AVDE vs AVNM: Grades, Fees and Holdings Compared

Avantis International Equity ETF

AVDEANYSE Arca

Avantis All International Markets Equity ETF

AVNMANYSE Arca

Overlap

0.0%by weight

Expense ratio

AVDE −0.08pt a year

AVDE0.23%AVNM0.31%

Avg volume · 30D

AVDE 15.3×the volume

AVDE1.06MAVNM69.2K

3Y return · a year

AVNM +0.3pt

AVDE+21.0%AVNM+21.3%

AVDE vs AVNM Performance

Oct 31, 2025 – Nov 2, 2026

+15.9%AVDE+15.8%AVNM

Expense ratio: AVDE 0.23%, better; AVNM 0.31%
Fund size: AVDE $19.4B; AVNM $786M
1Y total return: AVDE +15.9%, better; AVNM +15.8%
Yield (12M): AVDE 2.83%; AVNM 2.93%, better
Holdings: AVDE 3391; AVNM 9
Avg volume (30D): AVDE 1.06M sh, better; AVNM 69.2K sh
NAV per share: AVDE $89.03; AVNM $80.14
52W range

ETF.net Grade

Pillar letters and Scores for AVDE, AVNM, with each pillar’s weight
Pillar	AVDE	AVNM
Cost30% weight	A96Higher	A85
Mission25% weight	Not scored	B55
Risk15% weight	B64Higher	B63
Tradability15% weight	A92Higher	A84
Holdings10% weight	A90Higher	D29
Durability5% weight	A89Higher	A74

Rank among International Active Equity funds

How we build Categories ›

Same Category. AVDE and AVNM are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

AVDE ranks 1st and AVNM 7th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76
Rank 7AAVNMAvantis All International Markets Equity ETFScore 72
Rank 8AGIEQGoldman Sachs Data Enhanced International Equity ETFScore 70

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

AVNMAAvantis All International Markets Equity ETF

In short

AVDE Active management at almost-index prices: Avantis runs roughly 3,300 developed-market stocks outside the US without tracking a benchmark, for 0.23% a year. One of the strongest implementations in its active international peer group.

AVNM One ticker for the entire Avantis international playbook: developed and emerging markets, large caps down to small caps, tilted toward cheaper and more profitable companies. A fund of funds holding the firm's own ETFs, 0.31% all in.

Stated mandate

AVDE Invests in a broad range of stocks of all sizes across non-U.S. developed countries, with active portfolio management rather than replication of a specified index.

AVNM The fund seeks long-term capital appreciation.

Why people hold it

AVDE 0.23% a year, well under half the typical fee in its active international peer group. Active management usually costs more than this.
Index-like breadth without an index: about 3,300 stocks of all sizes across non-US developed countries, chosen by managers rather than copied from a benchmark.avantisinvestors.com
A multi-billion-dollar fund that trades actively, so getting in and out tends to be cheap and easy. It pays out quarterly.
Sits at the top of a crowded field alongside rivals like DFIC and JIRE, priced within a basis point or two of both.

AVNM One trade buys Avantis's whole non-US lineup: developed and emerging markets, large caps through small caps, assembled from the firm's own ETFs.sec.gov
0.31% all in, below the category median, and the prospectus fee table shows nearly all of that is the underlying funds' own expenses, not a second management layer.sec.gov
Emerging markets are a built-in 30% target weight (range 15% to 40%), not a sleeve bolted onto a developed-markets core.sec.gov
Sits in the upper tier of its active international peer group, helped by low cost and steady day-to-day tradability. Pays quarterly.

Worth knowing

AVDE Developed markets only. Emerging markets are a separate purchase if you want them.
No index to grade the manager against, so results come down to Avantis's own portfolio calls rather than a published benchmark.
It is all-equity and all-foreign: stock market swings plus currency moves both show up in the price.

