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AVDV vs ICPY

Avantis International Small Cap Value ETF

AVDVANYSE Arca

Tweedy, Browne International Insider + Value ETF

ICPYDNYSE Arca

Overlap

4.9%by weight

Expense ratio

AVDV −0.44pt a year

AVDV0.36%ICPY0.80%

Avg volume · 30D

AVDV 37.4×the volume

AVDV785KICPY21K

AVDV vs ICPY Performance

Oct 31, 2025 – Oct 30, 2026

+22.0%AVDV+30.4%ICPY

Oct 31, 2025 to Oct 30, 2026. AVDV +22.0%. ICPY +30.4%. Use the arrow keys to read each point.0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
AVDV 0.36%, better
ICPY 0.80%
Fund size
AVDV $19.7B
ICPY $80M
1Y total return
AVDV +22.0%
ICPY +30.4%, better
Yield (12M)
AVDV 3.30%
ICPY No data
Holdings
AVDV 1725
ICPY 139
Avg volume (30D)
AVDV 785K sh, better
ICPY 21K sh
NAV per share
AVDV $104.97
ICPY $13.09
52W range

ETF.net Grade

AVDV: Cost 94, Risk 49, Mission not scored, Tradability 88, Holdings 91, Durability 94. ICPY: Cost 6, Risk 84, Mission not scored, Tradability 44, Holdings 73, Durability 44.
Pillar letters and Scores for AVDV, ICPY, with each pillar’s weight
PillarAVDVICPY
Cost30% weightA94HigherF6
Mission25% weightNot scoredNot scored
Risk15% weightC49A84Higher
Tradability15% weightA88HigherC44
Holdings10% weightA91HigherA73
Durability5% weightA94HigherC44

Rank among International Active Value funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVDV and ICPY are both graded against the same 18 International Active Value funds, so their Grades compare head to head.

International Active Value⁠

Category · 18 funds
See all 18 ›

AVDV ranks 2nd and ICPY 12th of 18 funds in the International Active Value Category.

  1. Rank 1AAVIVAvantis International Large Cap Value ETFScore 84
  2. Rank 2AAVDVAvantis International Small Cap Value ETFScore 83
  3. Rank 3AJIVEJPMorgan International Value ETFScore 71
  4. Rank 11CTXUEThornburg International Equity ETFScore 41
  5. Rank 12DICPYTweedy, Browne International Insider + Value ETFScore 40
  6. Rank 13DDINTDavis Select International ETFScore 38

Our read on each fund

ETF.net Research

AVDVAAvantis International Small Cap Value ETF

ICPYDTweedy, Browne International Insider + Value ETF

In short

AVDV Foreign small-cap value is the thin, overlooked corner of the world market. AVDV works it with index-like breadth, roughly 1,700 overseas small caps screened for cheap prices and real profits, at a fee well under its peer group's median.

ICPY Most value funds stop at "cheap." Tweedy, Browne's international ETF wants a second signal: insiders buying their own stock, or the company buying back shares. Old-school value logic, aimed outside the US.

Stated mandate

AVDV Seeks long-term capital appreciation by investing in non-U.S. developed small-cap companies selected for low valuations and higher profitability ratios.

ICPY The Fund seeks long-term capital growth. It mainly invests in non-U.S. equities the Adviser considers undervalued when company insiders are buying shares or the company is pursuing opportunistic buybacks.

Why people hold it

  • AVDV Charges 0.36% a year, well under the median for active international value funds and below peers like JIVE (0.55%) and FEOE (0.50%).
  • Holds roughly 1,700 non-US developed small caps and stacks a profitability screen on top of the value screen, aimed at the cheap-for-a-reason names.avantisinvestors.com
  • Live since 2019 and now a multi-billion-dollar fund that changes hands readily, which matters when the underlying holdings are small foreign stocks.
  • One of the stronger builds in its active international value group: broad, cheap, and rules-driven rather than a manager's hunch list.avantisinvestors.com
  • ICPY Two filters, not one: the adviser's own value scoring, plus evidence that company insiders are buying shares or the firm is running opportunistic buybacks.
  • Purely non-US equity mandate, so it covers ground a US-heavy core portfolio does not.
  • Lands in the upper half of its global active-equity peer group despite being one of the youngest funds in it, launched in 2025.

Worth knowing

  • AVDV Small caps abroad plus a value tilt can swing harder than big-name international funds, and currency moves flow straight through to results.avantisinvestors.com
  • Actively managed with no index to replicate, so holdings follow Avantis' models. MSCI World ex-USA Small Cap is the yardstick, not the blueprint.avantisinvestors.com
  • Developed markets only, and it pays quarterly rather than monthly. For overseas large-cap value, sibling fund AVIV runs 0.25%.
  • ICPY The 0.80% expense ratio runs above the typical global active fund, and broad index-based rivals like GSWO (0.15%) sit far below it.
  • Thinly traded so far. Spreads can run wider than on large index funds, which matters most on big or hurried orders.
  • Launched in 2025, so there is little history to judge the strategy on in ETF form. Distributions come once or twice a year, not monthly.

