BBIN vs. MGRAX

Last updated Jun 4, 2026

BBIN (JPMorgan BetaBuilders International Equity ETF) and MGRAX (MFS International Growth Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, BBIN returned 8.51%/yr vs 6.15%/yr for MGRAX. Their correlation of 0.90 suggests significant overlap in exposure. BBIN charges 0.07%/yr vs 1.06%/yr for MGRAX.

Performance

BBIN vs. MGRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders International Equity ETF (BBIN) and MFS International Growth Fund (MGRAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBIN achieves a 8.64% return, which is significantly higher than MGRAX's 4.03% return.

BBIN

• 1D: -0.65%
• 1M: 3.28%
• YTD: 8.64%
• 6M: 10.96%
• 1Y: 21.60%
• 3Y*: 16.72%
• 5Y*: 8.51%
• 10Y*: —

MGRAX

• 1D: 0.45%
• 1M: 3.74%
• YTD: 4.03%
• 6M: 4.95%
• 1Y: 11.44%
• 3Y*: 12.20%
• 5Y*: 6.15%
• 10Y*: 9.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBIN vs. MGRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBIN JPMorgan BetaBuilders International Equity ETF	8.64%	31.86%	3.65%	18.54%	-14.29%	11.74%	7.91%	3.14%
MGRAX MFS International Growth Fund	4.03%	20.73%	8.82%	14.54%	-15.31%	9.20%	15.45%	3.62%

Correlation

The correlation between BBIN and MGRAX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 6, 2019	0.90

The correlation between BBIN and MGRAX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

BBIN vs. MGRAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBIN

BBIN Risk / Return Rank: 39
BBIN Sharpe Ratio Rank: 39
BBIN Sortino Ratio Rank: 39
BBIN Omega Ratio Rank: 37
BBIN Calmar Ratio Rank: 38
BBIN Martin Ratio Rank: 43

MGRAX

MGRAX Risk / Return Rank: 10
MGRAX Sharpe Ratio Rank: 10
MGRAX Sortino Ratio Rank: 10
MGRAX Omega Ratio Rank: 10
MGRAX Calmar Ratio Rank: 9
MGRAX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBIN vs. MGRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders International Equity ETF (BBIN) and MFS International Growth Fund (MGRAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBIN	MGRAX	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.82	+0.58
Sortino ratio Return per unit of downside risk	2.02	1.22	+0.80
Omega ratio Gain probability vs. loss probability	1.25	1.15	+0.10
Calmar ratio Return relative to maximum drawdown	1.87	0.87	+1.01
Martin ratio Return relative to average drawdown	6.96	2.93	+4.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBIN vs. MGRAX - Sharpe Ratio Comparison

The current BBIN Sharpe Ratio is 1.40, which is higher than the MGRAX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of BBIN and MGRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBIN	MGRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.82	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.40	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.39	+0.15

Drawdowns

BBIN vs. MGRAX - Drawdown Comparison

The maximum BBIN drawdown since its inception was -33.37%, smaller than the maximum MGRAX drawdown of -55.29%. Use the drawdown chart below to compare losses from any high point for BBIN and MGRAX.

Drawdown Indicators

	BBIN	MGRAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-55.29%	+21.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-12.42%	+0.85%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	-13.66%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-30.58%	+1.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.58%	—
Current Drawdown Current decline from peak	-1.78%	-2.79%	+1.01%
Average Drawdown Average peak-to-trough decline	-6.30%	-10.86%	+4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.68%	-0.57%

Volatility

BBIN vs. MGRAX - Volatility Comparison

JPMorgan BetaBuilders International Equity ETF (BBIN) has a higher volatility of 5.15% compared to MFS International Growth Fund (MGRAX) at 3.94%. This indicates that BBIN's price experiences larger fluctuations and is considered to be riskier than MGRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBIN	MGRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	3.94%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	10.71%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	13.27%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.57%	15.56%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	15.73%	+3.39%

BBIN vs. MGRAX - Expense Ratio Comparison

BBIN has a 0.07% expense ratio, which is lower than MGRAX's 1.06% expense ratio.

Dividends

BBIN vs. MGRAX - Dividend Comparison

BBIN's dividend yield for the trailing twelve months is around 3.63%, less than MGRAX's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBIN JPMorgan BetaBuilders International Equity ETF	3.63%	3.87%	3.41%	3.20%	2.83%	3.54%	1.07%	0.09%	0.00%	0.00%	0.00%	0.00%
MGRAX MFS International Growth Fund	5.15%	5.35%	5.99%	2.56%	2.69%	6.62%	0.56%	1.42%	3.82%	2.26%	1.01%	1.06%

Frequently Asked Questions

Can I hold both BBIN and MGRAX in my portfolio?

BBIN and MGRAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBIN or MGRAX?

BBIN has higher volatility (5.15%) compared to MGRAX (3.94%). In terms of maximum drawdown, BBIN dropped -33.37% vs MGRAX's -55.29%.

Which has better risk-adjusted returns?

BBIN currently has the higher Sharpe Ratio (1.40 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.