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ETFs

Direxion Daily MSCI Brazil Bull 2X Shares

BRZU
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 10 2013
Expense Ratio
0.92%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$5,796,334
AUM
$112,810,707
Associated Index
MSCI Brazil 25/50 Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

EWZ
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF
20.04%
n/a
DREYFUS GOVT CASH MAN INS
11.32%
n/a
GOLDMAN FINL SQ TRSRY INST 506
8.85%
n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
0.00%
Invest with BRZU

What is BRZU?

The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Brazil 25/50 Index. The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange traded funds.

ETFs related toBRZU

ETFs correlated to BRZU include EWZ, ILF, EWZS

BRZU
Direxion Shares ETF Trust - Direxion Daily MSCI Brazil Bull 2X Shares
EWZ
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF
ILF
BlackRock Institutional Trust Company N.A. - iShares Latin America 40 ETF
EWZS
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil Small-Cap ETF
DVYE
BlackRock Institutional Trust Company N.A. - iShares Emerging Markets Dividend ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
ARGT
Global X Funds - Global X MSCI Argentina ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
STXE
EA Series Trust - Strive Emerging Markets Ex-China ETF
SLX
VanEck ETF Trust - VanEck Steel ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBRZU

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BRZU using Composer

FAQ

BRZU is a Global Ex. US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Brazil 25/50 Index. The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange traded funds.

BRZU tracks the MSCI Brazil 25/50 Index.

No, BRZU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BRZU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BRZU is -0.0451%. This is the percent change in the value of BRZU over the most recent 1-month period. The 3-month return on BRZU is -0.1243%. This is the percent change in the value of BRZU over the most recent 3-month period.

The standard deviation of BRZU for the past year is 0.6426%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BRZU include BZQ, UBR, and SSO.

ETFs correlated to BRZU include EWZ, ILF, and EWZS.

ETFs that are inversely correlated to BRZU include EDZ, ERY, and OILD.

Yes, BRZU is a Leveraged (2x) ETF: This means that BRZU will try to match the performance of MSCI Brazil 25/50 Index, but with 2x the returns.

Yes, BRZU is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI Brazil 25/50 Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.