AVDE vs PRAE

AVDEAAvantis International Equity ETF

PRAEDPlanRock Alternative Growth 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.

PRAE A tactical long/short playbook in a plain ETF wrapper: PRAE rotates across global equity segments on trend and momentum rules and can flip short with futures. Cost is the trade-off at 1.49% net of a waiver through February 1, 2027 (3.99% gross).

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.

PRAE Seeks long-term capital appreciation by investing primarily in common stocks and other equity securities.

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.

• PRAE Trend, momentum and valuation rules decide which global equity segments get weight, and the fund can take short positions with index futures when a trend turns down.sec.gov
• The book is compact, roughly 40 positions, and reaches past common stocks into other ETFs, equity index futures, commodities and currency futures.sec.gov
• Its documented aim is low correlation to broad global equities, a different job from the cap-weighted international funds sitting beside it in the category.planrockfunds.com

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.

• PRAE Fees are the headline trade-off: 1.49% net of a waiver through February 1, 2027 (3.99% gross), above the category median, with leaders like DFIC at 0.22% and AVDE at 0.23%.
• A small, thinly traded fund, so bid-ask spreads can run wider than in the category's household names.
• Trading since December 2023, and the rotation rules are proprietary, so there is less public detail on how positions get picked than with index-tracking peers.sec.gov

Full AVDE profile⁠

Full PRAE profile⁠