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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRAZ or UBR.
Performance
BRAZ vs. UBR - Performance Comparison
Returns By Period
In the year-to-date period, BRAZ achieves a -19.74% return, which is significantly higher than UBR's -42.62% return.
BRAZ
-19.74%
-4.49%
-8.58%
-14.87%
N/A
N/A
UBR
-42.62%
-9.10%
-22.21%
-35.23%
-23.11%
-16.21%
Key characteristics
| BRAZ | UBR | |
|---|---|---|
| Sharpe Ratio | -0.70 | -0.88 |
| Sortino Ratio | -0.90 | -1.19 |
| Omega Ratio | 0.90 | 0.87 |
| Calmar Ratio | -0.68 | -0.37 |
| Martin Ratio | -1.15 | -1.29 |
| Ulcer Index | 12.14% | 27.29% |
| Daily Std Dev | 19.78% | 40.21% |
| Max Drawdown | -20.41% | -97.15% |
| Current Drawdown | -20.41% | -95.68% |
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BRAZ vs. UBR - Expense Ratio Comparison
BRAZ has a 0.75% expense ratio, which is lower than UBR's 0.95% expense ratio.
Correlation
The correlation between BRAZ and UBR 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. UBR - Risk-Adjusted Performance 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.
Dividends
BRAZ vs. UBR - Dividend Comparison
BRAZ's dividend yield for the trailing twelve months is around 3.99%, less than UBR's 5.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 3.99% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBR ProShares Ultra MSCI Brazil | 5.58% | 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 -20.41%, 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. For additional features, visit the drawdowns tool.
Volatility
BRAZ vs. UBR - Volatility Comparison
The current volatility for Global X Brazil Active ETF (BRAZ) is 5.56%, while ProShares Ultra MSCI Brazil (UBR) has a volatility of 11.60%. 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.