AVDE vs NBIE: Grades, Fees and Holdings Compared

Avantis International Equity ETF

AVDEANYSE Arca

Neuberger International Core Equity ETF

NBIECNYSE Arca

Overlap

26.1%by weight

Expense ratio

AVDE −0.64pt a year

AVDE0.23%NBIE0.87%

Avg volume · 30D

AVDE 32.7×the volume

AVDE1.06MNBIE32.3K

AVDE vs NBIE Performance

Jul 31, 2026 – Oct 30, 2026

−2.0%AVDE−2.4%NBIE

Expense ratio: AVDE 0.23%, better; NBIE 0.87%
Fund size: AVDE $19.4B; NBIE $232M
1Y total return: AVDE +15.6%; NBIE No data
Yield (12M): AVDE 2.84%; NBIE No data
Holdings: AVDE 3394; NBIE 256
Avg volume (30D): AVDE 1.06M sh, better; NBIE 32.3K sh
NAV per share: AVDE $89.03; NBIE $26.72
52W range

ETF.net Grade

Pillar letters and Scores for AVDE, NBIE, with each pillar’s weight
Pillar	AVDE	NBIE
Cost30% weight	A96Higher	F12
Mission25% weight	Not scored	Not scored
Risk15% weight	B63	A70Higher
Tradability15% weight	A92Higher	B69
Holdings10% weight	A90Higher	A74
Durability5% weight	A89Higher	C50

Rank among International Active Equity funds

How we build Categories ›

Same Category. AVDE and NBIE 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 NBIE 32nd of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 30CTINSTempleton International Insights ETFScore 47
Rank 32CNBIENeuberger International Core Equity ETFScore 45
Rank 33CQLTIGMO International Quality ETFScore 41

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

NBIECNeuberger International Core 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.

NBIE 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.

NBIE 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.

NBIE 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.

NBIE No data

Full AVDE profile⁠

Full NBIE profile⁠

AVDE vs NBIE Holdings

How AVDE and NBIE differ

Overlap by weight

26.1%

Shared holdings make up 77.5% of NBIE and 28.0% of AVDE.

Level by level

Holdings214 in both26.1%
Countryby domicile90.7%
Asset classEquity100%

Sector

No Sector split for NBIE.

Country, concentration and asset class

Country by domicile

Country weights in AVDE and NBIE, widest gap first
Country	More in AVDEMore in NBIE	AVDE	NBIE
United Kingdom	NBIE +2.0 points	12.2%	14.2%
Spain	NBIE +1.9 points	3.0%	4.9%
Japan	AVDE +1.8 points	22.7%	20.9%
Italy	NBIE +1.7 points	2.7%	4.4%
Germany	AVDE +1.2 points	7.0%	5.8%
Netherlands	NBIE +0.8 points	4.2%	5.0%
Switzerland	NBIE +0.8 points	8.3%	9.1%
Israel	AVDE +0.9 points	1.5%	0.6%
Other countries (20)	AVDE +3.5 points	38.5%	35.0%

Outside the US: AVDE 98% developed, 2% emerging. NBIE 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

