MULT vs. MCSE
MULT (Franklin Multisector Income ETF) and MCSE (Franklin Sustainable International Equity ETF) are both exchange-traded funds - MULT is a Multisector Bonds fund actively managed by Franklin, while MCSE is a Foreign Large Cap Equities fund actively managed by Franklin. Both are actively managed. Their 0.18 correlation means their historical movements had little consistent relationship. MULT charges 0.39%/yr vs 0.59%/yr for MCSE.
Performance
MULT vs. MCSE - Performance Comparison
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Returns By Period
In the year-to-date period, MULT achieves a 0.70% return, which is significantly lower than MCSE's 1.12% return.
MULT
- 1D
- -0.22%
- 1M
- -0.64%
- 6M
- 0.44%
- YTD
- 0.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $6.84K | $5.44K | $4.97K |
MULT vs. MCSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MULT Franklin Multisector Income ETF | 0.70% | 2.14% |
MCSE Franklin Sustainable International Equity ETF | 1.12% | 0.57% |
Correlation
The correlation between MULT and MCSE is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025 | 0.18 |
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Return for Risk
MULT vs. MCSE — Risk / Return Rank
MULT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MCSE
MULT vs. MCSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Multisector Income ETF (MULT) 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.
| MULT | MCSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.37 | — |
| Martin ratioReturn relative to average drawdown | — | 0.92 | — |
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Drawdowns
MULT vs. MCSE - Drawdown Comparison
The maximum MULT drawdown since its inception was -1.70%, smaller than the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for MULT and MCSE.
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Drawdown Indicators
| MULT | MCSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.70% | -26.36% | +24.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.36% | — |
Current DrawdownCurrent decline from peak | -0.68% | -10.51% | +9.83% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -8.79% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.36% | — |
Volatility
MULT vs. MCSE - Volatility Comparison
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Volatility by Period
| MULT | MCSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 10.71% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 19.08% | -16.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 19.08% | -16.15% |
MULT vs. MCSE - Expense Ratio Comparison
MULT has a 0.39% expense ratio, which is lower than MCSE's 0.59% expense ratio.
Dividends
MULT vs. MCSE - Dividend Comparison
MULT's dividend yield for the trailing twelve months is around 3.82%, more than MCSE's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MCSE Franklin Sustainable International Equity ETF | 3.74% | 3.78% | 0.63% | 0.57% | 0.48% |
MULT Franklin Multisector Income ETF | 3.82% | 1.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MULT and MCSE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MULT is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MULT is cheaper with a 0.39% expense ratio, compared with 0.59% for MCSE.
MULT has the higher dividend yield at 3.82%, compared with 3.74% for MCSE.
MULT is categorized as Multisector Bonds, while MCSE is Foreign Large Cap Equities. Their fees differ too: 0.39% for MULT and 0.59% for MCSE.
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