VanEck Brazil Small-Cap ETF
$20.14−0.91 (−4.32%)
- 0.60%
- $28M
- +48.8%
- 4.22%
- 0M sh
- $20.98
- low $14.72high $21.17
The ETF.net BRF Grade
B
Score 57 out of 100
- 4 of 7
Score 57 of 100 falls in the B 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.D37 out of 100Rank 5 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.D39 out of 100Rank 5 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D37 out of 100Rank 6 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 1 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 4 of 7
Our read on BRF
BBrazil without the giants. BRF tracks an index of roughly 90 Brazilian small caps, a narrower and more domestic slice than the broad country funds, and it has been doing that job since 2009.
The fund seeks to replicate, before fees and expenses, the price and yield performance of the MVIS Brazil Small-Cap Index.
Why people hold it
- A pure index play on Brazilian small caps: roughly 90 names, one mandate, no drift into other markets or size bands.
- A different cut of Brazil than broad-market peers EWZ and FLBR: same country, opposite end of the size spectrum.
- Live since 2009, with more than a decade of real trading history across Brazil's boom and bust cycles.
- Rules-based from top to bottom: it replicates the MVIS Brazil Small-Cap Index rather than letting a manager pick the winners.
Worth knowing
- The 0.60% fee sits at the middle of the Brazil ETF pack, and broad-market FLBR charges 0.19%. The premium buys the small-cap tilt, not a discount.
- A small fund that trades lightly, so spreads tend to be wider than on the headline Brazil ETFs, especially away from Brazilian market hours.
- One country, one size band: currency moves and local politics land harder here than in a diversified emerging-markets fund. Income arrives once or twice a year, not monthly.
BRF Holdings
- Stocks
- 93
- 30%
- SMFT3.SA
Sectors
- Industrials17.2%
- Real Estate14.7%
- Consumer Discretionary14.7%
- Materials13.9%
- Financials9.6%
- Utilities8.9%
- Consumer Staples8.8%
- Health Care5.6%
- Energy2.9%
- Technology2.0%
- Communication1.6%
Geography
- Brazil91.24%
- Australia2.11%
- Uruguay1.62%
- Israel1.58%
- United States1.41%
- United Kingdom1.22%
- Canada0.45%
- Luxembourg0.36%
Developed 4% · Emerging 96%
BRF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BRF$14,883
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 | BRF |
|---|---|
| Year to date | +31.2% |
| 1 month | +26.7% |
| 3 months | +24.3% |
| 1 year | +48.8% |
| 3 years | +16.2% |
| 5 years | +7.0% |
| 10 years | +5.7% |
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 | BRF |
|---|---|---|
| 2026 YTD | +31.2% | |
| 2025 | +54.2% | |
| 2024 | −34.9% | |
| 2023 | +37.1% | |
| 2022 | −14.5% | |
| 2021 | −20.3% | |
| 2020 | −21.0% |
BRF in the news
BRF Dividends
- 4.22%
- $0.89
- $0.89 per share
- Annual
Distribution history
BRF Risk
- 25.3%
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.
- 0.14
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.
- −41.5%
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.
- 1.30
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BRF Cost
0.60%
BRF0.60%
- The middle half of Brazil funds
- Median 0.59%
4 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%
- CBRAZGlobal X - Brazil Active ETFExpense ratio 0.75%1 year return +59.0%
- 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%