MCSE vs. IFLO

Last updated Jun 26, 2026

MCSE (Martin Currie Sustainable International Equity ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, MCSE returned 1.44% vs 32.28% for IFLO. At a 0.48 correlation, their price movements are largely independent. MCSE charges 0.59%/yr vs 0.56%/yr for IFLO.

Performance

MCSE vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Martin Currie Sustainable International Equity ETF (MCSE) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCSE achieves a 1.12% return, which is significantly lower than IFLO's 16.93% return.

MCSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.12%
• 6M: 0.51%
• 1Y: 1.44%
• 3Y*: 0.69%
• 5Y*: —
• 10Y*: —

IFLO

• 1D: 0.43%
• 1M: -1.62%
• YTD: 16.93%
• 6M: 16.46%
• 1Y: 32.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCSE vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
MCSE Martin Currie Sustainable International Equity ETF	1.12%	0.32%
IFLO VictoryShares International Free Cash Flow ETF	16.93%	13.12%

Correlation

The correlation between MCSE and IFLO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.48

MCSE vs. IFLO - Sectors Allocation Comparison

Sectors	MCSE	IFLO
Technology	31.1%	21.5%
Healthcare	20.1%	11.7%
Industrials	18.1%	18.1%
Consumer Cyclical	13.8%	13.8%
Basic Materials	5.1%	11.3%
Consumer Defensive	5.0%	2.8%
Communication Services	4.7%	6.7%
Financial Services	2.1%	1.1%
Energy	-	12.1%
Real Estate	-	0.0%
Utilities	-	1.0%

Return for Risk

MCSE vs. IFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCSE

MCSE Risk / Return Rank: 10
MCSE Sharpe Ratio Rank: 11
MCSE Sortino Ratio Rank: 9
MCSE Omega Ratio Rank: 10
MCSE Calmar Ratio Rank: 10
MCSE Martin Ratio Rank: 10

IFLO

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCSE vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Martin Currie Sustainable International Equity ETF (MCSE) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	MCSE	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	0.14	—	—
Sortino ratio: Return per unit of downside risk	0.26	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.15	—	—
Martin ratio: Return relative to average drawdown	0.36	—	—

Drawdowns

MCSE vs. IFLO - Drawdown Comparison

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

Drawdown Indicators

	MCSE	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-26.36%	-6.44%	-19.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-6.44%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-26.36%	—	—
Current Drawdown Current decline from peak	-10.51%	-3.37%	-7.14%
Average Drawdown Average peak-to-trough decline	-8.75%	-1.25%	-7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	—	—

Volatility

Volatility by Period

	MCSE	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	14.75%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	14.75%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.35%	14.75%	+4.60%

MCSE vs. IFLO - Expense Ratio Comparison

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

Dividends

MCSE vs. IFLO - Dividend Comparison

MCSE's dividend yield for the trailing twelve months is around 3.74%, more than IFLO's 1.51% yield.

Position	TTM	2025	2024	2023	2022
IFLO VictoryShares International Free Cash Flow ETF	1.51%	0.73%	0.00%	0.00%	0.00%
MCSE Martin Currie Sustainable International Equity ETF	3.74%	3.78%	0.63%	0.57%	0.48%

Frequently Asked Questions

Can I hold both MCSE and IFLO in my portfolio?

MCSE and IFLO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MCSE or IFLO?

On 1-year performance, IFLO leads with 32.28% vs 1.44% for MCSE. On fees, IFLO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MCSE or IFLO?

Over the 1-year period, IFLO has performed better with a 32.28% return vs 1.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MCSE or IFLO?

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

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

MCSE has the higher dividend yield at 3.74%, compared with 1.51% for IFLO.

What is the main difference between MCSE and IFLO?

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