AVIV vs BINV: Grades, Fees and Holdings Compared

Avantis International Large Cap Value ETF

AVIVANYSE Arca

Brandes International ETF

BINVCCboe

Overlap

2.4%by weight

Expense ratio

AVIV −0.45pt a year

AVIV0.25%BINV0.70%

Avg volume · 30D

AVIV 3.2×the volume

AVIV99KBINV31.2K

3Y return · a year

BINV +0.2pt

AVIV+23.6%BINV+23.8%

AVIV vs BINV Performance

Oct 31, 2025 – Oct 30, 2026

+20.3%AVIV+17.4%BINV

Expense ratio: AVIV 0.25%, better; BINV 0.70%
Fund size: AVIV $2.05B; BINV $550M
1Y total return: AVIV +20.3%, better; BINV +17.4%
Yield (12M): AVIV 2.86%, better; BINV 2.22%
Holdings: AVIV 583; BINV 70
Avg volume (30D): AVIV 99K sh, better; BINV 31.2K sh
NAV per share: AVIV $79.11; BINV $44.39
52W range

ETF.net Grade

Pillar letters and Scores for AVIV, BINV, with each pillar’s weight
Pillar	AVIV	BINV
Cost30% weight	A100Higher	F21
Mission25% weight	Not scored	Not scored
Risk15% weight	B57Higher	B56
Tradability15% weight	A79Higher	C54
Holdings10% weight	A84Higher	B63
Durability5% weight	A84Higher	B55

Rank among International Active Value funds

How we build Categories ›

Same Category. AVIV and BINV 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 ›

AVIV ranks 1st and BINV 10th of 18 funds in the International Active Value Category.

Rank 1AAVIVAvantis International Large Cap Value ETFScore 84
Rank 2AAVDVAvantis International Small Cap Value ETFScore 83
Rank 9CBAIVBrown Advisory International Value Select ETFScore 48
Rank 10CBINVBrandes International ETFScore 42
Rank 11CTXUEThornburg International Equity ETFScore 41

Our read on each fund

ETF.net Research

AVIVAAvantis International Large Cap Value ETF

BINVCBrandes International ETF

In short

AVIV Avantis takes the academic value playbook overseas: about 600 developed-market large caps screened for cheap prices and strong profitability, at 0.25% a year. Active management without the active-manager price tag.

BINV A 2023 launch that puts the Brandes value discipline in an ETF wrapper: roughly 70 non-US stocks, developed and emerging, picked one company at a time with no index underneath.

Stated mandate

AVIV The fund seeks long-term capital appreciation through a broadly diversified portfolio of large-capitalization companies in non-U.S. developed countries.

BINV The fund seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies.

Why people hold it

AVIV 0.25% a year, against a roughly 0.65% median across active international value funds. Cheap enough that the fee stops being the deciding factor.
Two screens, not one: cheap valuations plus higher profitability. Both factors are written into the mandate rather than left to a manager's mood.
About 600 large caps spread across non-US developed markets, so no single name or country steers the fund. Breadth is the design, not a byproduct.
Among the active international value ETFs we cover, one of the strongest implementations in the group, and it has been running since 2021.

BINV Genuinely active, not an index sleeve: about 70 non-US names selected under Brandes' declared Active Value approach.brandes.com
The mandate spans developed and emerging markets, so bargains can be sourced anywhere outside the US rather than in one fenced-off region.
Stands in the upper half of its active international value peer group, a cohort packed with well-built competitors.
Distributions arrive on a quarterly cadence.

Worth knowing

AVIV Value tilts can lag the broad market for long stretches. This one holds the tilt through those stretches rather than trying to time it.
Active, with no published index behind it. You are buying the Avantis process, not a rulebook you can audit line by line.
Large caps only. The same approach for smaller overseas companies lives in a sibling fund, AVDV, which charges 0.36%.

BINV 0.70% a year sits above the 0.65% median for its peer group and well above systematic rivals like AVIV at 0.25%. Stock selection is what the fee buys.
Thinly traded, so bid/ask spreads and order type carry more weight here than in a giant index fund.
Launched in 2023 and still modest in size, which leaves a short live record to judge the approach by.

Full AVIV profile⁠

Full BINV profile⁠

AVIV vs BINV Holdings

How AVIV and BINV differ

Overlap by weight

2.4%

Shared holdings make up 12.9% of BINV and 4.8% of AVIV.

