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AVDE vs TIER

Avantis International Equity ETF

AVDEANYSE Arca

T. Rowe Price International Equity Research ETF

TIERBNYSE Arca

Overlap

Expense ratio

AVDE −0.15pt a year

AVDE0.23%TIER0.38%

Avg volume · 30D

AVDE 66.9×the volume

AVDE1.06MTIER15.8K

AVDE vs TIER Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%AVDE+12.9%TIER

Oct 31, 2025 to Oct 30, 2026. AVDE +15.6%. TIER +12.9%. Use the arrow keys to read each point.0%5%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
AVDE 0.23%, better
TIER 0.38%
Fund size
AVDE $19.4B
TIER $135M
1Y total return
AVDE +15.6%, better
TIER +12.9%
Yield (12M)
AVDE 2.84%
TIER No data
Holdings
AVDE 3394
TIER 435
Avg volume (30D)
AVDE 1.06M sh, better
TIER 15.8K sh
NAV per share
AVDE $89.03
TIER $30.99
52W range

ETF.net Grade

AVDE: Cost 96, Risk 63, Mission not scored, Tradability 92, Holdings 90, Durability 89. TIER: Cost 80, Risk 55, Mission not scored, Tradability 41, Holdings 76, Durability 49.
Pillar letters and Scores for AVDE, TIER, with each pillar’s weight
PillarAVDETIER
Cost30% weightA96HigherA80
Mission25% weightNot scoredNot scored
Risk15% weightB63HigherB55
Tradability15% weightA92HigherC41
Holdings10% weightA90HigherA76
Durability5% weightA89HigherC49

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 TIER 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 TIER 16th 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 16BPIEQPrincipal International Equity ETFScore 64
  4. Rank 16BTIERT. Rowe Price International Equity Research ETFScore 64
  5. Rank 18BINEQColumbia International Equity Income ETFScore 63

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

TIERBT. Rowe Price International Equity Research 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.

TIER Roughly 40 T. Rowe Price analysts pick the stocks, while sector and industry weights stay close to the MSCI ACWI ex USA Index. The wager here is name-by-name research abroad, not a call on which sector or region takes the lead.

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.

TIER The fund seeks long-term capital appreciation. It is an actively managed ETF investing primarily in non-U.S. stocks across developed and emerging markets, using bottom-up research and seeking excess returns relative to the MSCI ACWI ex USA Index.

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.
  • TIER Charges 0.38%, below the 0.60% median for active international equity funds in its peer group.
  • The portfolio is built from the picks of roughly 40 T. Rowe Price equity research analysts, with portfolio managers holding oversight and final discretion.troweprice.com
  • Sector and industry weights hug the MSCI ACWI ex USA Index, so results relative to that benchmark hinge on stock selection rather than sector bets.troweprice.com
  • One ticker covers both developed and emerging markets, spread across roughly 300 stocks, in a fully transparent active ETF wrapper.prnewswire.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.
  • TIER Index-like sector weights cut both ways: the fund has less room to reallocate across sectors than active funds with a freer hand, and can lag them as a result.troweprice.com
  • It began trading in June 2025, so the track record is short, and it remains a small, thinly traded fund where bid-ask spreads deserve a look before you trade.
  • Cheaper systematic rivals cover similar ground, with AVDE at 0.23% and DFIC at 0.22%.

Full AVDE profile⁠

Full TIER profile⁠

AVDE vs TIER 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 TIER Cost

Overpaying TIER vs AVDE

$2,947

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

  • AVDE 0.23%

    $4,759

  • TIER 0.38%

    $7,706

$10,000
30 years

Cost over time

  • AVDE 0.23%
  • TIER 0.38%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530TIER $7,706AVDE $4,759

Year by year

YearAVDETIEROverpaying
10$419$688$269
20$1,630$2,658$1,028
30$4,759$7,706$2,947

Expense ratio

  • 0.23%AVDE, cheaper
  • 0.38%TIER
  • Middle half of International Active Equity funds
  • Median 0.55%

AVDE 3rd cheapest of 55 funds

TIER 12th cheapest of 55 funds

AVDE vs TIER Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVDE 2.84%
TIER No data
Payout (12M)
AVDE $2.53
TIER No data
Last payment
AVDE $0.33
TIER $0.21
Ex-dividend
AVDE Sep 8, 2026
TIER Dec 23, 2025
Paid on
AVDE Sep 10, 2026
TIER Dec 26, 2025
Frequency
AVDE Quarterly
TIER Irregular

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
TIERIrregular · 1 paymentAll TIER payments⁠
One bar per payment. 1 payment from 2019 to 2026 YTD. Dec 23, 2025 $0.21. Use the arrow keys to read each point.$0$1202020232026YTD

AVDE vs TIER 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%TIER 14.4%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
AVDE 1.35TIER 0.87since Jul 2025
Worst fallMax drawdown, 5 years
AVDE −28.7%TIER −12.1%since Jun 2025
Market sensitivityBeta, 5 years
AVDE 0.88TIER 0.91

AVDE and TIER in the news

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