BRAZ vs. GLD
Compare and contrast key facts about Global X Brazil Active ETF (BRAZ) and SPDR Gold Trust (GLD).
BRAZ and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both BRAZ and GLD 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 GLD.
Correlation
The correlation between BRAZ and GLD is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BRAZ vs. GLD - Performance Comparison
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Key characteristics
BRAZ:
32.92%
GLD:
17.51%
BRAZ:
-1.33%
GLD:
-45.56%
BRAZ:
0.00%
GLD:
-2.77%
Returns By Period
BRAZ
N/A
N/A
N/A
N/A
N/A
N/A
GLD
26.73%
2.99%
23.75%
40.30%
13.96%
10.14%
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BRAZ vs. GLD - Expense Ratio Comparison
BRAZ has a 0.75% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
BRAZ vs. GLD — Risk-Adjusted Performance Rank
BRAZ
GLD
BRAZ vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) and SPDR Gold Trust (GLD). 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.
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Dividends
BRAZ vs. GLD - Dividend Comparison
BRAZ's dividend yield for the trailing twelve months is around 3.49%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BRAZ Global X Brazil Active ETF | 3.49% | 0.00% | 0.00% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
BRAZ vs. GLD - Drawdown Comparison
The maximum BRAZ drawdown since its inception was -1.33%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for BRAZ and GLD. For additional features, visit the drawdowns tool.
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Volatility
BRAZ vs. GLD - Volatility Comparison
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