INEQ vs TACN: Grades, Fees and Holdings Compared

Columbia International Equity Income ETF

INEQBNYSE Arca

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Overlap

9.9%by weight

Expense ratio

TACN −0.45pt a year

INEQ0.45%TACN0.00%

Avg volume · 30D

INEQ 5.3×the volume

INEQ13.6KTACN2.59K

INEQ vs TACN Performance

Dec 31, 2025 – Nov 2, 2026

+8.3%INEQ+11.4%TACN

Expense ratio: INEQ 0.45%; TACN 0.00%, better
Fund size: INEQ $92M; TACN $24M
1Y total return: INEQ +15.2%; TACN No data
Yield (12M): INEQ 10.20%; TACN No data
Holdings: INEQ 104; TACN 509
Avg volume (30D): INEQ 13.6K sh, better; TACN 2.59K sh
NAV per share: INEQ $39.25; TACN $28.20
52W range

ETF.net Grade

Pillar letters and Scores for INEQ, TACN, with each pillar’s weight
Pillar	INEQ	TACN
Cost30% weight	A74	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B68	A70Higher
Tradability15% weight	C49Higher	C46
Holdings10% weight	C49	A82Higher
Durability5% weight	B62Higher	D30

Rank among International Active Equity funds

How we build Categories ›

Same Category. INEQ 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 INEQ 18th 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 16BTIERT. Rowe Price International Equity Research ETFScore 64
Rank 18BINEQColumbia International Equity Income ETFScore 63
Rank 19BCGICCapital Group International Core Equity ETFScore 61

Our read on each fund

ETF.net Research

INEQBColumbia International Equity Income ETF

TACNAT. Rowe Price Active Core International Equity ETF

In short

INEQ Columbia's active take on investing abroad for a paycheck and growth at the same time. It has been running since 2016 and charges less than the typical active international stock fund.

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

INEQ The Fund seeks total return through both current income and capital appreciation.

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

Why people hold it

INEQ Costs 0.45% a year, under the 0.60% median for active international equity ETFs. Below-average toll for an overseas stock picker.
The mandate is written down: total return from current income and capital appreciation. Income is half the job, not the whole job.
Distributes quarterly and has been on the tape since 2016, a real track record for an active international fund.
Rates in the upper tier of its active international peer group on our review, with no structural red flags in how it is built.

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

INEQ Thinly traded. Spreads can run wider than on the category's giants, and bigger orders may take patience to fill.
A small fund by category standards, which matters for both trading friction and long-run staying power.
Broad international rivals such as AVDE, DFIC and JIRE charge roughly half the fee, so the active income tilt has to earn its keep.

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 INEQ profile⁠

Full TACN profile⁠

INEQ vs TACN Holdings

How INEQ and TACN differ

Overlap by weight

9.9%

Shared holdings make up 81.9% of INEQ and 9.9% of TACN.

Level by level

Holdings49 in both9.9%
Countryby domicile73.3%
Asset classEquity100%

Sector

No Sector split for TACN.

Country, concentration and asset class

Country by domicile

Country weights in INEQ and TACN, widest gap first
Country	More in INEQMore in TACN	INEQ	TACN
Japan	INEQ +8.5 points	33.0%	24.5%
Switzerland	TACN +7.4 points	2.1%	9.5%
Germany	INEQ +4.5 points	12.7%	8.2%
Australia	INEQ +3.9 points	10.8%	6.9%
France	TACN +3.1 points	6.0%	9.1%
United Kingdom	TACN +2.9 points	11.7%	14.6%
Netherlands	TACN +2.8 points	3.1%	5.9%
Belgium	INEQ +2.8 points	3.6%	0.8%
Other countries (18)	TACN +3.5 points	17.0%	20.5%

Outside the US: INEQ 96% developed, 4% emerging. TACN 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

