BRZU vs. SMIN
Compare and contrast key facts about Direxion Daily Brazil Bull 2X Shares (BRZU) and iShares MSCI India Small-Cap ETF (SMIN).
BRZU and SMIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRZU is a passively managed fund by Direxion that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Apr 1, 2020. SMIN is a passively managed fund by iShares that tracks the performance of the MSCI India Small Cap Index. It was launched on Feb 8, 2012. Both BRZU and SMIN 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: BRZU or SMIN.
Key characteristics
| BRZU | SMIN | |
|---|---|---|
| YTD Return | -21.35% | 8.60% |
| 1Y Return | 27.65% | 46.04% |
| 3Y Return (Ann) | -2.82% | 16.98% |
| 5Y Return (Ann) | -37.26% | 15.09% |
| 10Y Return (Ann) | -35.52% | 12.87% |
| Sharpe Ratio | 0.73 | 3.28 |
| Daily Std Dev | 45.27% | 14.59% |
| Max Drawdown | -99.71% | -60.50% |
| Current Drawdown | -99.34% | 0.00% |
Correlation
The correlation between BRZU and SMIN is 0.36, 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.
Performance
BRZU vs. SMIN - Performance Comparison
In the year-to-date period, BRZU achieves a -21.35% return, which is significantly lower than SMIN's 8.60% return. Over the past 10 years, BRZU has underperformed SMIN with an annualized return of -35.52%, while SMIN has yielded a comparatively higher 12.87% annualized 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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BRZU vs. SMIN - Expense Ratio Comparison
BRZU has a 1.29% expense ratio, which is higher than SMIN's 0.76% expense ratio.
Risk-Adjusted Performance
BRZU vs. SMIN - 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 India Small-Cap ETF (SMIN). 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
BRZU vs. SMIN - Dividend Comparison
BRZU's dividend yield for the trailing twelve months is around 4.38%, more than SMIN's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRZU Direxion Daily Brazil Bull 2X Shares | 4.38% | 3.24% | 4.70% | 6.29% | 0.78% | 0.95% | 1.04% | 0.73% | 0.00% | 0.00% | 0.00% | 0.19% |
SMIN iShares MSCI India Small-Cap ETF | 0.38% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% | 0.34% | 0.75% |
Drawdowns
BRZU vs. SMIN - Drawdown Comparison
The maximum BRZU drawdown since its inception was -99.71%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for BRZU and SMIN. For additional features, visit the drawdowns tool.
Volatility
BRZU vs. SMIN - Volatility Comparison
Direxion Daily Brazil Bull 2X Shares (BRZU) has a higher volatility of 13.26% compared to iShares MSCI India Small-Cap ETF (SMIN) at 3.52%. This indicates that BRZU's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.