Skip to content
etf.net

IGGY vs MTRA

AB International Growth ETF

IGGYDNYSE Arca

Invesco International Growth Focus ETF

MTRABCboe

Overlap

17.1%by weight

Expense ratio

MTRA −0.01pt a year

IGGY0.55%MTRA0.54%

Avg volume · 30D

MTRA 27.9×the volume

IGGY284MTRA7.93K

IGGY vs MTRA Performance

Oct 31, 2025 – Nov 2, 2026

−8.9%IGGY−3.6%MTRA

Oct 31, 2025 to Nov 2, 2026. IGGY −8.9%. MTRA −3.6%. Use the arrow keys to read each point.−15%0%5%Oct 2025May 2026Nov 2026
Expense ratio
IGGY 0.55%
MTRA 0.54%, better
Fund size
IGGY $4M
MTRA $127M
1Y total return
IGGY −8.9%
MTRA −3.6%, better
Holdings
IGGY 68
MTRA 54
Avg volume (30D)
IGGY 284 sh
MTRA 7.93K sh, better
NAV per share
IGGY $27.26
MTRA $25.23
52W range

ETF.net Grade

IGGY: Cost 50, Risk 21, Mission not scored, Tradability 14, Holdings 31, Durability 24. MTRA: Cost 76, Risk 31, Mission not scored, Tradability 52, Holdings 39, Durability 70.
Pillar letters and Scores for IGGY, MTRA, with each pillar’s weight
PillarIGGYMTRA
Cost30% weightC50A76Higher
Mission25% weightNot scoredNot scored
Risk15% weightF21D31Higher
Tradability15% weightF14C52Higher
Holdings10% weightD31D39Higher
Durability5% weightF24A70Higher

Rank among International Active Growth funds

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

Same Category. IGGY and MTRA are both graded against the same 14 International Active Growth funds, so their Grades compare head to head.

International Active Growth⁠

Category · 14 funds
See all 14 ›

MTRA ranks 3rd and IGGY 11th of 14 funds in the International Active Growth Category.

  1. Rank 1BCGXUCapital Group International Focus Equity ETFScore 66
  2. Rank 2BFFGXFidelity Fundamental Global ex-U.S. ETFScore 61
  3. Rank 3BJIGJPMorgan International Growth ETFScore 56
  4. Rank 3BMTRAInvesco International Growth Focus ETFScore 56
  5. Rank 5CPJIOPGIM Jennison International Opportunities ETFScore 54
  6. Rank 10CFHILFederated Hermes International Leaders EtfScore 40
  7. Rank 11DIGGYAB International Growth ETFScore 32
  8. Rank 11DVNIEVontobel International Equity Active ETFScore 32

Our read on each fund

ETF.net Research

IGGYDAB International Growth ETF

MTRABInvesco International Growth Focus ETF

In short

IGGY AB brings its stock-pickers overseas: roughly 50 non-US companies chosen for growth plus durable profits, priced under the going rate for active international growth. Launched in 2025 and still building scale.

MTRA No data

Stated mandate

IGGY The Fund is actively managed and seeks long-term capital growth by investing in high-quality companies outside the United States that offer strong growth prospects and durable profitability.

MTRA No data

Why people hold it

  • IGGY 0.55% a year sits below the typical active international growth fund, level with JPMorgan's JIG and a whisker above Capital Group's CGXU.
  • A conviction book, not a closet index: about 50 holdings, so individual picks actually move the fund.
  • The filter is stated plainly: high-quality companies outside the US with strong growth prospects and durable profitability. You know what the manager is hunting for.alliancebernstein.com
  • Even as a newcomer, it lands in the upper half of its active international growth peer group.

MTRA No data

Worth knowing

  • IGGY Small asset base and light trading since launch. Thin volume can widen bid-ask spreads and push the market price away from the fund's net asset value.
  • The record starts in September 2025, so there is little history to judge risk behavior or manager consistency by.
  • The mandate is long-term capital growth, not income. No distributions have been paid since it opened.

MTRA No data

Full IGGY profile⁠

Full MTRA profile⁠

IGGY vs MTRA Holdings

How IGGY and MTRA differ

Overlap by weight

17.1%

Shared holdings make up 23.2% of MTRA and 20.1% of IGGY.

Level by level

  • Holdings10 in both17.1%
  • Countryby domicile57.6%
  • Asset classEquity100%

Sector

No Sector split for IGGY.

