BREE vs. FRDM

Last updated Jun 4, 2026

BREE (MFS Blended Research Emerging Markets Equity ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both Emerging Markets Diversified funds. BREE is actively managed, while FRDM is passively managed. With a 0.96 correlation, they move nearly in lockstep. BREE charges 0.44%/yr vs 0.49%/yr for FRDM.

Performance

BREE vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Emerging Markets Equity ETF (BREE) and Freedom 100 Emerging Markets ETF (FRDM). 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*: —

FRDM

• 1D: -1.30%
• 1M: 17.06%
• YTD: 44.61%
• 6M: 53.16%
• 1Y: 97.46%
• 3Y*: 37.08%
• 5Y*: 19.30%
• 10Y*: —

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

BREE vs. FRDM - Yearly Performance Comparison

	2026 (YTD)
BREE MFS Blended Research Emerging Markets Equity ETF	20.50%
FRDM Freedom 100 Emerging Markets ETF	31.84%

Correlation

The correlation between BREE and FRDM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.96

Return for Risk

BREE vs. FRDM — Risk / Return Rank

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

FRDM

FRDM Risk / Return Rank: 93
FRDM Sharpe Ratio Rank: 95
FRDM Sortino Ratio Rank: 93
FRDM Omega Ratio Rank: 93
FRDM Calmar Ratio Rank: 91
FRDM Martin Ratio Rank: 92

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. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Emerging Markets Equity ETF (BREE) and Freedom 100 Emerging Markets ETF (FRDM). 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	FRDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.18	0.85	+3.33

Drawdowns

BREE vs. FRDM - Drawdown Comparison

The maximum BREE drawdown since its inception was -7.70%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for BREE and FRDM.

Drawdown Indicators

	BREE	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-7.70%	-40.49%	+32.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.25%	—
Current Drawdown Current decline from peak	-1.25%	-1.30%	+0.05%
Average Drawdown Average peak-to-trough decline	-1.77%	-7.09%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.18%	—

Volatility

Volatility by Period

	BREE	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	24.50%	+2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.33%	20.80%	+6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	22.77%	+4.56%

BREE vs. FRDM - Expense Ratio Comparison

BREE has a 0.44% expense ratio, which is lower than FRDM's 0.49% expense ratio.

Dividends

BREE vs. FRDM - Dividend Comparison

BREE has not paid dividends to shareholders, while FRDM's dividend yield for the trailing twelve months is around 1.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BREE MFS Blended Research Emerging Markets Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FRDM Freedom 100 Emerging Markets ETF	1.51%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%

Frequently Asked Questions

Can I hold both BREE and FRDM in my portfolio?

With a correlation of 0.96, BREE and FRDM 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 FRDM?

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 FRDM?

BREE is cheaper with a 0.44% expense ratio, compared with 0.49% for FRDM.

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

FRDM has the higher dividend yield at 1.51%, compared with 0.00% for BREE.

What is the main difference between BREE and FRDM?

They also come from different issuers: MFS and Freedom Funds. Their fees differ too: 0.44% for BREE and 0.49% for FRDM.