BREE vs. EMSF

Last updated Jun 4, 2026

BREE (MFS Blended Research Emerging Markets Equity ETF) and EMSF (Matthews Emerging Markets Sustainable Future Active ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. BREE charges 0.44%/yr vs 0.79%/yr for EMSF.

Performance

BREE vs. EMSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Emerging Markets Equity ETF (BREE) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BREE

• 1D: -1.25%
• 1M: 10.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMSF

• 1D: -1.10%
• 1M: 8.61%
• YTD: 45.34%
• 6M: 40.08%
• 1Y: 63.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BREE vs. EMSF - Yearly Performance Comparison

	2026 (YTD)
BREE MFS Blended Research Emerging Markets Equity ETF	20.50%
EMSF Matthews Emerging Markets Sustainable Future Active ETF	29.10%

Correlation

The correlation between BREE and EMSF is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.93

Return for Risk

BREE vs. EMSF — Risk / Return Rank

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

EMSF

EMSF Risk / Return Rank: 76
EMSF Sharpe Ratio Rank: 77
EMSF Sortino Ratio Rank: 69
EMSF Omega Ratio Rank: 72
EMSF Calmar Ratio Rank: 83
EMSF Martin Ratio Rank: 76

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.

BREE vs. EMSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Emerging Markets Equity ETF (BREE) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF). 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

	BREE	EMSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.18	0.98	+3.21

Drawdowns

BREE vs. EMSF - Drawdown Comparison

The maximum BREE drawdown since its inception was -7.70%, smaller than the maximum EMSF drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BREE and EMSF.

Drawdown Indicators

	BREE	EMSF	Difference
Max Drawdown Largest peak-to-trough decline	-7.70%	-24.75%	+17.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.57%	—
Current Drawdown Current decline from peak	-1.25%	-1.10%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.77%	-5.72%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.35%	—

Volatility

Volatility by Period

	BREE	EMSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	25.35%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.33%	22.75%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	22.75%	+4.58%

BREE vs. EMSF - Expense Ratio Comparison

BREE has a 0.44% expense ratio, which is lower than EMSF's 0.79% expense ratio.

Dividends

BREE vs. EMSF - Dividend Comparison

BREE has not paid dividends to shareholders, while EMSF's dividend yield for the trailing twelve months is around 1.30%.

Position	TTM	2025	2024	2023
BREE MFS Blended Research Emerging Markets Equity ETF	0.00%	0.00%	0.00%	0.00%
EMSF Matthews Emerging Markets Sustainable Future Active ETF	1.30%	1.88%	3.29%	0.02%

Frequently Asked Questions

Can I hold both BREE and EMSF in my portfolio?

With a correlation of 0.93, BREE and EMSF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BREE or EMSF?

On fees, BREE is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BREE or EMSF?

BREE is cheaper with a 0.44% expense ratio, compared with 0.79% for EMSF.

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

EMSF has the higher dividend yield at 1.30%, compared with 0.00% for BREE.

What is the main difference between BREE and EMSF?

They also come from different issuers: MFS and Matthews. Their fees differ too: 0.44% for BREE and 0.79% for EMSF.