BRAZ
Global X Brazil Active ETF
BRAZ is an actively managed ETF offering 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.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 10.2 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Aug 17, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PETROLEO BRASILEIRO S.A.-ADR | 12.9 % |
| ITAU UNIBANCO HLDNG-PREF ADR | 11.5 % |
| NU HOLDINGS LTD. CLASS A | 10.0 % |
| VALE SA-SP ADR | 7.3 % |
| BANCO BRADESCO-ADR | 6.1 % |
| CENTRAIS ELEC BRAS-SP ADR CM | 5.0 % |
| ITAUSA-INVESTIMENTOS ITAU-PR | 4.7 % |
| BANCO BTG PACTUAL SA UNITS CONS OF 1 SH | 4.6 % |
| CIA PARANAENSE DE ENER-ADR | 3.9 % |
| BM&FBOVESPA SA | 3.9 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 651 |
| Wgt avg mkt cap (mns) | $29,338 |
| Large cap (>$10bn) | 75.4% |
| Mid cap ($2-10bn) | 14.4% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 21.0% |
| Emerging mkts. | 79.0% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 79.4 % |
 |
CAYMAN ISLANDS | 10.0 % |
 |
UNITED STATES | 5.3 % |
 |
CANADA | 4.0 % |
 |
ARGENTINA | 1.3 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.9% | 62.8% | 10.5% | -- | -- | -- | -- | 52.0% |
| Dividend Yield | 0.0% | 5.9% | 4.1% | -- | -- | -- | -- | 1.1% |
| Total Returns | 20.9% | 68.7% | 14.6% | -- | -- | -- | -- | 53.1% | Ann. Volatility | 27.0% | 24.2% | 23.9% | -- | -- | -- | -- | 69.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 31% |
| MSCI EAFE | 0.94 | 41% |
| MSCI Emg Mkts | 0.91 | 47% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.44% |
Technical Indicators
| 30d moving avg. (EMA) | $31.88 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.20/0.58 |
| Bollinger Bands (Upper/Lower) | $34.21/$31.14 |
| Short interest (% of AUM) | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BRAZ |
Expenses vs. BRAZ |
ALTAR Score™ vs. BRAZ |
|---|---|---|---|---|
| ILF | iShares Latin America 40 ETF | 38.8% | -27 bp | -0.5% |
| EWZ | iShares MSCI Brazil ETF | 29.1% | -17 bp | +0.0% |
| OTGL | OTG Latin America ETF | 20.5% | +194 bp | -2.6% |
| FLBR | Franklin FTSE Brazil ETF | 17.6% | -56 bp | +1.1% |
| FLN | First Trust Latin America AlphaDEX Fund | 11.0% | +5 bp | -0.1% |
| FLLA | Franklin FTSE Latin America ETF | 10.3% | -56 bp | +0.2% |
Risk and Returns: BRAZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/11/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
10.2%
ALTAR SCORE™
84th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 196 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.9% and a standard deviation
of 2.3%. BRAZ's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places BRAZ in the 84th percentile
among funds in the category.
Sell-Side Consensus
$35.47
PRICE TARGET
+10.7%
UPSIDE
Bid/Ask Spreads
44 bp
AVG SPREAD
26 —
178 bp
RANGE