BRZD ETF Profile: Dividends, Returns (CBOE:BRZD)

Key stats

BRZD attempts to achieve the inverse (-3x) return of the VettaFi Brazil Equity Fund Tracking Index. This index tracks the performance of the iShares MSCI Brazil ETF (NYSE Arca: EWZ). EWZ provides exposure to the large- and mid-capitalization segments of the equity market in Brazil. As an inverse product, BRZD is not a buy-and-hold investment and should not be expected to provide index return of greater than a one-day period. Over longer periods, compounding effects can lead to profound differences in expected returns relative to the index. As an actively managed fund, the portfolio managers can deviate from underlying holdings of the reference index. The managers may analyze market and financial data to make buy, sell, and hold decisions at their discretion.

Classification

Returns

	1 month	3 months	Year to date	1 year	3 years	5 years
Price performance	—	—	—	—	—	—
NAV total return	—	—	—	—	—	—

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows

No, BRZD doesn't pay dividends to its holders.

BRZD shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Aug 20, 2026, and its management style is Passive.

BRZD expense ratio is 3.95% meaning you'd have to pay 3.95% of your investment to help manage the fund.

BRZD follows the VettaFi Brazil Equity Fund-Tracking Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.

MicroSectors -3x Short Brazil ETNs