PIEL vs. MCSE
PIEL (Pacer International Export Leaders ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. PIEL is passively managed, while MCSE is actively managed. Their 0.06 correlation means their historical movements had little consistent relationship. PIEL charges 0.60%/yr vs 0.59%/yr for MCSE.
Performance
PIEL vs. MCSE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIEL achieves a 12.32% return, which is significantly higher than MCSE's 1.12% return.
PIEL
- 1D
- -0.39%
- 1M
- -3.22%
- 6M
- 8.29%
- YTD
- 12.32%
- 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 | |
| $1.50K | $4.13K | $8.68K |
PIEL vs. MCSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PIEL Pacer International Export Leaders ETF | 12.32% | -0.43% |
MCSE Franklin Sustainable International Equity ETF | 1.12% | 0.20% |
Correlation
The correlation between PIEL and MCSE 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 (All Time) Calculated using the full available price history since Dec 23, 2025 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PIEL vs. MCSE — Risk / Return Rank
PIEL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MCSE
PIEL vs. MCSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer International Export Leaders ETF (PIEL) 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.
| PIEL | 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 | — |
Loading charts...
Drawdowns
PIEL vs. MCSE - Drawdown Comparison
The maximum PIEL drawdown since its inception was -14.67%, smaller than the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for PIEL and MCSE.
Loading charts...
Drawdown Indicators
| PIEL | MCSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.67% | -26.36% | +11.69% |
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 | -6.03% | -10.51% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -8.79% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.36% | — |
Volatility
PIEL vs. MCSE - Volatility Comparison
Loading charts...
Volatility by Period
| PIEL | 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 | 24.42% | 10.71% | +13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.42% | 19.08% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.42% | 19.08% | +5.34% |
PIEL vs. MCSE - Expense Ratio Comparison
PIEL has a 0.60% expense ratio, which is higher than MCSE's 0.59% expense ratio.
Dividends
PIEL vs. MCSE - Dividend Comparison
PIEL has not paid dividends to shareholders, while MCSE's dividend yield for the trailing twelve months is around 3.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MCSE Franklin Sustainable International Equity ETF | 3.74% | 3.78% | 0.63% | 0.57% | 0.48% |
PIEL Pacer International Export Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PIEL and MCSE 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.
On fees, MCSE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCSE is cheaper with a 0.59% expense ratio, compared with 0.60% for PIEL.
MCSE has the higher dividend yield at 3.74%, compared with 0.00% for PIEL.
They also come from different issuers: Pacer and Franklin. Their fees differ too: 0.60% for PIEL and 0.59% for MCSE.
Find the right allocation for PIEL and MCSE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer