Developed Markets ETF Overview

The developed markets ex-U.S. total market segment contains what many U.S. investors refer to as international funds and those that exclude the U.S. and cover the market-cap spectrum from large firms to small. Many funds offer pure cap-weighted vanilla exposure. The two leading funds by AUM, iShares' EFA and Vanguard's VEA, omit Canada from their coverage universe, but otherwise represent the market segment very well.

With 85 ETFs traded on the U.S. markets, Developed Markets ETFs have total assets under management of $221.62B. The average expense ratio is 0.38%. Developed Markets ETFs can be found in the following asset classes:

  • Equity
  • Fixed Income
  • Currency

The largest Developed Markets ETF is the Vanguard FTSE Developed Markets ETF VEA with $103.43B in assets. In the last trailing year, the best-performing Developed Markets ETF was UUP at 8.50%. The most recent ETF launched in the Developed Markets space was the Calvert International Responsible Index ETF CVIE on 01/30/23.

Top ETF Performers

IGOV iShares International Treasury Bond ETF 2.49%
ISHG iShares 1-3 Year International Treasury Bond ETF 0.95%
UDN Invesco DB U.S. Dollar Index Bearish Fund 0.87%
PICB Invesco International Corporate Bond ETF 0.27%
UUP Invesco DB U.S. Dollar Index Bullish Fund -0.18%

Bottom ETF Performers

DFIV Dimensional International Value ETF -6.41%
AVIV Avantis International Large Cap Value ETF -6.38%
FIDI Fidelity International High Dividend ETF -6.33%
WPS iShares International Developed Property ETF -6.19%
CID VictoryShares International High Div Volatility Wtd Index ETF -6.16%

Top Creations

VEA Vanguard FTSE Developed Markets ETF 548.07
IQLT iShares MSCI Intl Quality Factor ETF 290.78
BKIE BNY Mellon International Equity ETF 271.22
SPDW SPDR Portfolio Developed World ex-US ETF 245.45
FNDF Schwab Fundamental International Large Company Index ETF 206.91

Top Redemptions

UUP Invesco DB U.S. Dollar Index Bullish Fund -203.52
IGOV iShares International Treasury Bond ETF -75.78
ISDX Invesco RAFI Strategic Developed ex-US ETF -33.25
UDN Invesco DB U.S. Dollar Index Bearish Fund -29.52
IVLU iShares MSCI Intl Value Factor ETF -17.49

AUM Winners

CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 101.64%
ICOW Pacer Developed Markets International Cash Cows 100 ETF 21.06%
RDMX SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF 18.13%
AVSD Avantis Responsible International Equity ETF 16.76%
DFSI Dimensional International Sustainability Core 1 ETF 12.31%

AUM Losers

ISDX Invesco RAFI Strategic Developed ex-US ETF -22.69%
UDN Invesco DB U.S. Dollar Index Bearish Fund -18.59%
IDHD Invesco S&P International Developed High Dividend Low Volatility ETF -14.60%
PICB Invesco International Corporate Bond ETF -9.78%
RFDI First Trust RiverFront Dynamic Developed International ETF -9.60% Analysis

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