Summary
iShares MSCI Brazil ETF is an ETF - a fund traded on an exchange like a stock - run by IShares. Positions inside: 52. The ten largest make up 57% of the fund.
- Yearly costs
- 0.59%
- Fund size
- $13.8B
- Positions
- 52
- Dividend yield
- 3.24%
- Running since
- 2000
What speaks for it
- A large fund with $13.8B under management.
- Easy to buy and sell: about $1.13B changes hands a day.
- It has been running since 2000.
What to watch
- The ten largest positions make up 57% of the fund, so its result rests on a few names.
- 96% of the fund is in one country (Brazil).
- Costs of 0.59% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 47% from its high.
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
- +14%
- 3 months
- +18%
- This year
- +34%
- 1 year
- +40%
- 3 years
- +43%
- 5 years
- +41%
- 10 years
- +13%
- Avg. market cap
- $59.1B
- P/E
- 11.4x
- Forward P/E
- 10.3x
- P/S
- 1.2x
- P/B
- 1.9x
- P/FCF
- 5.6x
- EV/EBITDA
- 6.6x
- Dividend yield
- 4.01%
- ROIC
- -99.8%
- ROE
- 21.1%
- Gross margin
- 35.8%
- Operating margin
- 25.5%
- Net margin
- 23.0%
- Payout ratio
- 45.6%
- Net debt/EBITDA
- 2.0x
- Beta
- 0.92
Weighted average of the 45 largest companies, which make up 98% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 ITItaú Unibanco Holding S.A. ITUB4.SA 8.4%
- 2 NUNu NU 8.3%
- 3 PEPetróleo Brasileiro S.A. - Petrobras PETR4.SA 8.0%
- 4 VAVale S.A. VALE3.SA 7.7%
- 5 PEPetróleo Brasileiro S.A. - Petrobras PETR3.SA 7.6%
- 6 B3B3 S.A. - Brasil, Bolsa, Balcão B3SA3.SA 4.1%
- 7 BBBanco Bradesco S.A. BBDC4.SA 3.9%
- 8 BPBanco BTG Pactual S.A. BPAC11.SA 3.3%
- 9 AXAXIA Energia AXIA3.SA 3.1%
- 10 WEWEG WEGE3.SA 2.9%
Positions in the fund: 52. The ten largest make up 57% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Energy 18%
- Utilities 13%
- Industrials 8.6%
- Other 61%
By country
- Brazil 96%
- United States 2.0%
- Netherlands 0.9%
- Other countries 1.1%
By company size
- Large cap 89%
- Mid cap 11%
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: Energy (18%). Largest country: Brazil (96%). Largest size group: Large cap (89%).
What does it cost me?
Expensive- A year from $10,000
- $59.00
- Over 20 years
- $2,828
From every $10,000 invested the fund takes $59.00 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 $2,828.
How has it done?
Growing slowly- A year on average, 10 years
- +1.2%
- Deepest drop
- -47%
- Yearly volatility
- 29%
Average yearly growth over the last ten years: 1.2%. Deepest drop in these years: 47% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.24%
- Payments a year
- 2
- Last payment
- $0.33
Over the last 12 months it paid $1.36 per share, which is 3.24% of today's price. The last payment was $0.33 on Jun 15, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $1.13B
- Shares a day
- 27M
On an average day about $1.13B of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 11.4
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 39%
- Fairly valued 15%
- Overvalued 46%
On average the companies inside trade for 11.4 times their yearly profit. By Fair Price, 46% of the rated weight comes out as overvalued.
Counted from its largest companies (45), which make up 98% 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 | ||
|---|---|---|---|---|---|---|
IQ IQQB.DE iShares MSCI Brazil UCITS ETF USD (Dist) | Ireland | 0.74% | $581.7M | +46% | Pays out | 93% |
IB IBZL.MI iShares MSCI Brazil UCITS ETF USD (Dist) | Ireland | 0.74% | $579.9M | +46% | Pays out | 93% |
4B 4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) | Germany | 0.27% | $3.67B | +48% | Reinvests | 93% |
FL FLBR Franklin FTSE Brazil ETF | United States | 0.19% | $296.6M | +43% | Pays out | 84% |
NB NBOV11.SA Nu Ibovespa B3 BR+ ETF | Brazil | 0.10% | $4.08M | +28% | Reinvests | 68% |
FL FLLA Franklin FTSE Latin America ETF | United States | 0.19% | $48.0M | +32% | Pays out | 57% |