MFSI vs. BRCE

Last updated Jun 25, 2026

MFSI (MFS Active International ETF) and BRCE (MFS Blended Research Core Equity ETF) are both exchange-traded funds - MFSI is a Foreign Large Cap Equities fund actively managed by MFS, while BRCE is a Large Cap Blend Equities fund actively managed by MFS. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. MFSI charges 0.59%/yr vs 0.24%/yr for BRCE.

Performance

MFSI vs. BRCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Active International ETF (MFSI) and MFS Blended Research Core Equity ETF (BRCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFSI achieves a 5.09% return, which is significantly lower than BRCE's 10.26% return.

MFSI

• 1D: 0.47%
• 1M: 0.09%
• YTD: 5.09%
• 6M: 4.71%
• 1Y: 15.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRCE

• 1D: -0.23%
• 1M: -0.06%
• YTD: 10.26%
• 6M: 8.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFSI vs. BRCE - Yearly Performance Comparison

	2026 (YTD)	2025
MFSI MFS Active International ETF	5.09%	3.34%
BRCE MFS Blended Research Core Equity ETF	10.26%	2.04%

Correlation

The correlation between MFSI and BRCE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025	0.83

Return for Risk

MFSI vs. BRCE — Risk / Return Rank

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

MFSI

MFSI Risk / Return Rank: 32
MFSI Sharpe Ratio Rank: 31
MFSI Sortino Ratio Rank: 30
MFSI Omega Ratio Rank: 30
MFSI Calmar Ratio Rank: 30
MFSI Martin Ratio Rank: 37

BRCE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MFSI vs. BRCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Active International ETF (MFSI) and MFS Blended Research Core Equity ETF (BRCE). 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.

	MFSI	BRCE	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.49	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.37	—	—
Martin ratio: Return relative to average drawdown	5.06	—	—

Drawdowns

MFSI vs. BRCE - Drawdown Comparison

The maximum MFSI drawdown since its inception was -13.67%, which is greater than BRCE's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for MFSI and BRCE.

Drawdown Indicators

	MFSI	BRCE	Difference
Max Drawdown Largest peak-to-trough decline	-13.67%	-8.77%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	—	—
Current Drawdown Current decline from peak	-2.68%	-2.42%	-0.26%
Average Drawdown Average peak-to-trough decline	-1.97%	-1.56%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	—	—

Volatility

Volatility by Period

	MFSI	BRCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	14.59%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	14.59%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	14.59%	+1.85%

MFSI vs. BRCE - Expense Ratio Comparison

MFSI has a 0.59% expense ratio, which is higher than BRCE's 0.24% expense ratio.

Dividends

MFSI vs. BRCE - Dividend Comparison

MFSI's dividend yield for the trailing twelve months is around 0.77%, more than BRCE's 0.34% yield.

Position	TTM	2025
BRCE MFS Blended Research Core Equity ETF	0.34%	0.19%
MFSI MFS Active International ETF	0.77%	0.81%

Frequently Asked Questions

Can I hold both MFSI and BRCE in my portfolio?

MFSI and BRCE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MFSI or BRCE?

On fees, BRCE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFSI or BRCE?

BRCE is cheaper with a 0.24% expense ratio, compared with 0.59% for MFSI.

Which ETF pays a higher dividend yield, MFSI or BRCE?

MFSI has the higher dividend yield at 0.77%, compared with 0.34% for BRCE.

What is the main difference between MFSI and BRCE?

MFSI is categorized as Foreign Large Cap Equities, while BRCE is Large Cap Blend Equities. Their fees differ too: 0.59% for MFSI and 0.24% for BRCE.