BRAZ vs. BILZ

Last updated Jun 4, 2026

BRAZ (Global X Brazil Active ETF) and BILZ (PIMCO Ultra Short Government Active Exchange-Traded Fund) are both exchange-traded funds - BRAZ is a Latin America Equities fund tracking the Solactive Brazil Mid Cap Index, while BILZ is a Ultrashort Bond fund actively managed by PIMCO. BRAZ is passively managed, while BILZ is actively managed. Over the past year, BRAZ returned 32.60% vs 3.91% for BILZ. At a correlation of -0.08, they often move in opposite directions. BRAZ charges 0.75%/yr vs 0.14%/yr for BILZ.

Performance

BRAZ vs. BILZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Brazil Active ETF (BRAZ) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRAZ achieves a 9.24% return, which is significantly higher than BILZ's 1.47% return.

BRAZ

• 1D: -1.64%
• 1M: -10.10%
• YTD: 9.24%
• 6M: 4.93%
• 1Y: 32.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILZ

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.47%
• 6M: 1.76%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRAZ vs. BILZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BRAZ Global X Brazil Active ETF	9.24%	45.42%	-29.74%	17.56%
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	1.47%	4.21%	5.25%	2.02%

Correlation

The correlation between BRAZ and BILZ is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023	-0.08

Return for Risk

BRAZ vs. BILZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRAZ

BRAZ Risk / Return Rank: 38
BRAZ Sharpe Ratio Rank: 38
BRAZ Sortino Ratio Rank: 35
BRAZ Omega Ratio Rank: 35
BRAZ Calmar Ratio Rank: 42
BRAZ Martin Ratio Rank: 40

BILZ

BILZ Risk / Return Rank: 100
BILZ Sharpe Ratio Rank: 100
BILZ Sortino Ratio Rank: 100
BILZ Omega Ratio Rank: 100
BILZ Calmar Ratio Rank: 100
BILZ Martin Ratio Rank: 100

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.

BRAZ vs. BILZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BRAZ	BILZ	Difference
Sharpe ratio: Return per unit of total volatility	1.36	19.09	-17.73
Sortino ratio: Return per unit of downside risk	1.85	125.25	-123.40
Omega ratio: Gain probability vs. loss probability	1.24	53.31	-52.07
Calmar ratio: Return relative to maximum drawdown	2.06	198.55	-196.49
Martin ratio: Return relative to average drawdown	6.33	2,000.92	-1,994.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRAZ vs. BILZ - Sharpe Ratio Comparison

The current BRAZ Sharpe Ratio is 1.36, which is lower than the BILZ Sharpe Ratio of 19.09. The chart below compares the historical Sharpe Ratios of BRAZ and BILZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRAZ	BILZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	19.09	-17.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	10.48	-10.04

Drawdowns

BRAZ vs. BILZ - Drawdown Comparison

The maximum BRAZ drawdown since its inception was -31.02%, which is greater than BILZ's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for BRAZ and BILZ.

Drawdown Indicators

	BRAZ	BILZ	Difference
Max Drawdown Largest peak-to-trough decline	-31.02%	-0.52%	-30.50%
Max Drawdown (1Y) Largest decline over 1 year	-15.91%	-0.02%	-15.89%
Current Drawdown Current decline from peak	-15.91%	0.00%	-15.91%
Average Drawdown Average peak-to-trough decline	-11.25%	-0.01%	-11.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	0.00%	+5.17%

Volatility

BRAZ vs. BILZ - Volatility Comparison

Global X Brazil Active ETF (BRAZ) has a higher volatility of 6.95% compared to PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) at 0.07%. This indicates that BRAZ's price experiences larger fluctuations and is considered to be riskier than BILZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRAZ	BILZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	0.07%	+6.88%
Volatility (6M) Calculated over the trailing 6-month period	20.04%	0.14%	+19.90%
Volatility (1Y) Calculated over the trailing 1-year period	24.14%	0.21%	+23.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.58%	0.43%	+23.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	0.43%	+23.15%

BRAZ vs. BILZ - Expense Ratio Comparison

BRAZ has a 0.75% expense ratio, which is higher than BILZ's 0.14% expense ratio.

Dividends

BRAZ vs. BILZ - Dividend Comparison

BRAZ's dividend yield for the trailing twelve months is around 3.12%, less than BILZ's 4.07% yield.

Position	TTM	2025	2024	2023
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	4.07%	4.19%	4.95%	2.23%
BRAZ Global X Brazil Active ETF	3.12%	3.41%	4.16%	1.88%

Frequently Asked Questions

Can I hold both BRAZ and BILZ in my portfolio?

BRAZ and BILZ have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRAZ or BILZ?

BRAZ has higher volatility (6.95%) compared to BILZ (0.07%). In terms of maximum drawdown, BRAZ dropped -31.02% vs BILZ's -0.52%.

Which ETF is better, BRAZ or BILZ?

On 1-year performance, BRAZ leads with 32.60% vs 3.91% for BILZ. On fees, BILZ is cheaper at 0.14% per year. On volatility, BILZ has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRAZ or BILZ?

Over the 1-year period, BRAZ has performed better with a 32.60% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRAZ or BILZ?

BILZ is cheaper with a 0.14% expense ratio, compared with 0.75% for BRAZ.

Which ETF pays a higher dividend yield, BRAZ or BILZ?

BILZ has the higher dividend yield at 4.07%, compared with 3.12% for BRAZ.

What is the main difference between BRAZ and BILZ?

BRAZ is categorized as Latin America Equities, while BILZ is Ultrashort Bond. They also come from different issuers: Global X and PIMCO. Their fees differ too: 0.75% for BRAZ and 0.14% for BILZ.

Which has better risk-adjusted returns?

BILZ currently has the higher Sharpe Ratio (19.09 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.