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EXUS vs TACN

Nomura Focused International Core ETF

EXUSDNasdaq

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Overlap

8.9%by weight

Expense ratio

TACN −0.59pt a year

EXUS0.59%TACN0.00%

Avg volume · 30D

EXUS 2.8×the volume

EXUS7.86KTACN2.83K

EXUS vs TACN Performance

Dec 31, 2025 – Nov 5, 2026

−1.6%EXUS+10.1%TACN

Dec 31, 2025 to Nov 5, 2026. EXUS −1.6%. TACN +10.1%. Use the arrow keys to read each point.−10%−5%5%15%Dec 2025Jun 2026Nov 2026
Expense ratio
EXUS 0.59%
TACN 0.00%, better
Fund size
EXUS $92M
TACN $24M
1Y total return
EXUS −1.2%
TACN No data
Holdings
EXUS 47
TACN 509
Avg volume (30D)
EXUS 7.86K sh, better
TACN 2.83K sh
NAV per share
EXUS $26.53
TACN $28.76
52W range

ETF.net Grade

EXUS: Cost 43, Risk 17, Mission not scored, Tradability 26, Holdings 46, Durability 36. TACN: Cost 100, Risk 66, Mission not scored, Tradability 45, Holdings 84, Durability 30.
Pillar letters and Scores for EXUS, TACN, with each pillar’s weight
PillarEXUSTACN
Cost30% weightC43A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightF17B66Higher
Tradability15% weightD26C45Higher
Holdings10% weightC46A84Higher
Durability5% weightD36HigherD30

Rank among International Active Equity funds

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

Same Category. EXUS and TACN are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds
See all 55 ›

TACN ranks 6th and EXUS 43rd of 55 funds in the International Active Equity Category.

  1. Rank 5AENHIiShares Enhanced International Active ETFScore 76
  2. Rank 6ATACNT. Rowe Price Active Core International Equity ETFScore 75
  3. Rank 7AAVNMAvantis All International Markets Equity ETFScore 72
  4. Rank 42DFRGNHorizon International Equity ETFScore 37
  5. Rank 43DEXUSNomura Focused International Core ETFScore 34
  6. Rank 43DSFTXHorizon International Managed Risk ETFScore 34

Our read on each fund

ETF.net Research

EXUSDNomura Focused International Core ETF

TACNAT. Rowe Price Active Core International Equity ETF

In short

EXUS An active international fund that earns the word "focused": 35 to 45 stocks picked one by one, with country and factor bets deliberately dialed down so the individual stock calls do the work.

TACN T. Rowe Price's index-aware take on developed international stocks: it shadows the MSCI EAFE benchmark while nudging weights, and the fee is waived to 0.00% through January 30, 2027 (0.20% gross).

Stated mandate

EXUS The fund seeks capital growth and appreciation.

TACN The fund's goal is to achieve long-term capital growth.

Why people hold it

  • EXUS Focused is literal. The portfolio targets 35 to 45 international stocks, so every pick carries real weight instead of vanishing into a thousand-name benchmark.macquarie.com
  • Macquarie's Global Equity Team takes granular stock-specific risk while working to minimize country and factor tilts. A different engine than the broad systematic funds that lead this group.macquarie.com
  • At 0.59%, the fee lands right at the midpoint for actively managed international funds rather than above it.
  • The ETF runs the same International Core approach the team already managed in mutual fund form, so the wrapper is newer than the process.macquarie.com
  • TACN Fee waived to zero through January 30, 2027, then the 0.20% gross rate applies. Top-scoring active international peers AVDE (0.23%) and DFIC (0.22%) charge more, with no waiver.troweprice.com
  • Built around the MSCI EAFE Index: an optimizer modestly over- and underweights names, targeting tracking error above most passive funds and below most active ones.sec.govtroweprice.com
  • Names come from T. Rowe's quant models plus bottom-up fundamental research (valuation, profitability, financial stability, earnings quality), with at least 80% of net assets normally in equities.sec.govtroweprice.com
  • Despite being new, it already stands among the strongest-rated funds in a crowded active international equity group, with long-term capital growth as the stated goal.

Worth knowing

  • EXUS Still roughly double the fee of the group's top-ranked systematic peers: AVDE at 0.23%, DFIC at 0.22%. The stock picking carries that gap.
  • Concentration cuts both ways. With 35 to 45 names, one holding's stumble lands harder here than in a sprawling international index fund.macquarie.com
  • A small fund that trades lightly next to the category's heavyweights, which can mean wider spreads at the moment of the trade.
  • TACN Launched December 10, 2025, so the track record is short and assets are still small. Trading is thin, which can mean wider spreads than at big index rivals.
  • The zero fee is contractual, not permanent: it runs through January 30, 2027, after which the 0.20% gross expense ratio kicks in.troweprice.com
  • Low tracking error is the design, not a bug. The active tilt is deliberately modest, so the portfolio is built to hug EAFE rather than stray from it.sec.gov

Full EXUS profile⁠

Full TACN profile⁠

EXUS vs TACN Holdings

As of

How EXUS and TACN differ

Overlap by weight

8.9%

Shared holdings make up 39.2% of EXUS and 8.9% of TACN.

