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BRAX11 ETF · iShares IBrX-Indice Brasil (IBrX-100) ETF
The BRAX11 Exchange Traded Fund (ETF) is provided by iShares. It is built to track an index: Sao Paulo Stock Exchange IBrX Index. The BRAX11 ETF provides physical exposure, so by buying it you actually own parts of all the 104 underlying holdings. The dividend policy is capitalization.
Last update 3/13/2026, 1:00 PM UTC
LIVE
CLOSED
This fund is part ofEmerging Market Stocks1M perf.-5.65%
Last price
R$148.76
1M perf.
-4.60%
1M flows
N/A
AuM
€30M
E/R
0.2%
Rating
ESG Consensus®
BRAX11
R$148.76
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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BRAX11
R$148.62
+9.38%
Emerging Market Stocks
+6.19%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -4.60%  | +9.38% | +41.09% | +71.64%  | +53.56% | -5.80% | +10.18% | +10.18% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/13/2026
R$148.62
1D NAV change
-0.90%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
104
Inception date
2/22/2010
Jurisdiction
Brazil
Distribution
Brazil
Legal structure
Open-end Investment Company
Base currency
BRL
Classification
Investment strategy
The iShares IBrX Brazil Index (IBrX-100) Index Fund seeks to obtain, in general, returns from investments that correspond to the performance of the Brazil Index (IBrX 100).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
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Learn more about Trackinsight EnterpriseSimilar ETFs in your region
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +9.38% | +41.09% | +71.64% | +53.56% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
Brazil
98.23%
Unavailable
1.77%
Sectors
Financials
26.76%
Materials
16.90%
Energy
13.45%
Utilities
11.41%
Industrials
5.73%
Consumer Staples
4.12%
Consumer Discretionary
3.79%
Health Care
2.27%
Unavailable
12.39%
Other
3.19%
Diversification
Total weight of top 15 holdings out of 104
Top 15 holdings
Data as of January 31, 2026
VALE SA
ITAU UNIBANCO HOLDING PRF
PETROLEO BRASILEIRO PRF
PETROLEO BRASILEIRO PETROBRAS
BANCO BRADESCO PRF
BRAXIAACNOR0
COMPANHIA DE SANEAMENTO BASICO
BM&F BOVESPA BOLSA DE VALORES
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BANCO BTG PACTUAL SA
ITAUSA INVESTIMENTOS ITAU PRF
WEG ON
BANCO DO BRASIL
BREMBJACNOR1
AMBEV SA
EQUATORIAL ENERGIA
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about BRAX11 ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
BRAX11’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
60.12% of holdings have positive scoring
41.68% of holdings have negative scoring
11.35%
35.14%
13.63%
27.17%
12.52%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Sao Paulo Stock Exchange IBrX Total Return Index - BRL
Index ticker
IBX Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
iShares
iShares ID Card
Number of funds
1720
Total AuM
€4.9T
Expense ratio range
0.03% - 1.51%
Average expense ratio
0.285%
Top 5 funds by iShares
| AuM | ||
|---|---|---|
IVV | iShares Core S&P 500 ETF | €604.11B |
IEFA | iShares Core MSCI EAFE ETF | €145.9B |
AGG | iShares Core U.S. Aggregate Bond ETF | €120.51B |
IEMG | iShares Core MSCI Emerging Markets ETF | €118.19B |
CSSPX | iShares Core S&P 500 UCITS ETF | €112.42B |
Frequently asked questions about BRAX11
What does iShares IBrX-Indice Brasil (IBrX-100) ETF, BRAX11, invest in?
BRAX11 is a Passive ETF. This ETF provides exposure to Brazilian Equities.
Which benchmark or index does BRAX11 replicate?
BRAX11 tracks the Sao Paulo Stock Exchange IBrX Total Return Index - BRL, through a full replication replication method.
What is the Total Expense ratio (TER) of BRAX11?
BRAX11 carries a total expense ratio (TER) of 0.2%, indicating the annual cost for holding the fund.
When was BRAX11 launched?
BRAX11 was introduced to the market on February 22, 2010. It trades on Brazil
Who is the ETF issuer of BRAX11?
iShares IBrX-Indice Brasil (IBrX-100) ETF, BRAX11, is provided by iShares. Learn more about iShares here.
What is the current assets under management (AUM) of BRAX11?
BRAX11 oversees €30M in assets as of March 13, 2026.
How has BRAX11 performed lately?
Based on data from March 13, 2026, BRAX11 returned -4.60% over the past month, 9.38% over the last three months and 10.18% year-to-date.
Does BRAX11 distribute dividends?
BRAX11 follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of BRAX11?
As of January 31, 2026, BRAX11 has significant geographic allocations in Brazil.
In which sector or theme does BRAX11 invest in?
As of January 31, 2026, BRAX11 focuses largely on Financials, Materials and Energy.
How many securities does BRAX11 hold and how diversified is it?
As of January 31, 2026, BRAX11 holds 104 positions in its portfolio, with 63.52% of assets concentrated in its top 15 holdings.
What are the main positions in BRAX11?
As of January 31, 2026, BRAX11 top three holdings include VALE SA, ITAU UNIBANCO HOLDING PRF and PETROLEO BRASILEIRO PRF.
What is the base currency of BRAX11?
The base currency of BRAX11 is BRL.
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