Dec. 12 at 4:27 AM
International has been a real diversifier in 2025. While US large caps have had a solid run, funds like
$AVDV and
$FRDM have delivered meaningfully stronger YTD returns, driven by different economic cycles, valuations and factor exposures.
It’s a reminder that global diversification is not the same as owning more US companies. International markets behave differently, pay off at different times and can add unique return drivers.