BRCE vs. FNDX

Last updated Jun 5, 2026

BRCE (MFS Blended Research Core Equity ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both exchange-traded funds - BRCE is a Large Cap Blend Equities fund actively managed by MFS, while FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index. BRCE is actively managed, while FNDX is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. BRCE charges 0.24%/yr vs 0.25%/yr for FNDX.

Performance

BRCE vs. FNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Core Equity ETF (BRCE) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRCE achieves a 12.37% return, which is significantly lower than FNDX's 15.35% return.

BRCE

• 1D: 0.46%
• 1M: 4.31%
• YTD: 12.37%
• 6M: 12.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDX

• 1D: 0.68%
• 1M: 3.54%
• YTD: 15.35%
• 6M: 15.57%
• 1Y: 33.72%
• 3Y*: 21.32%
• 5Y*: 12.98%
• 10Y*: 14.27%

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

BRCE vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025
BRCE MFS Blended Research Core Equity ETF	12.37%	2.68%
FNDX Schwab Fundamental U.S. Large Company Index ETF	15.35%	3.46%

Correlation

The correlation between BRCE and FNDX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.76

Return for Risk

BRCE vs. FNDX — Risk / Return Rank

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

FNDX

FNDX Risk / Return Rank: 92
FNDX Sharpe Ratio Rank: 92
FNDX Sortino Ratio Rank: 93
FNDX Omega Ratio Rank: 92
FNDX Calmar Ratio Rank: 90
FNDX Martin Ratio Rank: 91

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.

BRCE vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Core Equity ETF (BRCE) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BRCE	FNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	0.80	+1.08

Drawdowns

BRCE vs. FNDX - Drawdown Comparison

The maximum BRCE drawdown since its inception was -8.77%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for BRCE and FNDX.

Drawdown Indicators

	BRCE	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-8.77%	-37.72%	+28.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.72%	—
Current Drawdown Current decline from peak	-0.39%	0.00%	-0.39%
Average Drawdown Average peak-to-trough decline	-1.55%	-3.55%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.55%	—

Volatility

Volatility by Period

	BRCE	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	10.22%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	15.18%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.11%	17.50%	-3.39%

BRCE vs. FNDX - Expense Ratio Comparison

BRCE has a 0.24% expense ratio, which is lower than FNDX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BRCE vs. FNDX - Dividend Comparison

BRCE's dividend yield for the trailing twelve months is around 0.34%, less than FNDX's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRCE MFS Blended Research Core Equity ETF	0.34%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.44%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%

Frequently Asked Questions

Can I hold both BRCE and FNDX in my portfolio?

BRCE and FNDX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRCE or FNDX?

On fees, BRCE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRCE or FNDX?

BRCE is cheaper with a 0.24% expense ratio, compared with 0.25% for FNDX.

Which ETF pays a higher dividend yield, BRCE or FNDX?

FNDX has the higher dividend yield at 1.44%, compared with 0.34% for BRCE.

What is the main difference between BRCE and FNDX?

BRCE is categorized as Large Cap Blend Equities, while FNDX is Large Cap Value Equities. They also come from different issuers: MFS and Charles Schwab. Their fees differ too: 0.24% for BRCE and 0.25% for FNDX.