LBRA.DE vs. 4BRZ.DE
LBRA.DE (Amundi MSCI Brazil UCITS ETF Acc) and 4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) are both Latin America Equities funds - LBRA.DE tracks the MSCI Brazil while 4BRZ.DE tracks the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 5 years, LBRA.DE returned 6.29%/yr vs 6.36%/yr for 4BRZ.DE. With a 0.97 correlation, they move nearly in lockstep. LBRA.DE charges 0.65%/yr vs 0.31%/yr for 4BRZ.DE.
Performance
LBRA.DE vs. 4BRZ.DE - Performance Comparison
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Different Trading Currencies
LBRA.DE is traded in EUR, while 4BRZ.DE is traded in USD. To make them comparable, the 4BRZ.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with LBRA.DE having a 15.83% return and 4BRZ.DE slightly lower at 15.30%.
LBRA.DE
- 1D
- -0.67%
- 1M
- 2.20%
- 6M
- 9.56%
- YTD
- 15.83%
- 1Y
- 36.12%
- 3Y*
- 8.87%
- 5Y*
- 6.29%
- 10Y*
- —
4BRZ.DE
- 1D
- -0.78%
- 1M
- 1.51%
- 6M
- 9.53%
- YTD
- 15.30%
- 1Y
- 35.91%
- 3Y*
- 8.92%
- 5Y*
- 6.36%
- 10Y*
- —
LBRA.DE vs. 4BRZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LBRA.DE Amundi MSCI Brazil UCITS ETF Acc | 15.83% | 31.97% | -26.47% | 29.30% | 20.01% | -12.58% | -26.84% | 12.56% |
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 15.30% | 31.54% | -25.69% | 28.88% | 20.67% | -12.67% | -26.67% | 13.46% |
Correlation
The correlation between LBRA.DE and 4BRZ.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019 | 0.97 |
The correlation between LBRA.DE and 4BRZ.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
LBRA.DE vs. 4BRZ.DE — Risk / Return Rank
LBRA.DE
4BRZ.DE
LBRA.DE vs. 4BRZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE) and iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE). 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.
| LBRA.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.02 | +0.06 |
| Martin ratioReturn relative to average drawdown | 5.49 | 5.44 | +0.05 |
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Drawdowns
LBRA.DE vs. 4BRZ.DE - Drawdown Comparison
The maximum LBRA.DE drawdown since its inception was -55.23%, roughly equal to the maximum 4BRZ.DE drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for LBRA.DE and 4BRZ.DE.
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Drawdown Indicators
| LBRA.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.23% | -55.47% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -17.32% | -17.71% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -28.84% | -28.14% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | -28.14% | -0.70% |
Current DrawdownCurrent decline from peak | -11.65% | -11.93% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -19.11% | -18.19% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 6.58% | -0.02% |
Volatility
LBRA.DE vs. 4BRZ.DE - Volatility Comparison
Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE) and iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) have volatilities of 4.76% and 4.56%, 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.
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Volatility by Period
| LBRA.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.56% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 17.20% | 17.31% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.72% | 22.45% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.22% | 26.71% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.01% | 32.55% | -0.54% |
LBRA.DE vs. 4BRZ.DE - Expense Ratio Comparison
LBRA.DE has a 0.65% expense ratio, which is higher than 4BRZ.DE's 0.31% expense ratio.
Dividends
LBRA.DE vs. 4BRZ.DE - Dividend Comparison
Neither LBRA.DE nor 4BRZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, LBRA.DE and 4BRZ.DE 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.
On fees, 4BRZ.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4BRZ.DE is cheaper with a 0.31% expense ratio, compared with 0.65% for LBRA.DE.
LBRA.DE tracks MSCI Brazil, while 4BRZ.DE tracks MSCI Brazil 25/50 Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.65% for LBRA.DE and 0.31% for 4BRZ.DE.
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