AVDE7.5%
NBIE19.5%

Securities held

AVDE3,378
NBIE250

Asset class

AVDE: Equity
NBIE: Equity

Holdings

Only in AVDE3,164
In both214
Only in NBIE36

Only in AVDE

3,164 securities, 72.2% of AVDE by weight

Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.091.32%
Shell PLC Adr Adr1.00%
Hsbc Holdings PLC Spons Adr Adr0.68%
Nestle SA Reg Common Stock CHF.10.65%
Banco Bilbao Vizcaya Sp Adr Adr0.59%
Bp PLC Spons Adr Adr0.56%
Bhp Group Ltd Spon Adr Adr0.56%
Zurich Insurance Group AG Common Stock CHF.10.50%
Novartis AG Sponsored Adr Adr0.50%
Toyota Motor Corp Spon Adr Adr0.46%
Mitsubishi Ufj Finl Spon Adr Adr0.44%
Ing Groep N.v. Sponsored Adr Adr0.44%
Sumitomo Mitsui Spons Adr Adr0.36%
Gsk PLC Spon Adr Adr0.36%
Softbank Group Corp Common Stock0.36%
Repsol SA Common Stock EUR1.00.35%
Iberdrola SA Common Stock EUR.750.34%
Banco Santander SA Spon Adr Adr0.33%
Barclays PLC Spons Adr Adr0.33%
Rwe AG Common Stock0.33%
Natwest Group PLC Spon Adr Adr0.31%
Schneider Electric SE Common Stock EUR4.00.30%
Novo Nordisk A/S Spons Adr Adr0.29%
Mizuho Financial Group Adr Adr0.29%
Muenchener Rueckver AG Reg Common Stock0.28%
Sap SE Sponsored Adr Adr0.28%
Rio Tinto PLC Spon Adr Adr0.28%
Lloyds Banking Group PLC Adr Adr0.27%
Swiss Re AG Common Stock USD.120.27%
Commonwealth Bank of Austral Common Stock0.27%
Societe Generale SA Common Stock EUR1.250.27%
Lonza Group AG Reg Common Stock CHF1.00.26%
Sony Group Corp Sp Adr Adr0.26%
Tokio Marine Holdings Inc Common Stock0.26%
Westpac Banking Corp Common Stock0.26%
Cie Financiere Richemo A Reg Common Stock CHF1.00.25%
Deutsche Bank AG Registered Common Stock0.25%
Anz Group Holdings Ltd Common Stock0.25%
Eni Spa Sponsored Adr Adr0.24%
Compagnie De Saint Gobain Common Stock EUR4.00.24%
Vodafone Group PLC Sp Adr Adr0.24%
Lvmh Moet Hennessy Louis Vui Common Stock EUR.30.24%
Air Liquide SA Common Stock EUR5.50.23%
Arcelormittal Ny Registered Ny Reg Shrs0.23%
Sanofi Adr Adr0.23%
National Australia Bank Ltd Common Stock0.22%
Sika AG Reg Common Stock CHF.010.22%
Nn Group NV Common Stock EUR.120.22%
Infineon Technologies AG Common Stock0.22%
Woodside Energy Group Ltd Common Stock0.22%

Only in NBIE

36 securities, 22.4% of NBIE by weight

Asml Holding NV Common Stock3.74%
Novartis AG Reg Common Stock CHF.492.28%
Bhp Group Ltd Common Stock1.86%
Gsk PLC Common Stock1.42%
Mitsubishi Ufj Financial Gro Common Stock1.35%
Natwest Group PLC Common Stock GBP1.07691.17%
Ericsson Lm B Shs Common Stock SEK5.01.00%
Banco Bilbao Vizcaya Argenta Common Stock0.97%
Sanofi Common Stock0.93%
Orix Corp Common Stock0.88%
Sap SE Common Stock0.76%
Imperial Brands PLC Common Stock GBP.10.66%
Ing Groep NV Common Stock0.64%
Relx PLC Common Stock GBP.001443970.63%
Rio Tinto PLC Common Stock GBP.10.57%
Barclays PLC Common Stock GBP.250.49%
Sony Group Corp Common Stock0.47%
Sumitomo Mitsui Financial Gr Common Stock0.32%
Japan Tobacco Inc Common Stock0.27%
Hsbc Holdings PLC Common Stock0.26%
Unibail Rodamco Westfield Reit0.26%
Klepierre Reit0.21%
Fresenius Medical Care AG Common Stock0.17%
Lloyds Banking Group PLC Common Stock GBP.10.15%
State Str Instl Invt Tr Treasury Plus Fd Premier Class0.13%
Takeda Pharmaceutical Co Ltd Common Stock0.12%
Tenaris SA Common Stock0.11%
Groupe Bruxelles Lambert NV Common Stock0.11%
Novo Nordisk A/S B Common Stock DKK.10.10%
Haleon PLC Common Stock GBP.010.10%
British American Tobacco PLC Common Stock0.06%
SEK9999990.06%
Industrivarden Ab C Shs Common Stock SEK2.50.05%
ILS9999990.04%
CAD999999<0.01%
HKD999999<0.01%

Weight gaps

The 100 widest of 214 Holdings in both funds.