Level by level

Holdings9 in both2.4%
Sector11 Sectors52.5%
Countryby domicile64.2%
Asset classEquity100%

Sector

Sector weights in AVIV and BINV, widest gap first
Sector	More in AVIVMore in BINV	AVIV	BINV
Financials	AVIV +23.7 points	30.5%	6.8%
Consumer Staples	BINV +22.2 points	4.2%	26.4%
Health Care	BINV +12.3 points	4.4%	16.6%
Energy	AVIV +9.4 points	12.3%	2.9%
Industrials	AVIV +8.3 points	17.9%	9.6%
Materials	AVIV +6.1 points	10.6%	4.5%
Technology	BINV +4.5 points	3.9%	8.4%
Consumer Discretionary	BINV +4.2 points	10.4%	14.6%
Communication	BINV +2.4 points	4.9%	7.3%
Utilities	BINV +1.1 points	0.2%	1.3%
Real Estate	BINV +1.0 points	0.7%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in AVIV and BINV, widest gap first
Country	More in AVIVMore in BINV	AVIV	BINV
Canada	AVIV +10.3 points	13.3%	3.0%
France	BINV +8.0 points	8.2%	16.2%
Japan	AVIV +7.7 points	20.5%	12.8%
Mexico	BINV +7.0 points	0.1%	7.2%
Brazil	BINV +6.0 points	0.0%	6.0%
Australia	AVIV +5.7 points	5.7%	0.0%
China	BINV +4.5 points	0.1%	4.6%
Switzerland	AVIV +3.5 points	8.8%	5.3%
Other countries (21)	BINV +1.6 points	43.2%	44.8%

Outside the US: AVIV 99% developed, 1% emerging. BINV 79% developed, 21% emerging.

Concentration

Weight in the 10 largest Holdings

AVIV16.9%
BINV24.7%

Securities held

AVIV575
BINV67

Asset class

AVIV: Equity
BINV: Equity

Holdings

Only in AVIV566
In both9
Only in BINV58

Only in AVIV

566 securities, 95.2% of AVIV by weight

Banco Bilbao Vizcaya Sp Adr Adr2.22%
Roche Holding AG Common Stock CHF.0012.18%
Bp PLC Spons Adr Adr1.61%
Allianz SE Reg Common Stock1.51%
Zurich Insurance Group AG Common Stock CHF.11.45%
Totalenergies SE Common Stock1.43%
Toronto Dominion Bank Common Stock1.43%
Rolls Royce Holdings PLC Common Stock GBP.21.38%
Ubs Group AG Reg Common Stock USD.11.30%
Bhp Group Ltd Spon Adr Adr1.29%
Canadian Natural Resources Common Stock1.20%
Safran SA Common Stock EUR.21.14%
Suncor Energy Inc Common Stock1.08%
Toyota Motor Corp Spon Adr Adr1.01%
Eni Spa Sponsored Adr Adr1.00%
Unicredit Spa Common Stock0.98%
Intesa Sanpaolo Common Stock0.96%
Natwest Group PLC Spon Adr Adr0.96%
Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.090.95%
Vinci SA Common Stock EUR2.50.89%
Bank of Nova Scotia Common Stock0.88%
Deutsche Telekom AG Reg Common Stock0.86%
Muenchener Rueckver AG Reg Common Stock0.82%
Softbank Group Corp Common Stock0.82%
Industria De Diseno Textil Common Stock EUR.030.82%
Cenovus Energy Inc Common Stock0.77%
Vodafone Group PLC Sp Adr Adr0.76%
Sumitomo Mitsui Spons Adr Adr0.74%
Adidas AG Common Stock0.74%
Dhl AG Common Stock0.74%
Swiss Re AG Common Stock USD.120.74%
Lvmh Moet Hennessy Louis Vui Common Stock EUR.30.73%
Woodside Energy Group Ltd Common Stock0.67%
Agnico Eagle Mines Ltd Common Stock0.66%
Nordea Bank Abp Common Stock EUR1.00.65%
Dbs Group Holdings Ltd Common Stock0.65%
Can Imperial Bk of Commerce Common Stock0.64%
Compagnie De Saint Gobain Common Stock EUR4.00.63%
Canadian Natl Railway Co Common Stock0.61%
Tesco PLC Common Stock GBP.06333330.61%
Legal & General Group PLC Common Stock GBP.0250.59%
Barrick Mining Corp Common Stock0.59%
Next PLC Common Stock GBP.10.57%
Sony Group Corp Sp Adr Adr0.57%
Novo Nordisk A/S Spons Adr Adr0.55%
Whitecap Resources Inc Common Stock0.52%
Hong Kong Exchanges & Clear Common Stock0.50%
Intl Consolidated Airline Di Common Stock EUR.10.50%
Teck Resources Ltd Cls B Common Stock0.49%
Mitsubishi Heavy Industries Common Stock0.49%

