Direxion Daily MSCI Brazil Bull 2X Shares (BRZU) Performance
BRZU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +63.5% since Dec 31, 2025
- 1 year
- +87.0% total return
- 5 years
- +18.3% a year
- 10 years
- −20.3% a year
- Since first price
- −28.0% a year since 2013
BRZU trailing returns vs SPY, QQQ, AGG
| Period | BRZU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +27.0% | +27.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +33.2% | +32.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.6% | +6.9% | +7.8% | +8.4% | −1.5% |
| YTD | +63.5% | +61.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +87.0% | +82.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +100.6%+26.1%/yr | +77.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +132.0%+18.3%/yr | +82.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −89.6%−20.3%/yr | −92.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionApr 10, 2013 | −98.8%−28.0%/yr | −99.1% | — | — | — |
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: BRZU vs SPY
From Apr 10, 2013: BRZU grew to $117, SPY to $60,194.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BRZU returns by calendar year
6 of 12 full years positive. Best 2016 (+167.0%), worst 2020 (−91.3%). 2026 is year to date.
BRZU annual returns table
| Year | BRZU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +63.5% | −36.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +98.0% | −25.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −57.1% | −56.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +55.5% | −33.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +8.3% | −55.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −39.2% | −56.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −91.3% | −97.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +57.0% | −51.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −37.2% | −77.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +30.8% | −55.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +167.0% | −50.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −86.8% | −87.9% | +1.2% | +9.4% | +0.5% |
| 2014 | −56.5% | −79.8% | +13.5% | +19.2% | +6.0% |
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.
BRZU largest drawdowns
Now 98.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 10, 2013 | −99.7% | Mar 23, 2020 | not yet | 7.0 years | 13.5 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BRZU risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +13.7% | +9.4% | −19.6% | −28.9% |
| Volatility (annualized) | 47.4% | 52.5% | 75.7% | 84.5% |
| Sharpe ratio | 0.40 | 0.36 | 0.20 | 0.08 |
| Sortino ratio | 0.71 | 0.58 | 0.30 | 0.13 |
| Best month | +34.2% | +34.2% | +62.8% | +94.0% |
| Worst month | −19.0% | −34.7% | −92.2% | −92.2% |
| Best 12 months | +155.1% | +155.1% | +155.1% | +336.3% |
| Worst 12 months | −57.1% | −57.1% | −94.5% | −94.5% |
| Positive months | 50% | 52% | 49% | 48% |
| Beta vs S&P 500 | 0.59 | 1.14 | 1.87 | — |
| Correlation with S&P 500 | 0.15 | 0.34 | 0.38 | — |
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.
BRZU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 151 | −94.5% | −7.4% | +336.3% | 45% |
| 3-year (a year) | 127 | −66.3% | −15.6% | +62.3% | 33% |
| 5-year (a year) | 103 | −53.4% | −35.4% | +19.6% | 17% |
| 10-year (a year) | 43 | −40.1% | −31.4% | −7.9% | 0% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
BRZU performance overview
Direxion Daily MSCI Brazil Bull 2X Shares (BRZU) returned +87.0% over the past year and −20.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned −28.0% a year, turning $10,000 into about $117. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.7%, from Apr 10, 2013 to Mar 23, 2020; the fund has not yet regained that high. BRZU finished 6 of its 12 full calendar years with a gain; the best year was 2016 (+167.0%) and the worst 2020 (−91.3%). Volatility has been 84.5% a year.
Related: BRZU chart, BRZU dividends. See the BRZU overview for the latest quote and fund facts.
BRZU performance FAQ
What is the BRZU return over the past year?
BRZU returned +87.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 82.5%.
What is the average annual return of BRZU?
BRZU has returned +18.3% a year over 5 years, −20.3% a year over 10 years, −28.0% a year since April 10, 2013 (total return, distributions reinvested).
How much would $10,000 invested in BRZU be worth?
$10,000 invested in BRZU at its first recorded close on April 10, 2013 would be worth about $117 on October 23, 2026 with distributions reinvested.
What was the worst year for BRZU?
The worst calendar year was 2020, with a total return of −91.3%. The best was 2016 at +167.0%.
What is the biggest drawdown of BRZU?
The largest peak-to-trough decline was −99.7% between April 10, 2013 and March 23, 2020. It has not yet recovered to that high; it is 98.8% below its peak.
How volatile is BRZU?
Over the past 3 years BRZU had an annualized volatility of 47.4% and a Sharpe ratio of 0.40 (excess return over 1–3 month T-bills per unit of risk).