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ETFs

Global X Brazil Active ETF

BRAZ
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 16, 2023
Expense Ratio
0.75%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$10,702
AUM
$3,037,950
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PBR
Petroleo Brasileiro S.A. Petrobras - ADR
9.61%
VALE
Vale S.A. - ADR
9.37%
ITUB
Itau Unibanco Holding S.A. - ADR
8.05%
BBD
Banco Bradesco S.A. - ADR
5.17%
B3SA3
B3 S.A. - Brasil Bolsa Balcao
4.47%
SUZ
Suzano S.A. - ADR
4.41%
BRAP4
Bradespar S.A. - PRF PERPETUAL BRL 77
4.2%
PRIO3
PRIO S.A
4.13%
RADL3
Raia Drogasil S.A.
3.53%
BPAC11
Banco BTG Pactual S.A. - Units (Comp 1 Ord + 2 Prf Class A)
3.49%
Invest with BRAZ
Trade BRAZ Options

What is BRAZ?

The Global X Brazil Active ETF (BRAZ) is an actively managed ETF designed to offer investors direct exposure to the Brazilian Economy. BRAZ screens for companies with quality business models and management teams across Brazil, focusing on domestic-driven growth over a 4-5 year investing horizon. In a single trade, BRAZ delivers access to dozens of Brazilian stocks across a range of sectors, along with the outperformance potential of active management.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

BRAZ
Performance Measures**

for the time period Aug 18, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 12.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 19.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -31.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 22.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.57

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.35

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBRAZ

ETFs correlated to BRAZ include EWZ, BRZU, ILF

BRAZ
Global X Funds - Global X Brazil Active ETF
EWZ
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF
BRZU
Direxion Shares ETF Trust - Direxion Daily MSCI Brazil Bull 2X Shares
ILF
BlackRock Institutional Trust Company N.A. - iShares Latin America 40 ETF
EWZS
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil Small-Cap ETF
PXH
Invesco Capital Management LLC - Invesco FTSE RAFI Emerging Markets ETF
FRDM
EA Series Trust - Alpha Architect Freedom 100 Emerging Markets ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
SDIV
Global X Funds - Global X SuperDividend ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BRAZ is a Global Ex. US Equities ETF. The Global X Brazil Active ETF (BRAZ) is an actively managed ETF designed to offer investors direct exposure to the Brazilian Economy. BRAZ screens for companies with quality business models and management teams across Brazil, focusing on domestic-driven growth over a 4-5 year investing horizon. In a single trade, BRAZ delivers access to dozens of Brazilian stocks across a range of sectors, along with the outperformance potential of active management.

Yes, BRAZ is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BRAZ is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BRAZ is -0.0199%. This is the percent change in the value of BRAZ over the most recent 1-month period. The 3-month return on BRAZ is %. This is the percent change in the value of BRAZ over the most recent 3-month period.

ETFs similar to BRAZ include EWW, EWT, and EWJ.

ETFs correlated to BRAZ include EWZ, BRZU, and ILF.

ETFs that are inversely correlated to BRAZ include EDZ, DUST, and GDXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.