Holding weights in AVDE and NBIE, widest gap first
Holding	More in AVDEMore in NBIE	AVDE	NBIE
Shell PLC Common Stock EUR.07SHEL.L	NBIE +2.14 points	0.09%	2.23%
Roche Holding AG Common Stock CHF.001	NBIE +1.45 points	1.05%	2.50%
Abb Ltd Reg Common Stock CHF.12	NBIE +1.27 points	0.19%	1.46%
Kddi Corp Common Stock	NBIE +1.12 points	0.19%	1.31%
Dhl AG Common Stock	NBIE +1.13 points	0.25%	1.38%
Enel Spa Common Stock EUR1.0	NBIE +1.12 points	0.12%	1.24%
Intesa Sanpaolo Common Stock	NBIE +1.02 points	0.24%	1.26%
Bridgestone Corp Common Stock	NBIE +0.99 points	0.13%	1.12%
Canon Inc Common Stock	NBIE +0.98 points	0.01%	0.99%
Sompo Holdings Inc Common Stock	NBIE +0.94 points	0.18%	1.12%
Generali Common Stock	NBIE +0.91 points	0.07%	0.98%
Industria De Diseno Textil Common Stock EUR.03	NBIE +0.87 points	0.22%	1.09%
Tesco PLC Common Stock GBP.0633333TSCO.L	NBIE +0.86 points	0.26%	1.12%
Vinci SA Common Stock EUR2.5	NBIE +0.81 points	0.33%	1.14%
Ubs Group AG Reg Common Stock USD.1	NBIE +0.76 points	0.57%	1.33%
Dbs Group Holdings Ltd Common Stock	NBIE +0.76 points	0.29%	1.05%
Axa SA Common Stock EUR2.29	NBIE +0.70 points	0.30%	1.00%
Hoya Corp Common Stock	NBIE +0.69 points	0.09%	0.78%
Shopify Inc Class A Common Stock	NBIE +0.67 points	0.16%	0.83%
Royal Bank of Canada Common Stock	NBIE +0.66 points	0.45%	1.11%
Deutsche Telekom AG Reg Common Stock	NBIE +0.65 points	0.40%	1.05%
Fortescue Ltd Common Stock	NBIE +0.63 points	0.07%	0.70%
Coca Cola Europacific Partne Common Stock EUR.01CCEP.L	NBIE +0.62 points	0.11%	0.73%
Michelin (Cgde) Common Stock EUR.5	NBIE +0.61 points	0.20%	0.81%
Tokyo Electron Ltd Common Stock	NBIE +0.58 points	0.13%	0.71%
Komatsu Ltd Common Stock	NBIE +0.57 points	0.08%	0.65%
Allianz SE Reg Common Stock	NBIE +0.54 points	0.56%	1.10%
Toronto Dominion Bank Common Stock	NBIE +0.54 points	0.45%	0.99%
Ryanair Holdings PLC Common Stock EUR.006	NBIE +0.51 points	0.02%	0.53%
Hitachi Ltd Common Stock	NBIE +0.50 points	0.29%	0.79%
Aena Sme SA Common Stock EUR1.0	NBIE +0.50 points	0.12%	0.62%
Telstra Group Ltd Common Stock	NBIE +0.47 points	0.05%	0.52%
Sumitomo Corp Common Stock	NBIE +0.47 points	0.11%	0.58%
Endesa SA Common Stock EUR1.2	NBIE +0.46 points	0.13%	0.59%
Totalenergies SE Common Stock	NBIE +0.45 points	0.45%	0.90%
Heineken Holding NV Common Stock EUR1.6	NBIE +0.44 points	<0.01%	0.44%
Kioxia Holdings Corp Common Stock	NBIE +0.44 points	0.15%	0.59%
Sandvik Ab Common Stock SEK1.2	NBIE +0.41 points	0.09%	0.50%
Ms+ad Insurance Group Holdin Common Stock	NBIE +0.41 points	0.21%	0.62%
Reckitt Benckiser Group PLC Common Stock GBP.10417RKT.L	NBIE +0.40 points	0.20%	0.60%
Amadeus It Group SA Common Stock EUR.01	NBIE +0.39 points	0.04%	0.43%
Recruit Holdings Co Ltd Common Stock	NBIE +0.37 points	0.28%	0.65%
Caixabank SA Common Stock EUR1.0	NBIE +0.37 points	0.07%	0.44%
Advantest Corp Common Stock	NBIE +0.34 points	0.46%	0.80%
Bae Systems PLC Common Stock GBP.025BA.L	NBIE +0.33 points	0.10%	0.43%
Boc Hong Kong Holdings Ltd Common Stock	NBIE +0.32 points	0.13%	0.45%
Next PLC Common Stock GBP.1NXT.L	NBIE +0.31 points	0.19%	0.50%
Nordea Bank Abp Common Stock EUR1.0	NBIE +0.30 points	0.15%	0.45%
Bnp Paribas Common Stock EUR2.0	AVDE +0.29 points	0.37%	0.08%
Kyocera Corp Common Stock	NBIE +0.28 points	0.02%	0.30%