Full AVDV profile⁠

Full ICPY profile⁠

AVDV vs ICPY Holdings

How AVDV and ICPY differ

Overlap by weight

4.9%

Shared holdings make up 32.5% of ICPY and 4.9% of AVDV.

Level by level

  • Holdings35 in both4.9%
  • Countryby domicile49.6%
  • Asset classEquity100%

Sector

No Sector split for ICPY.

Country, concentration and asset class

Country by domicile

Country weights in AVDV and ICPY, widest gap first
CountryMore in AVDVMore in ICPY
JapanAVDV +30.1 points
United KingdomICPY +10.5 points
South KoreaICPY +8.6 points
AustraliaAVDV +8.4 points
United StatesICPY +5.3 points
SpainICPY +5.0 points
FranceICPY +4.4 points
IsraelAVDV +4.2 points
Other countries (24)ICPY +9.0 points

Outside the US: AVDV 95% developed, 5% emerging. ICPY 85% developed, 15% emerging.

Concentration

Weight in the 10 largest Holdings

  • AVDV6.1%
  • ICPY16.1%

Securities held

  • AVDV1,716
  • ICPY127

Asset class

AVDV
Equity
ICPY
Equity

Holdings

  • Only in AVDV1,681
  • In both35
  • Only in ICPY92

Only in AVDV

1,681 securities, 95.1% of AVDV by weight

  • Austria Technologie & System Common Stock0.77%
  • Whitbread PLC Common Stock GBP.7679740.72%
  • Perseus Mining Ltd Common Stock0.64%

Only in ICPY

92 securities, 63.7% of ICPY by weight

  • Repsol SA1.64%
  • B&M European Value Retail plc1.36%
  • Hafnia Ltd1.36%

Weight gaps

All 35 Holdings in both funds, largest gap first.

Holding weights in AVDV and ICPY, widest gap first
HoldingMore in AVDVMore in ICPY
Bankinter SA Common Stock EUR.3ICPY +1.49 points
First Resources Ltd Common StockICPY +1.35 points
National Bank of Canada Common StockICPY +1.28 points
Norion Bank Ab Common Stock SEK100.0ICPY +1.24 points
Peyto Exploration & Dev Corp Common StockICPY +1.23 points
Mitchells & Butlers PLC Common Stock GBP.0854167MAB.LICPY +1.04 points
Hilton Food Group PLC Common StockHFG.LICPY +1.03 points
Gestamp Automocion SA Common Stock EUR.5ICPY +0.95 points

All 1,728 AVDV holdings⁠All ICPY 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.

AVDV vs ICPY Cost

Overpaying ICPY vs AVDV

$8,026

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

  • AVDV 0.36%

    $7,320

  • ICPY 0.80%

    $15,346

$10,000
30 years

Cost over time

  • AVDV 0.36%
  • ICPY 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ICPY $15,346AVDV $7,320

Year by year

YearAVDVICPYOverpaying
10$652$1,422$770
20$2,522$5,393$2,871
30$7,320$15,346$8,026

Expense ratio

  • 0.36%AVDV, cheaper
  • 0.80%ICPY
  • Middle half of International Active Value funds
  • Median 0.63%

AVDV 2nd cheapest of 18 funds

ICPY 17th cheapest of 18 funds

AVDV vs ICPY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVDV 3.30%
ICPY No data
Payout (12M)
AVDV $3.47
ICPY No data
Last payment
AVDV $0.54
ICPY $0.03
Ex-dividend
AVDV Sep 8, 2026
ICPY Dec 23, 2025
Paid on
AVDV Sep 10, 2026
ICPY Dec 24, 2025
Frequency
AVDV Quarterly
ICPY Irregular

Distribution history

Per share, 2019 to 2026, same scale for both

AVDVQuarterly · 16 paymentsAll AVDV payments⁠
One bar per payment. 16 payments from 2019 to 2026 YTD. Dec 23, 2019 $0.20; Jun 23, 2020 $0.30; Dec 17, 2020 $0.66; Jun 22, 2021 $0.62; Dec 16, 2021 $0.92; Jun 21, 2022 $0.99; Dec 15, 2022 $0.76; Jun 20, 2023 $1.16; Dec 18, 2023 $0.89; Jun 24, 2024 $1.18; Dec 17, 2024 $1.62; Jun 24, 2025 $1.45; Dec 16, 2025 $1.42; Mar 10, 2026 $0.12; Jun 9, 2026 $1.39; Sep 8, 2026 $0.54. Use the arrow keys to read each point.$0$1202020232026YTD
ICPYIrregular · 1 paymentAll ICPY payments⁠
One bar per payment. 1 payment from 2019 to 2026 YTD. Dec 23, 2025 $0.03. Use the arrow keys to read each point.$0$1202020232026YTD

AVDV vs ICPY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVDV 14.7%ICPY 11.5%since Oct 2025
Return per unit of riskSharpe ratio, 3 years
AVDV 1.46ICPY 1.87since Oct 2025
Worst fallMax drawdown, 5 years
AVDV −27.9%ICPY −8.9%since Sep 2025
Market sensitivityBeta, 5 years
AVDV 0.94ICPY 0.34

AVDV and ICPY in the news

All news⁠

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