IFLO vs. MCSE

Last updated Aug 2, 2026

IFLO (VictoryShares International Free Cash Flow ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. IFLO is passively managed, while MCSE is actively managed. Over the past year, IFLO returned 36.91% vs 4.30% for MCSE. Their 0.45 correlation means their historical movements had little consistent relationship. IFLO charges 0.56%/yr vs 0.59%/yr for MCSE.

Performance

IFLO vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Free Cash Flow ETF (IFLO) 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, IFLO achieves a 22.59% return, which is significantly higher than MCSE's 1.12% return.

IFLO

• 1D: -1.73%
• 1M: 3.06%
• 6M: 17.38%
• YTD: 22.59%
• 1Y: 36.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.80%

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)
IFLO VictoryShares International Free Cash Flow ETF	$595.85K	$548.57K	$406.06K
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

IFLO vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025
IFLO VictoryShares International Free Cash Flow ETF	22.59%	13.12%
MCSE Franklin Sustainable International Equity ETF	1.12%	0.32%

Correlation

The correlation between IFLO and MCSE is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.45

IFLO vs. MCSE - Sectors Allocation Comparison

Sectors	IFLO	MCSE
Industrials	17.8%	18.1%
Technology	16.8%	31.1%
Energy	14.4%	-
Basic Materials	13.8%	5.1%
Healthcare	12.7%	20.1%
Consumer Cyclical	10.8%	13.8%
Consumer Defensive	6.7%	5.0%
Communication Services	5.3%	4.7%
Financial Services	0.8%	2.1%
Utilities	0.8%	-
Real Estate	0.0%	-

Return for Risk

IFLO vs. MCSE — Risk / Return Rank

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

IFLO

IFLO Risk / Return Rank: 94
IFLO Sharpe Ratio Rank: 94
IFLO Sortino Ratio Rank: 93
IFLO Omega Ratio Rank: 92
IFLO Calmar Ratio Rank: 96
IFLO Martin Ratio Rank: 95

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.

IFLO vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Free Cash Flow ETF (IFLO) 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.

	IFLO	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	2.57	0.37	+2.20
Sortino ratio: Return per unit of downside risk	3.60	0.58	+3.02
Omega ratio: Gain probability vs. loss probability	1.45	1.10	+0.35
Calmar ratio: Return relative to maximum drawdown	5.73	0.37	+5.37
Martin ratio: Return relative to average drawdown	19.78	0.92	+18.86

IFLO vs. MCSE - Sharpe Ratio Comparison

The current IFLO Sharpe Ratio is 2.57, which is higher than the MCSE Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of IFLO 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

IFLO vs. MCSE - Drawdown Comparison

The maximum IFLO drawdown since its inception was -6.44%, smaller than the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for IFLO and MCSE.

Drawdown Indicators

	IFLO	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-26.36%	+19.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-10.42%	+3.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.36%	—
Current Drawdown Current decline from peak	-1.73%	-10.51%	+8.78%
Average Drawdown Average peak-to-trough decline	-1.29%	-8.79%	+7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	4.36%	-2.50%

Volatility

IFLO vs. MCSE - Volatility Comparison

VictoryShares International Free Cash Flow ETF (IFLO) has a higher volatility of 4.10% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that IFLO'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

	IFLO	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	0.00%	+4.10%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	1.91%	+10.41%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	10.71%	+3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	19.08%	-4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	19.08%	-4.49%

IFLO vs. MCSE - Expense Ratio Comparison

IFLO has a 0.56% expense ratio, which is lower than MCSE's 0.59% expense ratio.

Dividends

IFLO vs. MCSE - Dividend Comparison

IFLO's dividend yield for the trailing twelve months is around 1.52%, less than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022
IFLO VictoryShares International Free Cash Flow ETF	1.52%	0.73%	0.00%	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 IFLO and MCSE in my portfolio?

IFLO and MCSE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFLO or MCSE?

IFLO has higher volatility (4.10%) compared to MCSE (0.00%). In terms of maximum drawdown, IFLO dropped -6.44% vs MCSE's -26.36%.

Which ETF is better, IFLO or MCSE?

On 1-year performance, IFLO leads with 36.91% vs 4.30% for MCSE. On fees, IFLO is cheaper at 0.56% 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, IFLO or MCSE?

Over the 1-year period, IFLO has performed better with a 36.91% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFLO or MCSE?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.59% for MCSE.

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

MCSE has the higher dividend yield at 3.74%, compared with 1.52% for IFLO.

What is the main difference between IFLO and MCSE?

They also come from different issuers: VictoryShares and Franklin. Their fees differ too: 0.56% for IFLO and 0.59% for MCSE.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.57 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.