DFIV vs. MCSE

Last updated Aug 4, 2026

DFIV (Dimensional International 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, DFIV returned 23.78%/yr vs 0.74%/yr for MCSE. Their 0.64 correlation means they have sometimes moved together and sometimes differently. DFIV charges 0.27%/yr vs 0.59%/yr for MCSE.

Performance

DFIV vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional International Value ETF (DFIV) 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, DFIV achieves a 16.64% return, which is significantly higher than MCSE's 1.12% return.

DFIV

• 1D: -0.03%
• 1M: 4.34%
• 6M: 9.34%
• YTD: 16.64%
• 1Y: 37.39%
• 3Y*: 23.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.08%

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)
DFIV Dimensional International Value ETF	$79.30M	$68.23M	$67.86M
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

DFIV vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFIV Dimensional International Value ETF	16.64%	45.36%	7.26%	17.75%	9.92%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	14.86%	10.04%

Correlation

The correlation between DFIV and MCSE is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.64

Over the past year, the correlation between DFIV and MCSE has dropped to 0.40 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

DFIV vs. MCSE - Sectors Allocation Comparison

Sectors	DFIV	MCSE
Financial Services	34.3%	2.1%
Energy	14.1%	-
Basic Materials	10.5%	5.1%
Industrials	9.8%	18.1%
Consumer Cyclical	9.7%	13.8%
Healthcare	5.4%	20.1%
Consumer Defensive	5.2%	5.0%
Communication Services	4.0%	4.7%
Technology	3.1%	31.1%
Utilities	2.3%	-
Real Estate	1.7%	-

Return for Risk

DFIV vs. MCSE — Risk / Return Rank

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

DFIV

DFIV Risk / Return Rank: 92
DFIV Sharpe Ratio Rank: 94
DFIV Sortino Ratio Rank: 94
DFIV Omega Ratio Rank: 93
DFIV Calmar Ratio Rank: 90
DFIV Martin Ratio Rank: 91

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.

DFIV vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Value ETF (DFIV) 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.

	DFIV	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	2.71	0.46	+2.24
Sortino ratio: Return per unit of downside risk	3.67	0.70	+2.98
Omega ratio: Gain probability vs. loss probability	1.49	1.12	+0.36
Calmar ratio: Return relative to maximum drawdown	3.89	0.45	+3.44
Martin ratio: Return relative to average drawdown	15.07	1.13	+13.94

DFIV vs. MCSE - Sharpe Ratio Comparison

The current DFIV Sharpe Ratio is 2.71, which is higher than the MCSE Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of DFIV 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

DFIV vs. MCSE - Drawdown Comparison

The maximum DFIV drawdown since its inception was -25.42%, roughly equal to the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for DFIV and MCSE.

Drawdown Indicators

	DFIV	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-25.42%	-26.36%	+0.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-10.42%	+0.76%
Max Drawdown (3Y) Largest decline over 3 years	-14.72%	-26.36%	+11.64%
Current Drawdown Current decline from peak	-0.50%	-10.51%	+10.01%
Average Drawdown Average peak-to-trough decline	-4.36%	-8.80%	+4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	4.37%	-1.88%

Volatility

DFIV vs. MCSE - Volatility Comparison

Dimensional International Value ETF (DFIV) has a higher volatility of 3.64% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that DFIV'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

	DFIV	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	0.00%	+3.64%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	1.87%	+9.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	10.29%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	19.07%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	19.07%	-2.52%

DFIV vs. MCSE - Expense Ratio Comparison

DFIV has a 0.27% expense ratio, which is lower than MCSE's 0.59% expense ratio.

Dividends

DFIV vs. MCSE - Dividend Comparison

DFIV's dividend yield for the trailing twelve months is around 2.58%, less than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021
DFIV Dimensional International Value ETF	2.58%	2.92%	3.88%	3.93%	3.84%	2.30%
MCSE Franklin Sustainable International Equity ETF	3.74%	3.78%	0.63%	0.57%	0.48%	0.00%

Frequently Asked Questions

Can I hold both DFIV and MCSE in my portfolio?

DFIV and MCSE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFIV or MCSE?

DFIV has higher volatility (3.64%) compared to MCSE (0.00%). In terms of maximum drawdown, DFIV dropped -25.42% vs MCSE's -26.36%.

Which ETF is better, DFIV or MCSE?

On 3-year performance, DFIV leads with 23.78% vs 0.74% for MCSE. On fees, DFIV is cheaper at 0.27% 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, DFIV or MCSE?

Over the 3-year period, DFIV has performed better with a 23.78% return vs 0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFIV or MCSE?

DFIV is cheaper with a 0.27% expense ratio, compared with 0.59% for MCSE.

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

MCSE has the higher dividend yield at 3.74%, compared with 2.58% for DFIV.

What is the main difference between DFIV and MCSE?

They also come from different issuers: Dimensional and Franklin. Their fees differ too: 0.27% for DFIV and 0.59% for MCSE.

Which has better risk-adjusted returns?

DFIV currently has the higher Sharpe Ratio (2.71 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.