Sumitomo Mitsui Trust Group Common Stock	NBIE +0.27 points	0.13%	0.40%
Power Corp of Canada Common Stock	NBIE +0.26 points	0.05%	0.31%
Astellas Pharma Inc Common Stock	NBIE +0.27 points	0.16%	0.43%
Ap Moller Maersk A/S B Common Stock DKK1000.0	NBIE +0.26 points	0.06%	0.32%
Cgi Inc Common Stock	NBIE +0.25 points	0.04%	0.29%
Yokogawa Electric Corp Common Stock	NBIE +0.25 points	0.03%	0.28%
Wesfarmers Ltd Common Stock	NBIE +0.24 points	0.17%	0.41%
Koninklijke Ahold Delhaize N Common Stock EUR.01	NBIE +0.24 points	0.25%	0.49%
Kingfisher PLC Common Stock GBP.157143KGF.L	NBIE +0.23 points	0.09%	0.32%
Logitech International Reg Common Stock CHF.25	NBIE +0.23 points	0.12%	0.35%
Henkel AG & Co Kgaa Vor Pref Preference	NBIE +0.23 points	0.03%	0.26%
Astrazeneca PLC Common StockAZN.L	AVDE +0.22 points	0.40%	0.18%
Makita Corp Common Stock	NBIE +0.23 points	0.01%	0.24%
Aib Group PLC Common Stock EUR.625	NBIE +0.23 points	0.12%	0.35%
Can Imperial Bk of Commerce Common Stock	NBIE +0.22 points	0.31%	0.53%
Daiwa Securities Group Inc Common Stock	NBIE +0.23 points	0.10%	0.33%
Celestica Inc Common Stock	AVDE +0.22 points	0.29%	0.07%
Canadian Natl Railway Co Common Stock	NBIE +0.22 points	0.22%	0.44%
Brambles Ltd Common Stock	NBIE +0.22 points	0.11%	0.33%
Indra Sistemas SA Common Stock EUR.2	NBIE +0.22 points	<0.01%	0.22%
Brookfield Corp Common Stock	NBIE +0.22 points	0.03%	0.25%
Dnb Bank Asa Common Stock NOK12.5	NBIE +0.21 points	0.08%	0.29%
Osaka Gas Co Ltd Common Stock	NBIE +0.22 points	<0.01%	0.22%
Danske Bank A/S Common Stock DKK10.0	NBIE +0.21 points	0.13%	0.34%
Weston (George) Ltd Common Stock	NBIE +0.21 points	0.04%	0.25%
Computershare Ltd Common Stock	NBIE +0.20 points	0.05%	0.25%
Manulife Financial Corp Common Stock	NBIE +0.21 points	0.22%	0.43%
Murata Manufacturing Co Ltd Common Stock	NBIE +0.21 points	0.14%	0.35%
Eurofins Scientific Common Stock EUR.1	NBIE +0.20 points	0.03%	0.23%
GBP999999	NBIE +0.20 points	<0.01%	0.20%
Mitsubishi Electric Corp Common Stock	NBIE +0.20 points	0.08%	0.28%
Sea Ltd Adr Adr USD.0005SE	NBIE +0.19 points	0.03%	0.22%
Tryg A/S Common Stock DKK5.0	NBIE +0.19 points	<0.01%	0.20%
Imperial Oil Ltd Common Stock	NBIE +0.19 points	0.05%	0.24%
Bank Hapoalim Bm Common Stock ILS1.0	NBIE +0.19 points	0.12%	0.31%
Fresnillo PLC Common Stock USD.5FRES.L	NBIE +0.18 points	0.04%	0.22%
Enbridge Inc Common Stock	NBIE +0.18 points	0.11%	0.29%
National Bank of Canada Common Stock	AVDE +0.18 points	0.27%	0.09%
Intercontinental Hotels Grou Common Stock GBP.2085213IHG.L	NBIE +0.19 points	0.04%	0.23%
Endeavour Mining PLC Common Stock USD.01EDV.L	NBIE +0.18 points	0.03%	0.21%
JPY999999	NBIE +0.18 points	0.00%	0.18%
Hennes & Mauritz Ab B Shs Common Stock	NBIE +0.18 points	0.06%	0.24%
Kirin Holdings Co Ltd Common Stock	NBIE +0.18 points	0.07%	0.25%
Ia Financial Corp Inc Common Stock	AVDE +0.17 points	0.22%	0.05%
Unipol Assicurazioni Spa Common Stock	NBIE +0.17 points	0.02%	0.19%
Safran SA Common Stock EUR.2	NBIE +0.17 points	0.43%	0.60%
Fast Retailing Co Ltd Common Stock	NBIE +0.17 points	0.09%	0.26%
Evonik Industries AG Common Stock	NBIE +0.17 points	0.06%	0.23%
Hkt Trust and Hkt Ltd Ss Stapled Security HKD.0005	NBIE +0.17 points	<0.01%	0.17%
Loblaw Companies Ltd Common Stock	NBIE +0.17 points	0.10%	0.27%

