BRF vs. GDX
Compare and contrast key facts about VanEck Vectors Brazil Small-Cap ETF (BRF) and VanEck Vectors Gold Miners ETF (GDX).
BRF and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRF is a passively managed fund by VanEck that tracks the performance of the MVIS Brazil Small-Cap Index. It was launched on May 12, 2009. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both BRF and GDX 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: BRF or GDX.
Performance
BRF vs. GDX - Performance Comparison
Returns By Period
In the year-to-date period, BRF achieves a -23.42% return, which is significantly lower than GDX's 22.99% return. Over the past 10 years, BRF has underperformed GDX with an annualized return of -2.45%, while GDX has yielded a comparatively higher 7.91% annualized return.
BRF
-23.42%
-3.51%
-10.50%
-15.66%
-7.94%
-2.45%
GDX
22.99%
-13.50%
9.76%
32.53%
8.72%
7.91%
Key characteristics
| BRF | GDX | |
|---|---|---|
| Sharpe Ratio | -0.62 | 1.02 |
| Sortino Ratio | -0.77 | 1.53 |
| Omega Ratio | 0.91 | 1.18 |
| Calmar Ratio | -0.25 | 0.58 |
| Martin Ratio | -1.03 | 4.08 |
| Ulcer Index | 15.32% | 8.02% |
| Daily Std Dev | 25.27% | 32.11% |
| Max Drawdown | -81.72% | -80.57% |
| Current Drawdown | -61.61% | -35.69% |
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BRF vs. GDX - Expense Ratio Comparison
BRF has a 0.60% expense ratio, which is higher than GDX's 0.53% expense ratio.
Correlation
The correlation between BRF and GDX is 0.30, 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
BRF vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Brazil Small-Cap ETF (BRF) and VanEck Vectors Gold Miners ETF (GDX). 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
BRF vs. GDX - Dividend Comparison
BRF's dividend yield for the trailing twelve months is around 6.55%, more than GDX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRF VanEck Vectors Brazil Small-Cap ETF | 6.55% | 5.01% | 4.13% | 2.97% | 1.66% | 2.54% | 2.89% | 4.53% | 4.25% | 3.84% | 4.23% | 1.85% |
GDX VanEck Vectors Gold Miners ETF | 1.31% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
BRF vs. GDX - Drawdown Comparison
The maximum BRF drawdown since its inception was -81.72%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for BRF and GDX. For additional features, visit the drawdowns tool.
Volatility
BRF vs. GDX - Volatility Comparison
The current volatility for VanEck Vectors Brazil Small-Cap ETF (BRF) is 6.28%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 10.42%. This indicates that BRF experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.