BRCE vs. MFSM

Last updated Jun 3, 2026

BRCE (MFS Blended Research Core Equity ETF) and MFSM (MFS Active Intermediate Muni Bond ETF) are both exchange-traded funds - BRCE is a Large Cap Blend Equities fund actively managed by MFS, while MFSM is a Municipal Bonds fund actively managed by MFS. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. BRCE charges 0.24%/yr vs 0.34%/yr for MFSM.

Performance

BRCE vs. MFSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Core Equity ETF (BRCE) and MFS Active Intermediate Muni Bond ETF (MFSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRCE achieves a 12.81% return, which is significantly higher than MFSM's 1.76% return.

BRCE

• 1D: 0.08%
• 1M: 5.21%
• YTD: 12.81%
• 6M: 14.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MFSM

• 1D: 0.11%
• 1M: 0.64%
• YTD: 1.76%
• 6M: 2.32%
• 1Y: 7.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRCE vs. MFSM - Yearly Performance Comparison

	2026 (YTD)	2025
BRCE MFS Blended Research Core Equity ETF	12.81%	2.68%
MFSM MFS Active Intermediate Muni Bond ETF	1.76%	0.54%

Correlation

The correlation between BRCE and MFSM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.37

Return for Risk

BRCE vs. MFSM — Risk / Return Rank

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

MFSM

MFSM Risk / Return Rank: 76
MFSM Sharpe Ratio Rank: 85
MFSM Sortino Ratio Rank: 90
MFSM Omega Ratio Rank: 91
MFSM Calmar Ratio Rank: 55
MFSM Martin Ratio Rank: 58

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. MFSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Core Equity ETF (BRCE) and MFS Active Intermediate Muni Bond ETF (MFSM). 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	MFSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.96	1.12	+0.84

Drawdowns

BRCE vs. MFSM - Drawdown Comparison

The maximum BRCE drawdown since its inception was -8.77%, which is greater than MFSM's maximum drawdown of -3.86%. Use the drawdown chart below to compare losses from any high point for BRCE and MFSM.

Drawdown Indicators

	BRCE	MFSM	Difference
Max Drawdown Largest peak-to-trough decline	-8.77%	-3.86%	-4.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.65%	—
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-1.56%	-0.88%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.71%	—

Volatility

Volatility by Period

	BRCE	MFSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	2.67%	+11.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	3.45%	+10.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.14%	3.45%	+10.69%

BRCE vs. MFSM - Expense Ratio Comparison

BRCE has a 0.24% expense ratio, which is lower than MFSM's 0.34% expense ratio.

Dividends

BRCE vs. MFSM - Dividend Comparison

BRCE's dividend yield for the trailing twelve months is around 0.34%, less than MFSM's 3.55% yield.

Position	TTM	2025	2024
BRCE MFS Blended Research Core Equity ETF	0.34%	0.19%	0.00%
MFSM MFS Active Intermediate Muni Bond ETF	3.55%	3.53%	0.23%

Frequently Asked Questions

Can I hold both BRCE and MFSM in my portfolio?

BRCE and MFSM have a correlation of 0.37, 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 MFSM?

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 MFSM?

BRCE is cheaper with a 0.24% expense ratio, compared with 0.34% for MFSM.

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

MFSM has the higher dividend yield at 3.55%, compared with 0.34% for BRCE.

What is the main difference between BRCE and MFSM?

BRCE is categorized as Large Cap Blend Equities, while MFSM is Municipal Bonds. Their fees differ too: 0.24% for BRCE and 0.34% for MFSM.