Only in BINV

58 securities, 87.1% of BINV by weight

Sap SE Npv Adr3.27%
Sanofi3.08%
Takeda Pharmaceutical Co Ltd Npv2.78%
Alibaba Group Hldg USD 0.000025 Adr2.50%
Wal-Mart De Mexico Sab De Cv Npv2.41%
Henkel AG & Co Kgaa Npv2.29%
Heineken Holding NV Eur 1.62.18%
Reckitt Benckiser Group PLC Npv Adr2.03%
Capgemini SE2.02%
Smith & Nephew Group P L C 20P Adr1.93%
National Grid PLC Npv Adr1.92%
Pernod Ric EUR1.551.92%
Honda Motor Co Ltd Npv1.92%
Fresenius Medical Care AG Npv1.86%
Publicis G EUR0.401.86%
Banco Acti Cbfi (Fibra Uno Administ1.85%
Carrefour SA Eur 2.5 Rfd1.82%
Bnp Paribas Eur 2.0 Adr1.79%
Koninklijke Philips N.v Adr1.78%
Embraer S A Npv Adr1.77%
Nintendo Co Ltd Npv1.57%
Cae Inc Npv1.57%
Kering S A Eur 4.0 Adr1.57%
Mondi PLC Npv Adr1.54%
America Movil S A B De C V Npv Adr1.54%
Telefonica Brasil SA Npv Adr1.53%
Petroleo Brasileiro Brl 1000.0 Adr1.51%
Intesa Sanpaolo Spa Npv1.43%
Grifols S A Eur 0.5 Adr1.41%
Jbs NV Eur 0.011.40%
Cnh Industrial NV Eur 0.011.38%
Cie Financiere Richemont SA Chf 1.01.35%
Open Text Corp Npv1.33%
Swatch Group Ag/The Chf 0.451.31%
Novo Nordisk A/S Dkk 0.11.31%
Lvmh Moet Hennessy Vuitton SE1.31%
Kingfisher PLC USD 0.1571 Adr1.28%
Nice Ltd Adr1.27%
Budweiser Brewing USD 0.00001 144A1.26%
J Sainsbury PLC 25P Adr1.25%
Trip Com Group Ltd USD 0.01 Adr1.24%
Makita Corp Npv1.17%
Swatch Group Ag/The Chf 2.251.15%
Erste Group Bk AG Npv1.04%
Buzzi Spa Npv1.04%
Netease Inc USD 0.0001 Adr1.03%
Ubs Group AG USD 0.11.00%
Sodexo SA Eur 4.00.98%
Ambev S A Npv Adr0.97%
Wpp PLC 10P0.80%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in AVIV and BINV, widest gap first
Holding	More in AVIVMore in BINV	AVIV	BINV
Shell PLC Adr AdrSHEL	AVIV +2.34 points	2.34%	<0.01%
Astellas Pharma Inc Common Stock	BINV +1.75 points	0.35%	2.10%
Essity Aktiebolag B Common Stock SEK3.35	BINV +1.45 points	0.13%	1.58%
Beiersdorf AG Common Stock	BINV +1.45 points	0.19%	1.64%
Wilmar International Ltd Common Stock	BINV +1.40 points	<0.01%	1.40%
Diageo PLC Sponsored Adr AdrDEO	BINV +1.33 points	0.66%	1.99%
Gsk PLC Spon Adr AdrGSK	BINV +1.15 points	0.57%	1.72%
Kubota Corp Common Stock	BINV +1.01 points	0.18%	1.19%
Bridgestone Corp Common Stock	BINV +0.91 points	0.35%	1.26%

All 596 AVIV holdings⁠All 71 BINV 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.

AVIV vs BINV Cost

Overpaying BINV vs AVIV

$8,447

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

AVIV 0.25%
$5,159
BINV 0.70%
$13,606

Amount$10,000

Years30 years

Cost over time

AVIV 0.25%
BINV 0.70%
Overpaying

Year by year

Year	AVIV	BINV	Overpaying
10	$455	$1,250	$795
20	$1,769	$4,760	$2,991
30	$5,159	$13,606	$8,447

Expense ratio

0.25%AVIV, cheaper
0.70%BINV

AVIV0.25%BINV0.70%

0.25%0.85%

Middle half of International Active Value funds
Median 0.63%

AVIV cheapest of 18 funds

BINV 14th cheapest of 18 funds

AVIV vs BINV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AVIV 2.86%, better; BINV 2.22%
Payout (12M): AVIV $2.27; BINV $0.99
Last payment: AVIV $0.27; BINV $0.18
Ex-dividend: AVIV Sep 8, 2026; BINV Sep 29, 2026
Paid on: AVIV Sep 10, 2026; BINV Sep 30, 2026
Frequency: AVIV Quarterly; BINV Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

AVIVQuarterly · 12 paymentsAll AVIV payments⁠

BINVQuarterly · 12 paymentsAll BINV payments⁠

AVIV vs BINV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AVIV 11.7%, betterBINV 12.4%
Return per unit of riskSharpe ratio, 3 years: AVIV 1.50, betterBINV 1.44
Worst fallMax drawdown, 5 years: AVIV −27.7%BINV −14.9%since Oct 2023
Market sensitivityBeta, 5 years: AVIV 0.82BINV 0.41; Market = 1

AVIV and BINV in the news

All news⁠

ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026BINV
ETF Filings
American Century files a mutual-fund wrapper for Avantis international large-cap value
Sep 7, 2026AVIV

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AVIV vs BINV

In short

Stated mandate

Why people hold it

Worth knowing

How AVIV and BINV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AVIV

Only in BINV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank

American Century files a mutual-fund wrapper for Avantis international large-cap value

How AVIV and BINV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AVIV

Only in BINV

Weight gaps