T. Rowe Price International Equity Research ETF
$31.67−0.11 (−0.35%)
- 0.38%
- $139M
- +19.8%
- 0M sh
- $31.91
- low $26.76high $34.49
The ETF.net TIER Grade
B
Score 64 out of 100
- 15 of 57
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A81 out of 100Rank 11 of 57Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 25 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 39 of 57Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 12 of 53Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 33 of 57
Our read on TIER
BRoughly 40 T. Rowe Price analysts pick the stocks, while sector and industry weights stay close to the MSCI ACWI ex USA Index. The wager here is name-by-name research abroad, not a call on which sector or region takes the lead.
The fund seeks long-term capital appreciation. It is an actively managed ETF investing primarily in non-U.S. stocks across developed and emerging markets, using bottom-up research and seeking excess returns relative to the MSCI ACWI ex USA Index.
Why people hold it
- Charges 0.38%, below the 0.60% median for active international equity funds in its peer group.
- The portfolio is built from the picks of roughly 40 T. Rowe Price equity research analysts, with portfolio managers holding oversight and final discretion.troweprice.com
- Sector and industry weights hug the MSCI ACWI ex USA Index, so results relative to that benchmark hinge on stock selection rather than sector bets.troweprice.com
- One ticker covers both developed and emerging markets, spread across roughly 300 stocks, in a fully transparent active ETF wrapper.prnewswire.com
Worth knowing
- Index-like sector weights cut both ways: the fund has less room to reallocate across sectors than active funds with a freer hand, and can lag them as a result.troweprice.com
- It began trading in June 2025, so the track record is short, and it remains a small, thinly traded fund where bid-ask spreads deserve a look before you trade.
- Cheaper systematic rivals cover similar ground, with AVDE at 0.23% and DFIC at 0.22%.
TIER Holdings
- Stocks
- 435
- 16%
- 2330.TW
Sectors
- Financials25.2%
- Technology23.7%
- Industrials13.2%
- Consumer Discretionary6.8%
- Materials6.7%
- Health Care6.6%
- Energy5.6%
- Communication5.2%
- Consumer Staples4.2%
- Utilities2.1%
- Real Estate0.6%
Geography
- Japan17.90%
- Taiwan (Province of China)11.09%
- United Kingdom10.52%
- Canada9.08%
- Germany6.00%
- Switzerland5.79%
- China5.23%
- Netherlands5.04%
- 29.36%
Developed 75% · Emerging 25%
TIER Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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TIER$11,984
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TIER |
|---|---|
| Year to date | +12.6% |
| 1 month | −3.2% |
| 3 months | −1.4% |
| 1 year | +19.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TIER |
|---|---|---|
| 2026 YTD | +12.6% | |
| 2025 | +12.4% |
TIER in the news
TIER Dividends
- $0.21 per share
- Irregular
Distribution data unavailable.
Distribution history
TIER Risk
- 14.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.16
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TIER Cost
0.38%
TIER0.38%
- The middle half of International Active Equity funds
- Median 0.59%
10 of the 55 International Active Equity funds charge less.
Other funds in International Active Equity
- BINEQColumbia International Equity Income ETFExpense ratio 0.45%1 year return +17.9%
- BPIEQPrincipal Exchange-Traded Funds - Principal International Equity ETFExpense ratio 0.48%1 year return +15.1%
- BCGICCapital Group International Core Equity ETFExpense ratio 0.54%1 year return +19.4%
- BVIDIVident International Equity Strategy ETFExpense ratio 0.61%1 year return +31.2%
- BPQNTPictet AI Enhanced International Equity ETFExpense ratio 0.30%1 year return —