ILOW vs TACN: Grades, Fees and Holdings Compared

AB International Low Volatility Equity ETF

ILOWBNYSE Arca

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Overlap

24.5%by weight

Expense ratio

TACN −0.50pt a year

ILOW0.50%TACN0.00%

Avg volume · 30D

ILOW 19.1×the volume

ILOW49.6KTACN2.59K

ILOW vs TACN Performance

Dec 31, 2025 – Nov 2, 2026

+9.2%ILOW+11.4%TACN

Expense ratio: ILOW 0.50%; TACN 0.00%, better
Fund size: ILOW $1.83B; TACN $24M
1Y total return: ILOW +12.3%; TACN No data
Yield (12M): ILOW 1.47%; TACN No data
Holdings: ILOW 108; TACN 509
Avg volume (30D): ILOW 49.6K sh, better; TACN 2.59K sh
NAV per share: ILOW $46.32; TACN $28.20
52W range

ETF.net Grade

Pillar letters and Scores for ILOW, TACN, with each pillar’s weight
Pillar	ILOW	TACN
Cost30% weight	B66	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A74Higher	A70
Tradability15% weight	B63Higher	C46
Holdings10% weight	B59	A82Higher
Durability5% weight	A72Higher	D30

Rank among International Active Equity funds

How we build Categories ›

Same Category. ILOW 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 5th and ILOW 13th of 55 funds in the International Active Equity Category.

Rank 5AENHIiShares Enhanced International Active ETFScore 76
Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76
Rank 7AAVNMAvantis All International Markets Equity ETFScore 72
Rank 13BAPIEActivePassive International Equity ETFScore 66
Rank 13BILOWAB International Low Volatility Equity ETFScore 66
Rank 15BBRIEMFS Blended Research International Equity ETFScore 65

Our read on each fund

ETF.net Research

ILOWBAB International Low Volatility Equity ETF

TACNAT. Rowe Price Active Core International Equity ETF

In short

ILOW Most international funds hunt growth. ILOW works the calm end of the pool: an actively run AB portfolio of overseas companies picked for steady profits, quiet price action, and sane valuations.

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

ILOW The fund seeks long-term growth of capital. It is actively managed and invests internationally with emphasis on sustainable profitability, price stability, and attractive valuations.

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

Why people hold it

ILOW Low volatility run by humans, not a rulebook. AB selects for sustainable profitability, price stability, and attractive valuations rather than holding whatever a low-vol index prints.
0.50% a year, below the typical actively managed international fund in its group. Unusual for a strategy with a manager steering it.
Roughly 90 names: tight enough that stock selection actually shows up, wide enough that no single position runs the fund.
Grades as one of the stronger builds in its active international peer group.

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.gov troweprice.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.gov troweprice.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

ILOW Thinly traded next to the heavyweights of the category, so spreads and limit orders deserve a closer look before you click.
Launched in 2024. The live record is short and has not been through a full market cycle yet.
Index-based rivals like AVDE and DFIC charge roughly half as much. The active low-vol tilt is what the extra fee buys.

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 ILOW profile⁠

Full TACN profile⁠

ILOW vs TACN Holdings

How ILOW and TACN differ

Overlap by weight

24.5%

Shared holdings make up 65.5% of ILOW and 24.8% of TACN.

Level by level

Holdings52 in both24.5%
Countryby domicile70.7%
Asset classEquity100%

Sector

No Sector split for TACN.

Country, concentration and asset class

Country by domicile

Country weights in ILOW and TACN, widest gap first
Country	More in ILOWMore in TACN	ILOW	TACN
Japan	TACN +9.4 points	15.1%	24.5%
United Kingdom	ILOW +9.0 points	23.6%	14.6%
Germany	TACN +6.7 points	1.5%	8.2%
Italy	ILOW +4.9 points	8.1%	3.2%
Ireland	ILOW +3.8 points	4.4%	0.6%
Switzerland	TACN +3.7 points	5.8%	9.5%
Australia	TACN +3.3 points	3.6%	6.9%
Canada	ILOW +2.7 points	2.7%	0.0%
Other countries (19)	ILOW +2.6 points	35.1%	32.5%

Outside the US: ILOW 94% developed, 6% emerging. TACN 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

