BRF vs. ANE.MC

Last updated Jun 4, 2026

BRF (VanEck Vectors Brazil Small-Cap ETF) is Latin America Equities fund tracking the MVIS Brazil Small-Cap Index, while ANE.MC (Corporacion Acciona Energias Renovables SA) is a stock. Over the past 3 years, BRF returned 5.49%/yr vs -5.92%/yr for ANE.MC. At a 0.18 correlation, their price movements are largely independent.

Performance

BRF vs. ANE.MC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Brazil Small-Cap ETF (BRF) and Corporacion Acciona Energias Renovables SA (ANE.MC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BRF is traded in USD, while ANE.MC is traded in EUR. To make them comparable, the ANE.MC values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BRF achieves a 5.08% return, which is significantly higher than ANE.MC's 2.45% return.

BRF

• 1D: -4.64%
• 1M: -10.08%
• YTD: 5.08%
• 6M: -0.52%
• 1Y: 20.45%
• 3Y*: 5.49%
• 5Y*: -3.39%
• 10Y*: 6.61%

ANE.MC

• 1D: 1.99%
• 1M: 2.76%
• YTD: 2.45%
• 6M: 9.99%
• 1Y: 25.78%
• 3Y*: -5.92%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRF vs. ANE.MC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BRF VanEck Vectors Brazil Small-Cap ETF	5.08%	54.17%	-35.02%	37.21%	-14.38%	-29.73%
ANE.MC Corporacion Acciona Energias Renovables SA	2.51%	45.39%	-39.37%	-18.42%	5.50%	8.53%

Correlation

The correlation between BRF and ANE.MC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.18

Return for Risk

BRF vs. ANE.MC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRF

BRF Risk / Return Rank: 23
BRF Sharpe Ratio Rank: 21
BRF Sortino Ratio Rank: 21
BRF Omega Ratio Rank: 21
BRF Calmar Ratio Rank: 26
BRF Martin Ratio Rank: 26

ANE.MC

ANE.MC Risk / Return Rank: 59
ANE.MC Sharpe Ratio Rank: 65
ANE.MC Sortino Ratio Rank: 58
ANE.MC Omega Ratio Rank: 56
ANE.MC Calmar Ratio Rank: 58
ANE.MC Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRF vs. ANE.MC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Brazil Small-Cap ETF (BRF) and Corporacion Acciona Energias Renovables SA (ANE.MC). 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.

	BRF	ANE.MC	Difference
Sharpe ratio Return per unit of total volatility	0.72	0.80	-0.08
Sortino ratio Return per unit of downside risk	1.14	1.23	-0.10
Omega ratio Gain probability vs. loss probability	1.15	1.15	-0.01
Calmar ratio Return relative to maximum drawdown	1.27	1.06	+0.21
Martin ratio Return relative to average drawdown	3.58	1.99	+1.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRF vs. ANE.MC - Sharpe Ratio Comparison

The current BRF Sharpe Ratio is 0.72, which is comparable to the ANE.MC Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of BRF and ANE.MC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRF	ANE.MC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	0.80	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.10	+0.16

Drawdowns

BRF vs. ANE.MC - Drawdown Comparison

The maximum BRF drawdown since its inception was -82.26%, which is greater than ANE.MC's maximum drawdown of -62.23%. Use the drawdown chart below to compare losses from any high point for BRF and ANE.MC.

Drawdown Indicators

	BRF	ANE.MC	Difference
Max Drawdown Largest peak-to-trough decline	-82.26%	-62.23%	-20.03%
Max Drawdown (1Y) Largest decline over 1 year	-16.11%	-23.97%	+7.86%
Max Drawdown (3Y) Largest decline over 3 years	-37.81%	-52.98%	+15.17%
Max Drawdown (5Y) Largest decline over 5 years	-50.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.43%	—	—
Current Drawdown Current decline from peak	-48.77%	-35.82%	-12.95%
Average Drawdown Average peak-to-trough decline	-45.74%	-29.52%	-16.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.72%	12.88%	-7.16%

Volatility

BRF vs. ANE.MC - Volatility Comparison

The current volatility for VanEck Vectors Brazil Small-Cap ETF (BRF) is 10.39%, while Corporacion Acciona Energias Renovables SA (ANE.MC) has a volatility of 10.99%. This indicates that BRF experiences smaller price fluctuations and is considered to be less risky than ANE.MC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRF	ANE.MC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.39%	10.99%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	23.85%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	28.46%	31.72%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.66%	32.84%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.94%	32.84%	+1.10%

Dividends

BRF vs. ANE.MC - Dividend Comparison

BRF's dividend yield for the trailing twelve months is around 5.28%, more than ANE.MC's 1.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANE.MC Corporacion Acciona Energias Renovables SA	1.54%	1.59%	2.22%	2.02%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BRF VanEck Vectors Brazil Small-Cap ETF	5.28%	5.54%	4.08%	5.02%	4.13%	2.96%	1.66%	2.54%	2.89%	4.53%	4.25%	3.84%

Frequently Asked Questions

Can I hold both BRF and ANE.MC in my portfolio?

BRF and ANE.MC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.