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TACN vs TXUG

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Thornburg International Growth Fund ETF

TXUGDNasdaq

Overlap

Expense ratio

TACN −0.70pt a year

TACN0.00%TXUG0.70%

Avg volume · 30D

TACN 4.9×the volume

TACN2.59KTXUG528

TACN vs TXUG Performance

Dec 31, 2025 – Nov 2, 2026

+11.4%TACN+6.1%TXUG

Dec 31, 2025 to Nov 2, 2026. TACN +11.4%. TXUG +6.1%. Use the arrow keys to read each point.−5%0%15%Dec 2025Jun 2026Nov 2026
Expense ratio
TACN 0.00%, better
TXUG 0.70%
Fund size
TACN $24M
TXUG $4M
1Y total return
TACN No data
TXUG +2.8%
Holdings
TACN 509
TXUG 42
Avg volume (30D)
TACN 2.59K sh, better
TXUG 528 sh
NAV per share
TACN $28.20
TXUG $26.08
52W range

ETF.net Grade

TACN: Cost 100, Risk 70, Mission not scored, Tradability 46, Holdings 82, Durability 30. TXUG: Cost 30, Risk 30, Mission 66, Tradability 26, Holdings 24, Durability 36.
Pillar letters and Scores for TACN, TXUG, with each pillar’s weight
PillarTACNTXUG
Cost30% weightA100HigherD30
Mission25% weightNot scoredB66
Risk15% weightA70HigherD30
Tradability15% weightC46HigherD26
Holdings10% weightA82HigherF24
Durability5% weightD30D36Higher

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. TACN and TXUG 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 TXUG 49th of 55 funds in the International Active Equity Category.

  1. Rank 5AENHIiShares Enhanced International Active ETFScore 76
  2. Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76
  3. Rank 7AAVNMAvantis All International Markets Equity ETFScore 72
  4. Rank 49DEPINHarbor International Equity ETF (EPIN)Score 28
  5. Rank 49DTXUGThornburg International Growth Fund ETFScore 28
  6. Rank 51DBCILBancreek International Large Cap ETFScore 27

Our read on each fund

ETF.net Research

TACNAT. Rowe Price Active Core International Equity ETF

TXUGDThornburg International Growth Fund ETF

In short

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).

TXUG Thornburg's answer to index-hugging international funds: an active, quality-growth portfolio of developed-market companies outside the US, launched in 2025 and priced at 0.70% for the human stock picking.

Stated mandate

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

TXUG The fund expects to invest primarily in equity securities or depositary receipts of issuers from developed markets outside the United States.

Why people hold it

  • 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.
  • TXUG Genuinely active, not an index tracker. Thornburg hunts developed-market companies it judges to have durable competitive advantages and long-term growth potential.thornburg.com
  • Stays on its stated mandate: equities and depositary receipts of issuers in developed markets outside the US, closely matching what the prospectus describes.
  • The mandate reaches past mega caps into small and mid caps, so the portfolio can look meaningfully different from a cap-weighted international index fund.thornburg.com

Worth knowing

  • 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
  • TXUG The 0.70% fee sits above the typical active international fund, and systematic rivals like AVDE (0.23%) and DFIC (0.22%) charge roughly a third as much.
  • A small, lightly traded fund, so bid-ask spreads can run wider than in the category's heavyweights.
  • Launched in 2025, so the track record is short. Growth-priced foreign stocks also bring currency swings and sharper reactions to earnings surprises.thornburg.com

Full TACN profile⁠

Full TXUG profile⁠

TACN vs TXUG 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.

TACN vs TXUG Cost

Overpaying TXUG vs TACN

$13,606

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

  • TACN 0.00%

    $0

  • TXUG 0.70%

    $13,606

$10,000
30 years

Cost over time

  • TACN 0.00%
  • TXUG 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TXUG $13,606TACN $0

Year by year

YearTACNTXUGOverpaying
10$0$1,250$1,250
20$0$4,760$4,760
30$0$13,606$13,606

Expense ratio

  • 0.00%TACN, cheaper
  • 0.70%TXUG
  • Middle half of International Active Equity funds
  • Median 0.55%

TACN cheapest of 55 funds

TXUG 38th cheapest of 55 funds

TACN vs TXUG Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
TACN None
TXUG No data
Last payment
TACN No data
TXUG $0.12
Ex-dividend
TACN No data
TXUG Dec 18, 2025
Paid on
TACN No data
TXUG Dec 19, 2025
Frequency
TACN No data
TXUG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

TACNAll TACN payments⁠

No distribution history available.

TXUGIrregular · 1 paymentAll TXUG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 18, 2025 $0.12. Use the arrow keys to read each point.$0$0.102026YTD

TACN vs TXUG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TACN No dataTXUG 14.3%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
TACN No dataTXUG −0.06since Feb 2025
Worst fallMax drawdown, 5 years
TACN No dataTXUG −18.6%since Jan 2025
Market sensitivityBeta, 5 years
TACN 0.65TXUG 0.82

TACN and TXUG in the news

All news⁠

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