AVGE vs GEQ: Grades, Fees and Holdings Compared

Avantis All Equity Markets ETF

AVGEANYSE Arca

Cambria Global EW 2 ETF

GEQANasdaq

Overlap

0.0%by weight

Expense ratio

AVGE −0.04pt a year

AVGE0.23%GEQ0.27%

Avg volume · 30D

AVGE 42.3×the volume

AVGE82.7KGEQ1.95K

AVGE vs GEQ Performance

Jul 31, 2026 – Nov 2, 2026

−0.2%AVGE+1.4%GEQ

Expense ratio: AVGE 0.23%, better; GEQ 0.27%
Fund size: AVGE $1.26B; GEQ $204M
1Y total return: AVGE +18.9%; GEQ No data
Yield (12M): AVGE 1.75%; GEQ No data
Holdings: AVGE 16; GEQ 671
Avg volume (30D): AVGE 82.7K sh, better; GEQ 1.95K sh
NAV per share: AVGE $98.29; GEQ $51.26
52W range

ETF.net Grade

Pillar letters and Scores for AVGE, GEQ, with each pillar’s weight
Pillar	AVGE	GEQ
Cost30% weight	A95Higher	A91
Mission25% weight	A74	Not scored
Risk15% weight	A72	A73Higher
Tradability15% weight	A83Higher	D38
Holdings10% weight	D35	A91Higher
Durability5% weight	A78Higher	B57

Rank among Global Active Equity funds

How we build Categories ›

Same Category. AVGE and GEQ are both graded against the same 44 Global Active Equity funds, so their Grades compare head to head.

Global Active Equity⁠

Category · 44 funds

See all 44 ›

AVGE ranks 1st and GEQ 5th of 44 funds in the Global Active Equity Category.

Rank 1AAVGEAvantis All Equity Markets ETFScore 79
Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
Rank 5ABFLXiShares Flexible Equity Active ETFScore 74
Rank 5AGEQCambria Global EW 2 ETFScore 74
Rank 7ABDYNiShares Dynamic Equity Active ETFScore 73

Our read on each fund

ETF.net Research

AVGEAAvantis All Equity Markets ETF

GEQACambria Global EW 2 ETF

In short

AVGE Avantis's whole-world equity portfolio in one ticker: a fund built from its own factor ETFs across US, developed and emerging markets, tilted toward smaller and cheaper stocks, at 0.23% a year with no waiver involved.

GEQ Equal weight, worldwide: every large cap gets the same slice, so a few mega caps don't run the show. Cambria launched it through a Section 351 exchange, built as a landing spot for concentrated, low-basis stock.

Stated mandate

AVGE The fund seeks long-term capital appreciation through a broadly diversified equity portfolio. It invests directly or through Avantis ETFs and emphasizes companies expected to offer higher returns or better risk characteristics than a passive, market-cap-weighted index.

GEQ The fund seeks capital appreciation through diversified exposure to global equities, using an equal-weighted approach intended to reduce concentration and improve diversification relative to market-cap weighting.

Why people hold it

AVGE One ticker, the whole map: it owns a series of other Avantis ETFs spanning US, developed international and emerging markets.avantisinvestors.com
0.23% a year, below the typical global active equity fund, and that is the real number, not a temporary waiver.
No closet indexing. The mandate emphasizes companies Avantis expects to offer higher returns or better risk traits than a passive, cap-weighted index.ifa.com
Sits among the strongest implementations in its global active equity peer group, and it pays shareholders quarterly.

GEQ Equal weighting keeps the giants in line: holdings get the same target slice, so the portfolio doesn't hinge on a handful of trillion-dollar names.cambriafunds.com
0.27% a year: well under the typical active global equity fund, and in the same neighborhood as the cheapest names in the group, AVGE and DFAW.
Launched with a Section 351 exchange, letting qualifying investors contribute appreciated securities for fund shares without immediately realizing the gain.yahoo.com
Global means global: US and overseas large caps sit in one ticker, instead of a domestic fund bolted to an international sleeve.cambriafunds.com

Worth knowing

AVGE At the fund level you hold a handful of Avantis ETFs, so the stock-level diversification is look-through and one firm's research drives the entire stack.avantisinvestors.com
The prospectus targets roughly 70% US equity (band 63% to 77%), so the geographic mix follows Avantis's policy rather than global market weights.ifa.com
A close sibling, AVTM, covers total equity markets at 0.22% with no waiver attached.

