AVNV vs. MCSE

Last updated Aug 4, 2026

AVNV (Avantis All International Markets Value ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 3 years, AVNV returned 20.85%/yr vs 0.74%/yr for MCSE. Their 0.64 correlation means they have sometimes moved together and sometimes differently. AVNV charges 0.34%/yr vs 0.59%/yr for MCSE.

Performance

AVNV vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Value ETF (AVNV) and Franklin Sustainable International Equity ETF (MCSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVNV achieves a 13.17% return, which is significantly higher than MCSE's 1.12% return.

AVNV

• 1D: 0.75%
• 1M: 1.13%
• 6M: 6.01%
• YTD: 13.17%
• 1Y: 30.47%
• 3Y*: 20.85%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.56%

MCSE

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 1.12%
• 1Y: 4.30%
• 3Y*: 0.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVNV Avantis All International Markets Value ETF	$874.47K	$818.79K	$748.70K
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

AVNV vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNV Avantis All International Markets Value ETF	13.17%	39.93%	5.43%	9.65%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	2.16%

Correlation

The correlation between AVNV and MCSE is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.64

Over the past year, the correlation between AVNV and MCSE has dropped to 0.42 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

AVNV vs. MCSE - Sectors Allocation Comparison

Sectors	AVNV	MCSE
Financial Services	24.5%	2.1%
Industrials	18.5%	18.1%
Basic Materials	12.9%	5.1%
Consumer Cyclical	11.7%	13.8%
Technology	10.6%	31.1%
Energy	8.6%	-
Communication Services	4.4%	4.7%
Consumer Defensive	3.3%	5.0%
Healthcare	3.3%	20.1%
Real Estate	1.3%	-
Utilities	1.0%	-

Return for Risk

AVNV vs. MCSE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVNV

AVNV Risk / Return Rank: 78
AVNV Sharpe Ratio Rank: 81
AVNV Sortino Ratio Rank: 79
AVNV Omega Ratio Rank: 80
AVNV Calmar Ratio Rank: 73
AVNV Martin Ratio Rank: 74

MCSE

MCSE Risk / Return Rank: 20
MCSE Sharpe Ratio Rank: 20
MCSE Sortino Ratio Rank: 19
MCSE Omega Ratio Rank: 24
MCSE Calmar Ratio Rank: 18
MCSE Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVNV vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Value ETF (AVNV) and Franklin Sustainable International Equity ETF (MCSE). 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.

	AVNV	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	0.46	+1.45
Sortino ratio: Return per unit of downside risk	2.62	0.70	+1.92
Omega ratio: Gain probability vs. loss probability	1.35	1.12	+0.22
Calmar ratio: Return relative to maximum drawdown	2.63	0.45	+2.17
Martin ratio: Return relative to average drawdown	9.46	1.13	+8.33

AVNV vs. MCSE - Sharpe Ratio Comparison

The current AVNV Sharpe Ratio is 1.91, which is higher than the MCSE Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of AVNV and MCSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVNV vs. MCSE - Drawdown Comparison

The maximum AVNV drawdown since its inception was -13.89%, smaller than the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for AVNV and MCSE.

Drawdown Indicators

	AVNV	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-13.89%	-26.36%	+12.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-10.42%	-1.24%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	-26.36%	+12.47%
Current Drawdown Current decline from peak	-2.07%	-10.51%	+8.44%
Average Drawdown Average peak-to-trough decline	-2.52%	-8.80%	+6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	4.37%	-1.14%

Volatility

AVNV vs. MCSE - Volatility Comparison

Avantis All International Markets Value ETF (AVNV) has a higher volatility of 5.05% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that AVNV's price experiences larger fluctuations and is considered to be riskier than MCSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNV	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	0.00%	+5.05%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	1.87%	+12.12%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	10.29%	+5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	19.07%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	19.07%	-3.99%

AVNV vs. MCSE - Expense Ratio Comparison

AVNV has a 0.34% expense ratio, which is lower than MCSE's 0.59% expense ratio.

Dividends

AVNV vs. MCSE - Dividend Comparison

AVNV's dividend yield for the trailing twelve months is around 2.62%, less than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022
AVNV Avantis All International Markets Value ETF	2.62%	3.14%	3.51%	1.64%	0.00%
MCSE Franklin Sustainable International Equity ETF	3.74%	3.78%	0.63%	0.57%	0.48%

Frequently Asked Questions

Can I hold both AVNV and MCSE in my portfolio?

AVNV and MCSE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVNV or MCSE?

AVNV has higher volatility (5.05%) compared to MCSE (0.00%). In terms of maximum drawdown, AVNV dropped -13.89% vs MCSE's -26.36%.

Which ETF is better, AVNV or MCSE?

On 3-year performance, AVNV leads with 20.85% vs 0.74% for MCSE. On fees, AVNV is cheaper at 0.34% per year. On volatility, MCSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNV or MCSE?

Over the 3-year period, AVNV has performed better with a 20.85% return vs 0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNV or MCSE?

AVNV is cheaper with a 0.34% expense ratio, compared with 0.59% for MCSE.

Which ETF pays a higher dividend yield, AVNV or MCSE?

MCSE has the higher dividend yield at 3.74%, compared with 2.62% for AVNV.

What is the main difference between AVNV and MCSE?

They also come from different issuers: Avantis and Franklin. Their fees differ too: 0.34% for AVNV and 0.59% for MCSE.

Which has better risk-adjusted returns?

AVNV currently has the higher Sharpe Ratio (1.91 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.