MFSI vs. BREE

Last updated Jun 4, 2026

MFSI (MFS Active International ETF) and BREE (MFS Blended Research Emerging Markets Equity ETF) are both exchange-traded funds - MFSI is a Foreign Large Cap Equities fund actively managed by MFS, while BREE is a Emerging Markets Diversified fund actively managed by MFS. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. MFSI charges 0.59%/yr vs 0.44%/yr for BREE.

Performance

MFSI vs. BREE - Performance Comparison

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

Returns By Period

MFSI

• 1D: -1.16%
• 1M: 5.04%
• YTD: 6.73%
• 6M: 9.01%
• 1Y: 17.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BREE

• 1D: -1.25%
• 1M: 10.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFSI vs. BREE - Yearly Performance Comparison

	2026 (YTD)
MFSI MFS Active International ETF	6.66%
BREE MFS Blended Research Emerging Markets Equity ETF	20.50%

Correlation

The correlation between MFSI and BREE is 0.89, 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 Mar 6, 2026	0.89

Return for Risk

MFSI vs. BREE — Risk / Return Rank

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

MFSI

MFSI Risk / Return Rank: 34
MFSI Sharpe Ratio Rank: 34
MFSI Sortino Ratio Rank: 33
MFSI Omega Ratio Rank: 33
MFSI Calmar Ratio Rank: 33
MFSI Martin Ratio Rank: 38

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. BREE - Risk-Adjusted Trends Comparison

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

	MFSI	BREE	Difference
Sharpe ratio: Return per unit of total volatility	1.20	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.57	—	—
Martin ratio: Return relative to average drawdown	5.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MFSI	BREE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	4.18	-3.02

Drawdowns

MFSI vs. BREE - Drawdown Comparison

The maximum MFSI drawdown since its inception was -13.67%, which is greater than BREE's maximum drawdown of -7.70%. Use the drawdown chart below to compare losses from any high point for MFSI and BREE.

Drawdown Indicators

	MFSI	BREE	Difference
Max Drawdown Largest peak-to-trough decline	-13.67%	-7.70%	-5.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	—	—
Current Drawdown Current decline from peak	-1.16%	-1.25%	+0.09%
Average Drawdown Average peak-to-trough decline	-1.97%	-1.77%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	—	—

Volatility

Volatility by Period

	MFSI	BREE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	27.33%	-12.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	27.33%	-11.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	27.33%	-11.01%

MFSI vs. BREE - Expense Ratio Comparison

MFSI has a 0.59% expense ratio, which is higher than BREE's 0.44% expense ratio.

Dividends

MFSI vs. BREE - Dividend Comparison

MFSI's dividend yield for the trailing twelve months is around 0.76%, while BREE has not paid dividends to shareholders.

Position	TTM	2025
BREE MFS Blended Research Emerging Markets Equity ETF	0.00%	0.00%
MFSI MFS Active International ETF	0.76%	0.81%

Frequently Asked Questions

Can I hold both MFSI and BREE in my portfolio?

MFSI and BREE have a correlation of 0.89, 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 BREE?

On fees, BREE is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFSI or BREE?

BREE is cheaper with a 0.44% expense ratio, compared with 0.59% for MFSI.

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

MFSI has the higher dividend yield at 0.76%, compared with 0.00% for BREE.

What is the main difference between MFSI and BREE?

MFSI is categorized as Foreign Large Cap Equities, while BREE is Emerging Markets Diversified. Their fees differ too: 0.59% for MFSI and 0.44% for BREE.