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This ETF offers exposure to large cap Brazilian equities, but is unique from many other ETFs covering this asset class in that DBBR hedges out the currency exposure that typically comes along with any investment in international equities. In addition to establishing a long position in Brazilian stocks, investors using a Brazil ETF such as EWZ are also effectively long the real and short the U.S. dollar. DBBR uses short term forward contracts to hedge out this currency exposure, essentially isolating movements in the local prices of the underlying stocks as the sole drivers of performance. The impact of exchange rate fluctuations can be considerable in some instances; though DBBR and EWZ maintain substantially identical portfolios, the risk/return profiles of these products may vary significantly. Investors expecting the dollar to appreciate relative to the Brazilian currency may find DBBR to be a preferred tool for establishing exposure to the country's stock markets; those with a more bearish take on the greenback may prefer to access this market through EWZ, which will benefit from dollar weakness. Those investors without a strong view in either direction might use a mix of both hedged and unhedged Brazilian equity ETFs. Given the relatively narrow focus of this fund, DBBR may be most appealing to those investors looking to establish a tactical tilt towards Brazil or implementing a country rotation strategy. Those seeking more broad-based, currency hedged exposure to emerging markets may prefer DBEM. When considering options for Brazil exposure, note that this ETF (along with EWZ) give substantial allocations to a few mega cap companies, and maintain heavy tilts towards a few sectors of the Brazilian economy. Those seeking more balanced access may prefer FBZ.
The adjacent table gives investors an individual Realtime Rating for DBBR on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Latin America Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Developed Markets (ex-US)||14.08%|
This ETF is currently available for commission free trading on the following platforms: (E*TRADE)
There are 7 other ETFs in the Latin America Equities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of DBBR relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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