ILF vs. BRAZ
ILF (iShares Latin American 40 ETF) and BRAZ (Global X Brazil Active ETF) are both Latin America Equities funds - ILF tracks the S&P Latin America 40 (Net) while BRAZ tracks the Solactive Brazil Mid Cap Index. Both are passively managed. Over the past year, ILF returned 48.11% vs 41.55% for BRAZ. Their correlation of 0.91 means they have usually moved in the same direction. ILF charges 0.47%/yr vs 0.75%/yr for BRAZ.
Performance
ILF vs. BRAZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ILF achieves a 17.64% return, which is significantly higher than BRAZ's 14.43% return.
ILF
- 1D
- -0.03%
- 1M
- 4.99%
- 6M
- 1.31%
- YTD
- 17.64%
- 1Y
- 48.11%
- 3Y*
- 14.00%
- 5Y*
- 11.24%
- 10Y*
- 7.78%
- ALL TIME*
- 9.53%
BRAZ
- 1D
- 0.23%
- 1M
- 6.38%
- 6M
- -1.50%
- YTD
- 14.43%
- 1Y
- 41.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.15K | $16.51K | $47.41K | |
| $79.35M | $71.98M | $85.23M |
ILF vs. BRAZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 17.64% | 52.65% | -23.11% | 15.91% |
BRAZ Global X Brazil Active ETF | 14.43% | 45.42% | -29.74% | 17.80% |
Correlation
The correlation between ILF and BRAZ is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023 | 0.91 |
The correlation between ILF and BRAZ has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
ILF vs. BRAZ - Sectors Allocation Comparison
Sectors
ILF
BRAZ
Financial Services
Basic Materials
Energy
Consumer Defensive
Industrials
Communication Services
-
Utilities
Consumer Cyclical
Healthcare
Real Estate
Technology
-
Financial Services
ILF
BRAZ
Basic Materials
ILF
BRAZ
Energy
ILF
BRAZ
Consumer Defensive
ILF
BRAZ
Industrials
ILF
BRAZ
Communication Services
ILF
BRAZ
-
Utilities
ILF
BRAZ
Consumer Cyclical
ILF
BRAZ
Healthcare
ILF
BRAZ
Real Estate
ILF
BRAZ
Technology
ILF
-
BRAZ
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ILF vs. BRAZ — Risk / Return Rank
ILF
BRAZ
ILF vs. BRAZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Latin American 40 ETF (ILF) and Global X Brazil Active ETF (BRAZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ILF | BRAZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.17 | +1.25 |
| Martin ratioReturn relative to average drawdown | 8.81 | 5.31 | +3.50 |
Loading charts...
Drawdowns
ILF vs. BRAZ - Drawdown Comparison
The maximum ILF drawdown since its inception was -67.48%, which is greater than BRAZ's maximum drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for ILF and BRAZ.
Loading charts...
Drawdown Indicators
| ILF | BRAZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.48% | -31.02% | -36.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -19.65% | +5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.79% | — | — |
Current DrawdownCurrent decline from peak | -5.98% | -11.91% | +5.93% |
Average DrawdownAverage peak-to-trough decline | -23.84% | -11.49% | -12.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 8.00% | -2.60% |
Volatility
ILF vs. BRAZ - Volatility Comparison
iShares Latin American 40 ETF (ILF) and Global X Brazil Active ETF (BRAZ) have volatilities of 6.14% and 6.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ILF | BRAZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 6.06% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 18.33% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.44% | 24.41% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 23.42% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.26% | 23.42% | +4.84% |
ILF vs. BRAZ - Expense Ratio Comparison
ILF has a 0.47% expense ratio, which is lower than BRAZ's 0.75% expense ratio.
Dividends
ILF vs. BRAZ - Dividend Comparison
ILF's dividend yield for the trailing twelve months is around 3.34%, more than BRAZ's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 2.56% | 3.41% | 4.16% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILF iShares Latin American 40 ETF | 3.34% | 4.39% | 7.44% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.25% |
Frequently Asked Questions
With a correlation of 0.93, ILF and BRAZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ILF has higher volatility (6.14%) compared to BRAZ (6.06%). In terms of maximum drawdown, ILF dropped -67.48% vs BRAZ's -31.02%.
On 1-year performance, ILF leads with 48.11% vs 41.55% for BRAZ. On fees, ILF is cheaper at 0.47% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ILF has performed better with a 48.11% return vs 41.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILF is cheaper with a 0.47% expense ratio, compared with 0.75% for BRAZ.
ILF has the higher dividend yield at 3.34%, compared with 2.56% for BRAZ.
ILF tracks S&P Latin America 40 (Net), while BRAZ tracks Solactive Brazil Mid Cap Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.47% for ILF and 0.75% for BRAZ.
ILF currently has the higher Sharpe Ratio (2.13 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ILF and BRAZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer