AVDE vs TDI: Grades, Fees and Holdings Compared

Avantis International Equity ETF

AVDEANYSE Arca

Touchstone Dynamic International ETF

TDICNasdaq

Overlap

8.8%by weight

Expense ratio

AVDE −0.42pt a year

AVDE0.23%TDI0.65%

Avg volume · 30D

AVDE 13.2×the volume

AVDE1.07MTDI81K

AVDE vs TDI Performance

Nov 7, 2025 – Nov 9, 2026

+17.4%AVDE+21.6%TDI

Expense ratio: AVDE 0.23%, better; TDI 0.65%
Fund size: AVDE $19.3B; TDI $524M
1Y total return: AVDE +17.4%; TDI +21.6%, better
Yield (12M): AVDE 2.80%, better; TDI 1.68%
Holdings: AVDE 3397; TDI 117
Avg volume (30D): AVDE 1.07M sh, better; TDI 81K sh
NAV per share: AVDE $87.59; TDI $43.14
52W range

ETF.net Grade

Pillar letters and Scores for AVDE, TDI, with each pillar’s weight
Pillar	AVDE	TDI
Cost30% weight	A96Higher	D34
Mission25% weight	Not scored	Not scored
Risk15% weight	B68Higher	B57
Tradability15% weight	A91Higher	B56
Holdings10% weight	A90Higher	B59
Durability5% weight	A89Higher	A74

Rank among International Active Equity funds

How we build Categories ›

Same Category. AVDE and TDI 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 TDI 29th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 88
Rank 2ADFICDimensional International Core Equity 2 ETFScore 87
Rank 27CQUIZZacks Quality International ETFScore 49
Rank 29CTDITouchstone Dynamic International ETFScore 48
Rank 29CTINSTempleton International Insights ETFScore 48

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

TDICTouchstone Dynamic 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.

TDI An active international fund that skips price targets. Los Angeles Capital's quant model reads which company traits investors are rewarding right now and rebuilds the portfolio around them, typically monthly.

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.

TDI The Fund seeks capital appreciation by investing primarily in equity securities of companies outside the United States.

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.

TDI No price targets. The model forecasts which traits (earnings quality, balance-sheet strength) investors currently favor, then rebalances toward them, typically monthly.sec.gov
One passport, both halves of the world outside the US: at least 80% in non-US equities, developed and emerging, with room for depositary receipts, preferred stock and REITs.sec.gov
0.65% net of a waiver through April 29, 2027, against a 1.04% gross fee, so the waiver is doing real work while it runs.
Fully transparent active: holdings post daily, no shielded portfolio. The strategy moved into the ETF wrapper in December 2023, when Touchstone converted a predecessor mutual fund.westernsouthern.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.

TDI Costs sit above the category median. Broad core peers DFIC (0.22%) and AVDE (0.23%) cover international for a fraction, and TACN's fee is waived to zero through January 30, 2027.
When the waiver ends April 29, 2027, the stated gross fee is 1.04% unless Touchstone extends it.
Monthly rebalancing means real turnover, worth knowing in a taxable account, and payouts come on an annual schedule rather than quarterly.sec.gov westernsouthern.com

Full AVDE profile⁠

Full TDI profile⁠

AVDE vs TDI Holdings

How AVDE and TDI differ

Overlap by weight

8.8%

Shared holdings make up 54.2% of TDI and 8.8% of AVDE.

Level by level

Holdings61 in both8.8%
Countryby domicile57.0%
Sector11 Sectors70.0%
Asset classStocks100%

Sector

Sector weights in AVDE and TDI, widest gap first
Sector	Gap	AVDE	TDI
Technology	TDI +20.1 points	6.6%	26.7%
Materials	AVDE +9.3 points	11.4%	2.1%
Consumer Discretionary	AVDE +7.7 points	10.0%	2.3%
Energy	TDI +5.1 points	7.4%	12.5%
Industrials	AVDE +4.2 points	17.1%	12.9%
Health Care	TDI +4.1 points	6.6%	10.7%
Utilities	AVDE +4.0 points	4.0%	0.0%
Consumer Staples	AVDE +3.0 points	5.6%	2.6%
Real Estate	AVDE +1.3 points	1.3%	0.0%
Financials	TDI +0.5 points	26.2%	26.7%
Communication	AVDE +0.6 points	3.9%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in AVDE and TDI, widest gap first
Country	Gap	AVDE	TDI
Taiwan	TDI +10.3 points	0.0%	10.3%
United Kingdom	AVDE +7.3 points	12.3%	5.0%
France	AVDE +6.5 points	6.9%	0.4%
Australia	AVDE +6.3 points	6.3%	0.0%
Germany	AVDE +5.0 points	7.1%	2.1%
China	TDI +4.9 points	0.2%	5.1%
South Korea	TDI +4.9 points	0.0%	4.9%
Switzerland	AVDE +4.9 points	8.5%	3.6%
Other countries (25)	TDI +9.8 points	58.6%	68.4%

