UBR vs. BRAZ
Compare and contrast key facts about ProShares Ultra MSCI Brazil (UBR) and Global X Brazil Active ETF (BRAZ).
UBR and BRAZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBR is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil Index (200%). It was launched on Apr 27, 2010. BRAZ is a passively managed fund by Global X that tracks the performance of the Solactive Brazil Mid Cap Index. It was launched on Aug 16, 2023. Both UBR and BRAZ 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: UBR or BRAZ.
Performance
UBR vs. BRAZ - Performance Comparison
Returns By Period
In the year-to-date period, UBR achieves a -42.62% return, which is significantly lower than BRAZ's -19.74% return.
UBR
-42.62%
-9.10%
-22.21%
-35.23%
-23.11%
-16.21%
BRAZ
-19.74%
-4.49%
-8.58%
-14.87%
N/A
N/A
Key characteristics
| UBR | BRAZ | |
|---|---|---|
| Sharpe Ratio | -0.88 | -0.70 |
| Sortino Ratio | -1.19 | -0.90 |
| Omega Ratio | 0.87 | 0.90 |
| Calmar Ratio | -0.37 | -0.68 |
| Martin Ratio | -1.29 | -1.15 |
| Ulcer Index | 27.29% | 12.14% |
| Daily Std Dev | 40.21% | 19.78% |
| Max Drawdown | -97.15% | -20.41% |
| Current Drawdown | -95.68% | -20.41% |
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UBR vs. BRAZ - Expense Ratio Comparison
UBR has a 0.95% expense ratio, which is higher than BRAZ's 0.75% expense ratio.
Correlation
The correlation between UBR and BRAZ is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
UBR vs. BRAZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) 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.
Dividends
UBR vs. BRAZ - Dividend Comparison
UBR's dividend yield for the trailing twelve months is around 5.58%, more than BRAZ's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 5.58% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
BRAZ Global X Brazil Active ETF | 3.99% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UBR vs. BRAZ - Drawdown Comparison
The maximum UBR drawdown since its inception was -97.15%, which is greater than BRAZ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for UBR and BRAZ. For additional features, visit the drawdowns tool.
Volatility
UBR vs. BRAZ - Volatility Comparison
ProShares Ultra MSCI Brazil (UBR) has a higher volatility of 11.60% compared to Global X Brazil Active ETF (BRAZ) at 5.56%. This indicates that UBR's price experiences larger fluctuations and is considered to be riskier than BRAZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.