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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 | 15.3 % | +37.0 % | 65 |
| Nu Holdings Ltd NU | 11.8 % | −55.1 % | 62 |
| Itau Unibanco Banco Holding SA ITUB | 11.4 % | +101.7 % | 56 |
| Vale SA ADR VALE | 7.4 % | n/a | n/a |
| Banco BTG Pactual S.A. BPAC11 | 5.0 % | n/a | n/a |
| Itaúsa - Investimentos Itaú SA ITSA4 | 4.7 % | n/a | n/a |
| Centrais Electricas Brasileiras SA EBR | 4.4 % | n/a | n/a |
| Banco Bradesco SA ADR BBD | 4.4 % | n/a | n/a |
| WEG S.A. WEGE3 | 4.1 % | n/a | n/a |
| Companhia Paranaense de Energia - COPEL ELPC | 4.1 % | −39.4 % | 55 |
| B3 S.A. - Brasil Bolsa Balcão B3SA3 | 3.8 % | −43.0 % | 63 |
| Ero Copper Corp ERO | 3.1 % | n/a | n/a |
| Raia Drogasil S.A RADL3 | 2.4 % | n/a | n/a |
| Embraer SA ADR ERJ | 2.4 % | n/a | n/a |
| Petro Rio S.A. PRIO3 | 2.1 % | n/a | n/a |
| Aura Minerals Inc ORA | 1.8 % | n/a | n/a |
| Equatorial Energia S.A EQTL3 | 1.8 % | n/a | n/a |
| Localiza Rent a Car S.A RENT3 | 1.6 % | n/a | n/a |
| MercadoLibre Inc. MELI | 1.5 % | −57.4 % | 59 |
| Wheaton Precious Metals Corp WPM | 1.5 % | n/a | n/a |
| Direcional Engenharia S.A. DIRR3 | 1.5 % | +82.2 % | 47 |
| Vibra Energia S.A. VBBR3 | 1.3 % | n/a | n/a |
| Multiplan Empreendimentos Imobiliários S.A MULT3 | 0.9 % | +21.4 % | 70 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 23 largest of 23 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 CHIQ Global X MSCI China Consumer Disc ETF +66.3 % below FV
- 2 CHIU Global X MSCI China Utilities ETF +63.9 % below FV
- 3 FXI iShares China Large-Cap ETF +58.8 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +38.6 % below FV
- 5 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +33.7 % below FV
- 6 MCHI iShares MSCI China ETF +30.6 % below FV
- 7 ITB iShares U.S. Home Construction ETF +21.3 % below FV
- 8 TAN Invesco Solar ETF +17.1 % below FV
- 9 BRAZ Global X Brazil Active ETF +16.0 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +9.3 % 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: Sep 11, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.