What is the main difference between these ETFs?

The primary distinction lies in market capitalisation and investment style. The Avantis International Equity ETF focuses on foreign large-cap stocks, providing broad exposure to established companies. In contrast, the Avantis International Small Cap Valuation targets foreign small and mid-cap value equities. This means it invests in smaller companies that appear undervalued relative to their fundamentals. Investors seeking stability might prefer large caps, while those pursuing higher risk-return potential often look to small-cap value segments, though both funds offer international diversification beyond US markets.

Which one is cheaper in fees?

Based on the provided data, the Avantis International Equity ETF has an expense ratio of 0.23%, while the Avantis International Small Cap Valuation has an expense ratio of 0.36%. This means the large-cap fund is cheaper by 0.13 percentage points. Over time, lower fees can enhance net returns, as investors pay less for fund management. However, it is essential to consider that higher fees in small-cap funds often reflect the increased costs associated with trading less liquid assets and conducting detailed fundamental research to identify undervalued securities in niche markets.

What does dividend yield mean here?

Dividend yield indicates the annual income generated by a fund's underlying holdings relative to its current price. Here, the Avantis International Equity ETF offers a yield of 2.74%, whereas the Avantis International Small Cap Valuation provides 3.07%. A higher yield generally suggests that the small-cap value holdings pay out more cash to shareholders compared to their price. These distributions are paid to investors holding the ETF shares. Yield fluctuates with share price changes and company payout decisions, serving as a key metric for income-focused investors seeking regular cash flow from their international equity exposure.

How do I read the top holdings list?

The top holdings list shows the largest individual company positions within each fund. For the Avantis International Equity ETF, significant weights include ASML at 1.27% and SHEL at 0.89%, reflecting large-cap industrial and energy companies. The Avantis International Small Cap Valuation lists CDE at 0.60% and SSRM at 0.47%, representing smaller mining and industrial firms. Note that these percentages are small, indicating a diversified portfolio with no single dominant position. Understanding these holdings helps investors gauge the specific economic sectors and companies driving fund performance and risk exposure.

What is an expense ratio?

An expense ratio is the annual fee charged by the fund provider to cover operational costs, expressed as a percentage of invested assets. For instance, a 0.23% expense ratio means an investor pays £2.30 for every £1,000 invested per year. These fees are deducted from the fund's net assets, not billed directly to the investor. Lower expense ratios, such as the 0.23% seen in the Avantis International Equity ETF, can improve long-term returns by preserving more of the gross investment performance. It is a critical cost efficiency metric when comparing funds.

How do I pick between the two?

Selection depends on your desired market capitalisation exposure and risk tolerance. The Avantis International Equity ETF suits those wanting broad, lower-cost exposure to established global companies with moderate yields. Conversely, the Avantis International Small Cap Valuation targets investors seeking higher potential returns through small-cap value stocks, accepting higher volatility and fees for this niche. Consider your portfolio's existing gaps: if you lack international small-cap exposure, the latter fills that role. Neither is inherently superior; they serve different strategic roles within a diversified international equity allocation.

What does net assets mean?

Net assets refer to the total market value of all securities held by the fund, minus any liabilities. For the Avantis International Equity ETF, this stands at $19.1 billion, while the Avantis International Small Cap Valuation holds $20.5 billion. Larger net assets generally imply better liquidity, meaning investors can buy or sell shares more easily without significantly affecting the price. They also suggest that the fund has attracted substantial investor capital. While size does not guarantee performance, it ensures the fund is well-capitalised and can efficiently manage cash flows from investor subscriptions and redemptions.

Do these funds pay regular dividends?

Yes, both funds distribute dividends derived from the underlying companies' payments. The Avantis International Equity ETF offers a dividend yield of 2.74%, and the Avantis International Small Cap Valuation yields 3.07%. These distributions are typically paid to shareholders on a regular schedule, often quarterly, though exact frequencies can vary by fund policy and jurisdiction. Investors receive these payments as cash or can elect to reinvest them to purchase additional shares. Yield figures are indicative of recent past payments and do not guarantee future distribution amounts or frequencies.

