MIVL vs. BRSM

Last updated Jul 16, 2026

MIVL (MFS Active International Value ETF) and BRSM (MFS Blended Research Small-Mid Cap ETF) are both exchange-traded funds - MIVL is a Foreign Large Cap Equities fund actively managed by MFS, while BRSM is a Mid Cap Blend Equities fund actively managed by MFS. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. MIVL charges 0.57%/yr vs 0.38%/yr for BRSM.

Performance

MIVL vs. BRSM - 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 Small-Mid Cap ETF (BRSM). 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*: —

BRSM

• 1D: 0.27%
• 1M: 0.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MIVL vs. BRSM - Yearly Performance Comparison

	2026 (YTD)
MIVL MFS Active International Value ETF	2.00%
BRSM MFS Blended Research Small-Mid Cap ETF	2.67%

Correlation

The correlation between MIVL and BRSM is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.61

Return for Risk

MIVL vs. BRSM - 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 Small-Mid Cap ETF (BRSM). 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. BRSM - Drawdown Comparison

The maximum MIVL drawdown since its inception was -2.49%, smaller than the maximum BRSM drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for MIVL and BRSM.

Drawdown Indicators

	MIVL	BRSM	Difference
Max Drawdown Largest peak-to-trough decline	-2.49%	-3.25%	+0.76%
Current Drawdown Current decline from peak	0.00%	-1.50%	+1.50%
Average Drawdown Average peak-to-trough decline	-1.09%	-1.09%	0.00%

Volatility

Volatility by Period

	MIVL	BRSM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.09%	18.62%	-4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	18.62%	-4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.09%	18.62%	-4.53%

MIVL vs. BRSM - Expense Ratio Comparison

MIVL has a 0.57% expense ratio, which is higher than BRSM's 0.38% expense ratio.

Dividends

MIVL vs. BRSM - Dividend Comparison

Neither MIVL nor BRSM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MIVL and BRSM in my portfolio?

MIVL and BRSM have a correlation of 0.61, 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 BRSM?

On fees, BRSM is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MIVL or BRSM?

BRSM is cheaper with a 0.38% expense ratio, compared with 0.57% for MIVL.

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

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

What is the main difference between MIVL and BRSM?

MIVL is categorized as Foreign Large Cap Equities, while BRSM is Mid Cap Blend Equities. Their fees differ too: 0.57% for MIVL and 0.38% for BRSM.