# iShares MSCI Brazil Small-Cap ETF (EWZS)

> Source: Nexqual · https://nexqual.com/EWZS · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, iShares MSCI Brazil Small-Cap ETF (EWZS), nexqual.com/EWZS" · informational, not investment advice.

**Price:** USD 16.74 (+3.40% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 16.19 · day 15.96–16.74 · 52w 11.7–17.15 · market cap null · NGM

## Key facts
- Total return with dividends: 1Y +28.5% vs S&P 500 +13.4%; 5Y +48.2% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +28.5% | +48.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +28.6% | +8.2% |
| Volatility (annualized) | 35.5% | 32.4% |
| Max drawdown | -26.6% (Apr 2026→Aug 2026) | -42.1% (Mar 2022→Dec 2024) |

## Peers
BRF (VanEck Brazil Small-Cap ETF) USD 20.19 +2.64% · ECNS (iShares MSCI China Small-Cap ET) USD 26.18 -0.15% · ENZL (iShares MSCI New Zealand ETF) USD 45.16 +0.17% · EPU (iShares MSCI Peru and Global Ex) USD 84.2 -0.71% · EPOL (iShares MSCI Poland ETF) USD 43.5 -1.41%

## More
Full page: https://nexqual.com/EWZS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 96.4% | ±21.1% |
| 2026-12-18 | 56 | 71.5% | ±22.5% |
| 2027-01-15 | 84 | 62.9% | ±23.5% |
| 2027-04-16 | 175 | 58.3% | ±31.0% |