BRF
VanEck Brazil Small-Cap ETF
VanEck Vectors Brazil Small-Cap ETF objective is replicate as closely as possible the price and yield performance of the VanEck Vectors Brazil Small-Cap Index. The Fund invests in in securitie
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 25.2 M
ASSETS UNDER MGMT
66 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | May 12, 2009 |
| Assets (mns) | $25 |
| Expense ratio | 66 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ERO COPPER CORP | 5.1 % |
| CIA SANEAMENTO MINAS GERAIS | 4.2 % |
| CYRELA BRAZIL REALTY | 3.7 % |
| ALUPAR INVESTIMENTO SA-UNIT | 3.5 % |
| CIA DE SANEAMENTO DO PARANA SA - SANEPAR | 3.3 % |
| COGNA EDUCACAO S.A. | 3.0 % |
| IGUATEMI SA UNITS CONS OF 1 SH + 2 PFD S | 2.9 % |
| CURY CONSTRUTORA E INCORPORADORA SA | 2.5 % |
| BRAVA ENERGIA | 2.5 % |
| FLEURY SA | 2.3 % |
Constituent Breakdown
| Number of holdings | 96 |
| Herfindahl-Hirschman Index | 193 |
| Wgt avg mkt cap (mns) | $1,080 |
| Large cap (>$10bn) | 9.5% |
| Mid cap ($2-10bn) | 75.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 3.3% |
| Emerging mkts. | 82.4% |
Country Exposure
 |
BRAZIL | 80.4 % |
 |
URUGUAY | 2.0 % |
 |
ISRAEL | 1.5 % |
 |
AUSTRALIA | 1.3 % |
Historical Performance
Standardized Performance (as of 01/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.4% | 50.4% | 6.4% | 7.6% | -1.3% | 6.8% | -- | -1.7% |
| Dividend Yield | 0.0% | 8.6% | 5.1% | 5.3% | 4.4% | 4.2% | -- | 4.2% |
| Total Returns | 15.4% | 59.0% | 11.6% | 12.9% | 3.1% | 11.0% | -- | 2.6% | Ann. Volatility | 29.9% | 26.4% | 27.2% | 27.7% | 31.4% | 34.1% | -- | 32.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 23% |
| MSCI EAFE | 0.94 | 35% |
| MSCI Emg Mkts | 0.85 | 33% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.85% |
Technical Indicators
| 30d moving avg. (EMA) | $17.67 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.64/0.63 |
| Bollinger Bands (Upper/Lower) | $19.84/$16.05 |
| Short interest (% of AUM) | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BRF |
Expenses vs. BRF |
ALTAR Score™ vs. BRF |
|---|---|---|---|---|
| EWZS | iShares MSCI Brazil Small-Cap ETF | 44.8% | -7 bp | -0.2% |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | 12.0% | +14 bp | +1.6% |
Risk and Returns: BRF 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 2/14/2026
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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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
BRF
10.5%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 193 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.2%. BRF's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places BRF in the 92nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BRFSELL
U/W
HOLD
O/W
BUY