BREE vs. XCNY
BREE (MFS Blended Research Emerging Markets Equity ETF) and XCNY (SPDR S&P Emerging Markets ex-China ETF) are both Emerging Markets Diversified funds. BREE is actively managed, while XCNY is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. BREE charges 0.44%/yr vs 0.15%/yr for XCNY.
Performance
BREE vs. XCNY - Performance Comparison
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Returns By Period
BREE
- 1D
- -1.25%
- 1M
- 10.36%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XCNY
- 1D
- -1.25%
- 1M
- 5.37%
- YTD
- 19.50%
- 6M
- 22.65%
- 1Y
- 38.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BREE vs. XCNY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BREE MFS Blended Research Emerging Markets Equity ETF | 20.50% |
XCNY SPDR S&P Emerging Markets ex-China ETF | 14.40% |
Correlation
The correlation between BREE and XCNY is 0.91, 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 | 0.91 |
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Return for Risk
BREE vs. XCNY — Risk / Return Rank
BREE
XCNY
BREE vs. XCNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Emerging Markets Equity ETF (BREE) and SPDR S&P Emerging Markets ex-China ETF (XCNY). 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.
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Sharpe Ratios by Period
| BREE | XCNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.18 | 1.18 | +3.00 |
Drawdowns
BREE vs. XCNY - Drawdown Comparison
The maximum BREE drawdown since its inception was -7.70%, smaller than the maximum XCNY drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for BREE and XCNY.
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Drawdown Indicators
| BREE | XCNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.70% | -19.70% | +12.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.86% | — |
Current DrawdownCurrent decline from peak | -1.25% | -1.25% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -4.14% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.08% | — |
Volatility
BREE vs. XCNY - Volatility Comparison
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Volatility by Period
| BREE | XCNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.33% | 16.62% | +10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.33% | 17.75% | +9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 17.75% | +9.58% |
BREE vs. XCNY - Expense Ratio Comparison
BREE has a 0.44% expense ratio, which is higher than XCNY's 0.15% expense ratio.
Dividends
BREE vs. XCNY - Dividend Comparison
BREE has not paid dividends to shareholders, while XCNY's dividend yield for the trailing twelve months is around 2.25%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BREE MFS Blended Research Emerging Markets Equity ETF | 0.00% | 0.00% | 0.00% |
XCNY SPDR S&P Emerging Markets ex-China ETF | 2.25% | 2.68% | 1.07% |
Frequently Asked Questions
With a correlation of 0.91, BREE and XCNY 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.
On fees, XCNY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCNY is cheaper with a 0.15% expense ratio, compared with 0.44% for BREE.
XCNY has the higher dividend yield at 2.25%, compared with 0.00% for BREE.
They also come from different issuers: MFS and State Street. Their fees differ too: 0.44% for BREE and 0.15% for XCNY.
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