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Global X Brazil Active ETF (BRAZ) Sharpe Ratio: 1.16

ETF · Currency in USD · Last updated Jun 23, 2026

BRAZ is a passive ETF by Global X tracking the investment results of the Solactive Brazil Mid Cap Index. BRAZ launched on Aug 16, 2023 and has a 0.75% expense ratio.

BRAZ's Sharpe Ratio of 1.16 indicates that for each unit of volatility, it generates 1.16 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

BRAZ Sharpe Ratio Rank

BRAZ Sharpe Ratio Rank: 33.433
Below Average

BRAZ ranks above 33.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

BRAZ Sharpe Ratio Market Positioning

The chart shows BRAZ's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.28+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Brazil Active ETF's Sharpe Ratio with other ETFs in the Latin America Equities category across multiple time periods, showing how BRAZ's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
COLOGlobal X MSCI Colombia ETF2.72
ILFiShares Latin American 40 ETF1.83
FLMXFranklin FTSE Mexico ETF1.64
EWWiShares MSCI Mexico ETF1.63
FLNFirst Trust Latin America AlphaDEX Fund1.62
FLLAFranklin FTSE Latin America ETF1.54
FLBRFranklin FTSE Brazil ETF1.22
EWZiShares MSCI Brazil ETF1.18
BRAZGlobal X Brazil Active ETF1.16
BRFVanEck Vectors Brazil Small-Cap ETF0.53

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BRAZ's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BRAZ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does BRAZ fit in your portfolio?

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