PBRG vs. BRZU
PBRG (Leverage Shares 2X Long PBR Daily ETF) and BRZU (Direxion Daily Brazil Bull 2X Shares) are both Leveraged Equities funds - PBRG tracks the Petroleo Brasileiro S.A. (PBR) while BRZU tracks the MSCI Brazil 25/50 Index. Both are passively managed. Their 0.32 correlation means their historical movements had little consistent relationship. PBRG charges 0.75%/yr vs 1.29%/yr for BRZU.
Performance
PBRG vs. BRZU - Performance Comparison
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Returns By Period
In the year-to-date period, PBRG achieves a 144.07% return, which is significantly higher than BRZU's 25.69% return.
PBRG
- 1D
- 3.30%
- 1M
- 42.65%
- 6M
- 48.66%
- YTD
- 144.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BRZU
- 1D
- 0.98%
- 1M
- 12.57%
- 6M
- -6.32%
- YTD
- 25.69%
- 1Y
- 83.60%
- 3Y*
- 6.48%
- 5Y*
- 2.33%
- 10Y*
- -19.05%
- ALL TIME*
- -29.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.63M | $1.55M | $2.54M | |
| $71.67K | $77.04K | $106.52K |
PBRG vs. BRZU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBRG Leverage Shares 2X Long PBR Daily ETF | 144.07% | 6.30% |
BRZU Direxion Daily Brazil Bull 2X Shares | 25.69% | 5.47% |
Correlation
The correlation between PBRG and BRZU is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.32 |
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Return for Risk
PBRG vs. BRZU — Risk / Return Rank
PBRG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRZU
PBRG vs. BRZU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and Direxion Daily Brazil Bull 2X Shares (BRZU). 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.
| PBRG | BRZU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.36 | — |
| Martin ratioReturn relative to average drawdown | — | 5.48 | — |
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Drawdowns
PBRG vs. BRZU - Drawdown Comparison
The maximum PBRG drawdown since its inception was -47.87%, smaller than the maximum BRZU drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for PBRG and BRZU.
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Drawdown Indicators
| PBRG | BRZU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -99.71% | +51.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.11% | — |
Current DrawdownCurrent decline from peak | -24.44% | -99.10% | +74.66% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -89.64% | +75.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.49% | — |
Volatility
PBRG vs. BRZU - Volatility Comparison
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Volatility by Period
| PBRG | BRZU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 68.66% | 50.02% | +18.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.66% | 54.96% | +13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.66% | 82.21% | -13.55% |
PBRG vs. BRZU - Expense Ratio Comparison
PBRG has a 0.75% expense ratio, which is lower than BRZU's 1.29% expense ratio.
Dividends
PBRG vs. BRZU - Dividend Comparison
PBRG has not paid dividends to shareholders, while BRZU's dividend yield for the trailing twelve months is around 1.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRZU Direxion Daily Brazil Bull 2X Shares | 1.79% | 2.39% | 8.73% | 3.24% | 4.70% | 6.29% | 0.78% | 0.95% | 1.04% | 0.74% |
PBRG Leverage Shares 2X Long PBR Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBRG and BRZU have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBRG is cheaper with a 0.75% expense ratio, compared with 1.29% for BRZU.
BRZU has the higher dividend yield at 1.79%, compared with 0.00% for PBRG.
PBRG tracks Petroleo Brasileiro S.A. (PBR), while BRZU tracks MSCI Brazil 25/50 Index. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for PBRG and 1.29% for BRZU.
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