AVDE vs PQNT: Grades, Fees and Holdings Compared

Avantis International Equity ETF

AVDEANYSE Arca

Pictet AI Enhanced International Equity ETF

PQNTBNYSE Arca

Overlap

24.6%by weight

Expense ratio

AVDE −0.07pt a year

AVDE0.23%PQNT0.30%

Avg volume · 30D

AVDE 428.7×the volume

AVDE1.06MPQNT2.46K

AVDE vs PQNT Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%AVDE+11.9%PQNT

Expense ratio: AVDE 0.23%, better; PQNT 0.30%
Fund size: AVDE $19.4B; PQNT $14M
1Y total return: AVDE +15.6%, better; PQNT +11.9%
Yield (12M): AVDE 2.84%; PQNT No data
Holdings: AVDE 3394; PQNT 273
Avg volume (30D): AVDE 1.06M sh, better; PQNT 2.46K sh
NAV per share: AVDE $89.03; PQNT $22.64
52W range

ETF.net Grade

Pillar letters and Scores for AVDE, PQNT, with each pillar’s weight
Pillar	AVDE	PQNT
Cost30% weight	A96Higher	A89
Mission25% weight	Not scored	Not scored
Risk15% weight	B63Higher	C51
Tradability15% weight	A92Higher	D25
Holdings10% weight	A90Higher	B57
Durability5% weight	A89Higher	D32

Rank among International Active Equity funds

How we build Categories ›

Same Category. AVDE and PQNT 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 PQNT 20th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 20BCGIECapital Group International Equity ETFScore 60
Rank 20BPQNTPictet AI Enhanced International Equity ETFScore 60
Rank 22BTILCThrivent International Large Cap ETFScore 57

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

PQNTBPictet AI Enhanced International 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.

PQNT AI is the engine here, not the pitch: an actively managed developed-markets fund measured against the MSCI EAFE index, where machine-driven stock selection costs 0.30%, low for an active international mandate.

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.

PQNT The Fund seeks long-term capital appreciation and is an actively managed ETF using an investment strategy enhanced through artificial intelligence.

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.

PQNT 0.30% for an actively managed international portfolio, well under the typical fee in the active international aisle.
Among funds using MSCI EAFE as their yardstick, fees stretch past a full point (AADR at 1.17%). PQNT sits near the floor of that range.
The mandate stays plain: developed non-US stocks, benchmarked to MSCI EAFE. AI drives the selection, so this is not a thematic basket of AI stocks.
Rates in the upper half of its actively managed international peer group on our review, with the portfolio itself a relative strength.

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.

PQNT Launched in October 2025, so there is no long live record showing how the AI-enhanced process behaves across a full market cycle.
Still a small, thinly traded fund, which can mean wider bid-ask spreads than the household names in the category.
Active is active: holdings can look different from MSCI EAFE, so results can diverge from the benchmark in either direction.

Full AVDE profile⁠

Full PQNT profile⁠

AVDE vs PQNT Holdings

How AVDE and PQNT differ

Overlap by weight

24.6%

Shared holdings make up 62.8% of PQNT and 26.9% of AVDE.

Level by level

Holdings207 in both24.6%
Countryby domicile83.9%
Asset classEquity100%

Sector

No Sector split for PQNT.

Country, concentration and asset class

Country by domicile

Country weights in AVDE and PQNT, widest gap first
Country	More in AVDEMore in PQNT	AVDE	PQNT
Canada	AVDE +12.3 points	12.3%	0.0%
Netherlands	PQNT +3.1 points	4.2%	7.3%
Switzerland	PQNT +2.8 points	8.3%	11.1%
Japan	PQNT +2.7 points	22.7%	25.4%
United Kingdom	PQNT +1.9 points	12.2%	14.1%
Hong Kong	PQNT +1.5 points	1.2%	2.7%
Australia	AVDE +1.1 points	6.3%	5.2%
Italy	PQNT +1.0 points	2.7%	3.7%
Other countries (20)	PQNT +0.4 points	30.1%	30.5%

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

Concentration

Weight in the 10 largest Holdings

AVDE7.5%
PQNT26.9%

Securities held

AVDE3,378
PQNT272

Asset class

AVDE: Equity
PQNT: Equity

Holdings

Only in AVDE3,171
In both207
Only in PQNT65

Only in AVDE

3,171 securities, 73.3% 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%
Banco Bilbao Vizcaya Sp Adr Adr0.59%
Bp PLC Spons Adr Adr0.56%
Bhp Group Ltd Spon Adr Adr0.56%
Novartis AG Sponsored Adr Adr0.50%
Canadian Natural Resources Common Stock0.47%
Suncor Energy Inc Common Stock0.46%
Toyota Motor Corp Spon Adr Adr0.46%
Totalenergies SE Common Stock0.45%
Royal Bank of Canada Common Stock0.45%
Toronto Dominion Bank Common Stock0.45%
Mitsubishi Ufj Finl Spon Adr Adr0.44%
Ing Groep N.v. Sponsored Adr Adr0.44%
Astrazeneca PLC Common Stock0.40%
Sumitomo Mitsui Spons Adr Adr0.36%
Gsk PLC Spon Adr Adr0.36%
Repsol SA Common Stock EUR1.00.35%
Standard Chartered PLC Common Stock USD.50.34%
Banco Santander SA Spon Adr Adr0.33%
Agnico Eagle Mines Ltd Common Stock0.33%
Barclays PLC Spons Adr Adr0.33%
Cenovus Energy Inc Common Stock0.33%
Vinci SA Common Stock EUR2.50.33%
Oversea Chinese Banking Corp Common Stock0.33%
Bank of Montreal Common Stock0.32%
Natwest Group PLC Spon Adr Adr0.31%
Can Imperial Bk of Commerce Common Stock0.31%
Celestica Inc Common Stock0.29%
Bank of Nova Scotia Common Stock0.29%
Novo Nordisk A/S Spons Adr Adr0.29%
Mizuho Financial Group Adr Adr0.29%
Sap SE Sponsored Adr Adr0.28%
Rio Tinto PLC Spon Adr Adr0.28%
National Bank of Canada Common Stock0.27%
Lloyds Banking Group PLC Adr Adr0.27%
Swiss Re AG Common Stock USD.120.27%
Sony Group Corp Sp Adr Adr0.26%
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%
Barrick Mining Corp Common Stock0.23%
Arcelormittal Ny Registered Ny Reg Shrs0.23%
Aercap Holdings NV Common Stock EUR.010.23%
Sanofi Adr Adr0.23%
Ia Financial Corp Inc Common Stock0.22%
Manulife Financial Corp Common Stock0.22%
Sika AG Reg Common Stock CHF.010.22%

Only in PQNT

65 securities, 37.0% of PQNT by weight

Cashusd5.90%
Ishares Msci Eafe Etf4.80%
Ishares Core Msci Eafe Etf4.78%
Asml Holding NV3.08%
British American Tobacco1.51%
Novartis Ag-Reg1.49%
Sony Group Corp1.33%
Banco Bilbao Vizcaya Arg0.86%
Japan Tobacco Inc0.85%
Rio Tinto PLC0.77%
Hsbc Holdings PLC0.75%
Sap SE0.72%
Ing Groep NV0.72%
Mitsubishi Ufj Financial0.62%
Toyota Motor Corp0.56%
Bayer Ag-Reg0.56%
Natwest Group PLC0.56%
Relx PLC0.49%
Vodafone Group PLC0.44%
Anheuser-Busch Inbev Sa/0.44%
Gsk PLC0.41%
Spotify Technology SA0.41%
National Grid PLC0.39%
Lloyds Banking Group PLC0.39%
Singapore Tech Engineeri0.29%
Banco Santander SA0.24%
Standard Life PLC0.24%
Basf SE0.24%
Haleon PLC0.23%
United Overseas Bk Ltd Ord0.23%
Unilever PLC0.21%
Tenaris SA0.20%
Ferrari NV0.18%
Nomura Research Institut0.18%
Reckitt Benckiser Group0.18%
Nomura Holdings Inc0.16%
Teva Pharmaceutical Ind Ltd0.14%
Novo Nordisk A/S-B0.13%
Imperial Brands PLC0.13%
Yangzijiang Shipbuilding0.12%
Sanofi0.12%
Lifco Ab-B Shs0.12%
Barclays PLC0.11%
Capitaland Integrated Co0.08%
Arcelormittal0.08%
Sumitomo Mitsui Financia0.07%
Henkel AG & Co Kgaa0.07%
Klepierre0.06%
Commerzbank AG0.06%
Kerry Group Plc-A0.06%

Weight gaps

The 100 widest of 207 Holdings in both funds.

Holding weights in AVDE and PQNT, widest gap first
Holding	More in AVDEMore in PQNT	AVDE	PQNT
Galderma Group AG Common Stock CHF.01	PQNT +1.03 points	0.05%	1.08%
Recruit Holdings Co Ltd Common Stock	PQNT +1.03 points	0.28%	1.31%
London Stock Exchange Group Common Stock GBP.06918605LSEG.L	PQNT +0.89 points	0.04%	0.93%
Assa Abloy Ab B Common Stock SEK1.0	PQNT +0.76 points	0.05%	0.81%
Fast Retailing Co Ltd Common Stock	PQNT +0.77 points	0.09%	0.86%
Intesa Sanpaolo Common Stock	PQNT +0.74 points	0.24%	0.98%
Abn Amro Bank NV Cva Dutch Cert EUR1.0	PQNT +0.71 points	0.21%	0.92%
Itochu Corp Common Stock	PQNT +0.72 points	0.10%	0.82%
L Oreal Common Stock EUR.2	PQNT +0.71 points	0.17%	0.88%
Ck Hutchison Holdings Ltd Common Stock HKD1.0	PQNT +0.70 points	0.07%	0.77%
Enel Spa Common Stock EUR1.0	PQNT +0.67 points	0.12%	0.79%
Tokyo Electron Ltd Common Stock	PQNT +0.67 points	0.13%	0.80%
Bnp Paribas Common Stock EUR2.0	PQNT +0.66 points	0.37%	1.03%
Fujitsu Limited Common Stock	PQNT +0.64 points	0.09%	0.73%
Nordea Bank Abp Common Stock EUR1.0	PQNT +0.62 points	0.15%	0.77%
Aia Group Ltd Common Stock	PQNT +0.60 points	0.18%	0.78%
Roche Holding AG Common Stock CHF.001	PQNT +0.61 points	1.05%	1.66%
Fanuc Corp Common Stock	PQNT +0.60 points	0.03%	0.63%
Zurich Insurance Group AG Common Stock CHF.1	PQNT +0.59 points	0.50%	1.09%
Muenchener Rueckver AG Reg Common Stock	PQNT +0.58 points	0.28%	0.86%
Kbc Group NV Common Stock	PQNT +0.57 points	0.12%	0.69%
Siemens AG Reg Common Stock	PQNT +0.54 points	0.18%	0.72%
Schindler Holding AG Reg Common Stock CHF.1	PQNT +0.54 points	0.03%	0.57%
Iberdrola SA Common Stock EUR.75	PQNT +0.52 points	0.34%	0.86%
Mitsui & Co Ltd Common Stock	PQNT +0.50 points	0.02%	0.52%
Hitachi Ltd Common Stock	PQNT +0.47 points	0.29%	0.76%
Engie Common Stock EUR1.0	PQNT +0.46 points	0.16%	0.62%
Anglo American PLC Common StockAAL.L	PQNT +0.47 points	0.17%	0.64%
Siemens Energy AG Common Stock	PQNT +0.46 points	0.25%	0.71%
Anz Group Holdings Ltd Common Stock	PQNT +0.45 points	0.25%	0.70%
Tesco PLC Common Stock GBP.0633333TSCO.L	PQNT +0.46 points	0.26%	0.72%
Edp SA Common Stock EUR1.0	PQNT +0.45 points	0.05%	0.50%
Ubs Group AG Reg Common Stock USD.1	PQNT +0.44 points	0.57%	1.01%
Mitsui Fudosan Co Ltd Common Stock	PQNT +0.44 points	0.04%	0.48%
Rolls Royce Holdings PLC Common Stock GBP.2RR.L	PQNT +0.42 points	0.42%	0.84%
Sumitomo Realty & Developmen Common Stock	PQNT +0.41 points	0.01%	0.42%
Bank Leumi Le Israel Common Stock ILS.1	PQNT +0.40 points	0.14%	0.54%
Tokio Marine Holdings Inc Common Stock	PQNT +0.38 points	0.26%	0.64%
Capgemini SE Common Stock EUR8.0	PQNT +0.37 points	0.01%	0.38%
Shin Etsu Chemical Co Ltd Common Stock	PQNT +0.36 points	0.10%	0.47%
Next PLC Common Stock GBP.1NXT.L	PQNT +0.36 points	0.19%	0.55%
Axa SA Common Stock EUR2.29	PQNT +0.36 points	0.30%	0.66%
Intercontinental Hotels Grou Common Stock GBP.2085213IHG.L	PQNT +0.36 points	0.04%	0.40%
Abb Ltd Reg Common Stock CHF.12	PQNT +0.35 points	0.19%	0.54%
Macquarie Group Ltd Common Stock	PQNT +0.35 points	0.09%	0.44%
Advantest Corp Common Stock	PQNT +0.33 points	0.46%	0.79%
Sun Hung Kai Properties Common Stock	PQNT +0.33 points	0.03%	0.36%
Bae Systems PLC Common Stock GBP.025BA.L	PQNT +0.33 points	0.10%	0.43%
Daiwa Securities Group Inc Common Stock	PQNT +0.32 points	0.10%	0.42%
Mitsubishi Hc Capital Inc Common Stock	PQNT +0.30 points	0.06%	0.36%
Rio Tinto Ltd Common Stock	PQNT +0.31 points	0.12%	0.43%
Renesas Electronics Corp Common Stock	PQNT +0.30 points	0.03%	0.33%
Kioxia Holdings Corp Common Stock	PQNT +0.30 points	0.15%	0.45%
Westpac Banking Corp Common Stock	PQNT +0.27 points	0.26%	0.53%
Dbs Group Holdings Ltd Common Stock	PQNT +0.26 points	0.29%	0.55%
Credit Agricole SA Common Stock EUR3.0	PQNT +0.26 points	0.07%	0.33%
Bandai Namco Holdings Inc Common Stock	PQNT +0.25 points	0.09%	0.34%
Legrand SA Common Stock EUR4.0	PQNT +0.25 points	0.07%	0.32%
Societe Generale SA Common Stock EUR1.25	AVDE +0.25 points	0.27%	0.02%
Commonwealth Bank of Austral Common Stock	PQNT +0.24 points	0.27%	0.51%
Dnb Bank Asa Common Stock NOK12.5	PQNT +0.23 points	0.08%	0.31%
Air Liquide SA Common Stock EUR5.5	PQNT +0.23 points	0.23%	0.46%
Nidec Corp Common Stock	PQNT +0.23 points	0.01%	0.24%
Japan Post Holdings Co Ltd Common Stock	PQNT +0.22 points	0.11%	0.33%
Cie Financiere Richemo A Reg Common Stock CHF1.0	PQNT +0.22 points	0.25%	0.47%
Indutrade Ab Common Stock SEK1.0	PQNT +0.22 points	0.03%	0.25%
Daiichi Life Group Inc Common Stock	PQNT +0.21 points	0.21%	0.42%
Schneider Electric SE Common Stock EUR4.0	PQNT +0.22 points	0.30%	0.52%
Koninklijke Ahold Delhaize N Common Stock EUR.01	AVDE +0.21 points	0.25%	0.04%
Softbank Corp Common Stock	PQNT +0.21 points	0.09%	0.30%
Sbi Holdings Inc Common Stock	PQNT +0.21 points	0.08%	0.29%
Deutsche Boerse AG Common Stock	PQNT +0.20 points	0.16%	0.36%
Deutsche Bank AG Registered Common Stock	PQNT +0.20 points	0.25%	0.45%
Kone Oyj B Common Stock	PQNT +0.19 points	0.04%	0.23%
Asm International NV Common Stock EUR.04	PQNT +0.18 points	0.18%	0.36%
Suzuki Motor Corp Common Stock	PQNT +0.19 points	0.11%	0.30%
Mitsubishi Estate Co Ltd Common Stock	PQNT +0.17 points	0.02%	0.19%
Panasonic Holdings Corp Common Stock	PQNT +0.17 points	0.14%	0.31%
Fisher & Paykel Healthcare C Common Stock	PQNT +0.17 points	0.02%	0.19%
Sumitomo Electric Industries Common Stock	PQNT +0.17 points	0.14%	0.31%
Carrefour SA Common Stock EUR2.5	PQNT +0.17 points	0.10%	0.27%
Telstra Group Ltd Common Stock	PQNT +0.16 points	0.05%	0.21%
Softbank Group Corp Common Stock	AVDE +0.17 points	0.36%	0.19%
Leonardo Spa Common Stock	PQNT +0.17 points	0.04%	0.21%
Nitto Denko Corp Common Stock	PQNT +0.16 points	0.11%	0.27%
Wolters Kluwer Common Stock EUR.12	PQNT +0.16 points	0.08%	0.24%
National Australia Bank Ltd Common Stock	PQNT +0.17 points	0.22%	0.39%
Orange Common Stock EUR4.0	AVDE +0.16 points	0.18%	0.02%
Unicredit Spa Common Stock	PQNT +0.15 points	0.30%	0.45%
Marubeni Corp Common Stock	PQNT +0.16 points	0.14%	0.30%
Daiwa House Industry Co Ltd Common Stock	PQNT +0.15 points	0.03%	0.18%
Terna Rete Elettrica Naziona Common Stock EUR.22	PQNT +0.15 points	0.09%	0.24%
SOUTH32 Ltd Common Stock	PQNT +0.15 points	0.08%	0.23%
Boc Hong Kong Holdings Ltd Common Stock	PQNT +0.15 points	0.13%	0.28%
Fujikura Ltd Common Stock	AVDE +0.15 points	0.27%	0.12%
Chubu Electric Power Co Inc Common Stock	PQNT +0.15 points	0.02%	0.17%
Mitsubishi Heavy Industries Common Stock	AVDE +0.14 points	0.20%	0.06%
Bper Banca Spa Common Stock	AVDE +0.14 points	0.17%	0.03%
Sage Group Plc/The Common Stock GBP.01051948SGE.L	PQNT +0.13 points	0.05%	0.18%
Trelleborg Ab B Shs Common Stock SEK25.0	PQNT +0.13 points	0.04%	0.17%