INEQ36.8%
TACN14.6%

Securities held

INEQ101
TACN499

Asset class

INEQ: Equity
TACN: Equity

Holdings

Only in INEQ52
In both49
Only in TACN450

Only in INEQ

52 securities, 17.6% of INEQ by weight

Telstra Group Ltd1.82%
Koninklijke Ahold Delhaize NV1.51%
Ck Hutchison Holdings Ltd1.05%
Carlsberg As0.63%
Geely Automobile Holdings Ltd0.52%
Jardine Matheson Holdings Ltd0.50%
Bluescope Steel Ltd0.48%
Baycurrent Inc0.47%
Yangzijiang Shipbuilding Holdings Ltd0.45%
Bouygues SA0.42%
Lpp SA0.41%
Raiffeisen Bank International AG0.41%
Fresenius Medical Care AG0.40%
Singapore Airlines Ltd0.38%
Japan Airlines Co Ltd0.38%
Continental AG0.38%
Talanx AG0.38%
Nippon Express Holdings Inc0.34%
Makita Corp0.33%
Yara International Asa0.32%
Ackermans & Van Haaren NV0.30%
Ngk Corp0.30%
Wh Group Ltd0.30%
Sonic Healthcare Ltd0.30%
Hochtief AG0.29%
Yokogawa Electric Corp0.29%
Ricoh Co Ltd0.27%
Daito Trust Construction Co Ltd0.27%
Nexon Co Ltd0.26%
Jb Hi-Fi Ltd0.26%
Hulic Co Ltd0.24%
Tisi Inc0.24%
Voestalpine AG0.23%
Tokyu Fudosan Holdings Corp0.20%
Sanwa Holdings Corp0.20%
Sembcorp Industries Ltd0.19%
Hitachi Construction Machinery Co Ltd0.19%
Mazda Motor Corp0.18%
Tohoku Electric Power Co Inc0.17%
A2 Milk Co Ltd/The0.16%
Persol Holdings Co Ltd0.15%
Nh Foods Ltd0.14%
Nomura Real Estate Holdings Inc0.14%
Sands China Ltd0.13%
Cathay Pacific Airways Ltd0.12%
Strabag SE0.12%
Sumitomo Rubber Industries Ltd0.10%
Oracle Corp Japan0.10%
Tokyo Century Corp0.09%
Tpg Telecom Ltd0.06%

Only in TACN

450 securities, 89.8% of TACN by weight

Asml Holding NV Common Stock EUR.093.16%
Roche Holding AG Common Stock CHF.0011.57%
Mitsubishi Ufj Financial Gro Common Stock1.42%
Shell PLC Common Stock EUR.071.31%
Novartis AG Reg Common Stock CHF.491.31%
Hsbc Holdings PLC Common Stock USD.51.26%
Recruit Holdings Co Ltd Common Stock1.22%
Astrazeneca PLC Common Stock USD.251.16%
Sony Group Corp Common Stock1.12%
Totalenergies SE Common Stock EUR2.51.08%
Allianz SE Reg Common Stock1.06%
Nestle SA Reg Common Stock CHF.11.05%
Sumitomo Mitsui Financial Gr Common Stock1.04%
Sap SE Common Stock0.97%
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%
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%
Enel Spa Common Stock EUR1.00.71%
Toyota Motor Corp Common Stock0.71%
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%
Safran SA Common Stock EUR.20.62%
Banco Santander SA Common Stock EUR.50.60%
British American Tobacco PLC Common Stock0.60%
Equinor Asa Common Stock NOK2.50.59%
Iberdrola SA Common Stock EUR.750.58%
Schneider Electric SE Common Stock EUR4.00.58%
Air Liquide SA Common Stock EUR5.50.56%
Tokyo Electron Ltd Common Stock0.56%
Abb Ltd Reg Common Stock CHF.120.54%
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%
Relx PLC Common Stock GBP.001443970.51%
Ms+ad Insurance Group Holdin Common Stock0.51%
Suncorp Group Ltd Common Stock0.50%
Komatsu Ltd Common Stock0.50%
Intercontinental Hotels Grou Common Stock GBP.20852130.49%

Weight gaps

All 49 Holdings in both funds, largest gap first.

