---
ticker: "BRAZ"
name: "Global X - Brazil Active ETF"
url: "https://etf.net/etf/BRAZ"
grade: "C"
score: 52
graded_at: "2026-10-12"
category: "Brazil"
category_rank: "5 of 7"
methodology: "https://etf.net/methodology"
---

# BRAZ: Global X - Brazil Active ETF

Grade **C**, Score 52 of 100. Rank 5 of 7 in Brazil.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 23 | 6 of 7 |
| Mission | 100 | 1 of 5 |
| Risk | 60 | 3 of 7 |
| Tradability | 49 | 5 of 7 |
| Holdings | 33 | 5 of 5 |
| Durability | 28 | 6 of 7 |

## Top holdings

The fund holds 29 positions. These are the largest 29, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PBR | Petroleo Brasileiro-Spon Adr | 16.79% |
| 2 | ITUB | Itau Unibanco H-Spon Prf Adr | 11.08% |
| 3 | NU | Nu Holdings Ltd/Cayman Isl-A | 10.39% |
| 4 | VALE | Vale Sa-Sp Adr | 6.76% |
| 5 | BPAC11.SA | Banco Btg Pactual Sa-Unit | 5.92% |
| 6 | ITSA4.SA | Itausa SA | 4.77% |
| 7 | BBD | Banco Bradesco-Adr | 4.63% |
| 8 | B3SA3.SA | B3 Sa-Brasil Bolsa Balcao | 4.40% |
| 9 | AXIAY | Axia Energia-Adr | 4.17% |
| 10 | ELPC | Cia Paranaense De Ener-Adr | 3.99% |
| 11 | WEGE3.SA | Weg SA | 3.89% |
| 12 | XP | Xp Inc - Class A | 2.82% |
| 13 | RADL3.SA | Raia Drogasil SA | 2.25% |
| 14 | RENT3.SA | Localiza Rent A Car | 2.10% |
| 15 | EQTL3.SA | Equatorial SA - Ord | 2.02% |
| 16 | EMBJ | Embraer Sa-Spon Adr | 2.00% |
| 17 | PRIO3.SA | Prio SA | 1.97% |
| 18 | ERO.TO | Ero Copper Corp | 1.70% |
| 19 | DIRR3.SA | Direcional Engenharia SA | 1.38% |
| 20 | JBSS32.SA | Jbs NV | 1.18% |
| 21 | VBBR3.SA | Vibra Energia SA | 1.11% |
| 22 | MULT3.SA | Multiplan Empreendimentos | 1.04% |
| 23 | AUGO | Aura Minerals Inc | 0.95% |
| 24 | VIVA3.SA | Vivara Participacoes SA | 0.84% |
| 25 | WPM | Wheaton Precious Metals Corp | 0.79% |
| 26 | — | Cash | 0.51% |
| 27 | MELI | Mercadolibre Inc | 0.45% |
| 28 | — | Other Payable & Receivables | 0.10% |
| 29 | — | Brazilian Real | <0.01% |

Source: etf.net, https://etf.net/etf/BRAZ. Please cite the page URL.