ILOW31.2%
TACN14.6%

Securities held

ILOW95
TACN499

Asset class

ILOW: Equity
TACN: Equity

Holdings

Only in ILOW43
In both52
Only in TACN447

Only in ILOW

43 securities, 52.5% of ILOW by weight

GBP2612178.95%
CAD2612114.30%
TWD2701132.35%
Taiwan Semiconductor Manufac Common Stock TWD10.02.35%
Bae Systems PLC Common Stock GBP.0251.95%
SGD2611201.93%
Euronext NV Common Stock EUR1.61.92%
Tryg A/S Common Stock DKK5.01.51%
Industria De Diseno Textil Common Stock EUR.031.40%
Toronto Dominion Bank Common Stock1.36%
Totalenergies SE Common Stock EUR2.51.25%
Boc Aviation Ltd Common Stock1.15%
Waste Connections Inc Common Stock1.13%
Shizuoka Financial Group Inc Common Stock1.09%
Toyo Suisan Kaisha Ltd Common Stock1.09%
ILS2612111.08%
Weir PLC Common Stock GBP.1251.06%
Lottomatica Group Spa Common Stock1.00%
Phoenix Financial Ltd Common Stock ILS1.00.95%
National Grid PLC Common Stock GBP.12431290.89%
Ryanair Holdings PLC Common Stock EUR.0060.85%
TELE2 Ab B Shs Common Stock SEK1.250.84%
Open House Group Co Ltd Common Stock0.81%
Canadian Tire Corp Class A Common Stock0.81%
Empire Co Ltd A Common Stock0.80%
Gaztransport Et Techniga SA Common Stock EUR.010.79%
Glanbia PLC Common Stock EUR.060.77%
Stantec Inc Common Stock0.76%
Royal Bank of Canada Common Stock0.72%
Nissan Chemical Corp Common Stock0.70%
Games Workshop Group PLC Common Stock GBP.050.69%
Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5870.61%
Biprogy Inc Common Stock0.59%
Toyo Tire Corp Common Stock0.54%
Rio Tinto Ltd Common Stock0.54%
Medibank Private Ltd Common Stock0.53%
Autotrader Group PLC Common Stock GBP.010.53%
Nice Ltd Common Stock ILS1.00.52%
Philip Morris International Common Stock0.45%
EUR9999990.40%
Galenica AG Common Stock CHF.10.39%
SEK9999990.19%
New Israeli Sheqel<0.01%

Only in TACN

447 securities, 75.0% of TACN by weight

Hsbc Holdings PLC Common Stock USD.51.26%
Recruit Holdings Co Ltd Common Stock1.22%
Totalenergies SE Common Stock EUR2.51.08%
Allianz SE Reg Common Stock1.06%
Nestle SA Reg Common Stock CHF.11.05%
Siemens AG Reg Common Stock0.96%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.91%
Novo Nordisk A/S B Common Stock DKK.10.91%
Unilever PLC Common Stock GBP.000311110.88%
Bhp Group Ltd Common Stock0.85%
Anz Group Holdings Ltd Common Stock0.84%
Ubs Group AG Reg Common Stock USD.10.83%
Rolls Royce Holdings PLC Common Stock GBP.20.81%
Advantest Corp Common Stock0.81%
Airbus SE Common Stock EUR1.00.74%
Dbs Group Holdings Ltd Common Stock0.74%
Commonwealth Bank of Austral Common Stock0.72%
Toyota Motor Corp Common Stock0.71%
Deutsche Telekom AG Reg Common Stock0.69%
Siemens Energy AG Common Stock0.65%
Hitachi Ltd Common Stock0.64%
Bnp Paribas Common Stock EUR2.00.64%
Sumitomo Corp Common Stock0.63%
Ing Groep NV Common Stock EUR.010.63%
Kddi Corp Common Stock0.62%
Banco Santander SA Common Stock EUR.50.60%
Equinor Asa Common Stock NOK2.50.59%
Iberdrola SA Common Stock EUR.750.58%
Air Liquide SA Common Stock EUR5.50.56%
Tokyo Electron Ltd Common Stock0.56%
Barclays PLC Common Stock GBP.250.53%
Bae Systems PLC Common Stock GBP.0250.53%
Asahi Group Holdings Ltd Common Stock0.52%
Sonova Holding AG Reg Common Stock CHF.050.52%
Ms+ad Insurance Group Holdin Common Stock0.51%
Komatsu Ltd Common Stock0.50%
Hannover Rueck SE Common Stock0.49%
Renesas Electronics Corp Common Stock0.48%
Eurofins Scientific Common Stock EUR.10.47%
Lvmh Moet Hennessy Louis Vui Common Stock EUR.30.45%
Dhl AG Common Stock0.45%
Infineon Technologies AG Common Stock0.44%
3I Group PLC Common Stock GBP.7386360.44%
Glencore PLC Common Stock USD.010.44%
Murata Manufacturing Co Ltd Common Stock0.44%
Cie Financiere Richemo A Reg Common Stock CHF1.00.43%
L Oreal Common Stock EUR.20.42%
Merck Kgaa Common Stock0.42%
Jeronimo Martins Common Stock EUR1.00.42%
Atlas Copco Ab A Shs Common Stock SEK.160.42%

Weight gaps

All 52 Holdings in both funds, largest gap first.

Holding weights in ILOW and TACN, widest gap first
Holding	More in ILOWMore in TACN	ILOW	TACN
Oversea Chinese Banking Corp Common Stock	ILOW +1.75 points	1.92%	0.17%
Aib Group PLC Common Stock EUR.625	ILOW +1.60 points	1.65%	0.05%
Kbc Group NV Common Stock	ILOW +1.54 points	1.61%	0.07%
Tesco PLC Common Stock GBP.0633333TSCO.L	ILOW +1.50 points	1.97%	0.47%
Schneider Electric SE Common Stock EUR4.0	ILOW +1.45 points	2.03%	0.58%
Nn Group NV Common Stock EUR.12	ILOW +1.42 points	1.49%	0.07%
Prysmian Spa Common Stock EUR.1	ILOW +1.39 points	1.47%	0.08%
Obic Co Ltd Common Stock	ILOW +1.37 points	1.40%	0.03%
Pearson PLC Common Stock GBP.25PSON.L	ILOW +1.19 points	1.46%	0.27%
Compass Group PLC Common Stock GBP.1105CPG.L	ILOW +1.13 points	1.27%	0.14%
Axa SA Common Stock EUR2.29	ILOW +1.14 points	1.43%	0.29%
Natwest Group PLC Common Stock GBP1.0769NWG.L	ILOW +1.09 points	1.23%	0.14%
Hkt Trust and Hkt Ltd Ss Stapled Security HKD.0005	ILOW +1.03 points	1.23%	0.20%
Bawag Group AG Common Stock	ILOW +1.03 points	1.28%	0.25%
Aristocrat Leisure Ltd Common Stock	ILOW +1.02 points	1.10%	0.08%
Relx PLC Common Stock GBP.00144397REL.L	ILOW +0.99 points	1.50%	0.51%
Sanrio Co Ltd Common Stock	ILOW +0.93 points	0.95%	0.02%
Danske Bank A/S Common Stock DKK10.0	ILOW +0.91 points	0.99%	0.08%
Reckitt Benckiser Group PLC Common Stock GBP.10417RKT.L	ILOW +0.90 points	1.02%	0.12%
Shell PLC Common Stock EUR.07SHEL.L	ILOW +0.86 points	2.17%	1.31%
London Stock Exchange Group Common Stock GBP.06918605LSEG.L	ILOW +0.84 points	0.97%	0.13%
Koninklijke Kpn NV Common Stock EUR.04	ILOW +0.81 points	0.87%	0.06%
Informa PLC Common Stock GBP.001INF.L	ILOW +0.81 points	0.85%	0.04%
Leonardo Spa Common Stock	ILOW +0.80 points	0.86%	0.06%
Kerry Group PLC A Common Stock EUR.125	ILOW +0.79 points	0.85%	0.06%
Suncorp Group Ltd Common Stock	ILOW +0.77 points	1.27%	0.50%
Chugai Pharmaceutical Co Ltd Common Stock	ILOW +0.75 points	0.80%	0.05%
British American Tobacco PLC Common StockBATS.L	ILOW +0.74 points	1.34%	0.60%
Novartis AG Reg Common Stock CHF.49	ILOW +0.73 points	2.04%	1.31%
Mitsubishi Electric Corp Common Stock	ILOW +0.72 points	0.94%	0.22%
Bunzl PLC Common Stock GBP.3214286BNZL.L	ILOW +0.67 points	1.01%	0.34%
Unicredit Spa Common Stock	ILOW +0.59 points	1.43%	0.84%
Singapore Exchange Ltd Common Stock	ILOW +0.59 points	0.62%	0.03%
Takeda Pharmaceutical Co Ltd Common Stock	ILOW +0.59 points	1.25%	0.66%
Intercontinental Hotels Grou Common Stock GBP.2085213IHG.L	ILOW +0.58 points	1.07%	0.49%
Roche Holding AG Common Stock CHF.001	ILOW +0.57 points	2.14%	1.57%
Danone Common Stock EUR.25	ILOW +0.58 points	0.69%	0.11%
Safran SA Common Stock EUR.2	ILOW +0.55 points	1.17%	0.62%
Anglo American PLC Common StockAAL.L	ILOW +0.54 points	0.66%	0.12%
Bank Leumi Le Israel Common Stock ILS.1	ILOW +0.51 points	0.59%	0.08%
Sap SE Common Stock	ILOW +0.47 points	1.44%	0.97%
Astrazeneca PLC Common Stock USD.25AZN.L	ILOW +0.47 points	1.63%	1.16%
Sumitomo Mitsui Financial Gr Common Stock	ILOW +0.43 points	1.47%	1.04%
Mitsui Fudosan Co Ltd Common Stock	ILOW +0.41 points	0.68%	0.27%
Sony Group Corp Common Stock	ILOW +0.37 points	1.49%	1.12%
Abb Ltd Reg Common Stock CHF.12	ILOW +0.35 points	0.89%	0.54%
Asml Holding NV Common Stock EUR.09	TACN +0.28 points	2.88%	3.16%
Mitsubishi Ufj Financial Gro Common Stock	ILOW +0.17 points	1.59%	1.42%
Vinci SA Common Stock EUR2.5	ILOW +0.15 points	0.73%	0.58%
Amadeus It Group SA Common Stock EUR.01	ILOW +0.14 points	0.58%	0.44%
Aia Group Ltd Common Stock	ILOW +0.11 points	0.58%	0.47%
Enel Spa Common Stock EUR1.0	ILOW +0.11 points	0.82%	0.71%

