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Global X Brazil Active (BRAZ)
Look-through valuation · Global · ISIN US37960A5609
Price history (since 2023)
Monthly close since 2023. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Petroleo Brasileiro Petrobras SA ADR PBR | 15.3 % | +35.6 % | 65 |
| Itau Unibanco Banco Holding SA ITUB | 10.7 % | −11.4 % | 56 |
| Nu Holdings Ltd NU | 10.6 % | −60.2 % | 62 |
| Vale SA ADR VALE | 7.3 % | n/a | n/a |
| Banco BTG Pactual S.A. BPAC11 | 5.3 % | n/a | n/a |
| Itaúsa - Investimentos Itaú SA ITSA4 | 4.8 % | n/a | n/a |
| Centrais Electricas Brasileiras SA EBR | 4.5 % | n/a | n/a |
| Banco Bradesco SA ADR BBD | 4.5 % | n/a | n/a |
| Companhia Paranaense de Energia - COPEL ELPC | 4.2 % | −40.9 % | 55 |
| WEG S.A. WEGE3 | 4.0 % | n/a | n/a |
| B3 S.A. - Brasil Bolsa Balcão B3SA3 | 3.9 % | −60.0 % | 63 |
| Embraer SA ADR ERJ | 2.5 % | n/a | n/a |
| Raia Drogasil S.A RADL3 | 2.4 % | n/a | n/a |
| Xp Inc XP | 2.2 % | −65.0 % | 57 |
| Petro Rio S.A. PRIO3 | 2.1 % | n/a | n/a |
| Ero Copper Corp ERO | 2.0 % | n/a | n/a |
| Equatorial Energia S.A EQTL3 | 1.8 % | n/a | n/a |
| Localiza Rent a Car S.A RENT3 | 1.7 % | n/a | n/a |
| Vibra Energia S.A. VBBR3 | 1.4 % | n/a | n/a |
| Direcional Engenharia S.A. DIRR3 | 1.3 % | +101.5 % | 47 |
| Aura Minerals Inc ORA | 1.1 % | n/a | n/a |
| Wheaton Precious Metals Corp WPM | 1.0 % | n/a | n/a |
| Multiplan Empreendimentos Imobiliários S.A MULT3 | 1.0 % | +15.3 % | 70 |
| MercadoLibre Inc. MELI | 0.5 % | +10.0 % | 59 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 24 largest of 24 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about BRAZ
Is BRAZ overvalued?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of BRAZ?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Brazil Active ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.