BRAZ vs. EWZ
Compare and contrast key facts about Global X Brazil Active ETF (BRAZ) and iShares MSCI Brazil ETF (EWZ).
BRAZ and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRAZ is a passively managed fund by Global X that tracks the performance of the Solactive Brazil Mid Cap Index. It was launched on Aug 16, 2023. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. Both BRAZ and EWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRAZ or EWZ.
Performance
BRAZ vs. EWZ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with BRAZ having a -19.74% return and EWZ slightly lower at -20.46%.
BRAZ
-19.74%
-4.49%
-8.58%
-14.87%
N/A
N/A
EWZ
-20.46%
-4.20%
-9.24%
-14.71%
-2.78%
-0.04%
Key characteristics
| BRAZ | EWZ | |
|---|---|---|
| Sharpe Ratio | -0.70 | -0.73 |
| Sortino Ratio | -0.90 | -0.95 |
| Omega Ratio | 0.90 | 0.89 |
| Calmar Ratio | -0.68 | -0.32 |
| Martin Ratio | -1.15 | -1.15 |
| Ulcer Index | 12.14% | 12.85% |
| Daily Std Dev | 19.78% | 20.16% |
| Max Drawdown | -20.41% | -77.27% |
| Current Drawdown | -20.41% | -46.55% |
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BRAZ vs. EWZ - Expense Ratio Comparison
BRAZ has a 0.75% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Correlation
The correlation between BRAZ and EWZ is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BRAZ vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) and iShares MSCI Brazil ETF (EWZ). 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.
Dividends
BRAZ vs. EWZ - Dividend Comparison
BRAZ's dividend yield for the trailing twelve months is around 3.99%, less than EWZ's 7.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 3.99% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWZ iShares MSCI Brazil ETF | 7.93% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% | 3.23% |
Drawdowns
BRAZ vs. EWZ - Drawdown Comparison
The maximum BRAZ drawdown since its inception was -20.41%, smaller than the maximum EWZ drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for BRAZ and EWZ. For additional features, visit the drawdowns tool.
Volatility
BRAZ vs. EWZ - Volatility Comparison
Global X Brazil Active ETF (BRAZ) and iShares MSCI Brazil ETF (EWZ) have volatilities of 5.56% and 5.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.