Is either one better for income?

In terms of stated dividend yields, the Avantis International Small Cap Valuation offers a slightly higher rate at 3.07%, compared to the Avantis International Equity ETF's 2.74%. This suggests that, based on current data, the small-cap value fund generates more cash income relative to its price. However, investors should note that higher yields can sometimes come with increased volatility or sector-specific risks. It is also worth observing that the small-cap fund has a higher expense ratio, which may offset some of the income advantage over the long term if capital appreciation is also a goal.

What sectors do these ETFs focus on?

The provided fund data indicates that detailed sector weightings are not available for either the Avantis International Equity ETF or the Avantis International Small Cap Valuation. Consequently, a precise breakdown of how much each fund allocates to industries like technology, healthcare, or financials cannot be determined from the current dataset. Investors seeking to analyse sector concentration or exposure must consult additional, more detailed reporting sources. This lack of transparency means that comparisons based on sector diversification or tilt towards specific economic trends are not currently feasible using the specified information.

AVDE vs AVDV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares Avantis International Equity ETF (AVDE) and Avantis International Small Cap Valuation (AVDV). Explore expense ratios of 0.23% versus 0.36%, dividend yields of 2.74% versus 3.07%, and top holdings. See how each fund tracks its international equity market. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVDE

Metric

AVDV

0.23%

Expense Ratio

0.36%

2.74%

Dividend Yield

3.07%

$19.06B

Net Assets

$20.46B

3,336

Holdings

1,745

Sep 24, 2019

Inception Date

Sep 24, 2019

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Index Tracked

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Foreign Large Blend

Fund Category

Foreign Small/Mid Value

AVDE costs about $13.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

AVDE

Pros

AVDE offers very competitive cost efficiency for investors seeking global equity exposure beyond the US market.
The fund provides broad international market access through its foreign large blend classification and substantial asset base.
It generates a moderate dividend yield suitable for income-focused investors seeking exposure to developed international markets.

Considerations

The specific index methodology tracked by the fund is not available for public reference.
Detailed sector weightings are not disclosed within the available fund data.
The fund is actively managed, meaning performance may deviate from standard benchmark indices due to manager discretion.

AVDV

Pros

AVDV provides targeted access to international small-cap value equities, a segment often difficult to access via passive funds.
The fund delivers a slightly higher dividend yield than its large-cap international counterpart, appealing to income investors.
It maintains a significant net asset base, suggesting robust liquidity and market participation for traders.

Considerations

The expense ratio is notably higher than comparable broad-market international equity funds.
Specific index details are not available, limiting transparency regarding the exact benchmark or replication method.
Sector weights are not disclosed, making precise allocation analysis across economic sectors difficult for investors.

About AVDE and AVDV

AVDE (AVDE)

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that aims to provide investors with access to quality companies located outside the United States. With an inception date of September 24, 2019, this fund has grown significantly, managing net assets of USD 19.06 billion. It boasts a broad portfolio of 3,336 holdings, diversified across various regions. Operating with a competitive expense ratio of 0.23%, AVDE is categorised as a Foreign Large Blend fund. Currently, it offers a dividend yield of 2.74%, appealing to investors seeking international diversification and potential income. The fund's strategy focuses on identifying companies with strong fundamentals, offering exposure to global markets beyond the US.

AVDV (AVDV)

The Avantis International Small Cap Valuation ETF is an exchange-traded fund designed for investors looking to access small-cap companies located outside the United States. Launched in September 2019, this fund falls within the Foreign Small/Mid Value category and currently holds a substantial net asset value of approximately USD 20.46 billion. It maintains a diversified portfolio of 1,745 holdings, offering broad exposure to the international small-cap value sector. Investors should be aware that the fund operates with an expense ratio of 0.36% and currently provides a dividend yield of 3.07%. As with any investment focused on smaller companies and international markets, value can fluctuate based on market conditions and economic factors. This ETF is intended for those seeking diversification beyond domestic markets, though returns are not guaranteed and capital is at risk.

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AVDE vs AVDV

Fund Snapshot