CGXU vs. MCSE

Last updated Aug 2, 2026

CGXU (Capital Group International Focus Equity ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 3 years, CGXU returned 14.49%/yr vs -0.12%/yr for MCSE. Their 0.73 correlation means they have sometimes moved together and sometimes differently. CGXU charges 0.54%/yr vs 0.59%/yr for MCSE.

Performance

CGXU vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Focus Equity ETF (CGXU) 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, CGXU achieves a 14.63% return, which is significantly higher than MCSE's 1.12% return.

CGXU

• 1D: -0.53%
• 1M: -1.88%
• 6M: 8.43%
• YTD: 14.63%
• 1Y: 33.39%
• 3Y*: 14.49%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.32%

MCSE

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 1.12%
• 1Y: 4.30%
• 3Y*: -0.12%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.07%

*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)
CGXU Capital Group International Focus Equity ETF	$32.56M	$32.77M	$32.34M
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

CGXU vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGXU Capital Group International Focus Equity ETF	14.63%	26.31%	4.36%	15.75%	6.90%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	14.86%	10.04%

Correlation

The correlation between CGXU and MCSE is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.73

Over the past year, the correlation between CGXU and MCSE has dropped to 0.44 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

CGXU vs. MCSE - Sectors Allocation Comparison

Sectors	CGXU	MCSE
Technology	24.6%	31.1%
Industrials	15.8%	18.1%
Basic Materials	13.4%	5.1%
Financial Services	12.2%	2.1%
Communication Services	11.3%	4.7%
Consumer Cyclical	7.5%	13.8%
Energy	4.7%	-
Healthcare	4.3%	20.1%
Consumer Defensive	4.1%	5.0%
Utilities	2.1%	-
Real Estate	-	-

Return for Risk

CGXU vs. MCSE — Risk / Return Rank

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

CGXU

CGXU Risk / Return Rank: 64
CGXU Sharpe Ratio Rank: 62
CGXU Sortino Ratio Rank: 60
CGXU Omega Ratio Rank: 61
CGXU Calmar Ratio Rank: 71
CGXU Martin Ratio Rank: 67

MCSE

MCSE Risk / Return Rank: 19
MCSE Sharpe Ratio Rank: 20
MCSE Sortino Ratio Rank: 18
MCSE Omega Ratio Rank: 22
MCSE Calmar Ratio Rank: 17
MCSE Martin Ratio Rank: 17

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.

CGXU vs. MCSE - Risk-Adjusted Trends Comparison

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

	CGXU	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	1.44	0.37	+1.07
Sortino ratio: Return per unit of downside risk	2.03	0.58	+1.45
Omega ratio: Gain probability vs. loss probability	1.26	1.10	+0.16
Calmar ratio: Return relative to maximum drawdown	2.48	0.37	+2.11
Martin ratio: Return relative to average drawdown	8.13	0.92	+7.22

CGXU vs. MCSE - Sharpe Ratio Comparison

The current CGXU Sharpe Ratio is 1.44, which is higher than the MCSE Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of CGXU 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

CGXU vs. MCSE - Drawdown Comparison

The maximum CGXU drawdown since its inception was -25.64%, roughly equal to the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for CGXU and MCSE.

Drawdown Indicators

	CGXU	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-25.64%	-26.36%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.14%	-10.42%	-2.72%
Max Drawdown (3Y) Largest decline over 3 years	-21.63%	-26.36%	+4.73%
Current Drawdown Current decline from peak	-6.17%	-10.51%	+4.34%
Average Drawdown Average peak-to-trough decline	-6.57%	-8.79%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	4.36%	-0.37%

Volatility

CGXU vs. MCSE - Volatility Comparison

Capital Group International Focus Equity ETF (CGXU) has a higher volatility of 7.13% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that CGXU'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

	CGXU	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	0.00%	+7.13%
Volatility (6M) Calculated over the trailing 6-month period	20.04%	1.91%	+18.13%
Volatility (1Y) Calculated over the trailing 1-year period	22.61%	10.71%	+11.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.41%	19.08%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	19.08%	+1.33%

CGXU vs. MCSE - Expense Ratio Comparison

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

Dividends

CGXU vs. MCSE - Dividend Comparison

CGXU's dividend yield for the trailing twelve months is around 5.04%, more than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022
CGXU Capital Group International Focus Equity ETF	5.04%	5.31%	1.01%	0.99%	0.95%
MCSE Franklin Sustainable International Equity ETF	3.74%	3.78%	0.63%	0.57%	0.48%

Frequently Asked Questions

Can I hold both CGXU and MCSE in my portfolio?

CGXU and MCSE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGXU or MCSE?

CGXU has higher volatility (7.13%) compared to MCSE (0.00%). In terms of maximum drawdown, CGXU dropped -25.64% vs MCSE's -26.36%.

Which ETF is better, CGXU or MCSE?

On 3-year performance, CGXU leads with 14.49% vs -0.12% for MCSE. On fees, CGXU 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, CGXU or MCSE?

Over the 3-year period, CGXU has performed better with a 14.49% return vs -0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGXU or MCSE?

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

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

CGXU has the higher dividend yield at 5.04%, compared with 3.74% for MCSE.

What is the main difference between CGXU and MCSE?

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

Which has better risk-adjusted returns?

CGXU currently has the higher Sharpe Ratio (1.44 vs 0.37), 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.