AVNM It is a wrapper: a short list of Avantis funds, one firm's research process end to end. Read the underlying funds' documents to see what you actually hold.sec.gov
Cheaper peers exist, such as AVDE at 0.23% and TACN at 0.00% net of a waiver through January 30, 2027; AVNM's fee covers a broader multi-fund stack.
Value and small-cap tilts plus the emerging-markets weight mean results can diverge from a plain cap-weighted international index in either direction.sec.gov

Full AVDE profile⁠

Full AVNM profile⁠

AVDE vs AVNM Holdings

How AVDE and AVNM differ

Overlap by weight

0.0%

Shared holdings make up 0.1% of AVDE and 0.0% of AVNM.

Level by level

Holdings0 in both0.0%
Countryby domicile71.9%
Sector11 Sectors92.2%
Asset classEquity100%

Sector

Sector weights in AVDE and AVNM, widest gap first
Sector	More in AVDEMore in AVNM	AVDE	AVNM
Technology	AVNM +6.6 points	7.9%	14.5%
Industrials	AVDE +2.8 points	19.2%	16.4%
Utilities	AVDE +1.4 points	3.7%	2.3%
Financials	AVDE +1.4 points	25.8%	24.4%
Health Care	AVDE +1.2 points	5.8%	4.6%
Consumer Discretionary	AVNM +0.7 points	9.2%	9.9%
Consumer Staples	AVDE +0.7 points	4.9%	4.2%
Communication	AVNM +0.3 points	4.1%	4.4%
Materials	AVDE +0.1 points	10.5%	10.4%
Real Estate	AVNM +0.1 points	1.3%	1.4%
Energy	Same weight	7.6%	7.6%

Country, concentration and asset class

Country by domicile

Country weights in AVDE and AVNM, widest gap first
Country	More in AVDEMore in AVNM	AVDE	AVNM
Taiwan	AVNM +8.8 points	0.0%	8.8%
Japan	AVDE +5.9 points	22.7%	16.8%
South Korea	AVNM +5.8 points	0.0%	5.8%
China	AVNM +5.0 points	0.2%	5.2%
India	AVNM +3.7 points	0.0%	3.7%
Canada	AVDE +3.4 points	12.3%	8.9%
United Kingdom	AVDE +3.1 points	12.2%	9.1%
Switzerland	AVDE +2.7 points	8.3%	5.6%
Other countries (31)	AVDE +8.2 points	44.3%	36.1%

Outside the US: AVDE 98% developed, 2% emerging. AVNM 70% developed, 30% emerging.

Concentration

Weight in the 10 largest Holdings

AVDE7.5%
AVNM100.0%

Securities held

AVDE3,373
AVNM8

Asset class

AVDE: Equity
AVNM: Equity

Holdings

Only in AVDE3,373
In both0
Only in AVNM8

Only in AVDE

3,373 securities, 99.9% of AVDE by weight

Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.091.24%
Roche Holding AG Common Stock CHF.0011.06%
Shell PLC Adr Adr1.02%
Hsbc Holdings PLC Spons Adr Adr0.68%
Nestle SA Reg Common Stock CHF.10.67%
Banco Bilbao Vizcaya Sp Adr Adr0.57%
Bp PLC Spons Adr Adr0.57%
Ubs Group AG Reg Common Stock USD.10.57%
Allianz SE Reg Common Stock0.56%
Bhp Group Ltd Spon Adr Adr0.54%
Zurich Insurance Group AG Common Stock CHF.10.51%
Novartis AG Sponsored Adr Adr0.50%
Canadian Natural Resources Common Stock0.48%
Suncor Energy Inc Common Stock0.47%
Totalenergies SE Common Stock0.46%
Toyota Motor Corp Spon Adr Adr0.46%
Royal Bank of Canada Common Stock0.45%
Toronto Dominion Bank Common Stock0.45%
Astrazeneca PLC Common Stock0.44%
Mitsubishi Ufj Finl Spon Adr Adr0.44%
Ing Groep N.v. Sponsored Adr Adr0.43%
Advantest Corp Common Stock0.43%
Safran SA Common Stock EUR.20.43%
Rolls Royce Holdings PLC Common Stock GBP.20.41%
Deutsche Telekom AG Reg Common Stock0.41%
Gsk PLC Spon Adr Adr0.37%
Repsol SA Common Stock EUR1.00.37%
Bnp Paribas Common Stock EUR2.00.37%
Sumitomo Mitsui Spons Adr Adr0.36%
Iberdrola SA Common Stock EUR.750.35%
Cenovus Energy Inc Common Stock0.34%
Standard Chartered PLC Common Stock USD.50.34%
Softbank Group Corp Common Stock0.33%
Vinci SA Common Stock EUR2.50.33%
Oversea Chinese Banking Corp Common Stock0.33%
Banco Santander SA Spon Adr Adr0.32%
Barclays PLC Spons Adr Adr0.32%
Rwe AG Common Stock0.32%
Bank of Montreal Common Stock0.32%
Agnico Eagle Mines Ltd Common Stock0.32%
Axa SA Common Stock EUR2.290.31%
Can Imperial Bk of Commerce Common Stock0.30%
Novo Nordisk A/S Spons Adr Adr0.30%
Schneider Electric SE Common Stock EUR4.00.30%
Recruit Holdings Co Ltd Common Stock0.29%
Unicredit Spa Common Stock0.29%
Muenchener Rueckver AG Reg Common Stock0.29%
Hitachi Ltd Common Stock0.29%
Bank of Nova Scotia Common Stock0.29%
Dbs Group Holdings Ltd Common Stock0.29%

