Global X Brazil Active ETF (BRAZ) Performance
BRAZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +34.4% since Dec 31, 2025
- 1 year
- +45.4% total return
- 3 years
- +17.9% a year
- Since first price
- +16.2% a year since 2023
BRAZ trailing returns vs SPY, QQQ, AGG
| Period | BRAZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +13.8% | +13.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +19.4% | +19.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.9% | +7.3% | +7.8% | +8.4% | −1.5% |
| YTD | +34.4% | +33.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +45.4% | +41.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +63.7%+17.9%/yr | +48.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 18, 2023 | +61.4%+16.2%/yr | +46.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BRAZ vs SPY
From Aug 18, 2023: BRAZ grew to $16,140, SPY to $18,117.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BRAZ returns by calendar year
1 of 2 full years positive. Best 2025 (+45.4%), worst 2024 (−29.7%). 2026 is year to date.
BRAZ annual returns table
| Year | BRAZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +34.4% | −19.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +45.4% | −13.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −29.7% | −30.0% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BRAZ largest drawdowns
Now 3.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 27, 2023 | −31.0% | Dec 18, 2024 | Nov 10, 2025 | 12 months | 1.9 years |
| Apr 14, 2026 | −19.6% | Jun 8, 2026 | Oct 5, 2026 | 55 days | 6 months |
| Feb 25, 2026 | −10.9% | Mar 20, 2026 | Apr 9, 2026 | 23 days | 43 days |
| Sep 14, 2023 | −10.5% | Oct 3, 2023 | Nov 10, 2023 | 19 days | 57 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BRAZ risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +11.9% | +11.0% |
| Volatility (annualized) | 23.2% | 23.0% |
| Sharpe ratio | 0.41 | 0.38 |
| Sortino ratio | 0.69 | 0.64 |
| Best month | +16.2% | +16.2% |
| Worst month | −9.2% | −9.2% |
| Best 12 months | +68.7% | +68.7% |
| Worst 12 months | −29.7% | −29.7% |
| Positive months | 53% | 51% |
| Beta vs S&P 500 | 0.37 | — |
| Correlation with S&P 500 | 0.20 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BRAZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 27 | −29.7% | +9.5% | +68.7% | 67% |
| 3-year (a year) | 3 | +10.3% | +11.9% | +18.0% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BRAZ performance overview
Global X Brazil Active ETF (BRAZ) returned +45.4% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +16.2% a year, turning $10,000 into about $16,140. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.0%, from Dec 27, 2023 to Dec 18, 2024, and it took 11 months to get back to the old high. Volatility has been 23.0% a year.
Related: BRAZ chart, BRAZ holdings, BRAZ dividends. See the BRAZ overview for the latest quote and fund facts.
BRAZ performance FAQ
What is the BRAZ return over the past year?
BRAZ returned +45.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 41.2%.
How much would $10,000 invested in BRAZ be worth?
$10,000 invested in BRAZ at its first recorded close on August 18, 2023 would be worth about $16,140 on October 23, 2026 with distributions reinvested.
What was the worst year for BRAZ?
The worst calendar year was 2024, with a total return of −29.7%. The best was 2025 at +45.4%.
What is the biggest drawdown of BRAZ?
The largest peak-to-trough decline was −31.0% between December 27, 2023 and December 18, 2024. It recovered to the old high on November 10, 2025, 11 months after the bottom.
How volatile is BRAZ?
Over the past 3 years BRAZ had an annualized volatility of 23.2% and a Sharpe ratio of 0.41 (excess return over 1–3 month T-bills per unit of risk).