EWZ has not traded above $48 in over a month. The ETF has not closed below $41 since March. Since the start of this month, investors have pulled $110.7 million from EWZ.
The ETF does not need any help in the volatility department. EWZ has a three-year standard deviation of 28.3% compared to 17.2% for the iShares MSCI Emerging Markets ETF (NYSEArca: EEM). [Election Risk-Reward With Brazil ETFs]
iShares MSCI Brazil Capped ETF
ETF Trends editorial team contributed to this post.