AVGE vs GEW

AVGEAAvantis All Equity Markets ETF

GEWACambria Global EW 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.

GEW Global equities without the megacap pile-up. GEW gives roughly 500 of the world's largest companies the same size slot, so no handful of US tech names runs the portfolio. It was born in 2025 out of a Section 351 in-kind exchange.

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.

GEW The Fund aims to achieve capital appreciation.

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.

• GEW Equal weight by design: roughly 500 global large caps, each in the same slot. Cap-weighted global funds hand the biggest decisions to whichever megacaps grew biggest.cambriafunds.com
• At 0.30% a year, it undercuts the typical active global equity fund, where the median fee sits closer to 0.69%.
• It opened in September 2025 through a Section 351 exchange, a route that lets holders of concentrated, low-basis stock move into the fund in kind without triggering immediate capital gains.businesswire.com
• The portfolio does what the label says (broad, global, equal-weighted, rebalanced at least annually), and it sits in the top quartile of active global equity funds we grade.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.

• GEW Cheaper ways to own the world exist: GSWO runs 0.15% and DFAW 0.24%, both under GEW's 0.30%.
• A 2025 launch that trades lightly next to the giant global index funds, so spreads can be wider and the operating record is short.cambriafunds.com
• Equal weighting trims winners and leans on the smaller names in the group, which means higher turnover and results that diverge from cap-weighted global benchmarks.businesswire.comcambriafunds.com

Full AVGE profile⁠

Full GEW profile⁠