By Brazil Stock Guide – The B3 index tied to basic materials led the Brazilian exchange’s performance in July, rising 9.37% as metal commodities advanced overseas. Indexes tracking state-owned companies and financial institutions followed with gains of 7.22% and 4.77%, respectively. The ranking covers indexes calculated by the exchange through July 2026.
Basic materials index tops the ranking
The IMAT B3, which includes companies from mining, steel, metallurgy, chemicals, timber, paper, packaging and other materials segments, posted the strongest monthly performance.
The advance came as metal commodities gained in international markets, supporting companies exposed to the extraction and processing of raw materials.
The Ibov B3 Estatais ranked second, gaining 7.22%. The index tracks listed state-owned companies. The IFNC B3, which follows banks, insurers and pension institutions, rose 4.77% to take third place.
Boi gordo, banks and broad-market indexes rise
The IFBOI B3, linked to the futures market for live cattle, advanced 4.64% in July. The IB3 Bancos rose 4.56%, reflecting the positive performance of the banking sector.
The Ibovespa B3 BR+ gained 4.44%, while the MidLarge Cap B3 rose 3.86%. The IBrX 50 B3 advanced 3.73%.
Other gainers included the Ibov BR+ Cap 5% B3, up 3.62%; the Carbon Efficient Index B3, which rose 3.58%; and the Ibovespa B3, up 3.47% for the month.
July 2026 ranking
- IMAT B3 — 9.37%
- Ibov B3 Estatais — 7.22%
- IFNC B3 — 4.77%
- IFBOI B3 — 4.64%
- IB3 Bancos — 4.56%
- Ibovespa B3 BR+ — 4.44%
- MLCX B3 — 3.86%
- IBrX 50 B3 — 3.73%
- Ibov BR+ Cap 5% B3 — 3.62%
- ICO2 B3 — 3.58%
- Ibovespa B3 — 3.47%.
Indexes provide benchmarks for ETFs
B3 indexes serve as benchmarks for exchange-traded funds, or ETFs, which seek to replicate the performance of specific asset portfolios.
Investors can gain exposure to a diversified basket through a single listed product instead of buying each stock or security individually. ETFs linked to broad-market indexes such as the Ibovespa and IBrX 50 are among the products used to track Brazilian equities.
The exchange also lists ETFs linked to sector and fixed-income indexes, expanding diversification options and generally offering lower costs than actively managed funds.
Among the products cited by B3 are FIND11, linked to the IFNC B3; BBOI11, tied to the IFBOI B3; and BNKS11, which follows the IB3 Bancos. The Ibovespa B3 BR+ has NBOV11, B3BR11 and BRAZ11, while PIBB11 tracks the IBrX 50 B3.
Other products include CAPE11, linked to the Ibov BR+ Cap 5% B3; ECOO11, tied to the ICO2 B3; and BOVA11, BBOV11, XBOV11, BOVB11, BOVV11, BOVX11, IBOV11 and BOVS11, which follow the Ibovespa B3.
As indexes attract more investor attention, they can also support the launch of new listed products and broaden access to investment strategies.
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