BRSJX vs. CSMDX

Last updated Aug 1, 2026

BRSJX (MFS Blended Research Small Cap Equity Fund) and CSMDX (Copeland SMID Cap Dividend Growth Fund) are both Small Cap Blend Equities funds. Over the past 5 years, BRSJX returned 5.68%/yr vs 5.03%/yr for CSMDX. Their correlation of 0.92 means they have usually moved in the same direction. BRSJX charges 0.74%/yr vs 0.95%/yr for CSMDX.

Performance

BRSJX vs. CSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Small Cap Equity Fund (BRSJX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRSJX achieves a 15.39% return, which is significantly higher than CSMDX's 12.84% return.

BRSJX

• 1D: 1.07%
• 1M: -1.33%
• 6M: 10.30%
• YTD: 15.39%
• 1Y: 28.66%
• 3Y*: 10.22%
• 5Y*: 5.68%
• 10Y*: 9.14%
• ALL TIME*: 9.85%

CSMDX

• 1D: -0.17%
• 1M: -1.03%
• 6M: 6.76%
• YTD: 12.84%
• 1Y: 16.52%
• 3Y*: 6.50%
• 5Y*: 5.03%
• 10Y*: —
• ALL TIME*: 8.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRSJX MFS Blended Research Small Cap Equity Fund	$0.00	$0.00	$0.00
CSMDX Copeland SMID Cap Dividend Growth Fund	$0.00	$0.00	$0.00

BRSJX vs. CSMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRSJX MFS Blended Research Small Cap Equity Fund	15.39%	5.80%	4.75%	18.84%	-18.40%	28.88%	2.09%	26.23%	-5.37%	9.32%
CSMDX Copeland SMID Cap Dividend Growth Fund	12.84%	2.72%	2.24%	18.89%	-14.89%	22.60%	8.29%	29.90%	-5.20%	10.44%

Correlation

The correlation between BRSJX and CSMDX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017	0.92

The correlation between BRSJX and CSMDX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

Return for Risk

BRSJX vs. CSMDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRSJX

BRSJX Risk / Return Rank: 52
BRSJX Sharpe Ratio Rank: 44
BRSJX Sortino Ratio Rank: 48
BRSJX Omega Ratio Rank: 41
BRSJX Calmar Ratio Rank: 71
BRSJX Martin Ratio Rank: 57

CSMDX

CSMDX Risk / Return Rank: 33
CSMDX Sharpe Ratio Rank: 30
CSMDX Sortino Ratio Rank: 35
CSMDX Omega Ratio Rank: 29
CSMDX Calmar Ratio Rank: 37
CSMDX Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRSJX vs. CSMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Small Cap Equity Fund (BRSJX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). 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.

	BRSJX	CSMDX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.01	+0.31
Sortino ratio: Return per unit of downside risk	1.98	1.61	+0.37
Omega ratio: Gain probability vs. loss probability	1.23	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	2.40	1.57	+0.82
Martin ratio: Return relative to average drawdown	7.80	4.87	+2.93

BRSJX vs. CSMDX - Sharpe Ratio Comparison

The current BRSJX Sharpe Ratio is 1.31, which is higher than the CSMDX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of BRSJX and CSMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRSJX vs. CSMDX - Drawdown Comparison

The maximum BRSJX drawdown since its inception was -45.20%, which is greater than CSMDX's maximum drawdown of -37.28%. Use the drawdown chart below to compare losses from any high point for BRSJX and CSMDX.

Drawdown Indicators

	BRSJX	CSMDX	Difference
Max Drawdown Largest peak-to-trough decline	-45.20%	-37.28%	-7.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-9.20%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-29.05%	-24.60%	-4.45%
Max Drawdown (5Y) Largest decline over 5 years	-29.05%	-24.60%	-4.45%
Max Drawdown (10Y) Largest decline over 10 years	-45.20%	—	—
Current Drawdown Current decline from peak	-3.19%	-1.60%	-1.59%
Average Drawdown Average peak-to-trough decline	-8.00%	-5.69%	-2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.97%	+0.23%

Volatility

BRSJX vs. CSMDX - Volatility Comparison

MFS Blended Research Small Cap Equity Fund (BRSJX) has a higher volatility of 3.88% compared to Copeland SMID Cap Dividend Growth Fund (CSMDX) at 3.30%. This indicates that BRSJX's price experiences larger fluctuations and is considered to be riskier than CSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRSJX	CSMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.30%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	10.17%	+3.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.96%	14.40%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.19%	18.12%	+4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	19.07%	+3.95%

BRSJX vs. CSMDX - Expense Ratio Comparison

BRSJX has a 0.74% expense ratio, which is lower than CSMDX's 0.95% expense ratio.

Dividends

BRSJX vs. CSMDX - Dividend Comparison

BRSJX's dividend yield for the trailing twelve months is around 5.81%, more than CSMDX's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BRSJX MFS Blended Research Small Cap Equity Fund	5.81%	6.71%	7.66%	0.78%	4.18%	12.97%	0.67%	1.83%	6.23%	3.01%	0.36%
CSMDX Copeland SMID Cap Dividend Growth Fund	2.78%	3.14%	1.33%	0.81%	4.07%	6.67%	0.38%	2.61%	4.40%	0.13%	0.00%

Frequently Asked Questions

Can I hold both BRSJX and CSMDX in my portfolio?

BRSJX and CSMDX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRSJX or CSMDX?

BRSJX has higher volatility (3.88%) compared to CSMDX (3.30%). In terms of maximum drawdown, BRSJX dropped -45.20% vs CSMDX's -37.28%.

Which has better risk-adjusted returns?

BRSJX currently has the higher Sharpe Ratio (1.31 vs 1.01), 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.