year return of 11.3%.
What were iShares MSCI Brazil ETF's best and worst years?: Over 2001–2026, the best year was 2009 (+113.2%) and the worst was 2008 (-56.6%).
How often is iShares MSCI Brazil ETF up in a year?: 12 of the 25 full years since 2001 were positive — about 48% of the time.