CGIE vs. MCSE

Last updated Aug 4, 2026

CGIE (Capital Group International Equity ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past year, CGIE returned 18.33% vs 4.30% for MCSE. Their 0.72 correlation means they have sometimes moved together and sometimes differently. CGIE charges 0.54%/yr vs 0.59%/yr for MCSE.

Performance

CGIE vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Equity ETF (CGIE) 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, CGIE achieves a 7.72% return, which is significantly higher than MCSE's 1.12% return.

CGIE

• 1D: 0.56%
• 1M: 0.80%
• 6M: 2.91%
• YTD: 7.72%
• 1Y: 18.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.73%

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)
CGIE Capital Group International Equity ETF	$15.47M	$15.73M	$16.72M
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

CGIE vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGIE Capital Group International Equity ETF	7.72%	28.11%	0.72%	11.75%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	21.26%

Correlation

The correlation between CGIE and MCSE is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.72

Over the past year, the correlation between CGIE and MCSE has dropped to 0.45 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

CGIE vs. MCSE - Sectors Allocation Comparison

Sectors	CGIE	MCSE
Industrials	25.7%	18.1%
Technology	21.9%	31.1%
Financial Services	20.2%	2.1%
Healthcare	7.2%	20.1%
Consumer Defensive	6.9%	5.0%
Utilities	6.5%	-
Basic Materials	3.5%	5.1%
Consumer Cyclical	3.1%	13.8%
Energy	2.6%	-
Communication Services	2.4%	4.7%
Real Estate	-	-

Return for Risk

CGIE vs. MCSE — Risk / Return Rank

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

CGIE

CGIE Risk / Return Rank: 43
CGIE Sharpe Ratio Rank: 42
CGIE Sortino Ratio Rank: 42
CGIE Omega Ratio Rank: 40
CGIE Calmar Ratio Rank: 42
CGIE Martin Ratio Rank: 48

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.

CGIE vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Equity ETF (CGIE) 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.

	CGIE	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	1.08	0.46	+0.62
Sortino ratio: Return per unit of downside risk	1.60	0.70	+0.91
Omega ratio: Gain probability vs. loss probability	1.20	1.12	+0.07
Calmar ratio: Return relative to maximum drawdown	1.54	0.45	+1.09
Martin ratio: Return relative to average drawdown	5.71	1.13	+4.58

CGIE vs. MCSE - Sharpe Ratio Comparison

The current CGIE Sharpe Ratio is 1.08, which is higher than the MCSE Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of CGIE 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

CGIE vs. MCSE - Drawdown Comparison

The maximum CGIE drawdown since its inception was -13.82%, smaller than the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for CGIE and MCSE.

Drawdown Indicators

	CGIE	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-13.82%	-26.36%	+12.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-10.42%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.36%	—
Current Drawdown Current decline from peak	-0.52%	-10.51%	+9.99%
Average Drawdown Average peak-to-trough decline	-2.52%	-8.80%	+6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	4.37%	-1.15%

Volatility

CGIE vs. MCSE - Volatility Comparison

Capital Group International Equity ETF (CGIE) has a higher volatility of 5.02% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that CGIE'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

	CGIE	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	0.00%	+5.02%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	1.87%	+13.02%
Volatility (1Y) Calculated over the trailing 1-year period	17.10%	10.29%	+6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.74%	19.07%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	19.07%	-3.33%

CGIE vs. MCSE - Expense Ratio Comparison

CGIE has a 0.54% expense ratio, which is lower than MCSE's 0.59% expense ratio.

Dividends

CGIE vs. MCSE - Dividend Comparison

CGIE's dividend yield for the trailing twelve months is around 1.35%, less than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022
CGIE Capital Group International Equity ETF	1.35%	1.17%	1.27%	0.19%	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 CGIE and MCSE in my portfolio?

CGIE and MCSE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGIE or MCSE?

CGIE has higher volatility (5.02%) compared to MCSE (0.00%). In terms of maximum drawdown, CGIE dropped -13.82% vs MCSE's -26.36%.

Which ETF is better, CGIE or MCSE?

On 1-year performance, CGIE leads with 18.33% vs 4.30% for MCSE. On fees, CGIE is cheaper at 0.54% 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, CGIE or MCSE?

Over the 1-year period, CGIE has performed better with a 18.33% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGIE or MCSE?

CGIE is cheaper with a 0.54% expense ratio, compared with 0.59% for MCSE.

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

MCSE has the higher dividend yield at 3.74%, compared with 1.35% for CGIE.

What is the main difference between CGIE and MCSE?

They also come from different issuers: Capital Group and Franklin. Their fees differ too: 0.54% for CGIE and 0.59% for MCSE.

Which has better risk-adjusted returns?

CGIE currently has the higher Sharpe Ratio (1.08 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.