BRXIX vs. FGSIX

Last updated Jun 4, 2026

BRXIX (MFS Blended Research International Equity Fund) and FGSIX (Federated MDT Mid Cap Growth Fund Institutional Shares) are both mutual funds - BRXIX is a Foreign Large Cap Equities fund managed by MFS, while FGSIX is a Mid Cap Growth Equities fund actively managed by Federated. Over the past 10 years, BRXIX returned 11.60%/yr vs 15.44%/yr for FGSIX. A 0.62 correlation means they provide meaningful diversification when combined. BRXIX charges 0.64%/yr vs 0.85%/yr for FGSIX.

Performance

BRXIX vs. FGSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research International Equity Fund (BRXIX) and Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRXIX achieves a 17.54% return, which is significantly higher than FGSIX's 1.78% return. Over the past 10 years, BRXIX has underperformed FGSIX with an annualized return of 11.60%, while FGSIX has yielded a comparatively higher 15.44% annualized return.

BRXIX

• 1D: 1.04%
• 1M: 8.06%
• YTD: 17.54%
• 6M: 20.49%
• 1Y: 40.30%
• 3Y*: 25.10%
• 5Y*: 12.79%
• 10Y*: 11.60%

FGSIX

• 1D: -0.83%
• 1M: 2.77%
• YTD: 1.78%
• 6M: 2.76%
• 1Y: 5.70%
• 3Y*: 20.12%
• 5Y*: 11.31%
• 10Y*: 15.44%

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

BRXIX vs. FGSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRXIX MFS Blended Research International Equity Fund	17.54%	39.87%	11.82%	14.42%	-13.36%	13.38%	9.09%	22.13%	-15.56%	25.21%
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares	1.78%	10.87%	33.37%	27.44%	-24.39%	22.77%	35.86%	28.34%	-3.00%	24.70%

Correlation

The correlation between BRXIX and FGSIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 18, 2015	0.62

Over the past year, the correlation between BRXIX and FGSIX has dropped to 0.24 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

BRXIX vs. FGSIX — Risk / Return Rank

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

BRXIX

BRXIX Risk / Return Rank: 82
BRXIX Sharpe Ratio Rank: 89
BRXIX Sortino Ratio Rank: 84
BRXIX Omega Ratio Rank: 83
BRXIX Calmar Ratio Rank: 79
BRXIX Martin Ratio Rank: 74

FGSIX

FGSIX Risk / Return Rank: 5
FGSIX Sharpe Ratio Rank: 5
FGSIX Sortino Ratio Rank: 5
FGSIX Omega Ratio Rank: 5
FGSIX Calmar Ratio Rank: 5
FGSIX Martin Ratio Rank: 5

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.

BRXIX vs. FGSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research International Equity Fund (BRXIX) and Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX). 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.

	BRXIX	FGSIX	Difference
Sharpe ratio Return per unit of total volatility	2.94	0.34	+2.60
Sortino ratio Return per unit of downside risk	3.98	0.62	+3.36
Omega ratio Gain probability vs. loss probability	1.55	1.08	+0.47
Calmar ratio Return relative to maximum drawdown	3.58	0.43	+3.15
Martin ratio Return relative to average drawdown	14.08	1.23	+12.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRXIX vs. FGSIX - Sharpe Ratio Comparison

The current BRXIX Sharpe Ratio is 2.94, which is higher than the FGSIX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of BRXIX and FGSIX, 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

	BRXIX	FGSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	0.34	+2.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.51	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.69	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.66	-0.01

Drawdowns

BRXIX vs. FGSIX - Drawdown Comparison

The maximum BRXIX drawdown since its inception was -36.21%, roughly equal to the maximum FGSIX drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for BRXIX and FGSIX.

Drawdown Indicators

	BRXIX	FGSIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.21%	-37.16%	+0.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.21%	-13.36%	+2.15%
Max Drawdown (3Y) Largest decline over 3 years	-12.72%	-24.46%	+11.74%
Max Drawdown (5Y) Largest decline over 5 years	-26.48%	-35.67%	+9.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.21%	-37.16%	+0.95%
Current Drawdown Current decline from peak	0.00%	-2.58%	+2.58%
Average Drawdown Average peak-to-trough decline	-6.90%	-7.07%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	4.66%	-1.82%

Volatility

BRXIX vs. FGSIX - Volatility Comparison

MFS Blended Research International Equity Fund (BRXIX) has a higher volatility of 5.01% compared to Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) at 3.53%. This indicates that BRXIX's price experiences larger fluctuations and is considered to be riskier than FGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRXIX	FGSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	3.53%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	13.53%	-1.99%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	16.69%	-3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	22.40%	-7.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	22.30%	-6.49%

BRXIX vs. FGSIX - Expense Ratio Comparison

BRXIX has a 0.64% expense ratio, which is lower than FGSIX's 0.85% expense ratio.

Dividends

BRXIX vs. FGSIX - Dividend Comparison

BRXIX's dividend yield for the trailing twelve months is around 3.58%, less than FGSIX's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRXIX MFS Blended Research International Equity Fund	3.58%	4.21%	4.81%	2.81%	2.68%	7.23%	2.32%	2.91%	6.83%	1.13%	0.53%	0.54%
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares	4.48%	4.56%	4.02%	0.00%	2.17%	24.31%	6.77%	7.83%	14.02%	13.59%	1.11%	24.86%

Frequently Asked Questions

Can I hold both BRXIX and FGSIX in my portfolio?

BRXIX and FGSIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRXIX or FGSIX?

BRXIX has higher volatility (5.01%) compared to FGSIX (3.53%). In terms of maximum drawdown, BRXIX dropped -36.21% vs FGSIX's -37.16%.

Which has better risk-adjusted returns?

BRXIX currently has the higher Sharpe Ratio (2.94 vs 0.34), 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.