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AVDE vs TACN

Avantis International Equity ETF

AVDEANYSE Arca

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Overlap

Expense ratio

TACN −0.23pt a year

AVDE0.23%TACN0.00%

Avg volume · 30D

AVDE 407.1×the volume

AVDE1.06MTACN2.59K

AVDE vs TACN Performance

Dec 31, 2025 – Oct 30, 2026

+10.2%AVDE+10.5%TACN

Dec 31, 2025 to Oct 30, 2026. AVDE +10.2%. TACN +10.5%. Use the arrow keys to read each point.0%5%15%Dec 2025Jun 2026Oct 2026
Expense ratio
AVDE 0.23%
TACN 0.00%, better
Fund size
AVDE $19.4B
TACN $24M
1Y total return
AVDE +15.6%
TACN No data
Yield (12M)
AVDE 2.84%
TACN No data
Holdings
AVDE 3394
TACN 508
Avg volume (30D)
AVDE 1.06M sh, better
TACN 2.59K sh
NAV per share
AVDE $89.03
TACN $28.20
52W range

ETF.net Grade

AVDE: Cost 96, Risk 63, Mission not scored, Tradability 92, Holdings 90, Durability 89. TACN: Cost 100, Risk 70, Mission not scored, Tradability 46, Holdings 82, Durability 30.
Pillar letters and Scores for AVDE, TACN, with each pillar’s weight
PillarAVDETACN
Cost30% weightA96A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightB63A70Higher
Tradability15% weightA92HigherC46
Holdings10% weightA90HigherA82
Durability5% weightA89HigherD30

Rank among International Active Equity funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVDE and TACN 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 TACN 5th of 55 funds in the International Active Equity Category.

  1. Rank 1AAVDEAvantis International Equity ETFScore 87
  2. Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
  3. Rank 5AENHIiShares Enhanced International Active ETFScore 76
  4. Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76
  5. Rank 7AAVNMAvantis All International Markets Equity ETFScore 72

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

TACNAT. Rowe Price Active Core 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.

TACN T. Rowe Price's index-aware take on developed international stocks: it shadows the MSCI EAFE benchmark while nudging weights, and the fee is waived to 0.00% through January 30, 2027 (0.20% 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.

TACN The fund's goal is to achieve long-term capital growth.

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.
  • TACN Fee waived to zero through January 30, 2027, then the 0.20% gross rate applies. Top-scoring active international peers AVDE (0.23%) and DFIC (0.22%) charge more, with no waiver.troweprice.com
  • Built around the MSCI EAFE Index: an optimizer modestly over- and underweights names, targeting tracking error above most passive funds and below most active ones.sec.govtroweprice.com
  • Names come from T. Rowe's quant models plus bottom-up fundamental research (valuation, profitability, financial stability, earnings quality), with at least 80% of net assets normally in equities.sec.govtroweprice.com
  • Despite being new, it already stands among the strongest-rated funds in a crowded active international equity group, with long-term capital growth as the stated goal.

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.
  • TACN Launched December 10, 2025, so the track record is short and assets are still small. Trading is thin, which can mean wider spreads than at big index rivals.
  • The zero fee is contractual, not permanent: it runs through January 30, 2027, after which the 0.20% gross expense ratio kicks in.troweprice.com
  • Low tracking error is the design, not a bug. The active tilt is deliberately modest, so the portfolio is built to hug EAFE rather than stray from it.sec.gov

Full AVDE profile⁠

Full TACN profile⁠

AVDE vs TACN 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 TACN Cost

Overpaying AVDE vs TACN

$4,759

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

  • AVDE 0.23%

    $4,759

  • TACN 0.00%

    $0

$10,000
30 years

Cost over time

  • AVDE 0.23%
  • TACN 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530AVDE $4,759TACN $0

Year by year

YearAVDETACNOverpaying
10$419$0$419
20$1,630$0$1,630
30$4,759$0$4,759

Expense ratio

  • 0.23%AVDE
  • 0.00%TACN, cheaper
  • Middle half of International Active Equity funds
  • Median 0.55%

TACN cheapest of 55 funds

AVDE 3rd cheapest of 55 funds

AVDE vs TACN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVDE 2.84%
TACN No data
Payout (12M)
AVDE $2.53
TACN None
Last payment
AVDE $0.33
TACN No data
Ex-dividend
AVDE Sep 8, 2026
TACN No data
Paid on
AVDE Sep 10, 2026
TACN No data
Frequency
AVDE Quarterly
TACN No data

Distribution history

Per share, 2019 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠
One bar per payment. 16 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.16; Jun 23, 2020 $0.39; Dec 17, 2020 $0.54; Jun 22, 2021 $0.70; Dec 16, 2021 $0.86; Jun 21, 2022 $0.95; Dec 15, 2022 $0.53; Jun 20, 2023 $1.05; Dec 18, 2023 $0.77; Jun 24, 2024 $1.17; Dec 17, 2024 $0.85; Jun 24, 2025 $1.25; Dec 16, 2025 $0.94; Mar 10, 2026 $0.10; Jun 9, 2026 $1.17; Sep 8, 2026 $0.33. Use the arrow keys to read each point.$0$1202020232026YTD
TACNAll TACN payments⁠

No distribution history available.

AVDE vs TACN 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%TACN No data
Return per unit of riskSharpe ratio, 3 years
AVDE 1.35TACN No data
Worst fallMax drawdown, 5 years
AVDE −28.7%TACN No data
Market sensitivityBeta, 5 years
AVDE 0.88TACN 0.65

AVDE and TACN in the news

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