What Is the COLO ETF? Returns, Expense Ratio, Holdings, and Alternative ETFs Explained
The Global X MSCI Colombia ETF (COLO) tracks the MSCI All Colombia Select index and invests in stocks from a single country, Colombia, as an emerging market thematic ETF. The key points to check are the management fee, dividends, and country and currency concentration risk, and comparisons with the Latin America funds ILF and EWZ can guide your choice.
SubscribeWhat Is the Global X MSCI Colombia ETF?
This single-country ETF tracks the MSCI All Colombia Select 25/50 index and invests in listed companies tied to the Colombian economy. Colombia's leading sectors, such as financials, energy, and materials, make up the bulk of the portfolio.
It suits risk-tolerant investors who want direct exposure to the Colombian market among Latin American emerging economies.
It is a passively managed (index-tracking) ETF run by Global X.
How Does the Global X MSCI Colombia ETF Invest?
| Item | Details |
|---|---|
| Tracked index | MSCI All Colombia Select 25/50 |
| Management style | Passive (index tracking) |
| Rebalancing frequency | Quarterly |
| Dividend frequency | Semiannual |
| Total expense ratio | 0.62% |
| Fund manager | Global X |
The fund holds the Colombia-related companies selected by the index in proportion to their weights, and applies a capping method that sets a limit per issuer so that no single stock takes up an excessive share. Holdings and weights are updated through quarterly rebalancing, and some positions are held in the form of depositary receipts.
- Rare exposure concentrated in the single country of Colombia
- A diversified capping method with per-issuer weight limits
Global X MSCI Colombia ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $184.8M, and the total expense ratio is 0.62% per year.
Because it is a single-country ETF, its diversification is narrower and its trading liquidity tends to be more limited than broad emerging market ETFs.
Global X MSCI Colombia ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe Colombian stock market has tended to react sensitively to commodity prices, currency exchange rates, and the political environment. Because the exposure is to a single country, volatility tends to be higher than broad emerging market indexes, and price swings can be steep depending on the timing.
As a single-country thematic product, its fund inflows and outflows are not large, and it moves with global risk appetite and investor sentiment toward Latin America. When emerging market fund flows contract, trading can become quiet.
Global X MSCI Colombia ETF Strengths and Weaknesses
Its strength is easy access to the Colombian market, while its weaknesses are country and currency concentration risk and limited liquidity.
💪 Key Strengths
⚠️ Points to Watch
Global X MSCI Colombia ETF Alternative ETFs and Related Products
Single-country ETFs for Colombia are few, so the EWC, EWU, and EWL shown in the table are developed market ETFs with the same single-country structure and serve as a reference for comparing the breadth of diversification. If you want broader exposure, you can also consider products from neighboring regions, such as ILF, which invests across Latin America, EWZ for Brazil, and EWW for Mexico.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EWC | iShares MSCI Canada ETF | $61.51 | +0.8% | $7.6B | 0.50% | 1.22% | +19.6% |
 EWU | iShares MSCI United Kingdom ETF | $47.29 | +0.2% | $3.7B | 0.50% | 3.16% | +10.2% |
 EWL | iShares MSCI Switzerland ETF | $63.22 | -0.3% | $3.0B | 0.50% | 1.72% | +12.6% |
 EWP | iShares MSCI Spain ETF | $56.81 | -1.5% | $2.0B | 0.50% | 2.93% | +12.3% |
 EWG | iShares MSCI Germany ETF | $41.80 | +0.7% | $1.5B | 0.49% | 1.99% | +0.2% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 CIB | Grupo Cibest SA ADR | 0.47% | $94.67 | -1.2% | $10.3B | 34.5 | 7.91% |
| EC | Ecopetrol SA ADR | 0.18% | $17.68 | +2.3% | $36.3B | 10.4 | 6.36% |
 USLM | United States Lime & Minerals Inc | 0.07% | $109.30 | -0.7% | $3.1B | 23.4 | 0.22% |
 AVAL | Grupo Aval Acciones y Valores SA ADR | 0.08% | $4.63 | -1.1% | $1.8B | 11.6 | 5.3% |
 TGLS | Tecnoglass Holdings Inc | 0.04% | $37.60 | -2.5% | $1.7B | 13.2 | 1.6% |
Global X MSCI Colombia ETF Investor Checkpoints
These are the points to review before investing in COLO. Since it is a single-country thematic product, it is important to check costs, country concentration, currency risk, and liquidity in advance, and to consider how much weight to give it as a satellite holding.
| Checkpoint | What to check | Current status |
|---|---|---|
| 💵 Expense ratio | Check the cumulative cost impact over a long holding period | Needs checking |
| 🌎 Country concentration | Degree of exposure to the single country of Colombia | High concentration |
| 💱 Currency and exchange rate | Dual currency exposure to the peso, dollar, and won | No currency hedge |
| 💧 Liquidity | Check trading volume and bid-ask spreads | Limited |
Single-country concentration and currency fluctuations are the main risk factors. Short-term volatility can widen sharply depending on changes in commodity prices, the political environment, and emerging market fund flows, so adjusting the position size within your portfolio is necessary.
It is a convenient vehicle for investors who want direct exposure to the Colombian market, but it is a satellite asset with high single-country concentration risk. If you want broad diversification, it is advisable to compare it with options such as ILF, which invests across Latin America, before choosing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 18, 2026.
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