Outside the US: AVDE 98% developed, 2% emerging. TDI 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

AVDE7.4%
TDI24.3%

Securities held

AVDE3,379
TDI107

Asset class

AVDE: Stocks
TDI: Stocks

Holdings

Only in AVDE3,318
In both61
Only in TDI46

Only in AVDE

3,318 securities, 91.2% of AVDE by weight

Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.091.20%
Roche Holding AG Common Stock CHF.0011.05%
Shell PLC Adr Adr0.94%
Hsbc Holdings PLC Spons Adr Adr0.70%
Nestle SA Reg Common Stock CHF.10.70%
Banco Bilbao Vizcaya Sp Adr Adr0.63%
Allianz SE Reg Common Stock0.58%
Ubs Group AG Reg Common Stock USD.10.58%
Bhp Group Ltd Spon Adr Adr0.56%
Zurich Insurance Group AG Common Stock CHF.10.52%
Toyota Motor Corp Spon Adr Adr0.51%
Novartis AG Sponsored Adr Adr0.51%
Bp PLC Spons Adr Adr0.51%
Safran SA Common Stock EUR.20.46%
Royal Bank of Canada Common Stock0.45%
Ing Groep N.v. Sponsored Adr Adr0.45%
Astrazeneca PLC Common Stock0.44%
Totalenergies SE Common Stock0.44%
Mitsubishi Ufj Finl Spon Adr Adr0.43%
Canadian Natural Resources Common Stock0.42%
Bnp Paribas Common Stock EUR2.00.40%
Gsk PLC Spon Adr Adr0.39%
Agnico Eagle Mines Ltd Common Stock0.37%
Repsol SA Common Stock EUR1.00.36%
Iberdrola SA Common Stock EUR.750.36%
Sumitomo Mitsui Spons Adr Adr0.35%
Standard Chartered PLC Common Stock USD.50.35%
Banco Santander SA Spon Adr Adr0.34%
Vinci SA Common Stock EUR2.50.34%
Barclays PLC Spons Adr Adr0.33%
Axa SA Common Stock EUR2.290.33%
Rwe AG Common Stock0.32%
Novo Nordisk A/S Spons Adr Adr0.31%
Can Imperial Bk of Commerce Common Stock0.30%
Muenchener Rueckver AG Reg Common Stock0.30%
Natwest Group PLC Spon Adr Adr0.29%
Sap SE Sponsored Adr Adr0.29%
Sony Group Corp Sp Adr Adr0.29%
Schneider Electric SE Common Stock EUR4.00.29%
Rio Tinto PLC Spon Adr Adr0.29%
Softbank Group Corp Common Stock0.28%
Swiss Re AG Common Stock USD.120.28%
Tesco PLC Common Stock GBP.06333330.28%
Dbs Group Holdings Ltd Common Stock0.28%
Mizuho Financial Group Adr Adr0.28%
National Bank of Canada Common Stock0.28%
Commonwealth Bank of Austral Common Stock0.27%
Koninklijke Ahold Delhaize N Common Stock EUR.010.27%
Cie Financiere Richemo A Reg Common Stock CHF1.00.27%
Lloyds Banking Group PLC Adr Adr0.27%

Only in TDI

46 securities, 43.2% of TDI by weight

Taiwan Semiconductor Manufacturing Co Ltd5.74%
Asml Holding NV2.73%
Sony Group Corp2.05%
Samsung Electronics Co Ltd1.97%
Japan Tobacco Inc1.71%
Ing Groep NV1.36%
Southern Copper Corp1.33%
Natwest Group PLC1.26%
Hon Hai Precision Industry Co Ltd1.24%
Sk Hynix Inc1.23%
Indian Oil Corp Ltd1.00%
Credicorp Ltd0.99%
Ap Moller - Maersk A/S0.98%
China Pacific Insurance Group Co Ltd0.93%
Canara Bank0.93%
Saab Ab0.90%
Petroleo Brasileiro SA - Petrobras0.87%
Wuxi Apptec Co Ltd0.81%
E.sun Financial Holding Co Ltd0.80%
Bharti Airtel Ltd0.80%
Epiroc Ab0.79%
Innovent Biologics Inc0.76%
Bharat Petroleum Corp Ltd0.75%
Galp Energia Sgps SA0.75%
Tim Sa/Brazil0.66%
Imperial Brands PLC0.64%
Petroleo Brasileiro SA - Petrobras0.61%
Hsbc Holdings PLC0.60%
Krafton Inc0.60%
China Petroleum & Chemical Corp0.59%
Kasikornbank Pcl0.59%
Banco Bilbao Vizcaya Argentaria SA0.58%
Eva Airways Corp0.53%
Hd Korea Shipbuilding & Offshore Engineering Co Ltd0.53%
United Microelectronics Corp0.52%
Exor NV0.50%
Sino Biopharmaceutical Ltd0.50%
Union Bank of India Ltd0.49%
Quanta Computer Inc0.46%
Aura Minerals Inc0.45%
Geely Automobile Holdings Ltd0.42%
Winbond Electronics Corp0.35%
Ping An Insurance Group Co of China Ltd0.32%
China Hongqiao Group Ltd0.30%
Delta Electronics Inc0.20%
SinoPac Financial Holdings Co Ltd<0.01%

Weight gaps

All 61 Holdings in both funds, largest gap first.

Holding weights in AVDE and TDI, widest gap first
Holding	Gap	AVDE	TDI
Keyence Corp Common Stock	TDI +2.03 points	0.02%	2.05%
Orion Oyj Class B Common Stock EUR.65	TDI +1.77 points	0.07%	1.84%
Intesa Sanpaolo Common Stock	TDI +1.73 points	0.26%	1.99%
Aia Group Ltd Common Stock	TDI +1.66 points	0.20%	1.86%
Oversea Chinese Banking Corp Common Stock	TDI +1.30 points	0.32%	1.62%
Japan Post Bank Co Ltd Common Stock	TDI +1.24 points	0.04%	1.28%
Suncor Energy Inc Common Stock	TDI +1.21 points	0.41%	1.62%
Galderma Group AG Common Stock CHF.01	TDI +1.18 points	0.05%	1.23%
Astellas Pharma Inc Common Stock	TDI +1.14 points	0.17%	1.31%
Vestas Wind Systems A/S Common Stock DKK.2	TDI +1.12 points	0.17%	1.29%
Geberit AG Reg Common Stock CHF.1	TDI +1.10 points	0.06%	1.16%
Be Semiconductor Industries Common Stock EUR.01	TDI +1.06 points	0.03%	1.09%
Shell PLC Common Stock EUR.07SHEL.L	TDI +1.04 points	0.09%	1.13%
Singapore Tech Engineering Common Stock	TDI +1.03 points	0.06%	1.09%
Boc Hong Kong Holdings Ltd Common Stock	TDI +0.99 points	0.14%	1.13%
Shopify Inc Class A Common Stock	TDI +0.97 points	0.15%	1.12%
Neste Oyj Common Stock	TDI +0.98 points	0.05%	1.03%
Bank of Nova Scotia Common Stock	TDI +0.95 points	0.29%	1.24%
Coloplast B Common Stock DKK1.0	TDI +0.96 points	0.01%	0.97%
Imperial Oil Ltd Common Stock	TDI +0.94 points	0.05%	0.99%
Magna International Inc Common Stock	TDI +0.94 points	0.16%	1.10%
Finecobank Spa Common Stock EUR.33	TDI +0.94 points	0.11%	1.05%
Swedish Orphan Biovitrum Ab Common Stock SEK.55	TDI +0.88 points	0.02%	0.90%
Unicredit Spa Common Stock	TDI +0.88 points	0.31%	1.19%
Singapore Airlines Ltd Common Stock	TDI +0.88 points	0.05%	0.93%
Talanx AG Common Stock	TDI +0.84 points	0.08%	0.92%
Rolls Royce Holdings PLC Common Stock GBP.2RR.L	TDI +0.82 points	0.43%	1.25%
Danske Bank A/S Common Stock DKK10.0	TDI +0.81 points	0.13%	0.94%
Ana Holdings Inc Common Stock	TDI +0.80 points	0.03%	0.83%
Sitc International Holdings Common Stock HKD.1	TDI +0.74 points	0.08%	0.82%
Asm International NV Common Stock EUR.04	TDI +0.73 points	0.15%	0.88%
Eneos Holdings Inc Common Stock	TDI +0.70 points	0.12%	0.82%
Japan Airlines Co Ltd Common Stock	TDI +0.65 points	0.02%	0.67%
Omv AG Common Stock	TDI +0.64 points	0.05%	0.69%
Asics Corp Common Stock	TDI +0.61 points	0.10%	0.71%
Swire Pacific Ltd Class A Common Stock	TDI +0.59 points	0.07%	0.66%
Straumann Holding AG Reg Common Stock CHF.01	TDI +0.56 points	0.05%	0.61%
Hoya Corp Common Stock	TDI +0.56 points	0.08%	0.64%
Indra Sistemas SA Common Stock EUR.2	TDI +0.52 points	<0.01%	0.52%
Merck Kgaa Common Stock	TDI +0.50 points	0.06%	0.56%
Sumitomo Mitsui Trust Group Common Stock	TDI +0.50 points	0.13%	0.63%
Advantest Corp Common Stock	TDI +0.50 points	0.36%	0.86%
Tokio Marine Holdings Inc Common Stock	TDI +0.48 points	0.26%	0.74%
Aker Bp Asa Common Stock NOK1.0	TDI +0.46 points	<0.01%	0.47%
Recruit Holdings Co Ltd Common Stock	TDI +0.42 points	0.27%	0.69%
Singapore Exchange Ltd Common Stock	TDI +0.42 points	0.08%	0.50%
Nec Corp Common Stock	TDI +0.39 points	0.08%	0.47%
Bankinter SA Common Stock EUR.3	TDI +0.38 points	0.06%	0.44%
Toronto Dominion Bank Common Stock	TDI +0.36 points	0.45%	0.81%
Lonza Group AG Reg Common Stock CHF1.0	TDI +0.34 points	0.28%	0.62%
Inpex Corp Common Stock	TDI +0.28 points	0.12%	0.40%
Renesas Electronics Corp Common Stock	TDI +0.27 points	0.02%	0.29%
Tdk Corp Common Stock	TDI +0.21 points	0.14%	0.35%
Bank of Montreal Common Stock	TDI +0.21 points	0.32%	0.53%
Disco Corp Common Stock	TDI +0.21 points	0.01%	0.22%
Deutsche Telekom AG Reg Common Stock	TDI +0.20 points	0.41%	0.61%
Celestica Inc Common Stock	TDI +0.17 points	0.22%	0.39%
Societe Generale SA Common Stock EUR1.25	TDI +0.17 points	0.28%	0.45%
Cenovus Energy Inc Common Stock	TDI +0.17 points	0.29%	0.46%
Tokyo Electron Ltd Common Stock	TDI +0.13 points	0.11%	0.24%
Fujikura Ltd Common Stock	TDI +0.10 points	0.19%	0.29%

