VIDI vs. MCSE

Last updated Aug 4, 2026

VIDI (Vident International Equity Fund) and MCSE (Franklin Sustainable International Equity ETF) are both Foreign Large Cap Equities funds. VIDI is passively managed, while MCSE is actively managed. Over the past 3 years, VIDI returned 23.05%/yr vs 0.74%/yr for MCSE. Their 0.65 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.59% expense ratio.

Performance

VIDI vs. MCSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vident International Equity Fund (VIDI) 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, VIDI achieves a 16.82% return, which is significantly higher than MCSE's 1.12% return.

VIDI

• 1D: 0.40%
• 1M: -0.21%
• 6M: 7.21%
• YTD: 16.82%
• 1Y: 36.68%
• 3Y*: 23.05%
• 5Y*: 12.10%
• 10Y*: 10.23%
• ALL TIME*: 7.00%

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
VIDI Vident International Equity Fund	$389.64K	$469.97K	$624.30K

VIDI vs. MCSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VIDI Vident International Equity Fund	16.82%	41.83%	6.03%	18.92%	10.43%
MCSE Franklin Sustainable International Equity ETF	1.12%	7.79%	-9.46%	14.86%	10.04%

Correlation

The correlation between VIDI and MCSE is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.65

Over the past year, the correlation between VIDI and MCSE has dropped to 0.43 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

VIDI vs. MCSE - Sectors Allocation Comparison

Sectors	VIDI	MCSE
Industrials	19.7%	18.1%
Financial Services	18.6%	2.1%
Technology	17.9%	31.1%
Consumer Cyclical	10.1%	13.8%
Basic Materials	7.0%	5.1%
Energy	6.4%	-
Healthcare	6.4%	20.1%
Consumer Defensive	5.7%	5.0%
Communication Services	5.1%	4.7%
Utilities	2.7%	-
Real Estate	0.6%	-

Return for Risk

VIDI vs. MCSE — Risk / Return Rank

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

VIDI

VIDI Risk / Return Rank: 87
VIDI Sharpe Ratio Rank: 90
VIDI Sortino Ratio Rank: 87
VIDI Omega Ratio Rank: 89
VIDI Calmar Ratio Rank: 88
VIDI Martin Ratio Rank: 81

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.

VIDI vs. MCSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vident International Equity Fund (VIDI) 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.

	VIDI	MCSE	Difference
Sharpe ratio: Return per unit of total volatility	2.29	0.46	+1.83
Sortino ratio: Return per unit of downside risk	3.04	0.70	+2.35
Omega ratio: Gain probability vs. loss probability	1.42	1.12	+0.30
Calmar ratio: Return relative to maximum drawdown	3.66	0.45	+3.20
Martin ratio: Return relative to average drawdown	11.19	1.13	+10.06

VIDI vs. MCSE - Sharpe Ratio Comparison

The current VIDI Sharpe Ratio is 2.29, which is higher than the MCSE Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of VIDI 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

VIDI vs. MCSE - Drawdown Comparison

The maximum VIDI drawdown since its inception was -48.39%, which is greater than MCSE's maximum drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for VIDI and MCSE.

Drawdown Indicators

	VIDI	MCSE	Difference
Max Drawdown Largest peak-to-trough decline	-48.39%	-26.36%	-22.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-10.42%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.54%	-26.36%	+11.82%
Max Drawdown (5Y) Largest decline over 5 years	-27.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.39%	—	—
Current Drawdown Current decline from peak	-5.66%	-10.51%	+4.85%
Average Drawdown Average peak-to-trough decline	-10.32%	-8.80%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	4.37%	-1.08%

Volatility

VIDI vs. MCSE - Volatility Comparison

Vident International Equity Fund (VIDI) has a higher volatility of 5.07% compared to Franklin Sustainable International Equity ETF (MCSE) at 0.00%. This indicates that VIDI'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

	VIDI	MCSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	0.00%	+5.07%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	1.87%	+12.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	10.29%	+5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	19.07%	-2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	19.07%	-1.11%

VIDI vs. MCSE - Expense Ratio Comparison

Both VIDI and MCSE have an expense ratio of 0.59%.

Dividends

VIDI vs. MCSE - Dividend Comparison

VIDI's dividend yield for the trailing twelve months is around 3.99%, more than MCSE's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCSE Franklin Sustainable International Equity ETF	3.74%	3.78%	0.63%	0.57%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIDI Vident International Equity Fund	3.99%	4.26%	4.93%	4.14%	5.85%	4.62%	2.51%	3.35%	2.80%	2.21%	1.92%	2.25%

Frequently Asked Questions

Can I hold both VIDI and MCSE in my portfolio?

VIDI and MCSE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIDI or MCSE?

VIDI has higher volatility (5.07%) compared to MCSE (0.00%). In terms of maximum drawdown, VIDI dropped -48.39% vs MCSE's -26.36%.

Which ETF is better, VIDI or MCSE?

On 3-year performance, VIDI leads with 23.05% vs 0.74% for MCSE. Both ETFs have the same 0.59% expense ratio. 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, VIDI or MCSE?

Over the 3-year period, VIDI has performed better with a 23.05% return vs 0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIDI or MCSE?

VIDI and MCSE have the same expense ratio: 0.59% per year.

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

VIDI has the higher dividend yield at 3.99%, compared with 3.74% for MCSE.

What is the main difference between VIDI and MCSE?

They also come from different issuers: Vident and Franklin.

Which has better risk-adjusted returns?

VIDI currently has the higher Sharpe Ratio (2.29 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.