BRKIX vs. SSKEX

Last updated Jun 4, 2026

BRKIX (MFS Blended Research Emerging Markets Equity Fund) and SSKEX (State Street Emerging Markets Equity Index Fund) are both Emerging Markets Diversified funds. Over the past 10 years, BRKIX returned 11.68%/yr vs 10.59%/yr for SSKEX. Their correlation of 0.94 suggests significant overlap in exposure. BRKIX charges 0.99%/yr vs 0.17%/yr for SSKEX.

Performance

BRKIX vs. SSKEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Emerging Markets Equity Fund (BRKIX) and State Street Emerging Markets Equity Index Fund (SSKEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKIX achieves a 31.76% return, which is significantly higher than SSKEX's 28.95% return. Over the past 10 years, BRKIX has outperformed SSKEX with an annualized return of 11.68%, while SSKEX has yielded a comparatively lower 10.59% annualized return.

BRKIX

• 1D: 1.46%
• 1M: 10.24%
• YTD: 31.76%
• 6M: 34.05%
• 1Y: 62.14%
• 3Y*: 27.83%
• 5Y*: 10.62%
• 10Y*: 11.68%

SSKEX

• 1D: 0.94%
• 1M: 8.80%
• YTD: 28.95%
• 6M: 32.16%
• 1Y: 57.79%
• 3Y*: 24.72%
• 5Y*: 7.79%
• 10Y*: 10.59%

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

BRKIX vs. SSKEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRKIX MFS Blended Research Emerging Markets Equity Fund	31.76%	33.78%	14.06%	9.82%	-19.03%	3.69%	9.99%	18.96%	-16.43%	37.46%
SSKEX State Street Emerging Markets Equity Index Fund	28.95%	33.79%	7.00%	9.50%	-20.23%	-2.80%	18.20%	18.16%	-14.78%	37.18%

Correlation

The correlation between BRKIX and SSKEX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.94

The correlation between BRKIX and SSKEX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

BRKIX vs. SSKEX — Risk / Return Rank

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

BRKIX

BRKIX Risk / Return Rank: 93
BRKIX Sharpe Ratio Rank: 98
BRKIX Sortino Ratio Rank: 94
BRKIX Omega Ratio Rank: 92
BRKIX Calmar Ratio Rank: 90
BRKIX Martin Ratio Rank: 91

SSKEX

SSKEX Risk / Return Rank: 92
SSKEX Sharpe Ratio Rank: 96
SSKEX Sortino Ratio Rank: 92
SSKEX Omega Ratio Rank: 91
SSKEX Calmar Ratio Rank: 90
SSKEX Martin Ratio Rank: 89

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.

BRKIX vs. SSKEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Emerging Markets Equity Fund (BRKIX) and State Street Emerging Markets Equity Index Fund (SSKEX). 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.

	BRKIX	SSKEX	Difference
Sharpe ratio: Return per unit of total volatility	3.81	3.54	+0.27
Sortino ratio: Return per unit of downside risk	4.89	4.54	+0.35
Omega ratio: Gain probability vs. loss probability	1.68	1.66	+0.02
Calmar ratio: Return relative to maximum drawdown	4.70	4.68	+0.02
Martin ratio: Return relative to average drawdown	18.48	17.65	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRKIX vs. SSKEX - Sharpe Ratio Comparison

The current BRKIX Sharpe Ratio is 3.81, which is comparable to the SSKEX Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of BRKIX and SSKEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRKIX	SSKEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.81	3.54	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.47	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.61	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.63	+0.08

Drawdowns

BRKIX vs. SSKEX - Drawdown Comparison

The maximum BRKIX drawdown since its inception was -39.28%, roughly equal to the maximum SSKEX drawdown of -39.23%. Use the drawdown chart below to compare losses from any high point for BRKIX and SSKEX.

Drawdown Indicators

	BRKIX	SSKEX	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-39.23%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	-12.44%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-16.09%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-34.65%	-37.04%	+2.39%
Max Drawdown (10Y) Largest decline over 10 years	-39.28%	-39.23%	-0.05%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.04%	-13.27%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	3.29%	+0.12%

Volatility

BRKIX vs. SSKEX - Volatility Comparison

MFS Blended Research Emerging Markets Equity Fund (BRKIX) and State Street Emerging Markets Equity Index Fund (SSKEX) have volatilities of 6.63% and 6.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKIX	SSKEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	6.69%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	14.03%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.58%	16.47%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	16.50%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	17.29%	-0.25%

BRKIX vs. SSKEX - Expense Ratio Comparison

BRKIX has a 0.99% expense ratio, which is higher than SSKEX's 0.17% expense ratio.

Dividends

BRKIX vs. SSKEX - Dividend Comparison

BRKIX's dividend yield for the trailing twelve months is around 1.88%, less than SSKEX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BRKIX MFS Blended Research Emerging Markets Equity Fund	1.88%	2.48%	2.51%	2.75%	3.07%	3.80%	1.60%	1.83%	5.35%	3.19%	0.71%
SSKEX State Street Emerging Markets Equity Index Fund	2.21%	2.85%	2.90%	3.26%	3.90%	1.95%	1.84%	2.84%	3.01%	2.55%	2.29%

Frequently Asked Questions

Can I hold both BRKIX and SSKEX in my portfolio?

With a correlation of 0.90, BRKIX and SSKEX 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 is riskier, BRKIX or SSKEX?

SSKEX has higher volatility (6.69%) compared to BRKIX (6.63%). In terms of maximum drawdown, BRKIX dropped -39.28% vs SSKEX's -39.23%.

Which has better risk-adjusted returns?

BRKIX currently has the higher Sharpe Ratio (3.81 vs 3.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.