BRWJX vs. CHAIX

Last updated Jun 25, 2026

BRWJX (MFS Blended Research Growth Equity Fund) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. Over the past 10 years, BRWJX returned 16.99%/yr vs 18.43%/yr for CHAIX. Their correlation of 0.90 suggests significant overlap in exposure. BRWJX charges 0.49%/yr vs 1.00%/yr for CHAIX.

Performance

BRWJX vs. CHAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Growth Equity Fund (BRWJX) and Chase Growth Fund Institutional Class (CHAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRWJX achieves a 4.06% return, which is significantly lower than CHAIX's 24.13% return. Over the past 10 years, BRWJX has underperformed CHAIX with an annualized return of 16.99%, while CHAIX has yielded a comparatively higher 18.43% annualized return.

BRWJX

• 1D: -1.48%
• 1M: -2.68%
• YTD: 4.06%
• 6M: 2.57%
• 1Y: 17.76%
• 3Y*: 23.24%
• 5Y*: 12.89%
• 10Y*: 16.99%

CHAIX

• 1D: -1.93%
• 1M: 2.68%
• YTD: 24.13%
• 6M: 21.91%
• 1Y: 45.63%
• 3Y*: 32.95%
• 5Y*: 17.92%
• 10Y*: 18.43%

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

BRWJX vs. CHAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRWJX MFS Blended Research Growth Equity Fund	4.06%	16.90%	35.62%	41.06%	-29.75%	28.77%	30.81%	32.37%	-4.78%	26.36%
CHAIX Chase Growth Fund Institutional Class	24.13%	20.67%	38.77%	26.00%	-20.32%	22.36%	18.41%	41.69%	-3.87%	24.73%

Correlation

The correlation between BRWJX and CHAIX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 17, 2015	0.90

The correlation between BRWJX and CHAIX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

Return for Risk

BRWJX vs. CHAIX — Risk / Return Rank

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

BRWJX

BRWJX Risk / Return Rank: 21
BRWJX Sharpe Ratio Rank: 23
BRWJX Sortino Ratio Rank: 21
BRWJX Omega Ratio Rank: 22
BRWJX Calmar Ratio Rank: 17
BRWJX Martin Ratio Rank: 20

CHAIX

CHAIX Risk / Return Rank: 88
CHAIX Sharpe Ratio Rank: 90
CHAIX Sortino Ratio Rank: 82
CHAIX Omega Ratio Rank: 79
CHAIX Calmar Ratio Rank: 94
CHAIX Martin Ratio Rank: 96

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.

BRWJX vs. CHAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Growth Equity Fund (BRWJX) and Chase Growth Fund Institutional Class (CHAIX). 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.

	BRWJX	CHAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.63	-1.44
Sortino ratio: Return per unit of downside risk	1.67	3.41	-1.74
Omega ratio: Gain probability vs. loss probability	1.21	1.44	-0.23
Calmar ratio: Return relative to maximum drawdown	1.29	4.87	-3.59
Martin ratio: Return relative to average drawdown	4.33	19.99	-15.65

BRWJX vs. CHAIX - Sharpe Ratio Comparison

The current BRWJX Sharpe Ratio is 1.19, which is lower than the CHAIX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of BRWJX and CHAIX, 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

BRWJX vs. CHAIX - Drawdown Comparison

The maximum BRWJX drawdown since its inception was -32.12%, smaller than the maximum CHAIX drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for BRWJX and CHAIX.

Drawdown Indicators

	BRWJX	CHAIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.12%	-50.61%	+18.49%
Max Drawdown (1Y) Largest decline over 1 year	-15.10%	-9.86%	-5.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.84%	-23.40%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-32.12%	-24.58%	-7.54%
Max Drawdown (10Y) Largest decline over 10 years	-32.12%	-30.36%	-1.76%
Current Drawdown Current decline from peak	-5.84%	-2.11%	-3.73%
Average Drawdown Average peak-to-trough decline	-6.10%	-10.37%	+4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.47%	2.40%	+2.07%

Volatility

BRWJX vs. CHAIX - Volatility Comparison

The current volatility for MFS Blended Research Growth Equity Fund (BRWJX) is 5.95%, while Chase Growth Fund Institutional Class (CHAIX) has a volatility of 6.91%. This indicates that BRWJX experiences smaller price fluctuations and is considered to be less risky than CHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRWJX	CHAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	6.91%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	14.39%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	18.31%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.37%	18.72%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	19.09%	+1.76%

BRWJX vs. CHAIX - Expense Ratio Comparison

BRWJX has a 0.49% expense ratio, which is lower than CHAIX's 1.00% expense ratio.

Dividends

BRWJX vs. CHAIX - Dividend Comparison

BRWJX's dividend yield for the trailing twelve months is around 6.37%, less than CHAIX's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRWJX MFS Blended Research Growth Equity Fund	6.37%	6.63%	4.91%	0.61%	2.48%	17.39%	6.83%	4.52%	7.81%	0.82%	0.39%	0.35%
CHAIX Chase Growth Fund Institutional Class	6.61%	8.20%	18.32%	5.36%	5.09%	18.78%	7.39%	21.65%	12.33%	11.44%	8.83%	9.93%

Frequently Asked Questions

Can I hold both BRWJX and CHAIX in my portfolio?

BRWJX and CHAIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRWJX or CHAIX?

CHAIX has higher volatility (6.91%) compared to BRWJX (5.95%). In terms of maximum drawdown, BRWJX dropped -32.12% vs CHAIX's -50.61%.

Which has better risk-adjusted returns?

CHAIX currently has the higher Sharpe Ratio (2.63 vs 1.19), 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.