Dados B3 › Glossary

Glossary

Return by NAV (fund return)

How much the ETF returned, measured by the change in the fund's unit value, which already includes what the portfolio received.

What it is

How much the ETF returned, measured by the change in the fund's unit value, which already includes what the portfolio received. Shown on the ETFs pages.

How Dados B3 calculates it

change in net asset value per unit over the period (total return by construction); the 'real' line deducts the IPCA inflation accumulated in the window. Return by exchange price is another line: it ignores distributions and includes the premium.

Example

Illustrative example, with made-up numbers to keep the arithmetic easy: NAV of R$ 100 reaching R$ 112 in 12 months: 12-month return = 12%. With 4% inflation in the period, the real return is about 7.7%.

What to watch for when reading it

• Past returns do not promise future returns.
• Whoever buys on the exchange gets the price return, which can differ from the NAV return.

See also

• Premium and discount

Methodology · All indicators

Educational content to understand what each number means. It is not a recommendation to buy or sell.