- ISIN
- US37950E7884
- Issuer
- Global X
- Inception Date
- Aug 16, 2023
- Region
- Latin America (Brazil)
- Category
- Latin America Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive Brazil Mid Cap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $10M
Share Price Chart
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Performance
BRAZ Performance Chart
Global X Brazil Active ETF (BRAZ) is up 7.6% since the beginning of the year. BRAZ is currently trading at $29 per share.
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Returns By Period
Global X Brazil Active ETF (BRAZ) has returned 7.58% so far this year and 28.02% over the past 12 months.
Global X Brazil Active ETF
- 1D
- 1.61%
- 1M
- -4.45%
- YTD
- 7.58%
- 6M
- 10.31%
- 1Y
- 28.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BRAZ Monthly Returns History
Based on dividend-adjusted daily data since Aug 18, 2023, BRAZ's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 51% of months were positive and 49% were negative. The best month was Jan 2026 with a return of +16.2%, while the worst month was May 2026 at -9.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BRAZ closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +6.7%, while the worst single day was Dec 18, 2024 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.18% | 4.05% | -3.15% | 5.32% | -9.24% | -3.86% | 7.58% | ||||||
| 2025 | 13.27% | -7.99% | 6.79% | 5.31% | 0.91% | 7.19% | -7.81% | 11.05% | 5.13% | 0.33% | 8.48% | -2.07% | 45.42% |
| 2024 | -6.35% | 0.39% | -0.32% | -5.44% | -4.29% | -3.01% | 2.00% | 5.98% | -1.57% | -5.52% | -7.97% | -7.67% | -29.74% |
| 2023 | 2.51% | -1.39% | -2.56% | 13.34% | 5.51% | 17.80% |
Benchmark Metrics
Global X Brazil Active ETF has an annualized alpha of -3.91%, beta of 0.79, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since August 18, 2023.
- This ETF participated in 83.92% of S&P 500 Index downside but only 55.05% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.26 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
- -3.91%
- Beta
- 0.79
- R²
- 0.26
- Upside Capture
- 55.05%
- Downside Capture
- 83.92%
Expense Ratio
BRAZ has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BRAZ 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 Global X Brazil Active ETF (BRAZ) 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.
| BRAZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.78 | -1.35 |
| Martin ratioReturn relative to average drawdown | 4.34 | 12.44 | -8.10 |
Dividends
Dividend History
Global X Brazil Active ETF provided a 3.17% dividend yield over the last twelve months, with an annual payout of $0.93 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.93 | $0.93 | $0.81 | $0.54 |
Dividend yield | 3.17% | 3.41% | 4.16% | 1.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Brazil Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.93 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.81 |
| 2023 | $0.54 | $0.54 |
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 Global X Brazil Active ETF. 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 Global X Brazil Active ETF was 31.02%, occurring on Dec 18, 2024. Recovery took 223 trading sessions.
The current Global X Brazil Active ETF drawdown is 17.18%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -31.02%Dec 2024 | 11mo 26d | 10mo 27d | 1y 10moDec 2023 - Nov 2025 |
2026 correction2026 | -19.65%Jun 2026 | 1mo 24d | — | 2mo 9dApr 2026 - now |
2026 correction2026 | -10.93%Mar 2026 | 22d | 20d | 1mo 12dFeb 2026 - Apr 2026 |
2023 correction2023 | -10.48%Oct 2023 | 18d | 1mo 8d | 1mo 26dSep 2023 - Nov 2023 |
2025 pullback2025 | -7.95%Dec 2025 | 12d | 29d | 1mo 11dDec 2025 - Jan 2026 |
Drawdown Indicators
| BRAZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -56.78% | +25.76% |
Max Drawdown (1Y)Largest decline over 1 year | -19.65% | -9.10% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -17.18% | -1.80% | -15.38% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -10.71% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 2.03% | +4.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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