BRAZ vs VOO
Global X Brazil Active ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. BRAZ delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BRAZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $10M | $979.0B | |
| Dividend Yield | 2.72% | 1.09% | |
| Holdings | 31 | 509 | |
| YTD Return | +10.94% | +13.80% | |
| 1Y Return | +30.91% | +23.71% | |
| 3Y Return (annualized) | +10.47% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 23.3% | 14.1% | |
| Max Drawdown | -31.0% | -34.3% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 16, 2023 | Sep 7, 2010 |
BRAZ vs VOO Performance
Global X Brazil Active ETF (BRAZ) is a ETF from Global X by mirae Asset and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BRAZ returned +30.91% while VOO returned +23.71%. Year to date, BRAZ is up 10.94% versus a gain of 13.80% for VOO.
Over three years, BRAZ compounded at +10.47% per year against +21.50% for VOO. Across the full 3-year window we track, VOO has the edge at +13.58% annualized vs +10.47%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BRAZ charges 0.75% per year while VOO 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 VOO.
Holdings Overlap
BRAZ and VOO 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 VOO?
BRAZ has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, BRAZ or VOO?
Over the past year BRAZ returned +30.91% vs +23.71% for VOO, so BRAZ leads on 1-year performance. Over the longest common window we track (3 years), BRAZ annualized +10.47% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, BRAZ or VOO?
BRAZ has been the more volatile fund at 23.3% annualized versus 14.1% for VOO. Worst drawdown: BRAZ -31.0% vs VOO -34.3%.
Should I hold both BRAZ and VOO?
BRAZ and VOO have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BRAZ and VOO?
BRAZ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, BRAZ or VOO?
BRAZ yields 2.72% while VOO yields 1.09%, so BRAZ currently pays the higher dividend yield.
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