Country, concentration and asset class

Country by domicile

Country weights in IGGY and MTRA, widest gap first
CountryMore in IGGYMore in MTRA
United StatesMTRA +10.5 points
ChinaIGGY +8.7 points
SwitzerlandMTRA +7.4 points
IrelandIGGY +6.1 points
CanadaIGGY +5.1 points
JapanMTRA +5.0 points
SwedenIGGY +4.8 points
NetherlandsMTRA +4.6 points
Other countries (16)IGGY +2.8 points

Outside the US: IGGY 72% developed, 28% emerging. MTRA 67% developed, 33% emerging.

Concentration

Weight in the 10 largest Holdings

  • IGGY35.2%
  • MTRA41.4%

Securities held

  • IGGY56
  • MTRA50

Asset class

IGGY
Equity
MTRA
Equity

Holdings

  • Only in IGGY46
  • In both10
  • Only in MTRA40

Only in IGGY

46 securities, 80.1% of IGGY by weight

  • Taiwan Semiconductor Sp Adr Adr6.74%
  • Tencent Holdings Ltd Common Stock HKD.000023.92%
  • Kingspan Group PLC Common Stock EUR.133.29%

Only in MTRA

40 securities, 76.7% of MTRA by weight

  • Taiwan Semiconductor Manufacturing Co Ltd10.74%
  • Siemens AG3.36%
  • SK hynix Inc3.20%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in IGGY and MTRA, widest gap first
HoldingMore in IGGYMore in MTRA
Asml Holding NV Common Stock EUR.09MTRA +2.66 points
Sea Ltd Adr Adr USD.0005SEIGGY +2.02 points
Keyence Corp Common StockMTRA +1.75 points
Lonza Group AG Reg Common Stock CHF1.0MTRA +1.31 points
Schneider Electric SE Common Stock EUR4.0IGGY +0.50 points
Halma PLC Common Stock GBP.1HLMA.LIGGY +0.32 points
Straumann Holding AG Reg Common Stock CHF.01MTRA +0.26 points
Sap SE Common StockIGGY +0.14 points

All 56 IGGY holdings⁠All 50 MTRA 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.

IGGY vs MTRA Cost

Overpaying IGGY vs MTRA

$184

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

  • IGGY 0.55%

    $10,904

  • MTRA 0.54%

    $10,720

$10,000
30 years

Cost over time

  • IGGY 0.55%
  • MTRA 0.54%
  • 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$12.5K051015202530IGGY $10,904MTRA $10,720

Year by year

YearIGGYMTRAOverpaying
10$988$971$17
20$3,790$3,724$66
30$10,904$10,720$184

Expense ratio

  • 0.55%IGGY
  • 0.54%MTRA, cheaper
  • Middle half of International Active Growth funds
  • Median 0.55%

MTRA 3rd cheapest of 14 funds

IGGY 6th cheapest of 14 funds

IGGY vs MTRA Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
IGGY None
MTRA No data
Last payment
IGGY No data
MTRA $0.18
Ex-dividend
IGGY No data
MTRA Dec 22, 2025
Paid on
IGGY No data
MTRA Dec 26, 2025
Frequency
IGGY No data
MTRA Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

IGGYAll IGGY payments⁠

No distribution history available.

MTRAIrregular · 1 paymentAll MTRA payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 22, 2025 $0.18. Use the arrow keys to read each point.$0$0.202026YTD

IGGY vs MTRA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IGGY 18.6%since Oct 2025MTRA 13.3%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
IGGY −0.60since Oct 2025MTRA −0.23since Jul 2025
Worst fallMax drawdown, 5 years
IGGY −19.7%since Sep 2025MTRA −15.8%since Jun 2025
Market sensitivityBeta, 5 years
IGGY 1.22MTRA 0.88

Popular comparisons

  • IGGYDvsCGXUB

    AB International Growth ETF · Capital Group International Focus Equity ETF

    Expense ratio
    0.55% · 0.54%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MTRABvsCGXUB

    Invesco International Growth Focus ETF · Capital Group International Focus Equity ETF

    Expense ratio
    0.54% · 0.54%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGGYDvsFFGXB

    AB International Growth ETF · Fidelity Fundamental Global ex-U.S. ETF

    Expense ratio
    0.55% · 0.55%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MTRABvsFFGXB

    Invesco International Growth Focus ETF · Fidelity Fundamental Global ex-U.S. ETF

    Expense ratio
    0.54% · 0.55%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGGYDvsJIGB

    AB International Growth ETF · JPMorgan International Growth ETF

    Expense ratio
    0.55% · 0.55%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MTRABvsJIGB

    Invesco International Growth Focus ETF · JPMorgan International Growth ETF

    Expense ratio
    0.54% · 0.55%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.