GEQ It started trading in 2026, so the track record is short and risk measures rest on a thin window of data.
Thinly traded next to the category's household names, so spreads can widen. Limit orders matter more here than with a mega-fund.
Staying equal takes work: periodic rebalancing can mean more turnover and trading costs than a cap-weighted fund, which lets winners ride for free.cambriafunds.com

Full AVGE profile⁠

Full GEQ profile⁠

AVGE vs GEQ Holdings

How AVGE and GEQ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AVGE and 0.0% of GEQ.

Level by level

Holdings0 in both0.0%
Sector11 Sectors87.1%
Countryby domicile91.5%
Asset classEquity100%

Sector

Sector weights in AVGE and GEQ, widest gap first
Sector	More in AVGEMore in GEQ	AVGE	GEQ
Technology	GEQ +6.2 points	21.4%	27.6%
Health Care	GEQ +4.2 points	6.5%	10.7%
Consumer Discretionary	AVGE +4.2 points	11.1%	6.9%
Energy	AVGE +4.0 points	8.5%	4.5%
Real Estate	AVGE +2.2 points	3.3%	1.1%
Materials	AVGE +1.9 points	4.7%	2.8%
Financials	GEQ +1.3 points	19.5%	20.8%
Industrials	GEQ +0.9 points	12.4%	13.3%
Communication	AVGE +0.3 points	6.4%	6.1%
Consumer Staples	AVGE +0.3 points	4.5%	4.2%
Utilities	GEQ +0.2 points	1.8%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in AVGE and GEQ, widest gap first
Country	More in AVGEMore in GEQ	AVGE	GEQ
United States	GEQ +4.2 points	71.0%	75.2%
Taiwan	AVGE +1.9 points	3.0%	1.1%
South Korea	AVGE +1.8 points	2.0%	0.2%
Canada	GEQ +1.6 points	2.3%	3.9%
India	AVGE +1.1 points	1.3%	0.2%
Japan	AVGE +0.9 points	4.4%	3.5%
China	GEQ +0.8 points	1.8%	2.6%
Netherlands	GEQ +0.6 points	0.6%	1.2%
Other countries (31)	AVGE +1.5 points	13.7%	12.2%

Outside the US: AVGE 64% developed, 36% emerging. GEQ 82% developed, 18% emerging.

Concentration

Weight in the 10 largest Holdings

AVGE95.5%
GEQ17.8%

Securities held

AVGE15
GEQ669

Asset class

AVGE: Equity
GEQ: Equity

Holdings

Only in AVGE15
In both0
Only in GEQ669

Only in AVGE

15 securities, 100% of AVGE by weight

Avantis Us Equity Etf Avantis U.s. Equity Etf43.40%
Avantis Us Large Cap Value Etf Avantis Us Large Cap Value15.79%
Avantis International Equity E Avantis International Equity10.41%
Avantis Emerging Markets Equit Avantis Emerging Markets Eq6.13%
Avantis International Large Ca Avantis Intl Lrg Cap Val Etf5.37%
Avantis U.s. Small Cap Value E Avantis Us Small Cap Value3.57%
Avantis Us Small Cap Equity Et Avantis Us Small Cap Equity3.50%
Avantis Emerging Markets Value Avantis Emerging Markets Val3.09%
Avantis Real Estate Etf Avantis Real Estate Etf2.86%
Avantis Us Mid Cap Value Etf Avantis Us Mid Cap Val Etf1.40%
Avantis Us Mid Cap Equity Etf Avantis Us Mid Cap Eq Etf1.38%
Avantis International Small Ca Avantis Intl S/C Value Etf1.16%
Avantis International Small Ca Avantis Intl Sm Cap Eq Etf1.03%
Avantis Emerging Markets Small Avantis Em Mkt Sm Cap Eq Etf0.84%
Ssc Government Mm Gvmxx0.08%

