TIERvsFRGNETF Comparison
ETF 1
TIER
T. Rowe Price International Equity Research ETF
This fund is part of
Global Blended Cap
-0.47%
VS
T. Rowe Price International Equity Research ETF (TIER) belongs to the Global Blended Cap segment. Horizon International Equity ETF (FRGN) is part of the Options Strategies segment. TIER's top 3 sector exposures are Finance, Technology and Industrials. In contrast, FRGN's top sector exposures are Technology, Finance and Industrials. TIER is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.75% for FRGN. TIER is up 11.55% year-to-date (YTD) with +$9M in YTD flows. FRGN performs better with 16.71% YTD performance, and +$594K in YTD flows. Run a side-by-side ETF comparison of TIER and FRGN 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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TIER vs FRGN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TIER FRGN | -1.75%-3.41% | +3.37%+2.52% | +11.55%+16.71% | +24.15%n/a | n/an/a | n/an/a |
| Flows | TIER FRGN | +$5M-$6M | +$6M+$3M | +$9M+$594K | +$19M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TIER FRGN | +19.94%+19.04% | +16.74%n/a | n/an/a | n/an/a |
| Max drawdown | TIER FRGN | -5.07%-6.51% | -12.14%n/a | n/an/a | n/an/a |
| Max drawdown duration | TIER FRGN | 15d36d | 69dn/a | n/an/a | n/an/a |
Trading data
TIER | FRGN | |
Last sale 7/28/2026 at 1:30 PM | $31.38 | $30.12 |
| Previous close 07/28/2026 | $31.61 | $30.47 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
TIER | FRGN | |
|---|---|---|
| Last price | $31.38 | $30.12 |
| 1D performance | -0.72% | -1.14% |
| AuM | $34.57 M | $98.97 M |
| E/R | 0.38% | 0.75% |
Characteristics
TIER | FRGN | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Horizon Investments |
| Benchmark | - | - |
| N° of holdings | 379 | 440 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2025 | December 3, 2025 |
| ESG | No | No |
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Exposure
Countries
TIER
Japan
15.32%
Taiwan
9.85%
United Kingdom
8.7%
Canada
7.98%
Republic of Korea
7.43%
Other
50.73%
FRGN
Japan
15.67%
Canada
9.19%
Taiwan
8.46%
United Kingdom
8.11%
Republic of Korea
8.01%
Other
50.56%
Sectors
TIER
Finance
26.5%
Technology
25.88%
Industrials
11.75%
Non-Energy Materi.
7.16%
Other
28.71%
FRGN
Technology
24.93%
Finance
20%
Industrials
12.03%
Non-Energy Materi.
8.8%
Energy
7.85%
Healthcare
7.8%
Other
18.59%
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Diversification
TIER
Total weight of top 15 holdings out of 15
23.19%
FRGN
Total weight of top 15 holdings out of 15
27.19%
Top 15 holdings
Data as of June 30, 2026
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%
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%
Frequently asked questions about TIER and FRGN
How have the TIER and FRGN ETFs performed in 2026?
As of July 27, 2026, TIER is up 11.55% year-to-date (YTD), while FRGN has returned 16.71%. That puts FRGN better performer ahead so far this year.
Which ETF is attracting more investor money: TIER or FRGN?
Year-to-date, the TIER ETF saw +$9M in flows, compared to +$594K for FRGN.
Which ETF is bigger: TIER or FRGN?
As of July 27, 2026, TIER holds $34.57 M in assets under management (AUM), while FRGN manages $98.97 M.
What sectors do the TIER and FRGN ETFs invest in?
TIER leans toward sectors like Finance, Technology and Industrials. Meanwhile, FRGN focuses on Technology, Finance and Industrials.
What are the top holdings of the TIER ETF and FRGN ETF?
TIER top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. FRGN holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., ASML Holding NV and Samsung Electronics Co., Ltd..
Which ETF is more diversified: TIER or FRGN?
TIER holds 380 securities with 23.19% of its assets in the top 15. FRGN has 441 securities and a top 15 weight of 27.19%.
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