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BRZU vs. EWZS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BRZU and EWZS 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.


-0.50.00.51.0
Correlation: 0.5

Performance

BRZU vs. EWZS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Brazil Bull 2X Shares (BRZU) and iShares MSCI Brazil Small-Cap ETF (EWZS). The values are adjusted to include any dividend payments, if applicable.

-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-99.50%
-36.53%
BRZU
EWZS

Key characteristics

Sharpe Ratio

BRZU:

-0.44

EWZS:

-0.14

Sortino Ratio

BRZU:

-0.33

EWZS:

0.02

Omega Ratio

BRZU:

0.96

EWZS:

1.00

Calmar Ratio

BRZU:

-0.22

EWZS:

-0.08

Martin Ratio

BRZU:

-0.74

EWZS:

-0.27

Ulcer Index

BRZU:

29.09%

EWZS:

16.39%

Daily Std Dev

BRZU:

49.17%

EWZS:

31.41%

Max Drawdown

BRZU:

-99.71%

EWZS:

-79.23%

Current Drawdown

BRZU:

-99.50%

EWZS:

-40.63%

Returns By Period

In the year-to-date period, BRZU achieves a 39.37% return, which is significantly higher than EWZS's 30.49% return. Over the past 10 years, BRZU has underperformed EWZS with an annualized return of -30.16%, while EWZS has yielded a comparatively higher 3.39% annualized return.


BRZU

YTD

39.37%

1M

7.63%

6M

-7.83%

1Y

-23.92%

5Y*

2.81%

10Y*

-30.16%

EWZS

YTD

30.49%

1M

10.33%

6M

2.92%

1Y

-6.56%

5Y*

5.05%

10Y*

3.39%

*Annualized

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BRZU vs. EWZS - Expense Ratio Comparison

BRZU has a 1.29% expense ratio, which is higher than EWZS's 0.59% expense ratio.


Expense ratio chart for BRZU: current value is 1.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BRZU: 1.29%
Expense ratio chart for EWZS: current value is 0.59%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
EWZS: 0.59%

Risk-Adjusted Performance

BRZU vs. EWZS — Risk-Adjusted Performance Rank

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

BRZU
The Risk-Adjusted Performance Rank of BRZU is 88
Overall Rank
The Sharpe Ratio Rank of BRZU is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of BRZU is 88
Sortino Ratio Rank
The Omega Ratio Rank of BRZU is 88
Omega Ratio Rank
The Calmar Ratio Rank of BRZU is 99
Calmar Ratio Rank
The Martin Ratio Rank of BRZU is 99
Martin Ratio Rank

EWZS
The Risk-Adjusted Performance Rank of EWZS is 1616
Overall Rank
The Sharpe Ratio Rank of EWZS is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of EWZS is 1616
Sortino Ratio Rank
The Omega Ratio Rank of EWZS is 1616
Omega Ratio Rank
The Calmar Ratio Rank of EWZS is 1616
Calmar Ratio Rank
The Martin Ratio Rank of EWZS is 1616
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BRZU vs. EWZS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Brazil Bull 2X Shares (BRZU) and iShares MSCI Brazil Small-Cap ETF (EWZS). 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.


The chart of Sharpe ratio for BRZU, currently valued at -0.44, compared to the broader market-1.000.001.002.003.004.00
BRZU: -0.44
EWZS: -0.14
The chart of Sortino ratio for BRZU, currently valued at -0.33, compared to the broader market-2.000.002.004.006.008.00
BRZU: -0.33
EWZS: 0.02
The chart of Omega ratio for BRZU, currently valued at 0.96, compared to the broader market0.501.001.502.002.50
BRZU: 0.96
EWZS: 1.00
The chart of Calmar ratio for BRZU, currently valued at -0.22, compared to the broader market0.002.004.006.008.0010.0012.00
BRZU: -0.22
EWZS: -0.08
The chart of Martin ratio for BRZU, currently valued at -0.74, compared to the broader market0.0020.0040.0060.00
BRZU: -0.74
EWZS: -0.27

The current BRZU Sharpe Ratio is -0.44, which is lower than the EWZS Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of BRZU and EWZS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.00NovemberDecember2025FebruaryMarchApril
-0.44
-0.14
BRZU
EWZS

Dividends

BRZU vs. EWZS - Dividend Comparison

BRZU's dividend yield for the trailing twelve months is around 5.75%, more than EWZS's 3.79% yield.


TTM20242023202220212020201920182017201620152014
BRZU
Direxion Daily Brazil Bull 2X Shares
5.75%8.73%3.24%4.70%6.29%0.79%0.95%1.04%0.73%0.00%0.00%0.00%
EWZS
iShares MSCI Brazil Small-Cap ETF
3.79%4.94%2.75%4.62%4.51%1.15%1.77%4.79%3.41%3.62%4.35%3.05%

Drawdowns

BRZU vs. EWZS - Drawdown Comparison

The maximum BRZU drawdown since its inception was -99.71%, which is greater than EWZS's maximum drawdown of -79.23%. Use the drawdown chart below to compare losses from any high point for BRZU and EWZS. For additional features, visit the drawdowns tool.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-99.50%
-36.56%
BRZU
EWZS

Volatility

BRZU vs. EWZS - Volatility Comparison

Direxion Daily Brazil Bull 2X Shares (BRZU) has a higher volatility of 22.88% compared to iShares MSCI Brazil Small-Cap ETF (EWZS) at 13.96%. This indicates that BRZU's price experiences larger fluctuations and is considered to be riskier than EWZS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
22.88%
13.96%
BRZU
EWZS