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ISIN
US92189F8251
CUSIP
92189F825
Issuer
VanEck
Inception Date
May 12, 2009
Region
Latin America (Brazil)
Leveraged
1x (No leverage)
Index Tracked
MVIS Brazil Small-Cap Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Blend
Assets Under Management
$22M

Share Price Chart


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Performance

BRF Performance Chart

VanEck Vectors Brazil Small-Cap ETF (BRF) is up 1.7% since the beginning of the year. BRF is currently trading at $16 per share. Investors who bought $1,000 worth of BRF shares 5 years ago would now be looking at an investment worth $800.


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S&P 500 Index

Returns By Period

VanEck Vectors Brazil Small-Cap ETF (BRF) has returned 1.65% so far this year and 15.19% over the past 12 months. Over the last ten years, BRF has returned 5.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


VanEck Vectors Brazil Small-Cap ETF

1D
0.81%
1M
-7.02%
YTD
1.65%
6M
5.87%
1Y
15.19%
3Y*
0.99%
5Y*
-4.37%
10Y*
5.61%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRF Monthly Returns History

Based on dividend-adjusted daily data since May 14, 2009, BRF's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.

Historically, 52% of months were positive and 48% were negative. The best month was Nov 2020 with a return of +24.7%, while the worst month was Mar 2020 at -43.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.

On a daily basis, BRF closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.5%, while the worst single day was Mar 18, 2020 at -22.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202615.37%5.41%-6.15%3.80%-7.18%-7.55%1.65%
202511.86%-4.47%8.58%7.39%5.36%6.72%-8.54%11.07%4.04%0.29%7.48%-3.40%54.17%
2024-7.12%0.43%2.20%-10.52%-3.75%-4.75%1.72%4.91%1.59%-7.54%-8.97%-8.93%-35.02%
202310.08%-10.77%1.09%4.37%12.88%14.58%5.25%-10.40%-4.02%-9.29%14.19%9.20%37.21%
20227.60%-2.77%16.27%-12.00%2.33%-22.86%6.04%8.62%-4.62%10.28%-11.69%-5.29%-14.38%
2021-7.23%-4.87%4.07%8.27%10.25%5.50%-9.10%-3.63%-11.48%-13.77%-3.01%6.14%-20.40%

Benchmark Metrics

VanEck Vectors Brazil Small-Cap ETF has an annualized alpha of -7.67%, beta of 1.07, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since May 14, 2009.

  • This ETF participated in 146.79% of S&P 500 Index downside but only 93.94% of its upside - more exposed to losses than it benefited from rallies.
  • R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha
-7.67%
Beta
1.07
0.33
Upside Capture
93.94%
Downside Capture
146.79%

Expense Ratio

BRF has an expense ratio of 0.60%, placing it in the medium range.


Return for Risk

Risk / Return Rank

BRF ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


BRF Risk / Return Rank: 1818
Overall Rank
BRF Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
BRF Sortino Ratio Rank: 1717
Sortino Ratio Rank
BRF Omega Ratio Rank: 1717
Omega Ratio Rank
BRF Calmar Ratio Rank: 1818
Calmar Ratio Rank
BRF Martin Ratio Rank: 2020
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for VanEck Vectors Brazil Small-Cap ETF (BRF) 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.


BRFBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-1.50

Sortino ratioReturn per unit of downside risk

-1.85

Omega ratioGain probability vs. loss probability

1.11

1.37

-0.26

Calmar ratioReturn relative to maximum drawdown

0.79

2.78

-1.99

Martin ratioReturn relative to average drawdown

2.24

12.44

-10.20

Dividends

Dividend History

VanEck Vectors Brazil Small-Cap ETF provided a 5.45% dividend yield over the last twelve months, with an annual payout of $0.89 per share.


2.00%3.00%4.00%5.00%6.00%$0.00$0.20$0.40$0.60$0.80$1.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.89$0.89$0.45$0.88$0.56$0.49$0.35$0.70$0.58$1.06$0.68$0.40

Dividend yield

5.45%5.54%4.08%5.02%4.13%2.96%1.66%2.54%2.89%4.53%4.25%3.84%

Monthly Dividends

The table displays the monthly dividend distributions for VanEck Vectors Brazil Small-Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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$0.00$0.00$0.00$0.00$0.00$0.00$0.89$0.89
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.45$0.45
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.88$0.88
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.56$0.56
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.49$0.49

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 VanEck Vectors Brazil Small-Cap 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 VanEck Vectors Brazil Small-Cap ETF was 82.26%, occurring on Jan 21, 2016. The portfolio has not yet recovered.

The current VanEck Vectors Brazil Small-Cap ETF drawdown is 50.44%.


Related event

Drawdown

Fall

Recovery

Underwater

2016 bear market2016
-82.26%Jan 2016
4y 9mo
15y 2moApr 2011 - now
2010 bear market2010
-24.81%May 2010
4mo 8d2mo 29d
7mo 7dJan 2010 - Aug 2010
2011 correction2011
-15.43%Feb 2011
3mo 7d2mo 10d
5mo 17dNov 2010 - Apr 2011
Financial crisis2007–2009
-12.47%Oct 2009
12d12d
24dOct 2009 - Nov 2009
Financial crisis2007–2009
-10.76%Jun 2009
10d23d
1mo 3dJun 2009 - Jul 2009

Drawdown Indicators


BRFBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-82.26%

-56.78%

-25.48%

Max Drawdown (1Y)

Largest decline over 1 year

-19.29%

-9.10%

-10.19%

Max Drawdown (3Y)

Largest decline over 3 years

-37.81%

-18.90%

-18.91%

Max Drawdown (5Y)

Largest decline over 5 years

-50.49%

-25.43%

-25.06%

Max Drawdown (10Y)

Largest decline over 10 years

-60.43%

-33.92%

-26.51%

Current Drawdown

Current decline from peak

-50.44%

-1.80%

-48.64%

Average Drawdown

Average peak-to-trough decline

-45.74%

-10.71%

-35.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.79%

2.03%

+4.76%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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