BRAZ vs. VOO
Compare and contrast key facts about Global X Brazil Active ETF (BRAZ) and Vanguard S&P 500 ETF (VOO).
BRAZ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BRAZ and VOO 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 VOO.
Key characteristics
| BRAZ | VOO | |
|---|---|---|
| YTD Return | -11.74% | 19.06% |
| 1Y Return | -2.79% | 26.65% |
| Sharpe Ratio | -0.09 | 2.18 |
| Daily Std Dev | 22.16% | 12.72% |
| Max Drawdown | -20.17% | -33.99% |
| Current Drawdown | -12.48% | -0.48% |
Correlation
The correlation between BRAZ and VOO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BRAZ vs. VOO - Performance Comparison
In the year-to-date period, BRAZ achieves a -11.74% return, which is significantly lower than VOO's 19.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BRAZ vs. VOO - Expense Ratio Comparison
BRAZ has a 0.75% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
BRAZ vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
BRAZ's dividend yield for the trailing twelve months is around 3.62%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 3.62% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BRAZ vs. VOO - Drawdown Comparison
The maximum BRAZ drawdown since its inception was -20.17%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BRAZ and VOO. For additional features, visit the drawdowns tool.
Volatility
BRAZ vs. VOO - Volatility Comparison
Global X Brazil Active ETF (BRAZ) has a higher volatility of 6.15% compared to Vanguard S&P 500 ETF (VOO) at 4.25%. This indicates that BRAZ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.