- ISIN
- US25460G7088
- CUSIP
- 25460G708
- Issuer
- Direxion
- Inception Date
- Apr 1, 2020
- Region
- Latin America (Brazil)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- MSCI Brazil 25/50 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $93M
Share Price Chart
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Performance
BRZU Performance Chart
Direxion Daily Brazil Bull 2X Shares (BRZU) is up 8.4% since the beginning of the year. BRZU is currently trading at $86 per share. Investors who bought $1,000 worth of BRZU shares 5 years ago would now be looking at an investment worth $792.
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Returns By Period
Direxion Daily Brazil Bull 2X Shares (BRZU) has returned 8.40% so far this year and 41.76% over the past 12 months. Over the last ten years, BRZU has returned -16.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.
Direxion Daily Brazil Bull 2X Shares
- 1D
- -1.71%
- 1M
- -12.42%
- YTD
- 8.40%
- 6M
- 10.38%
- 1Y
- 41.76%
- 3Y*
- 2.11%
- 5Y*
- -4.55%
- 10Y*
- -16.92%
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
BRZU Monthly Returns History
Based on dividend-adjusted daily data since Apr 10, 2013, BRZU's average daily return is +0.01%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 47% of months were positive and 53% were negative. The best month was Mar 2016 with a return of +94.0%, while the worst month was Mar 2020 at -92.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BRZU closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +46.9%, while the worst single day was Mar 16, 2020 at -54.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 34.17% | 8.51% | -3.63% | 6.14% | -19.02% | -10.12% | 8.40% | ||||||
| 2025 | 25.62% | -10.05% | 13.55% | 7.68% | 0.19% | 15.80% | -15.91% | 21.80% | 9.81% | 0.48% | 15.14% | -5.08% | 97.99% |
| 2024 | -12.00% | -0.34% | -4.10% | -9.42% | -9.74% | -9.99% | 2.03% | 15.07% | -3.70% | -11.84% | -17.00% | -16.15% | -57.07% |
| 2023 | 16.00% | -19.95% | -0.58% | 5.62% | 2.73% | 31.93% | 8.13% | -17.93% | -2.03% | -7.14% | 29.82% | 12.26% | 55.48% |
| 2022 | 25.98% | 7.84% | 30.91% | -25.81% | 14.12% | -34.72% | 11.57% | 9.22% | -7.50% | 19.00% | -8.93% | -9.82% | 8.30% |
| 2021 | -16.00% | -14.19% | 8.95% | 12.08% | 18.86% | 11.34% | -16.35% | -5.59% | -22.91% | -17.98% | -2.69% | 7.40% | -39.23% |
Benchmark Metrics
Direxion Daily Brazil Bull 2X Shares has an annualized alpha of -27.21%, beta of 2.67, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since April 10, 2013.
- This ETF participated in 250.10% of S&P 500 Index downside but only 127.97% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.27 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
- -27.21%
- Beta
- 2.67
- R²
- 0.27
- Upside Capture
- 127.97%
- Downside Capture
- 250.10%
Expense Ratio
BRZU has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BRZU ranks 26 for risk / return — below 26% 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 Direxion Daily Brazil Bull 2X Shares (BRZU) 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.
| BRZU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.29 | -1.13 |
| Martin ratioReturn relative to average drawdown | 3.16 | 10.15 | -6.99 |
Dividends
Dividend History
Direxion Daily Brazil Bull 2X Shares provided a 2.08% dividend yield over the last twelve months, with an annual payout of $1.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.78 | $1.91 | $3.62 | $3.33 | $3.22 | $4.18 | $0.91 | $12.87 | $9.07 | $10.37 |
Dividend yield | 2.08% | 2.39% | 8.73% | 3.24% | 4.70% | 6.29% | 0.78% | 0.95% | 1.04% | 0.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Brazil Bull 2X Shares. 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 | $0.25 | $0.00 | $0.00 | $0.43 | $0.68 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $1.09 | $1.91 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $1.39 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $1.49 | $3.62 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $1.78 | $3.33 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.15 | $3.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.59 | $4.18 |
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 Direxion Daily Brazil Bull 2X Shares. 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 Direxion Daily Brazil Bull 2X Shares was 99.71%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Direxion Daily Brazil Bull 2X Shares drawdown is 99.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -99.71%Mar 2020 | 6y 11mo | — | 13y 2moApr 2013 - now |
Drawdown Indicators
| BRZU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.71% | -56.78% | -42.93% |
Max Drawdown (1Y)Largest decline over 1 year | -35.97% | -9.10% | -26.87% |
Max Drawdown (3Y)Largest decline over 3 years | -58.25% | -18.90% | -39.35% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -25.43% | -38.17% |
Max Drawdown (10Y)Largest decline over 10 years | -98.11% | -33.92% | -64.19% |
Current DrawdownCurrent decline from peak | -99.22% | -3.31% | -95.91% |
Average DrawdownAverage peak-to-trough decline | -89.57% | -10.71% | -78.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.25% | 2.05% | +11.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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