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Global X Brazil Active (BRAZ)Overvalued or undervalued?
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 | 15.5 % | +12.6 % | 62 |
| Itau Unibanco Banco Holding SA ITUB | 11.4 % | −23.9 % | 62 |
| Nu Holdings Ltd NU | 10.4 % | −65.1 % | 65 |
| Vale SA ADR VALE | 6.4 % | n/a | n/a |
| Banco BTG Pactual S.A. BPAC11 | 5.9 % | −23.0 % | 40 |
| Banco Bradesco SA ADR BBD | 5.0 % | n/a | n/a |
| Itaúsa - Investimentos Itaú SA ITSA4 | 5.0 % | n/a | n/a |
| B3 S.A. - Brasil Bolsa Balcão B3SA3 | 4.4 % | −68.2 % | 64 |
| Centrais Electricas Brasileiras SA EBR | 4.2 % | n/a | n/a |
| Companhia Paranaense de Energia - COPEL ELPC | 4.0 % | n/a | n/a |
| WEG S.A. WEGE3 | 3.6 % | −46.0 % | 66 |
| Xp Inc XP | 2.7 % | −75.4 % | 57 |
| Raia Drogasil S.A RADL3 | 2.3 % | +1.0 % | 47 |
| Embraer SA ADR ERJ | 2.2 % | n/a | n/a |
| Localiza Rent a Car S.A RENT3 | 2.0 % | +0.6 % | 48 |
| Equatorial Energia S.A EQTL3 | 2.0 % | −40.1 % | 35 |
| Petro Rio S.A. PRIO3 | 2.0 % | −56.7 % | 39 |
| Ero Copper Corp ERO | 1.8 % | n/a | n/a |
| Direcional Engenharia S.A. DIRR3 | 1.3 % | +67.2 % | 49 |
| Vibra Energia S.A. VBBR3 | 1.2 % | +0.7 % | 41 |
| Multiplan Empreendimentos Imobiliários S.A MULT3 | 1.0 % | −4.6 % | 68 |
| Aura Minerals Inc ORA | 0.9 % | n/a | n/a |
| Wheaton Precious Metals Corp WPM | 0.8 % | n/a | n/a |
| MercadoLibre Inc. MELI | 0.5 % | +11.0 % | 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 +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about BRAZ
Is BRAZ overvalued?
What is the fair value of BRAZ?
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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: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.