BRAZ vs. UBR
Compare and contrast key facts about Global X Brazil Active ETF (BRAZ) and ProShares Ultra MSCI Brazil (UBR).
BRAZ and UBR 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. UBR is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil Index (200%). It was launched on Apr 27, 2010. Both BRAZ and UBR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BRAZ vs. UBR - Performance Comparison
Loading graphics...
BRAZ vs. UBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 17.07% | 45.42% | -29.74% | 17.56% |
UBR ProShares Ultra MSCI Brazil | 40.10% | 96.11% | -57.05% | 33.05% |
Returns By Period
In the year-to-date period, BRAZ achieves a 17.07% return, which is significantly lower than UBR's 40.10% return.
BRAZ
- 1D
- 2.49%
- 1M
- -3.15%
- YTD
- 17.07%
- 6M
- 24.77%
- 1Y
- 52.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UBR
- 1D
- 8.68%
- 1M
- -3.62%
- YTD
- 40.10%
- 6M
- 52.86%
- 1Y
- 114.10%
- 3Y*
- 24.81%
- 5Y*
- 8.86%
- 10Y*
- 0.17%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BRAZ vs. UBR - Expense Ratio Comparison
BRAZ has a 0.75% expense ratio, which is lower than UBR's 0.95% expense ratio.
Return for Risk
BRAZ vs. UBR — Risk / Return Rank
BRAZ
UBR
BRAZ vs. UBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) and ProShares Ultra MSCI Brazil (UBR). 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 | UBR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.22 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.66 | 2.56 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.76 | 4.96 | -0.19 |
Martin ratioReturn relative to average drawdown | 13.26 | 12.89 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BRAZ | UBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.22 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.18 | +0.77 |
Correlation
The correlation between BRAZ and UBR is 0.98, 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.
Dividends
BRAZ vs. UBR - Dividend Comparison
BRAZ's dividend yield for the trailing twelve months is around 2.91%, more than UBR's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 2.91% | 3.41% | 4.16% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBR ProShares Ultra MSCI Brazil | 1.49% | 2.05% | 8.09% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
Drawdowns
BRAZ vs. UBR - Drawdown Comparison
The maximum BRAZ drawdown since its inception was -31.02%, smaller than the maximum UBR drawdown of -97.15%. Use the drawdown chart below to compare losses from any high point for BRAZ and UBR.
Loading graphics...
Drawdown Indicators
| BRAZ | UBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -97.15% | +66.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -22.68% | +11.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.57% | — |
Current DrawdownCurrent decline from peak | -4.98% | -91.12% | +86.14% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -77.76% | +66.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 8.72% | -4.79% |
Volatility
BRAZ vs. UBR - Volatility Comparison
The current volatility for Global X Brazil Active ETF (BRAZ) is 10.90%, while ProShares Ultra MSCI Brazil (UBR) has a volatility of 24.50%. This indicates that BRAZ experiences smaller price fluctuations and is considered to be less risky than UBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BRAZ | UBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.90% | 24.50% | -13.60% |
Volatility (6M)Calculated over the trailing 6-month period | 19.31% | 39.53% | -20.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 51.72% | -26.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 55.89% | -32.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.60% | 67.16% | -43.56% |