- ISIN
- DE000A0Q4R85
- Issuer
- iShares
- Inception Date
- Oct 24, 2018
- Category
- Latin America Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Brazil 25/50 Index
- Domicile
- Germany
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
4BRZ.DE Performance Chart
iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) is up 10.8% since the beginning of the year. 4BRZ.DE is currently trading at $49 per share. Investors who bought $1,000 worth of 4BRZ.DE shares 5 years ago would now be looking at an investment worth $1,291.
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Returns By Period
iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) has returned 10.78% so far this year and 25.26% over the past 12 months.
iShares MSCI Brazil UCITS ETF (DE) USD (Acc)
- 1D
- 1.19%
- 1M
- 1.17%
- 6M
- 9.79%
- YTD
- 10.78%
- 1Y
- 25.26%
- 3Y*
- 8.77%
- 5Y*
- 5.24%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 9.11%
- YTD
- 9.32%
- 1Y
- 19.17%
- 3Y*
- 18.87%
- 5Y*
- 11.45%
- 10Y*
- 13.53%
4BRZ.DE Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2018, 4BRZ.DE's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2020 with a return of +23.6%, while the worst month was Mar 2020 at -34.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, 4BRZ.DE closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +14.2%, while the worst single day was Mar 12, 2020 at -23.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 18.14% | 3.40% | -3.34% | 4.87% | -9.23% | -2.80% | 1.40% | 10.78% | |||||
| 2025 | 13.50% | -5.20% | 5.61% | 4.37% | 0.93% | 7.02% | -6.09% | 10.17% | 4.60% | 1.08% | 7.59% | -1.53% | 48.47% |
| 2024 | -5.14% | -0.42% | -1.85% | -3.83% | -4.95% | -3.91% | 0.69% | 6.72% | -0.13% | -6.09% | -7.66% | -7.52% | -29.92% |
| 2023 | 7.54% | -9.03% | 0.19% | 2.22% | 1.86% | 15.72% | 4.68% | -7.81% | -0.68% | -4.03% | 13.66% | 7.62% | 32.87% |
| 2022 | 14.37% | 4.15% | 15.90% | -11.26% | 4.25% | -18.99% | 5.88% | 6.66% | -4.24% | 7.18% | -2.01% | -2.95% | 14.05% |
| 2021 | -7.97% | -6.22% | 2.47% | 7.76% | 8.12% | 5.55% | -4.55% | -3.95% | -11.65% | -8.76% | -3.79% | 3.97% | -19.58% |
Benchmark Metrics
iShares MSCI Brazil UCITS ETF (DE) USD (Acc) has an annualized alpha of -2.52%, beta of 0.68, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since October 25, 2018.
- This ETF participated in 120.30% of S&P 500 Index downside but only 78.00% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 may look defensive, but with R2 of 0.16 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -2.52%
- Beta
- 0.68
- R²
- 0.16
- Upside Capture
- 78.00%
- Downside Capture
- 120.30%
Expense Ratio
4BRZ.DE has an expense ratio of 0.31%, placing it in the medium range.
Return for Risk
Risk / Return Rank
4BRZ.DE ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 4BRZ.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.23 | -0.94 |
| Martin ratioReturn relative to average drawdown | 3.45 | 9.69 | -6.24 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Brazil UCITS ETF (DE) USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI Brazil UCITS ETF (DE) USD (Acc) was 57.20%, occurring on Mar 23, 2020. Recovery took 1438 trading sessions.
The current iShares MSCI Brazil UCITS ETF (DE) USD (Acc) drawdown is 15.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -57.20%Mar 2020 | 2mo 17d | 5y 7mo | 5y 10moJan 2020 - Nov 2025 |
2026 correction2026 | -19.49%Jun 2026 | 1mo 24d | — | 2mo 20dApr 2026 - now |
2019 correction2019 | -18.18%May 2019 | 3mo 18d | 1mo 15d | 5mo 3dFeb 2019 - Jul 2019 |
2019 correction2019 | -17.39%Aug 2019 | 1mo 17d | 4mo 2d | 5mo 19dJul 2019 - Dec 2019 |
2026 correction2026 | -10.28%Mar 2026 | 22d | 20d | 1mo 12dFeb 2026 - Apr 2026 |
Drawdown Indicators
| 4BRZ.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.20% | -56.78% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -9.10% | -10.39% |
Max Drawdown (3Y)Largest decline over 3 years | -30.79% | -18.90% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -32.39% | -25.43% | -6.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -15.72% | -1.66% | -14.06% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -10.71% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 2.09% | +5.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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