Global X - Brazil Active ETF
$32.52−0.30 (−0.92%)
- Expense ratio
- 0.75%
- Fund size
- $11M
- 1Y return
- +29.9%
- Yield · Last 12 months
- 2.43%
- Holdings
- 26
- Volume · 30D
- 0M sh
- NAV per share
- $32.83
- 52W range
The ETF.net BRAZ Grade
Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 23Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 48Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 35Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 28Category rank
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
- 26
- 71%
- PBR
Sectors
- Financials35.5%
- Energy17.3%
- Materials14.1%
- Industrials12.8%
- Utilities9.8%
- Consumer Discr.4.0%
- Health Care2.5%
- Real Estate2.4%
- Cons. Staples1.6%
Geography
- Brazil91.99%
- Canada2.88%
- Cayman Islands2.14%
- Netherlands1.34%
- United States1.12%
- Uruguay0.53%
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.
Returns run to the Sep 22, 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 | +20.7% |
| 1 month | +7.5% |
| 3 months | +12.2% |
| 1 year | +29.9% |
| 3 years | +12.3% |
| 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 | +20.7% | |
| 2025 | +45.3% | |
| 2024 | −29.7% | |
| 2023 | +17.6% |
BRAZ in the news
ETF.net Research hasn’t filed on BRAZ yet — coverage lands here as it’s written.
BRAZ Dividends
- 2.43%
- $0.80
- $0.15 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jul 7, 2026 | $0.15 |
| Dec 30, 2025 | Jan 7, 2026 | $0.64 |
| Jun 27, 2025 | Jul 7, 2025 | $0.29 |
| Dec 30, 2024 | Jan 7, 2025 | $0.44 |
| Jun 27, 2024 | Jul 5, 2024 | $0.36 |
| Dec 28, 2023 | Jan 8, 2024 | $0.54 |
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.
- 0.34
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.
- 0.38
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
- The middle half of Brazil funds
- Median 0.59%
5 of the 7 Brazil funds charge less.