EAFG vs. MCSE

Last updated Aug 2, 2026

EAFG (Pacer Developed Markets Cash Cows Growth Leaders ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. EAFG is passively managed, while MCSE is actively managed. Over the past year, EAFG returned 21.54% vs 4.30% for MCSE. Their 0.65 correlation means they have sometimes moved together and sometimes differently. EAFG charges 0.65%/yr vs 0.59%/yr for MCSE.

Performance

EAFG vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) 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, EAFG achieves a 6.96% return, which is significantly higher than MCSE's 1.12% return.

EAFG

• 1D: -0.18%
• 1M: -3.52%
• 6M: 2.12%
• YTD: 6.96%
• 1Y: 21.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.72%

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)
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF	$5.23K	$5.79K	$11.97K
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

EAFG vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF	6.96%	26.39%	-5.92%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-16.29%

Correlation

The correlation between EAFG 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 (All Time) Calculated using the full available price history since Mar 21, 2024	0.65

Over the past year, the correlation between EAFG and MCSE has dropped to 0.42 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

EAFG vs. MCSE - Sectors Allocation Comparison

Sectors	EAFG	MCSE
Technology	29.5%	31.1%
Healthcare	15.0%	20.1%
Industrials	14.8%	18.1%
Basic Materials	9.4%	5.1%
Communication Services	9.1%	4.7%
Consumer Cyclical	8.2%	13.8%
Consumer Defensive	4.0%	5.0%
Energy	2.8%	-
Utilities	2.0%	-
Financial Services	0.6%	2.1%
Real Estate	-	-

Return for Risk

EAFG vs. MCSE — Risk / Return Rank

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

EAFG

EAFG Risk / Return Rank: 45
EAFG Sharpe Ratio Rank: 45
EAFG Sortino Ratio Rank: 43
EAFG Omega Ratio Rank: 43
EAFG Calmar Ratio Rank: 47
EAFG Martin Ratio Rank: 48

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.

EAFG vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) 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.

	EAFG	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.37	+0.76
Sortino ratio: Return per unit of downside risk	1.61	0.58	+1.04
Omega ratio: Gain probability vs. loss probability	1.20	1.10	+0.10
Calmar ratio: Return relative to maximum drawdown	1.71	0.37	+1.35
Martin ratio: Return relative to average drawdown	5.57	0.92	+4.66

EAFG vs. MCSE - Sharpe Ratio Comparison

The current EAFG Sharpe Ratio is 1.13, which is higher than the MCSE Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of EAFG 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

EAFG vs. MCSE - Drawdown Comparison

The maximum EAFG drawdown since its inception was -16.47%, smaller than the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for EAFG and MCSE.

Drawdown Indicators

	EAFG	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-16.47%	-26.36%	+9.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-10.42%	-2.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.36%	—
Current Drawdown Current decline from peak	-7.46%	-10.51%	+3.05%
Average Drawdown Average peak-to-trough decline	-3.27%	-8.79%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	4.36%	-0.46%

Volatility

EAFG vs. MCSE - Volatility Comparison

Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) has a higher volatility of 6.34% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that EAFG'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

	EAFG	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	0.00%	+6.34%
Volatility (6M) Calculated over the trailing 6-month period	17.11%	1.91%	+15.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	10.71%	+8.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	19.08%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	19.08%	-1.20%

EAFG vs. MCSE - Expense Ratio Comparison

EAFG has a 0.65% expense ratio, which is higher than MCSE's 0.59% expense ratio.

Dividends

EAFG vs. MCSE - Dividend Comparison

EAFG's dividend yield for the trailing twelve months is around 2.04%, less than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF	2.04%	1.31%	1.99%	0.00%	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 EAFG and MCSE in my portfolio?

EAFG 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, EAFG or MCSE?

EAFG has higher volatility (6.34%) compared to MCSE (0.00%). In terms of maximum drawdown, EAFG dropped -16.47% vs MCSE's -26.36%.

Which ETF is better, EAFG or MCSE?

On 1-year performance, EAFG leads with 21.54% vs 4.30% for MCSE. On fees, MCSE is cheaper at 0.59% 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, EAFG or MCSE?

Over the 1-year period, EAFG has performed better with a 21.54% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EAFG or MCSE?

MCSE is cheaper with a 0.59% expense ratio, compared with 0.65% for EAFG.

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

MCSE has the higher dividend yield at 3.74%, compared with 2.04% for EAFG.

What is the main difference between EAFG and MCSE?

They also come from different issuers: Pacer and Franklin. Their fees differ too: 0.65% for EAFG and 0.59% for MCSE.

Which has better risk-adjusted returns?

EAFG currently has the higher Sharpe Ratio (1.13 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.