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BRZU vs FLBR

Direxion Daily MSCI Brazil Bull 2X ETF

BRZUDNYSE Arca

Franklin FTSE Brazil ETF

FLBRANYSE Arca

Overlap

Expense ratio

FLBR −1.13pt a year

BRZU1.32%FLBR0.19%

Avg volume · 30D

FLBR 3.4×the volume

BRZU68.4KFLBR232K

5Y return · a year

FLBR +5.7pt

BRZU+5.8%FLBR+11.5%

BRZU vs FLBR Performance

Oct 29, 2021 – Oct 30, 2026

+32.8%BRZU+72.3%FLBR

Oct 29, 2021 to Oct 30, 2026. BRZU +32.8%. FLBR +72.3%. Use the arrow keys to read each point.0%100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
BRZU 1.32%
FLBR 0.19%, better
Fund size
BRZU $129M
FLBR $556M
1Y total return
BRZU −2.8%
FLBR +13.6%, better
Yield (12M)
BRZU 2.88%
FLBR 6.37%, better
Holdings
BRZU 8
FLBR 69
Avg volume (30D)
BRZU 68.4K sh
FLBR 232K sh, better
NAV per share
BRZU $73.25
FLBR $20.37
52W range

ETF.net Grade

BRZU: Cost 8, Risk 30, Mission not scored, Tradability 56, Holdings not scored, Durability 50. FLBR: Cost 91, Risk 68, Mission 93, Tradability 61, Holdings 54, Durability 55.
Pillar letters and Scores for BRZU, FLBR, with each pillar’s weight
PillarBRZUFLBR
Cost30% weightF8A91Higher
Mission25% weightNot scoredA93
Risk15% weightD30B68Higher
Tradability15% weightB56B61Higher
Holdings10% weightNot scoredC54
Durability5% weightC50B55Higher

Rank among Brazil funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BRZU and FLBR are both graded against the same 7 Brazil funds, so their Grades compare head to head.

Brazil⁠

Category · 7 funds
See all 7 ›

FLBR ranks 1st and BRZU 7th of 7 funds in the Brazil Category.

  1. Rank 1AFLBRFranklin FTSE Brazil ETFScore 77
  2. Rank 2AEWZiShares MSCI Brazil ETFScore 71
  3. Rank 6CBRZXCorgi Brazil 2x Daily ETFScore 40
  4. Rank 7DBRZUDirexion Daily MSCI Brazil Bull 2X ETFScore 27

Our read on each fund

ETF.net Research

BRZUDDirexion Daily MSCI Brazil Bull 2X ETF

FLBRAFranklin FTSE Brazil ETF

In short

BRZU Brazil 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.

FLBR Brazil at roughly a third the fee of the typical fund in the category. Franklin tracks a capped FTSE index of about 100 Brazilian stocks, and has hugged that benchmark closely since launching in 2017.

Stated mandate

BRZU 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.

FLBR The fund uses a passive indexing approach intended to track the performance of the FTSE Brazil Capped Index before fees and expenses.

Why people hold it

  • BRZU 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.
  • FLBR 0.19% a year against a 0.60% median for Brazil funds. In a market this jumpy, the fee is the one input you actually control.
  • Same large-cap Brazil market as EWZ at 0.59%, for well under half the cost, and one of the strongest all-round builds in the Brazil group.
  • Plain index plumbing: it aims to match the FTSE Brazil Capped Index before fees, and its tracking has stayed very close to that benchmark.
  • Backed by Franklin Templeton and trading since 2017, so this is a seasoned wrapper rather than a fresh single-country launch.

Worth knowing

  • BRZU 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.
  • FLBR One country, about 100 mostly large companies, in a currency tied to commodities and politics. Concentration is the whole point, and it cuts both ways.
  • It changes hands less often than the category's giant, EWZ, so spreads can run wider. Limit orders earn their keep.
  • Cash comes quarterly, and the amount rides on what Brazilian companies choose to pay out, which varies year to year.

