JPIN vs. MCSE

Last updated Aug 5, 2026

JPIN (J.P. Morgan Diversified Return International Equity ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. JPIN is passively managed, while MCSE is actively managed. Over the past 3 years, JPIN returned 18.27%/yr vs 0.74%/yr for MCSE. Their 0.67 correlation means they have sometimes moved together and sometimes differently. JPIN charges 0.37%/yr vs 0.59%/yr for MCSE.

Performance

JPIN vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.P. Morgan Diversified Return International Equity ETF (JPIN) 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, JPIN achieves a 13.08% return, which is significantly higher than MCSE's 1.12% return.

JPIN

• 1D: 1.06%
• 1M: 3.91%
• 6M: 6.41%
• YTD: 13.08%
• 1Y: 23.83%
• 3Y*: 18.27%
• 5Y*: 8.72%
• 10Y*: 7.95%
• ALL TIME*: 7.18%

MCSE

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 1.12%
• 1Y: 3.22%
• 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)
JPIN J.P. Morgan Diversified Return International Equity ETF	$315.55K	$690.45K	$660.86K
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00

JPIN vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPIN J.P. Morgan Diversified Return International Equity ETF	13.08%	33.27%	2.66%	17.45%	10.32%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	14.86%	10.04%

Correlation

The correlation between JPIN 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 (3Y) Balances recent behavior with more history.	0.63
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.67

Over the past year, the correlation between JPIN and MCSE has dropped to 0.41 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

JPIN vs. MCSE - Sectors Allocation Comparison

Sectors	JPIN	MCSE
Industrials	10.4%	18.1%
Real Estate	8.6%	-
Consumer Defensive	8.5%	5.0%
Healthcare	8.3%	20.1%
Basic Materials	8.0%	5.1%
Financial Services	7.4%	2.1%
Consumer Cyclical	7.3%	13.8%
Utilities	6.6%	-
Communication Services	5.6%	4.7%
Energy	4.4%	-
Technology	3.9%	31.1%

Return for Risk

JPIN vs. MCSE — Risk / Return Rank

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

JPIN

JPIN Risk / Return Rank: 61
JPIN Sharpe Ratio Rank: 64
JPIN Sortino Ratio Rank: 64
JPIN Omega Ratio Rank: 64
JPIN Calmar Ratio Rank: 58
JPIN Martin Ratio Rank: 56

MCSE

MCSE Risk / Return Rank: 17
MCSE Sharpe Ratio Rank: 17
MCSE Sortino Ratio Rank: 16
MCSE Omega Ratio Rank: 20
MCSE Calmar Ratio Rank: 15
MCSE Martin Ratio Rank: 16

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.

JPIN vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return International Equity ETF (JPIN) 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.

	JPIN	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	1.69	0.35	+1.34
Sortino ratio: Return per unit of downside risk	2.40	0.54	+1.86
Omega ratio: Gain probability vs. loss probability	1.31	1.09	+0.21
Calmar ratio: Return relative to maximum drawdown	2.30	0.34	+1.96
Martin ratio: Return relative to average drawdown	7.39	0.84	+6.55

JPIN vs. MCSE - Sharpe Ratio Comparison

The current JPIN Sharpe Ratio is 1.69, which is higher than the MCSE Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of JPIN 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

JPIN vs. MCSE - Drawdown Comparison

The maximum JPIN drawdown since its inception was -36.69%, which is greater than MCSE's maximum drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for JPIN and MCSE.

Drawdown Indicators

	JPIN	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-36.69%	-26.36%	-10.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.41%	-10.42%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-12.32%	-26.36%	+14.04%
Max Drawdown (5Y) Largest decline over 5 years	-29.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.69%	—	—
Current Drawdown Current decline from peak	-0.11%	-10.51%	+10.40%
Average Drawdown Average peak-to-trough decline	-6.97%	-8.80%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	4.38%	-1.15%

Volatility

JPIN vs. MCSE - Volatility Comparison

J.P. Morgan Diversified Return International Equity ETF (JPIN) has a higher volatility of 3.73% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that JPIN'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

	JPIN	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	0.00%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	12.34%	1.87%	+10.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.24%	10.27%	+3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	19.06%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	19.06%	-3.27%

JPIN vs. MCSE - Expense Ratio Comparison

JPIN has a 0.37% expense ratio, which is lower than MCSE's 0.59% expense ratio.

Dividends

JPIN vs. MCSE - Dividend Comparison

JPIN's dividend yield for the trailing twelve months is around 4.04%, more than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPIN J.P. Morgan Diversified Return International Equity ETF	4.04%	4.50%	4.20%	6.22%	3.06%	5.03%	2.45%	3.30%	2.72%	2.12%	1.67%	2.18%
MCSE Franklin Sustainable International Equity ETF	3.74%	3.78%	0.63%	0.57%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPIN and MCSE in my portfolio?

JPIN 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, JPIN or MCSE?

JPIN has higher volatility (3.73%) compared to MCSE (0.00%). In terms of maximum drawdown, JPIN dropped -36.69% vs MCSE's -26.36%.

Which ETF is better, JPIN or MCSE?

On 3-year performance, JPIN leads with 18.27% vs 0.74% for MCSE. On fees, JPIN is cheaper at 0.37% 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, JPIN or MCSE?

Over the 3-year period, JPIN has performed better with a 18.27% return vs 0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPIN or MCSE?

JPIN is cheaper with a 0.37% expense ratio, compared with 0.59% for MCSE.

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

JPIN has the higher dividend yield at 4.04%, compared with 3.74% for MCSE.

What is the main difference between JPIN and MCSE?

They also come from different issuers: JPMorgan and Franklin. Their fees differ too: 0.37% for JPIN and 0.59% for MCSE.

Which has better risk-adjusted returns?

JPIN currently has the higher Sharpe Ratio (1.69 vs 0.35), 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.