BRAZ vs. THD
Compare and contrast key facts about Global X Brazil Active ETF (BRAZ) and iShares MSCI Thailand ETF (THD).
BRAZ and THD 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. THD is a passively managed fund by iShares that tracks the performance of the MSCI Thailand Investable Market Index. It was launched on Mar 26, 2008. Both BRAZ and THD 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 THD.
Performance
BRAZ vs. THD - Performance Comparison
Returns By Period
In the year-to-date period, BRAZ achieves a -18.77% return, which is significantly lower than THD's -0.32% return.
BRAZ
-18.77%
-3.58%
-11.35%
-12.91%
N/A
N/A
THD
-0.32%
-9.42%
5.17%
2.38%
-4.17%
-0.25%
Key characteristics
| BRAZ | THD | |
|---|---|---|
| Sharpe Ratio | -0.52 | 0.17 |
| Sortino Ratio | -0.63 | 0.38 |
| Omega Ratio | 0.93 | 1.04 |
| Calmar Ratio | -0.52 | 0.08 |
| Martin Ratio | -0.89 | 0.36 |
| Ulcer Index | 11.89% | 7.88% |
| Daily Std Dev | 19.93% | 17.40% |
| Max Drawdown | -20.34% | -64.22% |
| Current Drawdown | -19.45% | -26.87% |
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BRAZ vs. THD - Expense Ratio Comparison
BRAZ has a 0.75% expense ratio, which is higher than THD's 0.59% expense ratio.
Correlation
The correlation between BRAZ and THD is 0.34, 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.
Risk-Adjusted Performance
BRAZ vs. THD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) and iShares MSCI Thailand ETF (THD). 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. THD - Dividend Comparison
BRAZ's dividend yield for the trailing twelve months is around 3.94%, more than THD's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 3.94% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
THD iShares MSCI Thailand ETF | 2.88% | 2.92% | 2.41% | 3.16% | 2.31% | 2.42% | 2.57% | 2.16% | 2.61% | 3.58% | 2.34% | 2.93% |
Drawdowns
BRAZ vs. THD - Drawdown Comparison
The maximum BRAZ drawdown since its inception was -20.34%, smaller than the maximum THD drawdown of -64.22%. Use the drawdown chart below to compare losses from any high point for BRAZ and THD. For additional features, visit the drawdowns tool.
Volatility
BRAZ vs. THD - Volatility Comparison
The current volatility for Global X Brazil Active ETF (BRAZ) is 5.49%, while iShares MSCI Thailand ETF (THD) has a volatility of 5.97%. This indicates that BRAZ experiences smaller price fluctuations and is considered to be less risky than THD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.