AVGE vs NXTE

AVGEAAvantis All Equity Markets ETF

NXTEFAXS Green Alpha 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.

NXTE A hand-picked, go-anywhere bet on companies the manager believes are building a sustainable economy. Active, global, and priced like a stock-picker rather than an index fund.

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.

NXTE Seeks long-term capital appreciation by actively investing at least 80% of assets in sustainable companies selected for their contribution to sustainability objectives, above-average growth potential, and reasonable valuation.

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.

• NXTE Real active management: at least 80% of assets go to sustainable companies chosen for their sustainability contribution, above-average growth potential, and reasonable valuation.
• The hunting ground is global, not just the S&P 500, so the manager can own the clean-tech and industrial names listed outside the US.
• Pays on a quarterly schedule, unusual for a growth-first equity mandate where many peers distribute once a year.

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.

• NXTE The 1.00% expense ratio sits well above the global active equity median, and the best-graded peers here charge a fraction: GSWO 0.15%, DFAW 0.24%, AVGE 0.25%.
• Thinly traded. Spreads can widen on quiet days, so limit orders do more work here than with a mega-cap index fund.
• Against the global active equity funds we track, this one lands in the bottom quartile overall, mostly on cost and risk.

Full AVGE profile⁠

Full NXTE profile⁠