All 3,342 AVDE holdings⁠All 243 NBIE 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 NBIE Cost

Overpaying NBIE vs AVDE

$11,777

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

AVDE 0.23%
$4,759
NBIE 0.87%
$16,536

Amount$10,000

Years30 years

Cost over time

AVDE 0.23%
NBIE 0.87%
Overpaying

Year by year

Year	AVDE	NBIE	Overpaying
10	$419	$1,542	$1,123
20	$1,630	$5,830	$4,200
30	$4,759	$16,536	$11,777

Expense ratio

0.23%AVDE, cheaper
0.87%NBIE

AVDE0.23%NBIE0.87%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

AVDE 3rd cheapest of 55 funds

NBIE 48th cheapest of 55 funds

AVDE vs NBIE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AVDE 2.84%; NBIE No data
Payout (12M): AVDE $2.53; NBIE None
Last payment: AVDE $0.33; NBIE No data
Ex-dividend: AVDE Sep 8, 2026; NBIE No data
Paid on: AVDE Sep 10, 2026; NBIE No data
Frequency: AVDE Quarterly; NBIE No data

Distribution history

Per share, 2019 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠

NBIEAll NBIE payments⁠

No distribution history available.

AVDE vs NBIE 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%NBIE No data
Return per unit of riskSharpe ratio, 3 years: AVDE 1.35NBIE No data
Worst fallMax drawdown, 5 years: AVDE −28.7%NBIE No data
Market sensitivityBeta, 5 years: AVDE 0.88NBIE 0.21; Market = 1

AVDE and NBIE 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 NBIE

In short

Stated mandate

Why people hold it