Only in GEQ

669 securities, 99.9% of GEQ by weight

iShares Core S&P 500 ETF3.32%
State Street SPDR S&P 500 ETF Trust2.51%
Apple Inc2.16%
Microsoft Corp1.96%
iShares MSCI Global Min Vol Factor ETF1.77%
NVIDIA Corp1.36%
State Street SPDR S&P MidCap 400 ETF Trust1.33%
Vanguard S&P 500 ETF1.14%
Invesco S&P 500 Low Volatility ETF1.12%
Amazon.com Inc1.09%
iShares Russell Mid-Cap ETF1.04%
Alphabet Inc0.93%
JPMorgan Chase & Co.0.85%
Taiwan Semiconductor Manufacturing Co Ltd0.82%
Broadcom Inc0.79%
Mastercard Inc0.78%
Vanguard High Dividend Yield ETF0.76%
Eli Lilly & Co0.75%
Visa Inc0.70%
AbbVie Inc0.69%
ASML Holding NV0.69%
Amgen Inc0.68%
Alphabet Inc0.66%
Waste Connections Inc0.66%
ExxonMobil Holdings Corp0.64%
Hilton Worldwide Holdings Inc0.63%
iShares Core S&P Mid-Cap ETF0.63%
Invesco QQQ Trust Series 10.61%
Kla Corp0.60%
Costco Wholesale Corp0.58%
International Business Machines Corp0.57%
Cambria US EW ETF0.56%
Goldman Sachs Group Inc/The0.55%
Berkshire Hathaway Inc0.55%
State Street Health Care Select Sector SPDR ETF0.55%
State Street Consumer Staples Select Sector SPDR ETF0.53%
Morgan Stanley0.51%
Thermo Fisher Scientific Inc0.49%
Home Depot Inc/The0.47%
Micron Technology Inc0.46%
State Street SPDR S&P Biotech ETF0.46%
Deere & Co0.45%
Shopify Inc0.44%
Netflix Inc0.43%
Tesla Inc0.42%
Advanced Micro Devices Inc0.42%
Synopsys Inc0.41%
Vanguard Dividend Appreciation ETF0.41%
Texas Instruments Inc0.41%
Trane Technologies PLC0.40%

Weight gaps

AVGE and GEQ share no securities.

All 14 AVGE holdings⁠All GEQ 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.

AVGE vs GEQ Cost

Overpaying GEQ vs AVGE

$798

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

AVGE 0.23%
$4,759
GEQ 0.27%
$5,557

Amount$10,000

Years30 years

Cost over time

AVGE 0.23%
GEQ 0.27%
Overpaying

Year by year

Year	AVGE	GEQ	Overpaying
10	$419	$491	$72
20	$1,630	$1,907	$277
30	$4,759	$5,557	$798

Expense ratio

0.23%AVGE, cheaper
0.27%GEQ

AVGE0.23%GEQ0.27%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

AVGE 2nd cheapest of 44 funds

GEQ 5th cheapest of 44 funds

AVGE vs GEQ Dividends

Last 12 months to Nov 2, 2026

Yield (12M): AVGE 1.75%; GEQ No data
Payout (12M): AVGE $1.72; GEQ No data
Last payment: AVGE $0.33; GEQ $0.17
Ex-dividend: AVGE Sep 10, 2026; GEQ Sep 28, 2026
Paid on: AVGE Sep 14, 2026; GEQ Sep 30, 2026
Frequency: AVGE Quarterly; GEQ Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

AVGEQuarterly · 10 paymentsAll AVGE payments⁠

GEQIrregular · 1 paymentAll GEQ payments⁠

AVGE vs GEQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AVGE 11.9%GEQ No data
Return per unit of riskSharpe ratio, 3 years: AVGE 1.40GEQ No data
Worst fallMax drawdown, 5 years: AVGE −17.1%since Sep 2022GEQ No data
Market sensitivityBeta, 5 years: AVGE 0.94GEQ 0.88; Market = 1

AVGE and GEQ in the news

All news⁠

ETF Filings
Cambria files Global EW 4 on the day set for GEX contributions
Oct 2, 2026GEQ

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AVGE vs GEQ

In short

Stated mandate

Why people hold it

Worth knowing

How AVGE and GEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AVGE

Only in GEQ

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Cambria files Global EW 4 on the day set for GEX contributions

How AVGE and GEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AVGE

Only in GEQ

Weight gaps