MIVL vs. BREE

Last updated Jul 16, 2026

MIVL (MFS Active International Value ETF) and BREE (MFS Blended Research Emerging Markets Equity ETF) are both exchange-traded funds - MIVL 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. At a 0.50 correlation, their price movements are largely independent. MIVL charges 0.57%/yr vs 0.44%/yr for BREE.

Performance

MIVL vs. BREE - Performance Comparison

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

Returns By Period

MIVL

• 1D: 0.98%
• 1M: 1.54%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BREE

• 1D: -0.10%
• 1M: -5.25%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MIVL vs. BREE - Yearly Performance Comparison

	2026 (YTD)
MIVL MFS Active International Value ETF	2.00%
BREE MFS Blended Research Emerging Markets Equity ETF	-4.89%

Correlation

The correlation between MIVL and BREE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.50

Return for Risk

MIVL vs. BREE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Active International Value ETF (MIVL) 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.

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

Drawdowns

MIVL vs. BREE - Drawdown Comparison

The maximum MIVL drawdown since its inception was -2.49%, smaller than the maximum BREE drawdown of -12.31%. Use the drawdown chart below to compare losses from any high point for MIVL and BREE.

Drawdown Indicators

	MIVL	BREE	Difference
Max Drawdown Largest peak-to-trough decline	-2.49%	-12.31%	+9.82%
Current Drawdown Current decline from peak	0.00%	-7.25%	+7.25%
Average Drawdown Average peak-to-trough decline	-1.09%	-4.09%	+3.00%

Volatility

Volatility by Period

	MIVL	BREE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.09%	33.43%	-19.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	33.43%	-19.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.09%	33.43%	-19.34%

MIVL vs. BREE - Expense Ratio Comparison

MIVL has a 0.57% expense ratio, which is higher than BREE's 0.44% expense ratio.

Dividends

MIVL vs. BREE - Dividend Comparison

Neither MIVL nor BREE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MIVL and BREE in my portfolio?

MIVL and BREE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MIVL 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, MIVL or BREE?

BREE is cheaper with a 0.44% expense ratio, compared with 0.57% for MIVL.

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

MIVL and BREE have nearly identical dividend yields, around 0.00%.

What is the main difference between MIVL and BREE?

MIVL is categorized as Foreign Large Cap Equities, while BREE is Emerging Markets Diversified. Their fees differ too: 0.57% for MIVL and 0.44% for BREE.