MFSM vs. BREE
MFSM (MFS Active Intermediate Muni Bond ETF) and BREE (MFS Blended Research Emerging Markets Equity ETF) are both exchange-traded funds - MFSM is a Municipal Bonds fund actively managed by MFS, while BREE is a Emerging Markets Equities fund actively managed by MFS. Both are actively managed. Their 0.46 correlation means their historical movements had little consistent relationship. MFSM charges 0.34%/yr vs 0.44%/yr for BREE.
Performance
MFSM vs. BREE - Performance Comparison
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Returns By Period
MFSM
- 1D
- -0.20%
- 1M
- -1.75%
- 6M
- -0.22%
- YTD
- 0.59%
- 1Y
- 4.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.80%
BREE
- 1D
- 1.87%
- 1M
- -1.44%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.86K | $23.21K | $47.24K | |
| $434.35K | $408.74K | $440.79K |
MFSM vs. BREE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MFSM MFS Active Intermediate Muni Bond ETF | -0.94% |
BREE MFS Blended Research Emerging Markets Equity ETF | 5.43% |
Correlation
The correlation between MFSM and BREE is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.46 |
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Return for Risk
MFSM vs. BREE — Risk / Return Rank
MFSM
BREE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MFSM vs. BREE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Active Intermediate Muni Bond ETF (MFSM) 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.
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.
| MFSM | BREE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | — | — |
| Martin ratioReturn relative to average drawdown | 6.64 | — | — |
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Drawdowns
MFSM vs. BREE - Drawdown Comparison
The maximum MFSM drawdown since its inception was -3.86%, smaller than the maximum BREE drawdown of -12.97%. Use the drawdown chart below to compare losses from any high point for MFSM and BREE.
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Drawdown Indicators
| MFSM | BREE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.86% | -12.97% | +9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | — | — |
Current DrawdownCurrent decline from peak | -1.89% | -8.75% | +6.86% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -4.72% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | — | — |
Volatility
MFSM vs. BREE - Volatility Comparison
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Volatility by Period
| MFSM | BREE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 32.95% | -30.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.38% | 32.95% | -29.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.38% | 32.95% | -29.57% |
MFSM vs. BREE - Expense Ratio Comparison
MFSM has a 0.34% expense ratio, which is lower than BREE's 0.44% expense ratio.
Dividends
MFSM vs. BREE - Dividend Comparison
MFSM's dividend yield for the trailing twelve months is around 3.62%, while BREE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BREE MFS Blended Research Emerging Markets Equity ETF | 0.00% | 0.00% | 0.00% |
MFSM MFS Active Intermediate Muni Bond ETF | 3.62% | 3.53% | 0.23% |
Frequently Asked Questions
MFSM and BREE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MFSM is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MFSM is cheaper with a 0.34% expense ratio, compared with 0.44% for BREE.
MFSM has the higher dividend yield at 3.62%, compared with 0.00% for BREE.
MFSM is categorized as Municipal Bonds, while BREE is Emerging Markets Equities. Their fees differ too: 0.34% for MFSM and 0.44% for BREE.
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