5 Best Performing Country ETFs in 2022

3. iShares MSCI Brazil ETF (NYSEARCA:EWZ)

YTD Return as of December 8: 8.73%

The iShares MSCI Brazil ETF (NYSEARCA:EWZ) uses a representative sampling technique to track the performance of the MSCI Brazil 25/50 Index and invests in both growth and value stocks of companies of various sizes. As of December 8, the fund has gained 8.73% and is placed high on our list of the best performing country ETFs in 2022.

The iShares MSCI Brazil ETF (NYSEARCA:EWZ) has a major portion of its portfolio in the financials, materials, and energy segments. The fund has 58 holdings and a top ten holdings concentration of 58.04%. The iShares MSCI Brazil ETF (NYSEARCA:EWZ) has an expense ratio of 0.58% and is offering a yield of 11.94%.

Among the top holdings of the iShares MSCI Brazil ETF (NYSEARCA:EWZ) is Vale S.A. (NYSE:VALE), a leading Brazilian mining company. On November 23, Deutsche Bank analyst Liam Fitzpatrick raised his price target on Vale S.A. (NYSE:VALE) to $20 from $19 and upgraded the stock to Buy from Hold. As of September 30, GQG Partners is the largest investor in Vale S.A. (NYSE:VALE) and has a position worth $285 million.