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MTRA vs VNIE

Invesco International Growth Focus ETF

MTRABCboe

Vontobel International Equity Active ETF

VNIEDNYSE Arca

Overlap

15.7%by weight

Expense ratio

MTRA −0.06pt a year

MTRA0.54%VNIE0.60%

Avg volume · 30D

MTRA 27.8×the volume

MTRA7.93KVNIE285

MTRA vs VNIE Performance

Oct 31, 2025 – Nov 2, 2026

−3.6%MTRA−1.8%VNIE

Oct 31, 2025 to Nov 2, 2026. MTRA −3.6%. VNIE −1.8%. Use the arrow keys to read each point.−10%5%10%Oct 2025May 2026Nov 2026
Expense ratio
MTRA 0.54%, better
VNIE 0.60%
Fund size
MTRA $127M
VNIE $9M
1Y total return
MTRA −3.6%
VNIE −1.8%, better
Holdings
MTRA 54
VNIE 49
Avg volume (30D)
MTRA 7.93K sh, better
VNIE 285 sh
NAV per share
MTRA $25.23
VNIE $24.54
52W range

ETF.net Grade

MTRA: Cost 76, Risk 31, Mission not scored, Tradability 52, Holdings 39, Durability 70. VNIE: Cost 24, Risk 40, Mission 30, Tradability 36, Holdings 45, Durability 27.
Pillar letters and Scores for MTRA, VNIE, with each pillar’s weight
PillarMTRAVNIE
Cost30% weightA76HigherF24
Mission25% weightNot scoredD30
Risk15% weightD31C40Higher
Tradability15% weightC52HigherD36
Holdings10% weightD39C45Higher
Durability5% weightA70HigherD27

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. MTRA and VNIE 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 VNIE 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 11DIGGYAB International Growth ETFScore 32
  7. Rank 11DVNIEVontobel International Equity Active ETFScore 32
  8. Rank 13DBGCGBAILLIE GIFFORD INTERNATIONAL CONCENTRATED GROWTH ETFScore 30
  9. PJINNot yet graded

Our read on each fund

ETF.net Research

MTRABInvesco International Growth Focus ETF

VNIEDVontobel International Equity Active ETF

In short

MTRA No data

VNIE Vontobel has run the same quality-growth playbook out of its boutique since 1984. VNIE is the first time that approach shows up in an ETF: a concentrated book of non-US companies with pricing power, spanning developed and emerging markets.

Stated mandate

MTRA No data

VNIE The Fund seeks long-term capital growth.

Why people hold it

MTRA No data

  • VNIE Roughly 40 to 60 stocks, not index sprawl. The manager targets businesses with pricing power and predictable earnings, keeping country weights broadly aligned with MSCI ACWI ex US.sec.govvontobel.com
  • The 0.60% expense ratio sits right at the median for its active international-growth peer group. You pay the going rate for stock picking, not a boutique premium.
  • One ticket, both worlds: developed and emerging markets together, with at least 75% of assets in non-US companies and holdings spread across at least three countries.sec.gov
  • Not a startup strategy in a new wrapper only. It extends Vontobel's long-running International Equity approach from a Quality Growth team that has been at this since the 1980s.vontobel.comvontobel.com 2

Worth knowing

MTRA No data

  • VNIE Small and thinly traded so far, so the spread between what you pay and what the shares hold can matter more than the fee does.
  • Close rivals undercut it on price: CGXU at 0.54% and JIG at 0.55% chase a similar international-growth mandate.
  • Launched in 2025, so there is no long ETF record to lean on, and the emerging-market sleeve brings currency and single-country risk along for the ride.

Full MTRA profile⁠

Full VNIE profile⁠

MTRA vs VNIE Holdings

How MTRA and VNIE differ

Overlap by weight

15.7%

Shared holdings make up 22.4% of MTRA and 21.1% of VNIE.

Level by level

  • Holdings8 in both15.7%
  • Countryby domicile63.7%
  • Asset classEquity100%

Sector

No Sector split for VNIE.

Country, concentration and asset class

Country by domicile

Country weights in MTRA and VNIE, widest gap first
CountryMore in MTRAMore in VNIE
CanadaVNIE +8.9 points
NorwayVNIE +8.2 points
NetherlandsMTRA +8.1 points
SingaporeVNIE +5.4 points
IndiaMTRA +4.4 points
TaiwanMTRA +4.2 points
JapanVNIE +4.1 points
United KingdomMTRA +3.3 points
Other countries (16)MTRA +6.6 points

Outside the US: MTRA 67% developed, 33% emerging. VNIE 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

  • MTRA41.4%
  • VNIE36.3%

Securities held

  • MTRA50
  • VNIE47

Asset class

MTRA
Equity
VNIE
Equity

Holdings

  • Only in MTRA42
  • In both8
  • Only in VNIE39

Only in MTRA

42 securities, 77.4% of MTRA by weight

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

Only in VNIE

39 securities, 76.6% of VNIE by weight

  • Taiwan Semiconductor-Sp Adr6.23%
  • Philip Morris International3.61%
  • Coca-Cola Co/The3.24%

Weight gaps

All 8 Holdings in both funds, largest gap first.

Holding weights in MTRA and VNIE, widest gap first
HoldingMore in MTRAMore in VNIE
ASML Holding NVMTRA +4.20 points
Galderma Group AGVNIE +3.97 points
Sartorius Stedim BiotechMTRA +1.36 points
Tokyo Electron LtdVNIE +0.86 points
Cie Financiere Richemont SAMTRA +0.63 points
Keyence CorpVNIE +0.56 points
Lonza Group AGMTRA +0.27 points
Mitsubishi UFJ Financial Group IncMTRA +0.17 points

All 50 MTRA holdings⁠All VNIE 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.

MTRA vs VNIE Cost

Overpaying VNIE vs MTRA

$1,097

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

  • MTRA 0.54%

    $10,720

  • VNIE 0.60%

    $11,817

$10,000
30 years

Cost over time

  • MTRA 0.54%
  • VNIE 0.60%
  • 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$12.5K051015202530VNIE $11,817MTRA $10,720

Year by year

YearMTRAVNIEOverpaying
10$971$1,076$105
20$3,724$4,116$392
30$10,720$11,817$1,097

Expense ratio

  • 0.54%MTRA, cheaper
  • 0.60%VNIE
  • Middle half of International Active Growth funds
  • Median 0.55%

MTRA 3rd cheapest of 14 funds

VNIE 11th cheapest of 14 funds

MTRA vs VNIE Dividends

Last 12 months to Nov 2, 2026
Last payment
MTRA $0.18
VNIE $0.08
Ex-dividend
MTRA Dec 22, 2025
VNIE Dec 30, 2025
Paid on
MTRA Dec 26, 2025
VNIE Jan 7, 2026
Frequency
MTRA Irregular
VNIE Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

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
VNIEIrregular · 1 paymentAll VNIE payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.08. Use the arrow keys to read each point.$0$0.202026YTD

MTRA vs VNIE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MTRA 13.3%since Jul 2025VNIE 14.4%since Jun 2025
Return per unit of riskSharpe ratio, 3 years
MTRA −0.23since Jul 2025VNIE −0.45since Jun 2025
Worst fallMax drawdown, 5 years
MTRA −15.8%since Jun 2025VNIE −13.1%since May 2025
Market sensitivityBeta, 5 years
MTRA 0.88VNIE 0.76

MTRA and VNIE in the news

All news⁠

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