BREE vs. STXE

Last updated Jun 25, 2026

BREE (MFS Blended Research Emerging Markets Equity ETF) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Diversified funds. BREE is actively managed, while STXE is passively managed. With a 0.95 correlation, they move nearly in lockstep. BREE charges 0.44%/yr vs 0.32%/yr for STXE.

Performance

BREE vs. STXE - Performance Comparison

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

Returns By Period

BREE

• 1D: 0.17%
• 1M: 4.06%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STXE

• 1D: 0.08%
• 1M: 6.32%
• YTD: 44.15%
• 6M: 45.89%
• 1Y: 71.69%
• 3Y*: 28.59%
• 5Y*: —
• 10Y*: —

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

BREE vs. STXE - Yearly Performance Comparison

	2026 (YTD)
BREE MFS Blended Research Emerging Markets Equity ETF	9.63%
STXE Strive Emerging Markets Ex-China ETF	25.12%

Correlation

The correlation between BREE and STXE is 0.95 - 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 5, 2026	0.95

Return for Risk

BREE vs. STXE — Risk / Return Rank

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

BREE

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

STXE

STXE Risk / Return Rank: 89
STXE Sharpe Ratio Rank: 91
STXE Sortino Ratio Rank: 83
STXE Omega Ratio Rank: 90
STXE Calmar Ratio Rank: 90
STXE 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.

BREE vs. STXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Emerging Markets Equity ETF (BREE) and Strive Emerging Markets Ex-China ETF (STXE). 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.

	BREE	STXE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.71	—
Sortino ratio: Return per unit of downside risk	—	3.26	—
Omega ratio: Gain probability vs. loss probability	—	1.50	—
Calmar ratio: Return relative to maximum drawdown	—	4.97	—
Martin ratio: Return relative to average drawdown	—	19.10	—

Drawdowns

BREE vs. STXE - Drawdown Comparison

The maximum BREE drawdown since its inception was -12.31%, smaller than the maximum STXE drawdown of -18.92%. Use the drawdown chart below to compare losses from any high point for BREE and STXE.

Drawdown Indicators

	BREE	STXE	Difference
Max Drawdown Largest peak-to-trough decline	-12.31%	-18.92%	+6.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.92%	—
Current Drawdown Current decline from peak	-5.12%	-6.36%	+1.24%
Average Drawdown Average peak-to-trough decline	-3.78%	-3.72%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.77%	—

Volatility

Volatility by Period

	BREE	STXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.31%	26.68%	+6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.31%	19.07%	+14.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.31%	19.07%	+14.24%

BREE vs. STXE - Expense Ratio Comparison

BREE has a 0.44% expense ratio, which is higher than STXE's 0.32% expense ratio.

Dividends

BREE vs. STXE - Dividend Comparison

BREE has not paid dividends to shareholders, while STXE's dividend yield for the trailing twelve months is around 1.86%.

Position	TTM	2025	2024	2023
BREE MFS Blended Research Emerging Markets Equity ETF	0.00%	0.00%	0.00%	0.00%
STXE Strive Emerging Markets Ex-China ETF	1.86%	2.66%	3.22%	1.08%

Frequently Asked Questions

Can I hold both BREE and STXE in my portfolio?

With a correlation of 0.95, BREE and STXE 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 STXE?

On fees, STXE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BREE or STXE?

STXE is cheaper with a 0.32% expense ratio, compared with 0.44% for BREE.

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

STXE has the higher dividend yield at 1.86%, compared with 0.00% for BREE.

What is the main difference between BREE and STXE?

They also come from different issuers: MFS and Strive. Their fees differ too: 0.44% for BREE and 0.32% for STXE.