AVDE vs MFSI: Grades, Fees and Holdings Compared

Avantis International Equity ETF

AVDEANYSE Arca

MFS Active International ETF

MFSICNYSE

Overlap

8.6%by weight

Expense ratio

AVDE −0.36pt a year

AVDE0.23%MFSI0.59%

Avg volume · 30D

AVDE 4.8×the volume

AVDE1.06MMFSI218K

AVDE vs MFSI Performance

Oct 31, 2025 – Nov 2, 2026

+15.9%AVDE+10.9%MFSI

Expense ratio: AVDE 0.23%, better; MFSI 0.59%
Fund size: AVDE $19.4B; MFSI $1.27B
1Y total return: AVDE +15.9%, better; MFSI +10.9%
Yield (12M): AVDE 2.83%, better; MFSI 0.77%
Holdings: AVDE 3391; MFSI 94
Avg volume (30D): AVDE 1.06M sh, better; MFSI 218K sh
NAV per share: AVDE $89.03; MFSI $32.59
52W range

ETF.net Grade

Pillar letters and Scores for AVDE, MFSI, with each pillar’s weight
Pillar	AVDE	MFSI
Cost30% weight	A96Higher	C43
Mission25% weight	Not scored	Not scored
Risk15% weight	B64Higher	C52
Tradability15% weight	A92Higher	B56
Holdings10% weight	A90Higher	B58
Durability5% weight	A89Higher	B61

Rank among International Active Equity funds

How we build Categories ›

Same Category. AVDE and MFSI 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 MFSI 26th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 25CIMOMAlpha Architect International Quantitative Momentum ETFScore 53
Rank 26CMFSIMFS Active International ETFScore 50
Rank 27COSEAHarbor International Compounders ETF (OSEA)Score 49

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

MFSICMFS Active International 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.

MFSI No data

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.

MFSI No data

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.

MFSI No data

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.

MFSI No data

Full AVDE profile⁠

Full MFSI profile⁠

AVDE vs MFSI Holdings

How AVDE and MFSI differ

Overlap by weight

8.6%

Shared holdings make up 48.2% of MFSI and 8.6% of AVDE.

Level by level

Holdings48 in both8.6%
Countryby domicile64.2%
Sector11 Sectors84.2%
Asset classEquity100%

Sector

Sector weights in AVDE and MFSI, widest gap first
Sector	More in AVDEMore in MFSI	AVDE	MFSI
Technology	MFSI +11.7 points	7.9%	19.6%
Materials	AVDE +4.7 points	10.5%	5.8%
Industrials	AVDE +4.1 points	19.2%	15.1%
Energy	AVDE +2.5 points	7.6%	5.1%
Utilities	AVDE +2.4 points	3.7%	1.3%
Consumer Staples	MFSI +1.6 points	4.9%	6.5%
Real Estate	AVDE +1.3 points	1.3%	0.0%
Health Care	MFSI +1.3 points	5.8%	7.1%
Communication	AVDE +0.8 points	4.1%	3.3%
Consumer Discretionary	MFSI +0.7 points	9.2%	9.9%
Financials	MFSI +0.5 points	25.8%	26.3%

Country, concentration and asset class

Country by domicile

Country weights in AVDE and MFSI, widest gap first
Country	More in AVDEMore in MFSI	AVDE	MFSI
Taiwan	MFSI +9.0 points	0.0%	9.0%
Canada	AVDE +7.1 points	12.3%	5.2%
China	MFSI +6.7 points	0.2%	6.9%
Japan	AVDE +5.9 points	22.7%	16.8%
Australia	AVDE +5.4 points	6.3%	0.9%
France	MFSI +3.9 points	6.7%	10.6%
Netherlands	AVDE +3.6 points	4.2%	0.6%
South Korea	MFSI +3.4 points	0.0%	3.4%
Other countries (24)	AVDE +0.8 points	47.5%	46.7%

Outside the US: AVDE 98% developed, 2% emerging. MFSI 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

