Global X - Brazil Active ETF
$37.30−0.58 (−1.54%)
- 0.75%
- $13M
- +59.0%
- 2.10%
- 0M sh
- $37.89
- low $20.38high $38.03
The ETF.net BRAZ Grade
C
Score 52 out of 100
- 5 of 7
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F23 out of 100Rank 6 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 3 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 5 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D33 out of 100Rank 5 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D28 out of 100Rank 6 of 7
Our read on BRAZ
CBrazil, stock-picked. Global X launched BRAZ in 2023 as the only actively managed Brazil ETF on the US market: a couple dozen names chosen by an emerging-markets team rather than the weights a cap-weighted index hands you. Focused mandate, active price tag.
The fund seeks long-term capital growth.
Why people hold it
- The active outlier on a shelf of Brazil index trackers. It doesn't replicate a benchmark, so managers set position sizes themselves instead of inheriting them.globalxetfs.com
- Concentrated on purpose: a high-conviction book of roughly two dozen Brazilian stocks, not a broad market sweep.prnewswire.com
- Run since its 2023 launch by Global X's emerging markets team, using parent Mirae's risk framework for position and sector limits.prnewswire.com
- The mandate is literal and the portfolio honors it: Brazilian equities, long-term capital growth, no style drift into neighboring markets.
Worth knowing
- At 0.75% a year, it costs more than the typical Brazil fund and nearly four times the cheapest index option in the group (FLBR, 0.19%).
- Small asset base and thin trading volume, so spreads can widen. Limit orders and a look at the quote matter more here than with the category's household names.
- Roughly two dozen holdings in one emerging market means single-stock and single-country moves land hard. Distributions come annually or semiannually, not monthly.
BRAZ Holdings
- Stocks
- 29
- 73%
- PBR
Sectors
- Financials45.5%
- Energy17.8%
- Utilities10.4%
- Materials10.1%
- Industrials7.9%
- Consumer Discretionary2.5%
- Real Estate2.4%
- Health Care2.3%
- Consumer Staples1.2%
Geography
- Brazil92.10%
- Cayman Islands2.72%
- Canada2.61%
- Netherlands1.17%
- United States0.94%
- Uruguay0.46%
Developed 4% · Emerging 96%
BRAZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BRAZ$15,896
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BRAZ |
|---|---|
| Year to date | +39.3% |
| 1 month | +15.7% |
| 3 months | +25.4% |
| 1 year | +59.0% |
| 3 years | +19.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BRAZ |
|---|---|---|
| 2026 YTD | +39.3% | |
| 2025 | +45.3% | |
| 2024 | −29.7% | |
| 2023 | +17.6% |
BRAZ in the news
BRAZ Dividends
- 2.10%
- $0.80
- $0.15 per share
- Twice a year
Distribution history
BRAZ Risk
- 23.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.40
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.40
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BRAZ Cost
0.75%
BRAZ0.75%
- The middle half of Brazil funds
- Median 0.59%
5 of the 7 Brazil funds charge less.
Other funds in Brazil
- AEWZiShares MSCI Brazil ETFExpense ratio 0.59%1 year return +58.2%
- BEWZSiShares MSCI Brazil Small-Cap ETFExpense ratio 0.59%1 year return +39.5%
- BBRFVanEck Brazil Small-Cap ETFExpense ratio 0.60%1 year return +48.8%
- CBRZXCorgi ETF Trust I - Corgi Brazil 2x Daily ETFExpense ratio 0.45%1 year return —
- DBRZUDirexion Daily MSCI Brazil Bull 2X ETFExpense ratio 1.32%1 year return +118.5%