Full BRZU profile⁠

Full FLBR profile⁠

BRZU vs FLBR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BRZU vs FLBR Cost

Overpaying BRZU vs FLBR

$19,716

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BRZU 1.32%

    $23,668

  • FLBR 0.19%

    $3,952

$10,000
30 years

Cost over time

  • BRZU 1.32%
  • FLBR 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530BRZU $23,668FLBR $3,952

Year by year

YearBRZUFLBROverpaying
10$2,296$347$1,949
20$8,507$1,351$7,156
30$23,668$3,952$19,716

Expense ratio

  • 1.32%BRZU
  • 0.19%FLBR, cheaper
  • Middle half of Brazil funds
  • Median 0.59%

FLBR cheapest of 7 funds

BRZU 7th cheapest of 7 funds

BRZU vs FLBR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BRZU 2.88%
FLBR 6.37%, better
Payout (12M)
BRZU $2.03
FLBR $1.29
Last payment
BRZU $0.26
FLBR $0.26
Ex-dividend
BRZU Sep 22, 2026
FLBR Jun 26, 2026
Paid on
BRZU Sep 29, 2026
FLBR Jul 6, 2026
Frequency
BRZU Quarterly
FLBR Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

BRZUQuarterly · 29 paymentsAll BRZU payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $10.37; Sep 25, 2018 $3.81; Dec 27, 2018 $5.26; Jun 25, 2019 $6.88; Dec 23, 2019 $5.99; Mar 24, 2020 $0.25; Jun 23, 2020 $0.35; Dec 22, 2020 $0.32; Jun 22, 2021 $0.60; Dec 21, 2021 $3.59; Mar 22, 2022 $0.15; Jun 22, 2022 $0.84; Sep 20, 2022 $0.08; Dec 20, 2022 $2.15; Mar 21, 2023 $0.13; Jun 21, 2023 $1.11; Sep 19, 2023 $0.31; Dec 21, 2023 $1.78; Mar 19, 2024 $0.33; Jun 25, 2024 $1.39; Sep 24, 2024 $0.40; Dec 23, 2024 $1.49; Mar 25, 2025 $0.03; Jun 24, 2025 $0.77; Sep 23, 2025 $0.01; Dec 23, 2025 $1.09; Mar 24, 2026 $0.25; Jun 23, 2026 $0.43; Sep 22, 2026 $0.26. Use the arrow keys to read each point.$0$102017202020232026YTD
FLBRTwice a year · 22 paymentsAll FLBR payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.07; Dec 28, 2017 $0.04; Jun 20, 2018 $0.36; Dec 20, 2018 $0.52; Jun 11, 2019 $0.38; Dec 11, 2019 $0.56; Dec 30, 2019 $0.06; Jun 11, 2020 $0.26; Dec 14, 2020 $0.27; Jun 10, 2021 $0.41; Dec 13, 2021 $1.01; Dec 30, 2021 $0.11; Jun 17, 2022 $1.03; Dec 16, 2022 $1.04; Jun 16, 2023 $1.14; Dec 15, 2023 $0.72; Jun 21, 2024 $0.52; Dec 20, 2024 $0.56; Jun 20, 2025 $0.44; Dec 19, 2025 $0.57; Dec 30, 2025 $0.46; Jun 26, 2026 $0.26. Use the arrow keys to read each point.$0$102017202020232026YTD

BRZU vs FLBR Risk

Fall from peak · 5 years

  • BRZU
  • FLBR
Oct 29, 2021 to Oct 30, 2026. Worst fall: BRZU −62.9% · Jan 2025. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
BRZU 50.7%FLBR 24.3%, better
Return per unit of riskSharpe ratio, 3 years
BRZU 0.22FLBR 0.38, better
Worst fallMax drawdown, 5 years
BRZU −62.9%FLBR −32.3%, better
Market sensitivityBeta, 5 years
BRZU 0.80FLBR 0.96

BRZU and FLBR in the news

All news⁠

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