TOUS vs. MCSE

Last updated Aug 4, 2026

TOUS (T. Rowe Price International Equity ETF) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 3 years, TOUS returned 18.42%/yr vs 0.74%/yr for MCSE. Their 0.71 correlation means they have sometimes moved together and sometimes differently. TOUS charges 0.50%/yr vs 0.59%/yr for MCSE.

Performance

TOUS vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Equity ETF (TOUS) 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, TOUS achieves a 13.28% return, which is significantly higher than MCSE's 1.12% return.

TOUS

• 1D: 0.43%
• 1M: 1.35%
• 6M: 6.89%
• YTD: 13.28%
• 1Y: 25.56%
• 3Y*: 18.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.81%

MCSE

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 1.12%
• 1Y: 4.30%
• 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)
MCSE Franklin Sustainable International Equity ETF	$0.00	$0.00	$0.00
TOUS T. Rowe Price International Equity ETF	$4.35M	$4.52M	$6.67M

TOUS vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TOUS T. Rowe Price International Equity ETF	13.28%	34.00%	3.63%	3.45%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	-0.13%

Correlation

The correlation between TOUS and MCSE is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.71

Over the past year, the correlation between TOUS and MCSE has dropped to 0.45 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

TOUS vs. MCSE - Sectors Allocation Comparison

Sectors	TOUS	MCSE
Financial Services	22.2%	2.1%
Industrials	18.9%	18.1%
Technology	15.7%	31.1%
Healthcare	10.9%	20.1%
Consumer Cyclical	7.2%	13.8%
Consumer Defensive	7.2%	5.0%
Basic Materials	4.8%	5.1%
Communication Services	4.4%	4.7%
Energy	4.3%	-
Utilities	3.1%	-
Real Estate	1.5%	-

Return for Risk

TOUS vs. MCSE — Risk / Return Rank

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

TOUS

TOUS Risk / Return Rank: 63
TOUS Sharpe Ratio Rank: 65
TOUS Sortino Ratio Rank: 68
TOUS Omega Ratio Rank: 65
TOUS Calmar Ratio Rank: 57
TOUS Martin Ratio Rank: 61

MCSE

MCSE Risk / Return Rank: 20
MCSE Sharpe Ratio Rank: 20
MCSE Sortino Ratio Rank: 19
MCSE Omega Ratio Rank: 24
MCSE Calmar Ratio Rank: 18
MCSE Martin Ratio Rank: 18

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.

TOUS vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity ETF (TOUS) 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.

	TOUS	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	1.59	0.46	+1.13
Sortino ratio: Return per unit of downside risk	2.31	0.70	+1.62
Omega ratio: Gain probability vs. loss probability	1.29	1.12	+0.17
Calmar ratio: Return relative to maximum drawdown	2.10	0.45	+1.64
Martin ratio: Return relative to average drawdown	7.65	1.13	+6.52

TOUS vs. MCSE - Sharpe Ratio Comparison

The current TOUS Sharpe Ratio is 1.59, which is higher than the MCSE Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of TOUS 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

TOUS vs. MCSE - Drawdown Comparison

The maximum TOUS drawdown since its inception was -14.29%, smaller than the maximum MCSE drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for TOUS and MCSE.

Drawdown Indicators

	TOUS	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-26.36%	+12.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-10.42%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-26.36%	+12.07%
Current Drawdown Current decline from peak	-0.15%	-10.51%	+10.36%
Average Drawdown Average peak-to-trough decline	-2.75%	-8.80%	+6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	4.37%	-1.02%

Volatility

TOUS vs. MCSE - Volatility Comparison

T. Rowe Price International Equity ETF (TOUS) has a higher volatility of 4.63% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that TOUS'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

	TOUS	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	0.00%	+4.63%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	1.87%	+12.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.18%	10.29%	+5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	19.07%	-3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	19.07%	-3.78%

TOUS vs. MCSE - Expense Ratio Comparison

TOUS has a 0.50% expense ratio, which is lower than MCSE's 0.59% expense ratio.

Dividends

TOUS vs. MCSE - Dividend Comparison

TOUS's dividend yield for the trailing twelve months is around 1.54%, less 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%
TOUS T. Rowe Price International Equity ETF	1.54%	1.74%	3.01%	0.50%	0.00%

Frequently Asked Questions

Can I hold both TOUS and MCSE in my portfolio?

TOUS and MCSE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOUS or MCSE?

TOUS has higher volatility (4.63%) compared to MCSE (0.00%). In terms of maximum drawdown, TOUS dropped -14.29% vs MCSE's -26.36%.

Which ETF is better, TOUS or MCSE?

On 3-year performance, TOUS leads with 18.42% vs 0.74% for MCSE. On fees, TOUS is cheaper at 0.50% 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, TOUS or MCSE?

Over the 3-year period, TOUS has performed better with a 18.42% return vs 0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOUS or MCSE?

TOUS is cheaper with a 0.50% expense ratio, compared with 0.59% for MCSE.

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

MCSE has the higher dividend yield at 3.74%, compared with 1.54% for TOUS.

What is the main difference between TOUS and MCSE?

They also come from different issuers: T. Rowe Price and Franklin. Their fees differ too: 0.50% for TOUS and 0.59% for MCSE.

Which has better risk-adjusted returns?

TOUS currently has the higher Sharpe Ratio (1.59 vs 0.46), 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.