MCSE vs. ISCMF
MCSE (Franklin Sustainable International Equity ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - MCSE is a Foreign Large Cap Equities fund actively managed by Franklin, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. MCSE is actively managed, while ISCMF is passively managed. Over the past 3 years, MCSE returned -0.12%/yr vs 10.24%/yr for ISCMF. Their 0.00 correlation means their historical movements had little consistent relationship. MCSE charges 0.59%/yr vs 0.19%/yr for ISCMF.
Performance
MCSE vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, MCSE achieves a 1.12% return, which is significantly lower than ISCMF's 11.96% return.
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%
ISCMF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.00%
- YTD
- 11.96%
- 1Y
- 21.66%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $9.78K | $53.76K | |
| $0.00 | $0.00 | $0.00 |
MCSE vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MCSE Franklin Sustainable International Equity ETF | 1.12% | 7.79% | -9.46% | 14.86% | 10.04% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 19.65% | 3.13% | -9.58% | -2.34% |
Correlation
The correlation between MCSE and ISCMF is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022 | 0.00 |
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Return for Risk
MCSE vs. ISCMF — Risk / Return Rank
MCSE
ISCMF
MCSE vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Sustainable International Equity ETF (MCSE) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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 | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.81 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.59 | -1.22 |
| Martin ratioReturn relative to average drawdown | 0.92 | 4.79 | -3.87 |
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Drawdowns
MCSE vs. ISCMF - Drawdown Comparison
The maximum MCSE drawdown since its inception was -26.36%, roughly equal to the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for MCSE and ISCMF.
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Drawdown Indicators
| MCSE | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.36% | -25.42% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -13.68% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -13.68% | -12.68% |
Current DrawdownCurrent decline from peak | -10.51% | -13.68% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -13.31% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 4.53% | -0.17% |
Volatility
MCSE vs. ISCMF - Volatility Comparison
The current volatility for Franklin Sustainable International Equity ETF (MCSE) is 0.00%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 9.30%. This indicates that MCSE experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCSE | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 9.30% | -9.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 17.32% | -15.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 19.57% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 14.74% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 14.74% | +4.34% |
MCSE vs. ISCMF - Expense Ratio Comparison
MCSE has a 0.59% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
MCSE vs. ISCMF - Dividend Comparison
MCSE's dividend yield for the trailing twelve months is around 3.74%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 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
MCSE and ISCMF have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (9.30%) compared to MCSE (0.00%). In terms of maximum drawdown, MCSE dropped -26.36% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 10.24% vs -0.12% for MCSE. On fees, ISCMF is cheaper at 0.19% 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.
Over the 3-year period, ISCMF has performed better with a 10.24% return vs -0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCMF is cheaper with a 0.19% expense ratio, compared with 0.59% for MCSE.
MCSE has the higher dividend yield at 3.74%, compared with 0.00% for ISCMF.
MCSE is categorized as Foreign Large Cap Equities, while ISCMF is Commodities. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.59% for MCSE and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.11 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.
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