BREE vs. BRSM

Last updated Jul 17, 2026

BREE (MFS Blended Research Emerging Markets Equity ETF) and BRSM (MFS Blended Research Small-Mid Cap ETF) are both exchange-traded funds - BREE is a Emerging Markets Diversified fund actively managed by MFS, while BRSM is a Mid Cap Blend Equities fund actively managed by MFS. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. BREE charges 0.44%/yr vs 0.38%/yr for BRSM.

Performance

BREE vs. BRSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Emerging Markets Equity ETF (BREE) and MFS Blended Research Small-Mid Cap ETF (BRSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BREE

• 1D: -2.03%
• 1M: -6.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRSM

• 1D: 0.09%
• 1M: 1.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BREE vs. BRSM - Yearly Performance Comparison

	2026 (YTD)
BREE MFS Blended Research Emerging Markets Equity ETF	-6.82%
BRSM MFS Blended Research Small-Mid Cap ETF	2.77%

Correlation

The correlation between BREE and BRSM 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 Jun 4, 2026	0.76

Return for Risk

BREE vs. BRSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Emerging Markets Equity ETF (BREE) and MFS Blended Research Small-Mid Cap ETF (BRSM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

BREE vs. BRSM - Drawdown Comparison

The maximum BREE drawdown since its inception was -12.31%, which is greater than BRSM's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for BREE and BRSM.

Drawdown Indicators

	BREE	BRSM	Difference
Max Drawdown Largest peak-to-trough decline	-12.31%	-3.25%	-9.06%
Current Drawdown Current decline from peak	-9.13%	-1.41%	-7.72%
Average Drawdown Average peak-to-trough decline	-4.15%	-1.10%	-3.05%

Volatility

Volatility by Period

	BREE	BRSM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.43%	18.28%	+15.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.43%	18.28%	+15.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.43%	18.28%	+15.15%

BREE vs. BRSM - Expense Ratio Comparison

BREE has a 0.44% expense ratio, which is higher than BRSM's 0.38% expense ratio.

Dividends

BREE vs. BRSM - Dividend Comparison

Neither BREE nor BRSM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BREE and BRSM in my portfolio?

BREE and BRSM 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, BREE or BRSM?

On fees, BRSM is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BREE or BRSM?

BRSM is cheaper with a 0.38% expense ratio, compared with 0.44% for BREE.

Which ETF pays a higher dividend yield, BREE or BRSM?

BREE and BRSM have nearly identical dividend yields, around 0.00%.

What is the main difference between BREE and BRSM?

BREE is categorized as Emerging Markets Diversified, while BRSM is Mid Cap Blend Equities. Their fees differ too: 0.44% for BREE and 0.38% for BRSM.