All 3,378 AVDE holdings⁠All TDI 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 TDI Cost

Overpaying TDI vs AVDE

$7,958

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

AVDE 0.23%
$4,759
TDI 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

AVDE 0.23%
TDI 0.65%
Overpaying

Year by year

Year	AVDE	TDI	Overpaying
10	$419	$1,163	$744
20	$1,630	$4,440	$2,810
30	$4,759	$12,717	$7,958

Expense ratio

0.23%AVDE, cheaper
0.65%TDI

AVDE0.23%TDI0.65%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

AVDE 3rd cheapest of 55 funds

TDI 36th cheapest of 55 funds

AVDE vs TDI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): AVDE 2.80%, better; TDI 1.68%
Payout (12M): AVDE $2.53; TDI $0.75
Last payment: AVDE $0.33; TDI $0.75
Ex-dividend: AVDE Sep 8, 2026; TDI Dec 30, 2025
Paid on: AVDE Sep 10, 2026; TDI Dec 31, 2025
Frequency: AVDE Quarterly; TDI Annual

Distribution history

Per share, 2019 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠

TDIAnnual · 3 paymentsAll TDI payments⁠

AVDE vs TDI 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%TDI 12.8%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: AVDE 1.35TDI 1.30since Jan 2024
Worst fallMax drawdown, 5 years: AVDE −28.5%TDI −15.0%since Dec 2023
Market sensitivityBeta, 5 years: AVDE 0.80TDI 0.95; Market = 1

AVDE and TDI 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
Touchstone files to convert Dynamic Large Cap Growth into TDLG
Sep 25, 2026TDI
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 TDI

In short

Stated mandate

Why people hold it