AVDE vs QUIZ

AVDEAAvantis International Equity ETF

QUIZCZacks Quality 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.

QUIZ Zacks made its name reading sell-side earnings revisions. QUIZ points that engine overseas: an active, roughly 80-stock portfolio of developed-market companies outside the US, and the firm's first international fund since its 2025 launch.

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.

QUIZ The Fund seeks positive risk-adjusted returns by investing at least 80% of assets in equity securities, including common stock and depositary receipts, issued by publicly listed companies in non-U.S. markets.

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.

• QUIZ The model ranks companies on the agreement, size and direction of analyst earnings revisions plus earnings surprises, then layers on quality screens such as return on equity, earnings stability and dividend consistency.sec.govyahoo.com
• 0.55% net of a waiver through September 1, 2027, which lands near the median for active international equity funds. Real active management, not boutique pricing.
• About 80 names, so each pick carries weight. The mandate commits at least 80% of assets to non-US equities, mostly developed markets like Japan, Germany and the UK, with 60 days' notice before that policy changes.sec.gov

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.

• QUIZ That 0.55% is contractual, not permanent. The gross fee is 1.68%, and the waiver runs through September 1, 2027, so the filings are worth a look as the date approaches.
• Live since 2025, so the overseas version of the model has a short record. Zacks has run this approach in US funds, but the international build is its own experiment.yahoo.com
• Cheap systematic rivals crowd this shelf: DFIC at 0.22%, AVDE at 0.23%, and TACN at 0% (fee fully waived through January 30, 2027). QUIZ is also smaller and thinner-traded than those giants.

Full AVDE profile⁠

Full QUIZ profile⁠