What is the primary difference in fund structure between AVDE and VEA?

AVDE is an actively managed ETF launched in September 2019, while VEA is a passive index fund with a history since July 2007. Actively managed funds like AVDE often seek to outperform benchmarks, but they typically carry higher costs. Passive funds like VEA aim to replicate an index's performance. This structural difference influences their operational strategies and potential returns.

How does the inception date impact the historical data availability for these ETFs?

VEA, launched on July 20, 2007, offers over 19 years of track record. In contrast, AVDE began trading on September 24, 2019, providing a shorter operational history. This difference in data availability is critical for assessing past performance. Investors should note that newer funds may face different market conditions than older ones.

Why do sector weights and index details differ for both funds?

Neither AVDE nor VEA has disclosed their specific index tracked or sector weights. This lack of transparency can affect detailed portfolio analysis. Investors should consider how these unknown factors might influence the funds' risk profiles and overall diversification strategies in their investment decisions.

What is the expense ratio difference between AVDE and VEA?

AVDE has an expense ratio of 0.23%, while VEA's is significantly lower at 0.03%. This results in a 0.20 percentage point difference. Higher fees can reduce net returns over time, particularly affecting long-term investment strategies. Cost-conscious investors must evaluate this fee structure when comparing ETF options.

What are the dividend yields for these ETFs?

AVDE boasts a dividend yield of 2.74%, while VEA offers a yield of 2.35%. This 0.39% difference makes AVDE more attractive to income-focused investors. Higher yields can provide enhanced cash flow. However, yield alone should not be the sole decision-making factor when evaluating investment potential.

How do top holdings compare between the two funds?

AVDE's top holdings include ASML (1.27%), SHEL (0.89%), BBVA (0.63%), BHP (0.57%), and BP (0.50%). In contrast, VEA's only listed top holding is SHOP (0.54%). There are no shared top-10 holdings. This difference reflects each fund's unique approach to international equity exposure, potentially affecting their risk and return profiles.

What is the liquidity situation for these funds?

VEA has $233.8 billion in net assets, ensuring high liquidity and tight bid-ask spreads. AVDE has $19.1 billion in assets, which is still substantial. Larger asset pools can lower trading costs and improve market access, which is important for both institutional and retail investors. This comparison highlights their respective liquidity advantages.

How do the issuers of these funds compare?

AVDE is issued by Avantis, established in September 2019. VEA is managed by Vanguard, with a market presence since July 2007. Both issuers are reputable; however, VEA's long-standing history suggests a more established operational model. Avantis's newer status might present less historical reliability data. Both funds fall under the Foreign Large Blend category.

How to approach tracking discrepancies between the ETFs?

VEA, as a passive fund, seeks to accurately mirror its tracked index. Conversely, AVDE is actively managed and may intentionally deviate to achieve outperformance. Given VEA's longer track record, investors might expect stable tracking. However, specific index tracking data for both is not available, requiring caution.

What should investors note regarding the educational disclaimer?

The information presented here is strictly educational, aiming to inform rather than provide financial advice. Investors should understand the mechanics of expense ratios, yields, holdings, and liquidity to make informed decisions. Always consult with a financial advisor before making any investment choices, especially in complex products like ETFs.

AVDE vs VEA

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

Compare the Avantis International Equity ETF (AVDE) and Vanguard FTSE Developed Markets ETF (VEA). This page details expense ratios of 0.23% and 0.03%, dividend yields of 2.74% and 2.35%, net assets, and key holdings to help you assess how each fund tracks its target market and manages costs. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVDE

Metric

VEA

0.23%

Expense Ratio

0.03%

2.74%

Dividend Yield

2.35%

$19.06B

Net Assets

$233.81B

3,336

Holdings

3,922

Sep 24, 2019

Inception Date

Jul 20, 2007

–

Index Tracked

–

Foreign Large Blend

Fund Category

Foreign Large Blend

VEA costs about $20.00 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

The fund has accumulated substantial net assets of $19.1 billion, ensuring strong liquidity and trading capacity for international equity exposure.
The portfolio features diversified top holdings like ASML and Shell, reducing single-stock concentration risk compared to market-cap weighted alternatives.
The dividend yield of 2.74% offers a relatively higher income component than the benchmark alternative, providing enhanced cash flow.

Considerations

The expense ratio of 0.23% is significantly higher than the benchmark, potentially eroding long-term returns for cost-conscious investors.
The fund launched in September 2019, offering a shorter track record and less proven operational history compared to older peers.
Specific index tracked and sector weights are not available, limiting transparency for investors requiring precise style or industry attribution.

VEA

Pros

The extremely low expense ratio of 0.03% minimises holding costs, making it highly efficient for long-term international equity allocation.
With $233.8 billion in net assets, the fund provides deep liquidity and low bid-ask spreads for institutional and retail traders.
The fund has a long operational history since July 2007, demonstrating stability and consistency in tracking developed market indices.

Considerations

The dividend yield of 2.35% is lower than the alternative, potentially providing less immediate income for income-focused investors.
Top holdings data shows only a 0.54% weight for Shopify, indicating a highly diversified but potentially diluted market-cap structure.
Specific index tracked and sector weights are not available, which may hinder detailed portfolio analysis for strict mandate adherence.

About AVDE and VEA

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.

VEA (VEA)

The Vanguard FTSE Developed Markets ETF (VEA) is an exchange-traded fund designed to provide investors with broad exposure to large and mid-capitalisation companies in developed markets outside the United States. It seeks to track a benchmark index comprising thousands of holdings from regions including Europe, Australasia, and Canada. With a low expense ratio of 0.03%, this fund offers a cost-effective way to diversify a portfolio beyond domestic UK and US equities. The fund’s current dividend yield stands at 2.35%, reflecting potential income generation from its global holdings. As with any investment, the value of units can go down as well as up, and past performance is not a reliable indicator of future results. Investors should consider their risk tolerance and financial goals carefully, noting that currency fluctuations and regional economic shifts may impact returns.

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AVDE vs VEA

Fund Snapshot