BRAZIL Stock: iShares MSCI Brazil ETF Profile & Analysis (2026)
Direct exposure to the largest and most liquid Brazilian companies — Updated May 2026 with current AUM, expense ratio, holdings, and performance data.
The iShares MSCI Brazil ETF, known by its ticker BRAZIL, is a primary vehicle for international investors seeking targeted exposure to the Brazilian equity market. As the largest economy in South America, the brazil etf stock provides a liquid entry point into the country’s dominant sectors, including financial services, materials, and energy. Managed by BlackRock, this fund is designed to mirror the performance of large- and mid-cap companies, providing a representative slice of the B3 exchange in São Paulo.
Investors often utilize the BRAZIL ticker to capture the growth of regional champions like Vale and Petrobras. While the fund offers significant growth potential, it remains heavily influenced by commodity cycles and the fluctuations of the Brazilian real. For those looking at broader energy plays, comparing this fund to a list of micro cap oil stocks or looking into the list of publicly traded crude oil tanker companies can provide context on how Brazilian energy giants fit into the global supply chain.
Key Takeaways — BRAZIL Stock
The fund follows the MSCI Brazil 25/50 Index, which limits single-issuer weight to 25% to prevent extreme concentration in massive companies like Vale or Petrobras.
With nearly 40% of the portfolio in Materials and Energy, the fund acts as a proxy for global demand in iron ore and crude oil.
Returns are calculated in USD but based on BRL-denominated assets; thus, a strong US Dollar can erode gains even if the underlying stocks perform well.
Financials represent roughly a quarter of the fund, making the performance of major Brazilian banks a critical factor for investor success.
BRAZIL — Live Price Chart
Real-time chart from TradingView.
BRAZIL ETF Vitals & Key Statistics
Core data as of May 2026.
| Data Point | Value | Data Point | Value |
|---|---|---|---|
| Full Name | iShares MSCI Brazil ETF | Ticker | BRAZIL |
| Issuer | BlackRock (iShares) | Asset Class | Emerging Markets Equity |
| Index Tracked | MSCI Brazil 25/50 Index | Structure | Open-Ended Fund |
| Expense Ratio | 25% | AUM | $9.7B |
| Inception Date | July 10, 2000 | Exchange | AMEX |
| No. of Holdings | 55-61 | Dividend Yield | 25% |
| 52-Week High | $34.03 | 52-Week Low | $34.03 |
| Avg Daily Volume | 9.7B | YTD Return | 25% |
| 1-Year Return | 25% | 5-Year Return | 25% |
| Category | Latin America Stock | Dividend Frequency | Semi-Annual |
BRAZIL Top 10 Holdings (May 2026)
Largest positions by weight. Click columns to sort.
| Rank | Ticker | Company Name | Sector | Weight % |
|---|---|---|---|---|
| 1 | VALE | Vale S.A. | Materials | 11.22% |
| 2 | NU | Nu Holdings | Financials | 8.47% |
| 3 | ITUB | Itaú Unibanco Holding | Financials | 8.31% |
| 4 | PBR.A | Petróleo Brasileiro (Pref) | Energy | 7.05% |
| 5 | PBR | Petróleo Brasileiro (Ord) | Energy | 6.55% |
| 6 | B3SA3 | B3 S.A. Brasil Bolsa Balcão | Financials | 3.60% |
| 7 | WEG | WEG S.A. | Industrials | 2.86% |
| 8 | BBD | Banco Bradesco | Financials | 2.50% |
| 9 | ABEV | Ambev S.A. | Consumer Staples | 2.00% |
| 10 | XP | XP Inc. | Financials | 1.75% |
BRAZIL — Pros & Cons
✓ High Liquidity
The fund is one of the most liquid emerging market ETFs, allowing for easy entry and exit even for large institutional positions.
✗ Geographic Concentration
Being a single-country fund, investors are fully exposed to Brazilian political and economic volatility without regional diversification.
✓ Commodity Growth
Excellent way to play a global commodity super-cycle due to the heavy weighting of iron ore and oil producers.
✗ Currency Risk
The Brazilian real has historically been volatile; returns can be significantly impacted by foreign exchange movements.
✓ Tech Innovation
Recent inclusion of fintech giants like Nu Holdings provides exposure to a rapidly modernizing financial sector.
✗ High Costs
Compared to broad market domestic ETFs, single-country emerging market funds often carry higher expense ratios.
Who Should Consider BRAZIL?
Investors seeking a tactical “overweight” position in Latin America’s largest economy or those bullish on global commodity demand.
Conservative investors or those looking for low-volatility income, as Brazilian equities are prone to sharp price swings.
Emerging market valuations are low relative to developed markets and when the Brazilian central bank is in an easing cycle.
Tax-advantaged accounts may be beneficial given the high dividend yield, though foreign tax credits may also be applicable in taxable accounts.
BRAZIL vs Similar ETFs
Key metrics comparison.
| ETF | Full Name | Expense Ratio | AUM | Holdings | Div Yield | YTD | Best For |
|---|---|---|---|---|---|---|---|
| BRAZIL ★ | iShares MSCI Brazil ETF | 25% | $9.7B | 55-61 | 25% | 25% | Liquidity & Scale |
| FLBR | Franklin FTSE Brazil ETF | 0.19% | $1.1B | 90+ | ~6% | ~24% | Low-Cost Core |
| BRF | VanEck Brazil Small Cap | 0.60% | $150M | 60+ | ~3% | ~15% | Small-Cap Growth |
| EWZS | iShares Brazil Small-Cap | 0.59% | $100M | 90+ | ~4% | ~16% | BlackRock Quality |
BRAZIL Technical Analysis
Real-time buy/sell signals.
BRAZIL — Risks & Considerations
Political Instability
Brazil’s political landscape can shift rapidly, impacting state-owned enterprises like Petrobras and leading to market-wide sell-offs.
Commodity Cycle Dependency
A significant drop in global iron ore or oil prices directly impacts the fund’s largest holdings, particularly Vale and Petrobras.
Inflation and Interest Rates
Brazilian financial markets are sensitive to domestic inflation rates, which often dictate aggressive central bank policy changes.
Concentration Risk
While capped, the top 5 holdings still represent a massive portion of the fund’s daily performance, creating single-stock risk.