All 3,342 AVDE holdings⁠All 259 PQNT 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 PQNT Cost

Overpaying PQNT vs AVDE

$1,390

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

AVDE 0.23%
$4,759
PQNT 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

AVDE 0.23%
PQNT 0.30%
Overpaying

Year by year

Year	AVDE	PQNT	Overpaying
10	$419	$545	$126
20	$1,630	$2,113	$483
30	$4,759	$6,149	$1,390

Expense ratio

0.23%AVDE, cheaper
0.30%PQNT

AVDE0.23%PQNT0.30%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

AVDE 3rd cheapest of 55 funds

PQNT 6th cheapest of 55 funds

AVDE vs PQNT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AVDE 2.84%; PQNT No data
Payout (12M): AVDE $2.53; PQNT No data
Last payment: AVDE $0.33; PQNT $0.08
Ex-dividend: AVDE Sep 8, 2026; PQNT Dec 19, 2025
Paid on: AVDE Sep 10, 2026; PQNT Dec 23, 2025
Frequency: AVDE Quarterly; PQNT Irregular

Distribution history

Per share, 2019 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠

PQNTIrregular · 1 paymentAll PQNT payments⁠

AVDE vs PQNT 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%PQNT 12.5%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: AVDE 1.35PQNT 0.66since Nov 2025
Worst fallMax drawdown, 5 years: AVDE −28.7%PQNT −11.2%since Oct 2025
Market sensitivityBeta, 5 years: AVDE 0.88PQNT 0.63; Market = 1

AVDE and PQNT 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 PQNT

In short

Stated mandate

Why people hold it