Holding weights in INEQ and TACN, widest gap first
Holding	More in INEQMore in TACN	INEQ	TACN
Mitsubishi Corp	INEQ +4.00 points	4.37%	0.37%
Bhp Group Ltd	INEQ +3.52 points	4.37%	0.85%
Deutsche Telekom AG	INEQ +3.47 points	4.16%	0.69%
Muenchener Rueckversicherungs-Gesellschaft AG In Muenchen	INEQ +3.47 points	3.77%	0.30%
Siemens Energy AG	INEQ +3.18 points	3.83%	0.65%
Unicredit Spa	INEQ +3.17 points	4.01%	0.84%
Rio Tinto PLCRIO.L	INEQ +2.90 points	3.24%	0.34%
Anheuser-Busch Inbev Sa/Nv	INEQ +2.80 points	3.06%	0.26%
Natwest Group PLCNWG.L	INEQ +2.69 points	2.83%	0.14%
Takeda Pharmaceutical Co Ltd	INEQ +2.48 points	3.14%	0.66%
Hoya Corp	INEQ +2.47 points	2.61%	0.14%
Vinci SA	INEQ +2.27 points	2.85%	0.58%
Standard Chartered PLCSTAN.L	INEQ +1.90 points	2.27%	0.37%
Holcim AG	INEQ +1.87 points	1.97%	0.10%
Orix Corp	INEQ +1.74 points	1.88%	0.14%
Daiichi Life Group Inc	INEQ +1.72 points	1.83%	0.11%
Erste Group Bank AG	INEQ +1.71 points	1.80%	0.09%
Sompo Holdings Inc	INEQ +1.65 points	1.72%	0.07%
Mercedes-Benz Group AG	INEQ +1.57 points	1.65%	0.08%
Otsuka Holdings Co Ltd	INEQ +1.43 points	1.49%	0.06%
Bank Leumi Le-Israel Bm	INEQ +1.36 points	1.44%	0.08%
Abn Amro Bank NV	INEQ +1.29 points	1.36%	0.07%
Commerzbank AG	INEQ +1.29 points	1.35%	0.06%
Fortescue Ltd	INEQ +1.24 points	1.28%	0.04%
Publicis Groupe SA	INEQ +1.10 points	1.19%	0.09%
3I Group PLCIII.L	INEQ +1.07 points	1.51%	0.44%
Capgemini SE	INEQ +1.06 points	1.13%	0.07%
Fresnillo PLCFRES.L	INEQ +1.00 points	1.02%	0.02%
Next PLCNXT.L	INEQ +0.94 points	1.00%	0.06%
Seven & I Holdings Co Ltd	INEQ +0.89 points	0.96%	0.07%
Acs Actividades De Construccion Y Servicios SA	INEQ +0.81 points	0.86%	0.05%
Inpex Corp	INEQ +0.75 points	1.03%	0.28%
Evolution Mining Ltd	INEQ +0.74 points	0.78%	0.04%
Imperial Brands PLCIMB.L	INEQ +0.73 points	1.14%	0.41%
Daiwa House Industry Co Ltd	INEQ +0.68 points	0.72%	0.04%
Kansai Electric Power Co Inc/The	INEQ +0.68 points	0.71%	0.03%
Nomura Research Institute Ltd	INEQ +0.66 points	0.69%	0.03%
Origin Energy Ltd	INEQ +0.63 points	0.69%	0.06%
Shionogi & Co Ltd	INEQ +0.60 points	0.63%	0.03%
Sumitomo Realty & Development Co Ltd	INEQ +0.55 points	0.57%	0.02%
Osaka Gas Co Ltd	INEQ +0.54 points	0.56%	0.02%
Sumitomo Metal Mining Co Ltd	INEQ +0.54 points	0.56%	0.02%
Tokyo Gas Co Ltd	INEQ +0.52 points	0.54%	0.02%
Naturgy Energy Group SA	INEQ +0.47 points	0.73%	0.26%
Chubu Electric Power Co Inc	INEQ +0.46 points	0.49%	0.03%
Sbi Holdings Inc	INEQ +0.43 points	0.45%	0.01%
Hannover Rueck SE	INEQ +0.42 points	0.91%	0.49%
Subaru Corp	INEQ +0.40 points	0.42%	0.02%
Isetan Mitsukoshi Holdings Ltd	INEQ +0.15 points	0.32%	0.17%

All INEQ 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.

INEQ vs TACN Cost

Overpaying INEQ vs TACN

$9,041

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

INEQ 0.45%
$9,041
TACN 0.00%
$0

Amount$10,000

Years30 years

Cost over time

INEQ 0.45%
TACN 0.00%
Overpaying

Year by year

Year	INEQ	TACN	Overpaying
10	$812	$0	$812
20	$3,128	$0	$3,128
30	$9,041	$0	$9,041

Expense ratio

0.45%INEQ
0.00%TACN, cheaper

TACN0.00%INEQ0.45%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

TACN cheapest of 55 funds

INEQ 15th cheapest of 55 funds

INEQ vs TACN Dividends

Last 12 months to Nov 2, 2026

Yield (12M): INEQ 10.20%; TACN No data
Payout (12M): INEQ $4.02; TACN None
Last payment: INEQ $0.31; TACN No data
Ex-dividend: INEQ Sep 25, 2026; TACN No data
Paid on: INEQ Oct 1, 2026; TACN No data
Frequency: INEQ Quarterly; TACN No data

Distribution history

Per share, 2017 to 2026, same scale for both

INEQQuarterly · 39 paymentsAll INEQ payments⁠

TACNAll TACN payments⁠

No distribution history available.

INEQ vs TACN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: INEQ 11.4%TACN No data
Return per unit of riskSharpe ratio, 3 years: INEQ 1.35TACN No data
Worst fallMax drawdown, 5 years: INEQ −24.2%TACN No data
Market sensitivityBeta, 5 years: INEQ 0.73TACN 0.65; Market = 1

INEQ 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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INEQ vs TACN

In short

Stated mandate

Why people hold it

Worth knowing

How INEQ and TACN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in INEQ

Only in TACN

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Franklin Templeton files two enhanced ETFs to absorb its international core funds

How INEQ and TACN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in INEQ

Only in TACN

Weight gaps