BRXIX vs. STEZX

Last updated Aug 1, 2026

BRXIX (MFS Blended Research International Equity Fund) and STEZX (AB International Strategic Equities Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, BRXIX returned 11.38%/yr vs 10.40%/yr for STEZX. Their correlation of 0.94 means they have usually moved in the same direction. BRXIX charges 0.64%/yr vs 0.71%/yr for STEZX.

Performance

BRXIX vs. STEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research International Equity Fund (BRXIX) and AB International Strategic Equities Portfolio (STEZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BRXIX having a 16.50% return and STEZX slightly higher at 16.79%. Over the past 10 years, BRXIX has outperformed STEZX with an annualized return of 11.38%, while STEZX has yielded a comparatively lower 10.40% annualized return.

BRXIX

• 1D: 3.06%
• 1M: 1.20%
• 6M: 9.14%
• YTD: 16.50%
• 1Y: 34.79%
• 3Y*: 22.83%
• 5Y*: 13.06%
• 10Y*: 11.38%
• ALL TIME*: 10.06%

STEZX

• 1D: 3.57%
• 1M: -1.41%
• 6M: 8.02%
• YTD: 16.79%
• 1Y: 35.69%
• 3Y*: 24.09%
• 5Y*: 12.27%
• 10Y*: 10.40%
• ALL TIME*: 10.26%

*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)
BRXIX MFS Blended Research International Equity Fund	$0.00	$0.00	$0.00
STEZX AB International Strategic Equities Portfolio	$0.00	$0.00	$0.00

BRXIX vs. STEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRXIX MFS Blended Research International Equity Fund	16.50%	39.87%	11.82%	14.42%	-13.36%	13.38%	9.09%	22.13%	-15.56%	25.21%
STEZX AB International Strategic Equities Portfolio	16.79%	43.11%	12.75%	13.56%	-17.62%	10.32%	4.38%	19.93%	-14.94%	29.96%

Correlation

The correlation between BRXIX and STEZX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.94

The correlation between BRXIX and STEZX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

BRXIX vs. STEZX — Risk / Return Rank

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

BRXIX

BRXIX Risk / Return Rank: 85
BRXIX Sharpe Ratio Rank: 87
BRXIX Sortino Ratio Rank: 82
BRXIX Omega Ratio Rank: 83
BRXIX Calmar Ratio Rank: 86
BRXIX Martin Ratio Rank: 86

STEZX

STEZX Risk / Return Rank: 78
STEZX Sharpe Ratio Rank: 76
STEZX Sortino Ratio Rank: 71
STEZX Omega Ratio Rank: 75
STEZX Calmar Ratio Rank: 84
STEZX Martin Ratio Rank: 83

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.

BRXIX vs. STEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research International Equity Fund (BRXIX) and AB International Strategic Equities Portfolio (STEZX). 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.

	BRXIX	STEZX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.79	+0.32
Sortino ratio: Return per unit of downside risk	2.86	2.42	+0.44
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	2.94	2.87	+0.07
Martin ratio: Return relative to average drawdown	10.93	10.49	+0.44

BRXIX vs. STEZX - Sharpe Ratio Comparison

The current BRXIX Sharpe Ratio is 2.11, which is comparable to the STEZX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of BRXIX and STEZX, 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

BRXIX vs. STEZX - Drawdown Comparison

The maximum BRXIX drawdown since its inception was -36.21%, roughly equal to the maximum STEZX drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for BRXIX and STEZX.

Drawdown Indicators

	BRXIX	STEZX	Difference
Max Drawdown Largest peak-to-trough decline	-36.21%	-36.51%	+0.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.21%	-12.02%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-12.72%	-14.01%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.48%	-29.85%	+3.37%
Max Drawdown (10Y) Largest decline over 10 years	-36.21%	-36.51%	+0.30%
Current Drawdown Current decline from peak	-1.70%	-5.32%	+3.62%
Average Drawdown Average peak-to-trough decline	-6.84%	-7.26%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	3.28%	-0.27%

Volatility

BRXIX vs. STEZX - Volatility Comparison

The current volatility for MFS Blended Research International Equity Fund (BRXIX) is 5.61%, while AB International Strategic Equities Portfolio (STEZX) has a volatility of 7.32%. This indicates that BRXIX experiences smaller price fluctuations and is considered to be less risky than STEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRXIX	STEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	7.32%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	17.27%	-3.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.65%	19.28%	-3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	16.93%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	16.33%	-0.69%

BRXIX vs. STEZX - Expense Ratio Comparison

BRXIX has a 0.64% expense ratio, which is lower than STEZX's 0.71% expense ratio.

Dividends

BRXIX vs. STEZX - Dividend Comparison

BRXIX's dividend yield for the trailing twelve months is around 3.62%, less than STEZX's 10.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRXIX MFS Blended Research International Equity Fund	3.62%	4.21%	4.81%	2.81%	2.68%	7.23%	2.32%	2.91%	6.83%	1.13%	0.53%	0.54%
STEZX AB International Strategic Equities Portfolio	10.75%	12.56%	2.45%	3.08%	4.12%	5.96%	1.29%	2.05%	3.23%	2.92%	1.72%	0.00%

Frequently Asked Questions

Can I hold both BRXIX and STEZX in my portfolio?

With a correlation of 0.92, BRXIX and STEZX 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, BRXIX or STEZX?

STEZX has higher volatility (7.32%) compared to BRXIX (5.61%). In terms of maximum drawdown, BRXIX dropped -36.21% vs STEZX's -36.51%.

Which has better risk-adjusted returns?

BRXIX currently has the higher Sharpe Ratio (2.11 vs 1.79), 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.