BRAZ vs IVV
Global X Brazil Active ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. BRAZ delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BRAZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $10M | $865.2B | |
| Dividend Yield | 2.72% | 1.09% | |
| Holdings | 31 | 508 | |
| YTD Return | +10.83% | +13.80% | |
| 1Y Return | +33.12% | +23.01% | |
| 3Y Return (annualized) | +10.40% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 23.3% | 15.1% | |
| Max Drawdown | -31.0% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 16, 2023 | May 15, 2000 |
BRAZ vs IVV Performance
Global X Brazil Active ETF (BRAZ) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BRAZ returned +33.12% while IVV returned +23.01%. Year to date, BRAZ is up 10.83% versus a gain of 13.80% for IVV.
Over three years, BRAZ compounded at +10.40% per year against +21.77% for IVV. Across the full 3-year window we track, BRAZ has the edge at +10.40% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BRAZ has been the more volatile fund, with annualized monthly volatility of 23.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.0% for BRAZ and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BRAZ charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, BRAZ currently yields 2.72% against 1.09% for IVV.
Holdings Overlap
BRAZ and IVV share 0 holdings out of 533 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BRAZ or IVV?
BRAZ has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, BRAZ or IVV?
Over the past year BRAZ returned +33.12% vs +23.01% for IVV, so BRAZ leads on 1-year performance. Over the longest common window we track (3 years), BRAZ annualized +10.40% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BRAZ or IVV?
BRAZ has been the more volatile fund at 23.3% annualized versus 15.1% for IVV. Worst drawdown: BRAZ -31.0% vs IVV -56.5%.
Should I hold both BRAZ and IVV?
BRAZ and IVV have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BRAZ and IVV?
BRAZ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, BRAZ or IVV?
BRAZ yields 2.72% while IVV yields 1.09%, so BRAZ currently pays the higher dividend yield.
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