DMDV vs. MCSE

Last updated Aug 1, 2026

DMDV (AAM S&P Developed Markets High Dividend Value ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. DMDV is passively managed, while MCSE is actively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. DMDV charges 0.39%/yr vs 0.59%/yr for MCSE.

Performance

DMDV vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P Developed Markets High Dividend Value ETF (DMDV) and Franklin Sustainable International Equity ETF (MCSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DMDV

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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)
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

DMDV vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	12.51%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	14.86%	10.04%

Correlation

The correlation between DMDV and MCSE is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.52

The correlation between DMDV and MCSE has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

DMDV vs. MCSE - Sectors Allocation Comparison

Sectors	DMDV	MCSE
Industrials	12.5%	18.1%
Real Estate	10.0%	-
Consumer Defensive	9.4%	5.0%
Utilities	9.2%	-
Communication Services	9.1%	4.7%
Financial Services	9.0%	2.1%
Basic Materials	9.0%	5.1%
Healthcare	8.9%	20.1%
Consumer Cyclical	8.7%	13.8%
Technology	7.6%	31.1%
Energy	6.6%	-

Return for Risk

DMDV vs. MCSE — Risk / Return Rank

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

DMDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DMDV vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P Developed Markets High Dividend Value ETF (DMDV) 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.

	DMDV	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	—	0.37	—
Sortino ratio: Return per unit of downside risk	—	0.58	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.37	—
Martin ratio: Return relative to average drawdown	—	0.92	—

Drawdowns

Drawdown Indicators

	DMDV	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	—	-26.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.36%	—
Current Drawdown Current decline from peak	—	-10.51%	—
Average Drawdown Average peak-to-trough decline	—	-8.79%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.36%	—

Volatility

Volatility by Period

	DMDV	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.71%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.08%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.08%	—

DMDV vs. MCSE - Expense Ratio Comparison

DMDV has a 0.39% expense ratio, which is lower than MCSE's 0.59% expense ratio.

Dividends

DMDV vs. MCSE - Dividend Comparison

DMDV has not paid dividends to shareholders, while MCSE's dividend yield for the trailing twelve months is around 3.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%
MCSE Franklin Sustainable International Equity ETF	3.74%	3.78%	0.63%	0.57%	0.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DMDV and MCSE in my portfolio?

DMDV and MCSE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DMDV or MCSE?

On fees, DMDV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMDV or MCSE?

DMDV is cheaper with a 0.39% expense ratio, compared with 0.59% for MCSE.

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

MCSE has the higher dividend yield at 3.74%, compared with 0.00% for DMDV.

What is the main difference between DMDV and MCSE?

They also come from different issuers: Advisors Asset Management and Franklin. Their fees differ too: 0.39% for DMDV and 0.59% for MCSE.