DE000A0Q4R85Ticker: 4BRZIssuer: iSharesOne email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.
iShares MSCI Brazil UCITS ETF (DE) tracks the issuer-declared index: MSCI Emerging - Brazil Net USD Index (USD). The declared annual cost (TER) is 0.27%, plus 0.02% in transaction costs estimated by the issuer in the KID. Replication is full physical replication (declared as “Replica” by the issuer); income is accumulated and reinvested in the fund. The fund has assets of about 4 billion euro, was launched on 24 October 2018 and is domiciled in Germany. In our registry it is the largest by assets among the 2 ETFs declaring the same index.
iShares MSCI Brazil UCITS ETF (DE) (the “Fund”) is a passively managed exchange traded fund (ETF) that aims to track the performance of the MSCI Brazil Index Net USD as closely as possible. In this regard, it aims to replicate the benchmark (Index). The Index measures the performance of large and mid-market capitalisation companies in the Brazilian equity market which comply with MSCI's size, liquidity, and freefloat criteria.
Keep reading the KID section ▾
Companies are included in the Index based on a free float – adjusted market capitalisation weighted basis. Free float means that only shares available to international investors rather than all of a company’s issued shares are used in calculating the Index. Free float – adjusted market capitalisation is the share price of a company multiplied by the number of shares available to international investors. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Index is a net total return index which means that the net dividends of the constituents of the Index are reinvested after the deduction of certain applicable taxes. The Index is reviewed quarterly and rebalanced semiannually. The proportion of assets in the Fund which matches the weighting of the Index (duplication percentage) is at least 95% of the Fund's assets. It is not the Investment Manager’s intention to leverage the Fund. However, the Fund may generate minimal amounts of leverage from time to time, for example, if using financial derivative instruments (FDIs) for efficient portfolio management purposes. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index. The units in the Fund are accumulating units. Income from the Fund’s investments will be included in the value of the units rather than being paid out as a dividend. The Fund units are denominated in US Dollar. The Fund is listed on one or more Stock Exchange(s). Investors can buy or sell their participation in the Fund daily during business hours through an intermediary on such Stock Exchange(s). Indicative net asset value is published on relevant stock exchanges websites.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 02 Jan 2020 | 23 Mar 2020 | -57.23% | 11 Nov 2025 | 2,140 |
| 14 Apr 2026 | 08 Jun 2026 | -19.19% | ongoing | 147 |
| 04 Feb 2019 | 17 May 2019 | -18.15% | 04 Jul 2019 | 150 |
| 10 Jul 2019 | 26 Aug 2019 | -16.88% | 18 Dec 2019 | 161 |
| 25 Feb 2026 | 20 Mar 2026 | -10.36% | 08 Apr 2026 | 42 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.7 | 3.9 | -1.9 | 4.0 | -9.2 | -3.0 | 6.3 | -1.4 | 7.3 | 22.6 | |||
| 2025 | 12.4 | -4.8 | 6.5 | 5.0 | 0.0 | 7.7 | -6.9 | 10.2 | 5.4 | 0.6 | 7.7 | -1.3 | 49.0 |
| 2024 | -5.9 | 0.2 | -1.8 | -4.1 | -5.1 | -3.8 | 1.2 | 6.7 | -0.9 | -5.6 | -7.1 | -8.2 | -30.2 |
| 2023 | 6.9 | -9.2 | -0.3 | 3.3 | 0.6 | 16.0 | 4.8 | -8.4 | 0.2 | -3.8 | 14.2 | 7.2 | 32.2 |
| 2022 | 13.0 | 4.7 | 14.8 | -13.7 | 8.3 | -19.3 | 5.4 | 6.4 | -3.4 | 8.6 | -2.9 | -3.0 | 13.5 |
| 2021 | -7.9 | -6.3 | 4.2 | 6.4 | 9.6 | 5.3 | -6.2 | -2.3 | -13.1 | -9.1 | -1.5 | 4.3 | -17.8 |
| 2020 | -7.6 | -13.1 | -38.3 | 5.3 | 8.4 | 7.4 | 14.2 | -8.9 | -7.1 | -2.6 | 23.7 | 13.6 | -19.7 |
| 2019 | 17.4 | -4.5 | -3.9 | -0.8 | 1.7 | 6.1 | 2.5 | -9.2 | 2.4 | 6.3 | -4.5 | 12.3 | 25.3 |
| 2018 | -2.1 | -1.6 | -0.4 |
| Year | Fund | Index | Difference |
|---|---|---|---|
| 2025 | +49.01% | +49.72% | -0.71% |
| 2024 | -30.15% | -29.77% | -0.38% |
| 2023 | +32.23% | +32.69% | -0.46% |
| 2022 | +13.51% | +14.15% | -0.64% |
| 2021 | -17.75% | -17.40% | -0.35% |
| 2020 | -19.69% | -19.02% | -0.67% |
| 2019 | +25.30% | +26.30% | -1.01% |
| 2018 | +0.00% | +0.00% | +0.00% |
| 2017 | +0.00% | +0.00% | +0.00% |
| 2016 | +0.00% | +0.00% | +0.00% |
| Last year | Last 3 years | Last 5 years | Full history | |
|---|---|---|---|---|
| Volatility (ann.) | 21.87% | 21.29% | 25.31% | 31.26% |
| Max drawdown | -17.41% | -26.75% | -28.38% | -55.60% |
| Sharpe | 1.51 | 0.45 | 0.45 | 0.28 |
| Sortino | 2.25 | 0.64 | 0.65 | 0.39 |
| Fund | TER | Income | Fund size |
|---|---|---|---|
IBZL · iShares | 0.74% | Dist. | 446 mln EUR |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
DE000A0Q4R85Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Trading since |
|---|---|---|
| Borsa Italiana (ETFplus) | 4BRZ | 29 Nov 2024 |
| Börse Düsseldorf | 4BRZ | 12 Mar 2025 |
| Börse Hamburg | 4BRZ | 2 Dec 2024 |
| Börse Hannover | 4BRZ | 20 Jan 2026 |
| Börse München / gettex | 4BRZ | 31 Mar 2026 |
| Xetra (Deutsche Börse) | 4BRZ | 26 Oct 2018 |