AVDE7.5%
MFSI26.3%

Securities held

AVDE3,373
MFSI93

Asset class

AVDE: Equity
MFSI: Equity

Holdings

Only in AVDE3,325
In both48
Only in MFSI45

Only in AVDE

3,325 securities, 91.2% of AVDE by weight

Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.091.24%
Shell PLC Adr Adr1.02%
Hsbc Holdings PLC Spons Adr Adr0.68%
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%
Novartis AG Sponsored Adr Adr0.50%
Canadian Natural Resources Common Stock0.48%
Suncor Energy Inc Common Stock0.47%
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%
Safran SA Common Stock EUR.20.43%
Deutsche Telekom AG Reg Common Stock0.41%
Gsk PLC Spon Adr Adr0.37%
Repsol SA Common Stock EUR1.00.37%
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%
Recruit Holdings Co Ltd Common Stock0.29%
Unicredit Spa Common Stock0.29%
Muenchener Rueckver AG Reg Common Stock0.29%
Bank of Nova Scotia Common Stock0.29%
Dbs Group Holdings Ltd Common Stock0.29%
Sap SE Sponsored Adr Adr0.29%
Natwest Group PLC Spon Adr Adr0.28%
Mizuho Financial Group Adr Adr0.28%
Swiss Re AG Common Stock USD.120.28%
Rio Tinto PLC Spon Adr Adr0.28%
Celestica Inc Common Stock0.28%
National Bank of Canada Common Stock0.27%
Commonwealth Bank of Austral Common Stock0.27%
Lonza Group AG Reg Common Stock CHF1.00.27%

Only in MFSI

45 securities, 50.8% of MFSI by weight

Taiwan Semiconductor Sp Adr7.25%
Samsung Electronics Co Ltd3.23%
Novartis AG Reg2.09%
Tencent Holdings Ltd Uns Adr2.04%
Toronto Dominion Bank1.91%
Eni Spa1.84%
Ing Groepnv1.72%
Check Point Software Tech1.72%
Sap SE1.46%
Sumitomo Mitsui Financial Gr1.41%
Natwest Group PLC1.41%
Aia Groupltd Sp Adr1.30%
Ubs Groupag Reg1.21%
Dbs Groupholdings Ltd1.17%
Sony Groupcorp1.17%
Ryanair Holdings PLC Sp Adr1.13%
British American Tob Sp Adr1.12%
Hon Hai Precision Industry1.08%
Banco Bilbao Vizcaya Argenta1.04%
Gsk PLC0.98%
Credicorpltd0.87%
Franco Nevada Corp0.86%
Netease Inc Adr0.85%
Gerdau Saspon Adr0.81%
Kotak Mahindra Bank Ltd0.80%
Relx PLC0.79%
Hdfc Bankltd Adr0.75%
Royal Bankof Canada0.70%
Anta Sports Products Ltd0.66%
Pdd Holdings Inc0.65%
Haier Smart Home Co Ltd H0.64%
Rio Tintoplc0.64%
Banco Bradesco Adr0.59%
Reliance Industries Limited0.58%
Kweichow Moutai Co Ltd A0.58%
Inner Mongolia Yili Indus A0.56%
Yum Chinaholdings Inc0.45%
B3 SA Brasil Bolsa Balcao0.45%
Glencore PLC0.43%
Prudentialplc0.39%
China Resources Beer Holding0.39%
Novo Nordisk A/S B0.33%
Mahindra +mahindra Ltd0.32%
Byd Co Ltdunsponsored Adr0.22%
Qiagen N.v.0.20%

Weight gaps

All 48 Holdings in both funds, largest gap first.

