EEMIX vs. BEMIX

Last updated Aug 1, 2026

EEMIX (MFS Emerging Markets Equity Research Fund) and BEMIX (Brandes Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, EEMIX returned 7.00%/yr vs 13.55%/yr for BEMIX. Their correlation of 0.86 means they have usually moved in the same direction. EEMIX charges 1.00%/yr vs 1.12%/yr for BEMIX.

Performance

EEMIX vs. BEMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Emerging Markets Equity Research Fund (EEMIX) and Brandes Emerging Markets Fund (BEMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEMIX achieves a 17.14% return, which is significantly lower than BEMIX's 21.14% return.

EEMIX

• 1D: 3.93%
• 1M: -1.82%
• 6M: 8.58%
• YTD: 17.14%
• 1Y: 34.12%
• 3Y*: 16.60%
• 5Y*: 7.00%
• 10Y*: —
• ALL TIME*: 6.15%

BEMIX

• 1D: 2.96%
• 1M: 2.53%
• 6M: 11.44%
• YTD: 21.14%
• 1Y: 45.06%
• 3Y*: 23.07%
• 5Y*: 13.55%
• 10Y*: 8.91%
• ALL TIME*: 5.09%

*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)
BEMIX Brandes Emerging Markets Fund	$0.00	$0.00	$0.00
EEMIX MFS Emerging Markets Equity Research Fund	$0.00	$0.00	$0.00

EEMIX vs. BEMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EEMIX MFS Emerging Markets Equity Research Fund	17.14%	31.02%	7.32%	9.23%	-22.37%	-1.20%
BEMIX Brandes Emerging Markets Fund	21.14%	47.83%	4.01%	22.53%	-15.91%	-2.83%

Correlation

The correlation between EEMIX and BEMIX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021	0.86

The correlation between EEMIX and BEMIX has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

EEMIX vs. BEMIX — Risk / Return Rank

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

EEMIX

EEMIX Risk / Return Rank: 61
EEMIX Sharpe Ratio Rank: 59
EEMIX Sortino Ratio Rank: 52
EEMIX Omega Ratio Rank: 61
EEMIX Calmar Ratio Rank: 75
EEMIX Martin Ratio Rank: 56

BEMIX

BEMIX Risk / Return Rank: 89
BEMIX Sharpe Ratio Rank: 91
BEMIX Sortino Ratio Rank: 84
BEMIX Omega Ratio Rank: 86
BEMIX Calmar Ratio Rank: 92
BEMIX Martin Ratio Rank: 91

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.

EEMIX vs. BEMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Emerging Markets Equity Research Fund (EEMIX) and Brandes Emerging Markets Fund (BEMIX). 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.

	EEMIX	BEMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.29	-0.75
Sortino ratio: Return per unit of downside risk	2.08	2.99	-0.91
Omega ratio: Gain probability vs. loss probability	1.29	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.53	3.60	-1.07
Martin ratio: Return relative to average drawdown	7.85	12.87	-5.03

EEMIX vs. BEMIX - Sharpe Ratio Comparison

The current EEMIX Sharpe Ratio is 1.54, which is lower than the BEMIX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of EEMIX and BEMIX, 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

EEMIX vs. BEMIX - Drawdown Comparison

The maximum EEMIX drawdown since its inception was -38.14%, smaller than the maximum BEMIX drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for EEMIX and BEMIX.

Drawdown Indicators

	EEMIX	BEMIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.14%	-46.05%	+7.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-12.07%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-16.69%	-16.08%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	-36.08%	-32.88%	-3.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.05%	—
Current Drawdown Current decline from peak	-8.54%	-3.70%	-4.84%
Average Drawdown Average peak-to-trough decline	-14.02%	-14.07%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	3.37%	+0.59%

Volatility

EEMIX vs. BEMIX - Volatility Comparison

MFS Emerging Markets Equity Research Fund (EEMIX) has a higher volatility of 8.88% compared to Brandes Emerging Markets Fund (BEMIX) at 6.36%. This indicates that EEMIX's price experiences larger fluctuations and is considered to be riskier than BEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMIX	BEMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	6.36%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	18.21%	16.81%	+1.40%
Volatility (1Y) Calculated over the trailing 1-year period	20.18%	18.95%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	16.99%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	17.17%	-0.64%

EEMIX vs. BEMIX - Expense Ratio Comparison

EEMIX has a 1.00% expense ratio, which is lower than BEMIX's 1.12% expense ratio.

Dividends

EEMIX vs. BEMIX - Dividend Comparison

EEMIX's dividend yield for the trailing twelve months is around 1.62%, less than BEMIX's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEMIX Brandes Emerging Markets Fund	1.90%	2.15%	3.04%	2.45%	2.86%	2.31%	1.31%	2.56%	1.55%	1.41%	2.20%	1.54%
EEMIX MFS Emerging Markets Equity Research Fund	1.62%	1.90%	1.47%	3.00%	1.19%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEMIX and BEMIX in my portfolio?

EEMIX and BEMIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEMIX or BEMIX?

EEMIX has higher volatility (8.88%) compared to BEMIX (6.36%). In terms of maximum drawdown, EEMIX dropped -38.14% vs BEMIX's -46.05%.

Which has better risk-adjusted returns?

BEMIX currently has the higher Sharpe Ratio (2.29 vs 1.54), 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.