"Bitcoin started 2025 at $96,525 and currently sits at $87,291, down nearly 10%. The S&P 500 gained 18%. AVDE's 39% surge represented a fundamental shift in how international markets performed relative to U.S. equities. Even the standard international benchmark iShares MSCI EAFE ETF (NYSEARCA:EFA) gained 32%, meaning AVDE's active approach added roughly 7 percentage points of alpha over passive international exposure."
"European economic stabilization combined with higher interest rates created a goldmine for financial stocks. AVDE's portfolio is loaded with European banks like HSBC, UBS, Barclays, and Deutsche Bank - institutions that benefited enormously as the European Central Bank maintained elevated rates longer than expected. The STOXX Europe 600 Banks Index surged 65% this year, and AVDE captured that move. Defense spending provided another tailwind."
AVDE, a $11 billion international equity ETF, posted a 39% return in 2025, outpacing the S&P 500 and Bitcoin and delivering roughly 7 percentage points of alpha versus passive international exposure. European economic stabilization and prolonged higher ECB rates powered a surge in bank stocks, while elevated defense spending boosted contractors. A weakening dollar versus the euro and pound amplified returns for U.S. investors in international holdings. AVDE’s active factor tilts toward value, profitability, and smaller companies led to overweight exposure to financials and industrials and an underweight to mega-cap tech, which aligned with 2025 market leadership.
Read at 24/7 Wall St.
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