All 88 ILOW 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.

ILOW vs TACN Cost

Overpaying ILOW vs TACN

$9,979

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

ILOW 0.50%
$9,979
TACN 0.00%
$0

Amount$10,000

Years30 years

Cost over time

ILOW 0.50%
TACN 0.00%
Overpaying

Year by year

Year	ILOW	TACN	Overpaying
10	$900	$0	$900
20	$3,460	$0	$3,460
30	$9,979	$0	$9,979

Expense ratio

0.50%ILOW
0.00%TACN, cheaper

TACN0.00%ILOW0.50%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

TACN cheapest of 55 funds

ILOW 18th cheapest of 55 funds

ILOW vs TACN Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ILOW 1.47%; TACN No data
Payout (12M): ILOW $0.68; TACN None
Last payment: ILOW $0.68; TACN No data
Ex-dividend: ILOW Dec 17, 2025; TACN No data
Paid on: ILOW Dec 18, 2025; TACN No data
Frequency: ILOW Irregular; TACN No data

Distribution history

Per share, 2024 to 2026, same scale for both

ILOWIrregular · 2 paymentsAll ILOW payments⁠

TACNAll TACN payments⁠

No distribution history available.

ILOW vs TACN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ILOW 10.1%since Aug 2024TACN No data
Return per unit of riskSharpe ratio, 3 years: ILOW 0.96since Aug 2024TACN No data
Worst fallMax drawdown, 5 years: ILOW −10.4%since Jul 2024TACN No data
Market sensitivityBeta, 5 years: ILOW 0.76TACN 0.65; Market = 1

ILOW and TACN in the news

All news⁠

ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026TACN

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