Only in AVNM

8 securities, 100% of AVNM by weight

Avantis International Equity E Avantis International Equity40.74%
Avantis International Large Ca Avantis Intl Lrg Cap Val Etf20.85%
Avantis Emerging Markets Equit Avantis Emerging Markets Eq17.82%
Avantis Emerging Markets Value Avantis Emerging Markets Val9.47%
Avantis International Small Ca Avantis Intl S/C Value Etf6.70%
Avantis International Small Ca Avantis Intl Sm Cap Eq Etf2.24%
Avantis Emerging Markets Small Avantis Em Mkt Sm Cap Eq Etf2.07%
Ssc Government Mm Gvmxx0.10%

Weight gaps

AVDE and AVNM share no securities.

All 3,342 AVDE holdings⁠All 7 AVNM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVDE vs AVNM Cost

Overpaying AVNM vs AVDE

$1,587

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AVDE 0.23%
$4,759
AVNM 0.31%
$6,346

Amount$10,000

Years30 years

Cost over time

AVDE 0.23%
AVNM 0.31%
Overpaying

Year by year

Year	AVDE	AVNM	Overpaying
10	$419	$563	$144
20	$1,630	$2,182	$552
30	$4,759	$6,346	$1,587

Expense ratio

0.23%AVDE, cheaper
0.31%AVNM

AVDE0.23%AVNM0.31%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

AVDE 3rd cheapest of 55 funds

AVNM 9th cheapest of 55 funds

AVDE vs AVNM Dividends

Last 12 months to Nov 2, 2026

Yield (12M): AVDE 2.83%; AVNM 2.93%, better
Payout (12M): AVDE $2.53; AVNM $2.35
Last payment: AVDE $0.33; AVNM $0.41
Ex-dividend: AVDE Sep 8, 2026; AVNM Sep 10, 2026
Paid on: AVDE Sep 10, 2026; AVNM Sep 14, 2026
Frequency: AVDE Quarterly; AVNM Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠

AVNMQuarterly · 8 paymentsAll AVNM payments⁠

AVDE vs AVNM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AVDE 12.1%, betterAVNM 12.4%
Return per unit of riskSharpe ratio, 3 years: AVDE 1.35AVNM 1.35
Worst fallMax drawdown, 5 years: AVDE −28.7%AVNM −14.0%since Jun 2023
Market sensitivityBeta, 5 years: AVDE 0.88AVNM 0.81; Market = 1

AVDE and AVNM in the news

All news⁠

New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026AVDE
New ETFs
Three new international stock funds, and none is the cheap one
Oct 5, 2026AVNM
New ETFs
Avantis lists an international stock ETF with Vanguard on top
Oct 5, 2026AVNM
ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026AVDE
ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026AVDE
New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026AVDE

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AVDE vs AVNM

In short

Stated mandate

Why people hold it