BRAZ vs QQQ
Global X Brazil Active ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. BRAZ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | BRAZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $10M | $455.8B | |
| Dividend Yield | 2.72% | 0.41% | |
| Holdings | 31 | 108 | |
| YTD Return | +7.18% | +17.46% | |
| 1Y Return | +28.73% | +26.02% | |
| 3Y Return (annualized) | +9.16% | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 23.6% | 30.6% | |
| Max Drawdown | -31.0% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 16, 2023 | Mar 10, 1999 |
BRAZ vs QQQ Performance
Global X Brazil Active ETF (BRAZ) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BRAZ returned +28.73% while QQQ returned +26.02%. Year to date, BRAZ is up 7.18% versus a gain of 17.46% for QQQ.
Over three years, BRAZ compounded at +9.16% per year against +25.51% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.08% annualized vs +9.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 23.6% for BRAZ. 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 -83.0% for QQQ. 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 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BRAZ charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, BRAZ currently yields 2.72% against 0.41% for QQQ.
Holdings Overlap
BRAZ and QQQ share 1 holdings out of 130 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BRAZ | Weight in QQQ | Difference |
|---|---|---|---|
| MELI | 1.33% | 0.42% | 0.91% |
Frequently Asked Questions
Which is cheaper, BRAZ or QQQ?
BRAZ has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, BRAZ or QQQ?
Over the past year BRAZ returned +28.73% vs +26.02% for QQQ, so BRAZ leads on 1-year performance. Over the longest common window we track (3 years), BRAZ annualized +9.16% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, BRAZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 23.6% for BRAZ. Worst drawdown: BRAZ -31.0% vs QQQ -83.0%.
Should I hold both BRAZ and QQQ?
BRAZ and QQQ have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BRAZ and QQQ?
BRAZ and QQQ share 1 common holdings with a 0.4% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, BRAZ or QQQ?
BRAZ yields 2.72% while QQQ yields 0.41%, so BRAZ currently pays the higher dividend yield.
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