Direxion Daily MSCI Brazil Bull 2X ETF
DThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$131.06−4.19 (−3.10%)
- 1.32%
- $157M
- +118.5%
- 1.50%
- 0M sh
- $135.46
- low $63.58high $136.68
The ETF.net BRZU Grade
D
Score 27 out of 100
- 7 of 7
Score 27 of 100 falls in the D 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.F8 out of 100Rank 7 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D25 out of 100Rank 7 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 2 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 5 of 7
Our read on BRZU
DBrazil with the volume knob turned up. BRZU aims for 200% of the MSCI Brazil 25/50 Index's move each trading day, resets every session, and is the only geared name on a Brazil shelf otherwise full of plain index trackers.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the MSCI Brazil 25/50 Index’s daily performance. It does not target that multiple over periods longer than one trading day.
Why people hold it
- The only geared Brazil fund in its peer group. FLBR, EWZ and EWZS give you the index; BRZU aims for twice its daily move, inside an ordinary brokerage account with no margin or futures paperwork.direxion.com
- The mandate is stated without hedging: 200% of the MSCI Brazil 25/50 Index, before fees, for one trading day. Direxion says outright it does not target that multiple over any longer stretch.direxion.com
- Trading since 2013, so this is a seasoned product, not a fresh launch, and it has run through several full cycles of Brazilian equity turbulence.
Worth knowing
- Daily reset is the whole story. Hold longer than a session and compounding takes over, so multi-day results can land far from 2x the index's move over that same window, especially in choppy tape.
- The 1.32% expense ratio sits well above what unlevered Brazil index funds charge, which is the toll for the geared structure.
- It trades thinly next to the household-name Brazil funds. Limit orders and a glance at the spread do real work here.
BRZU Holdings
- Stocks
- 8
- 100%
- Ewz Swap Asset Leg (Ewzbcl)
Sectors
- Financials33.8%
- Energy18.4%
- Materials13.1%
- Utilities12.7%
- Industrials12.0%
- Consumer Staples4.2%
- Health Care2.3%
- Consumer Discretionary1.7%
- Communication1.7%
Geography
- United States100.00%
BRZU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BRZU$21,855
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 | BRZU |
|---|---|
| Year to date | +71.3% |
| 1 month | +27.1% |
| 3 months | +40.9% |
| 1 year | +118.5% |
| 3 years | +27.2% |
| 5 years | +16.2% |
| 10 years | −18.4% |
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 | BRZU |
|---|---|---|
| 2026 YTD | +71.3% | |
| 2025 | +97.8% | |
| 2024 | −57.0% | |
| 2023 | +55.3% | |
| 2022 | +8.0% | |
| 2021 | −39.2% | |
| 2020 | −91.4% |
BRZU in the news
BRZU Dividends
- 1.50%
- $2.03
- $0.26 per share
- Quarterly
Distribution history
BRZU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 47.4%
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.
- −62.9%
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.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BRZU Cost
1.32%
BRZU1.32%
- The middle half of Brazil funds
- Median 0.59%
Every other Brazil fund charges 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%
- 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 —