Summary
Global X - Brazil Active ETF is an ETF - a fund traded on an exchange like a stock - run by Global X. Positions inside: 29. The ten largest make up 73% of the fund.
- Yearly costs
- 0.75%
- Fund size
- $11.9M
- Positions
- 29
- Dividend yield
- 2.19%
- Running since
- 2023
What speaks for it
- Average yearly growth over the last three years: 13%.
What to watch
- The ten largest positions make up 73% of the fund, so its result rests on a few names.
- 44% of the fund is in one sector (Financials).
- 91% of the fund is in one country (Brazil).
- Costs of 0.75% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 34% from its high.
- A small fund with $11.9M under management; small funds get closed more often.
- It trades little: only about $32.8K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +15%
- 3 months
- +21%
- This year
- +34%
- 1 year
- +41%
- 3 years
- +46%
- Avg. market cap
- $64.4B
- P/E
- 10.7x
- Forward P/E
- 9.2x
- P/S
- 1.3x
- P/B
- 2.0x
- P/FCF
- 6.4x
- EV/EBITDA
- 5.7x
- Dividend yield
- 3.75%
- ROIC
- 11.6%
- ROE
- 23.4%
- Gross margin
- 38.6%
- Operating margin
- 24.5%
- Net margin
- 27.6%
- Payout ratio
- 40.3%
- Net debt/EBITDA
- 1.6x
- Beta
- 0.40
Weighted average of the 26 largest companies, which make up 99% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 PBPetróleo Brasileiro PBR 17%
- 2 ITItaú Unibanco Holding S.A. ITUB 11%
- 3 NUNu NU 10%
- 4 VAVale VALE 6.7%
- 5 BPBanco BTG Pactual S.A. BPAC11.SA 5.9%
- 6 ITItaúsa S.A. ITSA4.SA 4.8%
- 7 BBBanco Bradesco BBD 4.6%
- 8 B3B3 S.A. - Brasil, Bolsa, Balcão B3SA3.SA 4.4%
- 9 AXAXIA Energia S.A. AXIAY 4.2%
- 10 ELCompanhia Paranaense de Energia ELPC 4.0%
Positions in the fund: 29. The ten largest make up 73% of it.
Composition as of Oct 13, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 44%
- Energy 19%
- Utilities 10%
- Basic materials 10%
- Industrials 8.0%
- Other 8.9%
By country
- Brazil 91%
- Cayman Islands 2.9%
- Canada 2.5%
- Netherlands 1.2%
- Other countries 2.0%
By company size
- Large cap 87%
- Mid cap 11%
- Small cap 2.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Financials (44%). Largest country: Brazil (91%). Largest size group: Large cap (87%).
What does it cost me?
Expensive- A year from $10,000
- $75.00
- Over 20 years
- $3,544
From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.
How has it done?
Growing over the long run- A year on average, 3 years
- +13%
- Deepest drop
- -34%
- Yearly volatility
- 29%
Average yearly growth over the last three years: 13%. Deepest drop in these years: 34% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.19%
- Payments a year
- 2
- Last payment
- $0.15
Over the last 12 months it paid $0.80 per share, which is 2.19% of today's price. The last payment was $0.15 on Jun 29, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $32.8K
- Shares a day
- 903
On an average day about $32.8K of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 10.7
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 35%
- Fairly valued 34%
- Overvalued 31%
On average the companies inside trade for 10.7 times their yearly profit.
Counted from its largest companies (26), which make up 99% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FL FLXB.DE Franklin FTSE Brazil UCITS ETF USD | Ireland | 0.19% | $74.2M | +53% | Reinvests | 50% |
IL ILF iShares Latin America 40 ETF | United States | 0.47% | $2.56B | +32% | Pays out | 41% |
10 105010.KS TIGER Latin | South Korea | 0.49% | $7.40M | +25% | Pays out | 36% |
IQ IQQB.DE iShares MSCI Brazil UCITS ETF USD (Dist) | Ireland | 0.74% | $580.9M | +43% | Pays out | 32% |
IB IBZL.MI iShares MSCI Brazil UCITS ETF USD (Dist) | Ireland | 0.74% | $582.6M | +43% | Pays out | 32% |
4B 4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) | Germany | 0.27% | $3.69B | +45% | Reinvests | 32% |