FRGNvsTIERETF Comparison
VS
ETF 2
TIER
T. Rowe Price International Equity Research ETF
This fund is part of
Global Blended Cap
-0.31%
Horizon International Equity ETF (FRGN) belongs to the Options Strategies segment. T. Rowe Price International Equity Research ETF (TIER) is part of the Global Blended Cap segment. FRGN's top 3 sector exposures are Technology, Finance and Industrials. In contrast, TIER's top sector exposures are Finance, Technology and Industrials. FRGN is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.38% for TIER. FRGN is up 19.09% year-to-date (YTD) with +$594K in YTD flows. TIER performs worse with 11.78% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of FRGN and TIER below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FRGN vs TIER performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRGN TIER | -1.52%-0.72% | +4.72%+4.30% | +19.09%+11.78% | n/a+21.83% | n/an/a | n/an/a |
| Flows | FRGN TIER | -$6M+$5M | +$3M+$6M | +$594K+$9M | -+$19M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRGN TIER | +18.70%+19.98% | n/a+16.77% | n/an/a | n/an/a |
| Max drawdown | FRGN TIER | -5.92%-5.07% | n/a-12.14% | n/an/a | n/an/a |
| Max drawdown duration | FRGN TIER | 32d15d | n/a69d | n/an/a | n/an/a |
Trading data
FRGN | TIER | |
Last sale 7/27/2026 at 1:30 PM | $30.40 | $31.47 |
| Previous close 07/24/2026 | $30.56 | $31.58 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
FRGN | TIER | |
|---|---|---|
| Last price | $30.40 | $31.47 |
| 1D performance | -0.55% | -0.36% |
| AuM | $100.98 M | $34.64 M |
| E/R | 0.75% | 0.38% |
Characteristics
FRGN | TIER | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Horizon Investments | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 440 | 379 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2025 | June 25, 2025 |
| ESG | No | No |
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Exposure
Countries
FRGN
Japan
15.67%
Canada
9.19%
Taiwan
8.46%
United Kingdom
8.11%
Republic of Korea
8.01%
Other
50.56%
TIER
Japan
15.32%
Taiwan
9.85%
United Kingdom
8.7%
Canada
7.98%
Republic of Korea
7.43%
Other
50.73%
Sectors
FRGN
Technology
24.93%
Finance
20%
Industrials
12.03%
Non-Energy Materi.
8.8%
Energy
7.85%
Healthcare
7.8%
Other
18.59%
TIER
Finance
26.5%
Technology
25.88%
Industrials
11.75%
Non-Energy Materi.
7.16%
Other
28.71%
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Diversification
FRGN
Total weight of top 15 holdings out of 15
27.19%
TIER
Total weight of top 15 holdings out of 15
23.19%
Top 15 holdings
Data as of June 30, 2026
FRGN
Taiwan Semiconductor Manufacturing Co., Ltd.
4.43%
ASML Holding NV
4.03%
Samsung Electronics Co., Ltd.
2.77%
SK hynix, Inc.
2.54%
The Toronto-Dominion Bank
1.75%
Roche Holding AG
1.47%
Shell Plc
1.46%
Tokyo Electron Ltd.
1.29%
TotalEnergies SE
1.22%
Novartis AG
1.14%
Advantest Corp.
1.09%
Royal Bank of Canada
1.03%
UBS Group AG
1.01%
AstraZeneca PLC
0.99%
Rio Tinto Plc
0.97%
TIER
Taiwan Semiconductor Manufacturing Co., Ltd.
3.61%
Samsung Electronics Co., Ltd.
3.10%
SK hynix, Inc.
2.60%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.36%
ASML Holding NV
2.08%
Royal Bank of Canada
1.32%
Tencent Holdings Ltd.
1.12%
BHP Group Ltd.
1.00%
HSBC Holdings Plc
0.98%
MediaTek, Inc.
0.89%
AstraZeneca PLC
0.89%
Nestlé SA
0.88%
Siemens AG
0.86%
Roche Holding AG
0.75%
Novartis AG
0.74%
Frequently asked questions about FRGN and TIER
How have the FRGN and TIER ETFs performed in 2026?
As of July 24, 2026, FRGN is up 19.09% year-to-date (YTD), while TIER has returned 11.78%. That puts FRGN better performer ahead so far this year.
Which ETF is attracting more investor money: FRGN or TIER?
Year-to-date, the FRGN ETF saw +$594K in flows, compared to +$9M for TIER.
Which ETF is bigger: FRGN or TIER?
As of July 24, 2026, FRGN holds $100.98 M in assets under management (AUM), while TIER manages $34.64 M.
What sectors do the FRGN and TIER ETFs invest in?
FRGN leans toward sectors like Technology, Finance and Industrials. Meanwhile, TIER focuses on Finance, Technology and Industrials.
What are the top holdings of the FRGN ETF and TIER ETF?
FRGN top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., ASML Holding NV and Samsung Electronics Co., Ltd.. TIER holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: FRGN or TIER?
FRGN holds 441 securities with 27.19% of its assets in the top 15. TIER has 380 securities and a top 15 weight of 23.19%.
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