Level by level

  • Holdings18 in both8.9%
  • Countryby domicile38.2%
  • Sector11 Sectors81.0%
  • Asset classStocks100%

Sector

Sector weights in EXUS and TACN, widest gap first
SectorMore in EXUSMore in TACNGap
TechnologyEXUS +17.2 points
Consumer StaplesTACN +4.5 points
FinancialsTACN +3.7 points
IndustrialsTACN +2.8 points
EnergyTACN +2.1 points
CommunicationTACN +2.1 points
Consumer DiscretionaryEXUS +1.9 points
MaterialsTACN +1.5 points
Real EstateTACN +1.5 points
UtilitiesTACN +0.6 points
Health CareTACN +0.4 points

Country, concentration and asset class

Country by domicile

Country weights in EXUS and TACN, widest gap first
CountryMore in EXUSMore in TACNGap
United StatesEXUS +11.4 points
United KingdomTACN +10.0 points
TaiwanEXUS +9.9 points
SwitzerlandTACN +9.5 points
South KoreaEXUS +9.0 points
JapanTACN +8.7 points
FranceTACN +7.3 points
AustraliaTACN +6.9 points
Other countries (22)EXUS +12.2 points

Outside the US: EXUS 59% developed, 41% emerging. TACN 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

  • EXUS41.8%
  • TACN14.3%

Securities held

  • EXUS43
  • TACN499

Asset class

EXUS
Stocks
TACN
Stocks

Holdings

  • Only in EXUS25
  • In both18
  • Only in TACN481

Only in EXUS

25 securities, 61.0% of EXUS by weight

  • Taiwan Semiconductor9.63%
  • Samsung Electronics Co4.36%
  • Sk Hynix Inc Common Stock3.83%

Only in TACN

481 securities, 90.8% of TACN by weight

  • Roche Holding AG Common Stock CHF.0011.54%
  • Novartis AG Reg Common Stock CHF.491.31%
  • Hsbc Holdings PLC Common Stock USD.51.27%

Weight gaps

All 18 Holdings in both funds, largest gap first.

Holding weights in EXUS and TACN, widest gap first
HoldingMore in EXUSMore in TACNGap
Sompo Holdings Inc CommonEXUS +3.77 points
Adyen NV Common Stock EurEXUS +3.32 points
Argenx SE AdrARGXEXUS +3.04 points
Ing Groep NV Common StockEXUS +2.91 points
Barclays PLC Common StockBARC.LEXUS +2.58 points
Daikin Industries LtdEXUS +2.22 points
Mitsubishi Ufj FinancialEXUS +2.12 points
Hoya Corp Common StockEXUS +1.87 points

All EXUS holdings⁠All TACN 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.

EXUS vs TACN Cost

Overpaying EXUS vs TACN

$11,635

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

  • EXUS 0.59%

    $11,635

  • TACN 0.00%

    $0

$10,000
30 years

Cost over time

  • EXUS 0.59%
  • TACN 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530EXUS $11,635TACN $0

Year by year

YearEXUSTACNOverpaying
10$1,058$0$1,058
20$4,051$0$4,051
30$11,635$0$11,635

Expense ratio

  • 0.59%EXUS
  • 0.00%TACN, cheaper
  • Middle half of International Active Equity funds
  • Median 0.55%

TACN cheapest of 55 funds

EXUS 31st cheapest of 55 funds

EXUS vs TACN Dividends

Last 12 months to Nov 5, 2026
Payout (12M)
EXUS No data
TACN None
Last payment
EXUS $0.009
TACN No data
Ex-dividend
EXUS Dec 24, 2025
TACN No data
Paid on
EXUS Dec 31, 2025
TACN No data
Frequency
EXUS Irregular
TACN No data

Distribution history

Per share, 2025 to 2026, same scale for both

EXUSIrregular · 1 paymentAll EXUS payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $0.009. Use the arrow keys to read each point.$0$0.012026YTD
TACNAll TACN payments⁠

No distribution history available.

EXUS vs TACN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EXUS 17.2%since Jul 2025TACN No data
Return per unit of riskSharpe ratio, 3 years
EXUS −0.16since Jul 2025TACN No data
Worst fallMax drawdown, 5 years
EXUS −15.3%since Jun 2025TACN No data
Market sensitivityBeta, 5 years
EXUS 1.09TACN 0.65

EXUS and TACN in the news

All news⁠

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