Holding weights in AVDE and MFSI, widest gap first
Holding	More in AVDEMore in MFSI	AVDE	MFSI
Hitachi Ltd Common Stock	MFSI +1.69 points	0.29%	1.98%
Totalenergies SE Common Stock	MFSI +1.52 points	0.46%	1.98%
Cie Financiere Richemo A Reg Common Stock CHF1.0	MFSI +1.51 points	0.26%	1.77%
Compass Group PLC Common Stock GBP.1105CPG.L	MFSI +1.46 points	0.13%	1.59%
Sompo Holdings Inc Common Stock	MFSI +1.43 points	0.18%	1.61%
Mitsubishi Electric Corp Common Stock	MFSI +1.43 points	0.07%	1.50%
Schneider Electric SE Common Stock EUR4.0	MFSI +1.38 points	0.30%	1.68%
Air Liquide SA Common Stock EUR5.5	MFSI +1.38 points	0.24%	1.62%
Intesa Sanpaolo Common Stock	MFSI +1.31 points	0.24%	1.55%
Merck Kgaa Common Stock	MFSI +1.25 points	0.06%	1.31%
Rolls Royce Holdings PLC Common Stock GBP.2RR.L	MFSI +1.24 points	0.41%	1.65%
Bank of Ireland Group PLC Common Stock EUR1.0	MFSI +1.22 points	0.10%	1.32%
Kone Oyj B Common Stock	MFSI +1.21 points	0.04%	1.25%
Engie Common Stock EUR1.0	MFSI +1.12 points	0.16%	1.28%
Sonova Holding AG Reg Common Stock CHF.05	MFSI +1.12 points	0.01%	1.13%
Roche Holding AG Common Stock CHF.001	MFSI +1.12 points	1.06%	2.18%
Seven & I Holdings Co Ltd Common Stock	MFSI +1.06 points	0.02%	1.08%
Experian PLC Common Stock USD.1EXPN.L	MFSI +1.04 points	0.05%	1.09%
Tesco PLC Common Stock GBP.0633333TSCO.L	MFSI +1.03 points	0.27%	1.30%
Bnp Paribas Common Stock EUR2.0	MFSI +1.03 points	0.37%	1.40%
Deutsche Boerse AG Common Stock	MFSI +0.98 points	0.16%	1.14%
Shin Etsu Chemical Co Ltd Common Stock	MFSI +0.94 points	0.10%	1.04%
Amadeus It Group SA Common Stock EUR.01	MFSI +0.92 points	0.04%	0.96%
Suzuki Motor Corp Common Stock	MFSI +0.86 points	0.11%	0.97%
Daikin Industries Ltd Common Stock	MFSI +0.78 points	0.10%	0.88%
Cgi Inc Common Stock	MFSI +0.71 points	0.04%	0.75%
Terumo Corp Common Stock	MFSI +0.70 points	0.04%	0.74%
Woodside Energy Group Ltd Common Stock	MFSI +0.66 points	0.22%	0.88%
Advantest Corp Common Stock	MFSI +0.61 points	0.43%	1.04%
Intact Financial Corp Common Stock	MFSI +0.60 points	0.16%	0.76%
Ly Corp Common Stock	MFSI +0.57 points	0.02%	0.59%
Hoya Corp Common Stock	MFSI +0.55 points	0.09%	0.64%
Fujifilm Holdings Corp Common Stock	MFSI +0.53 points	0.03%	0.56%
Denso Corp Common Stock	MFSI +0.52 points	0.06%	0.58%
Compagnie De Saint Gobain Common Stock EUR4.0	MFSI +0.50 points	0.24%	0.74%
London Stock Exchange Group Common Stock GBP.06918605LSEG.L	MFSI +0.48 points	0.04%	0.52%
Pernod Ricard SA Common Stock EUR1.55	MFSI +0.46 points	0.06%	0.52%
Lvmh Moet Hennessy Louis Vui Common Stock EUR.3	MFSI +0.45 points	0.24%	0.69%
Bridgestone Corp Common Stock	MFSI +0.43 points	0.13%	0.56%
Edenred Common Stock EUR2.0	MFSI +0.41 points	0.02%	0.43%
Beiersdorf AG Common Stock	MFSI +0.36 points	0.05%	0.41%
Sands China Ltd Common Stock USD.01	MFSI +0.24 points	<0.01%	0.24%
Heineken NV Common Stock EUR1.6	MFSI +0.21 points	0.06%	0.27%
Wolters Kluwer Common Stock EUR.12	MFSI +0.21 points	0.08%	0.29%
Mtu Aero Engines AG Common Stock	MFSI +0.18 points	0.09%	0.27%
Hong Kong Exchanges & Clear Common Stock	MFSI +0.17 points	0.12%	0.29%
Zurich Insurance Group AG Common Stock CHF.1	MFSI +0.08 points	0.51%	0.59%
Nestle SA Reg Common Stock CHF.1	AVDE +0.06 points	0.67%	0.61%

All 3,342 AVDE holdings⁠All MFSI 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 MFSI Cost

Overpaying MFSI vs AVDE

$6,876

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

AVDE 0.23%
$4,759
MFSI 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

AVDE 0.23%
MFSI 0.59%
Overpaying

Year by year

Year	AVDE	MFSI	Overpaying
10	$419	$1,058	$639
20	$1,630	$4,051	$2,421
30	$4,759	$11,635	$6,876

Expense ratio

0.23%AVDE, cheaper
0.59%MFSI

AVDE0.23%MFSI0.59%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

AVDE 3rd cheapest of 55 funds

MFSI 31st cheapest of 55 funds

AVDE vs MFSI Dividends

Last 12 months to Nov 2, 2026

Yield (12M): AVDE 2.83%, better; MFSI 0.77%
Payout (12M): AVDE $2.53; MFSI $0.25
Last payment: AVDE $0.33; MFSI $0.01
Ex-dividend: AVDE Sep 8, 2026; MFSI Jul 31, 2026
Paid on: AVDE Sep 10, 2026; MFSI Aug 3, 2026
Frequency: AVDE Quarterly; MFSI Twice a year

Distribution history

Per share, 2019 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠

MFSITwice a year · 3 paymentsAll MFSI payments⁠

AVDE vs MFSI 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%MFSI 10.3%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: AVDE 1.35MFSI 1.26since Jan 2025
Worst fallMax drawdown, 5 years: AVDE −28.7%MFSI −13.7%since Dec 2024
Market sensitivityBeta, 5 years: AVDE 0.88MFSI 0.53; Market = 1

AVDE and MFSI 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
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
ETF Filings
American Century files a mutual-fund wrapper for Avantis international large-cap value
Sep 7, 2026AVDE

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AVDE vs MFSI

In short

Stated mandate

Why people hold it