FENI vs. FIDU

Last updated Aug 2, 2026

FENI (Fidelity Enhanced International ETF) and FIDU (Fidelity MSCI Industrials Index ETF) are both exchange-traded funds - FENI is a Foreign Large Cap Equities fund actively managed by Fidelity, while FIDU is a Industrials Equities fund tracking the MSCI USA IMI Industrials Index. FENI is actively managed, while FIDU is passively managed. Over the past year, FENI returned 28.22% vs 21.56% for FIDU. Their 0.66 correlation means they have sometimes moved together and sometimes differently. FENI charges 0.28%/yr vs 0.08%/yr for FIDU.

Performance

FENI vs. FIDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced International ETF (FENI) and Fidelity MSCI Industrials Index ETF (FIDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FENI achieves a 13.01% return, which is significantly lower than FIDU's 16.05% return.

FENI

• 1D: -0.37%
• 1M: 0.87%
• 6M: 6.54%
• YTD: 13.01%
• 1Y: 28.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.20%

FIDU

• 1D: 0.83%
• 1M: -3.08%
• 6M: 7.73%
• YTD: 16.05%
• 1Y: 21.56%
• 3Y*: 18.89%
• 5Y*: 13.30%
• 10Y*: 14.03%
• ALL TIME*: 12.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FENI Fidelity Enhanced International ETF	$50.54M	$59.20M	$59.68M
FIDU Fidelity MSCI Industrials Index ETF	$8.05M	$8.74M	$9.96M

FENI vs. FIDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FENI Fidelity Enhanced International ETF	13.01%	37.27%	6.95%	5.75%
FIDU Fidelity MSCI Industrials Index ETF	16.05%	18.61%	16.51%	9.25%

Correlation

The correlation between FENI and FIDU is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.66

The correlation between FENI and FIDU has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

FENI vs. FIDU - Sectors Allocation Comparison

Sectors	FENI	FIDU
Financial Services	26.1%	0.2%
Industrials	21.7%	86.2%
Technology	12.6%	5.8%
Healthcare	8.7%	0.0%
Consumer Defensive	6.2%	0.0%
Consumer Cyclical	5.4%	0.5%
Basic Materials	4.9%	1.6%
Energy	3.9%	0.0%
Utilities	3.8%	3.8%
Communication Services	3.4%	0.0%
Real Estate	1.4%	0.0%

Return for Risk

FENI vs. FIDU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FENI

FENI Risk / Return Rank: 75
FENI Sharpe Ratio Rank: 76
FENI Sortino Ratio Rank: 76
FENI Omega Ratio Rank: 75
FENI Calmar Ratio Rank: 71
FENI Martin Ratio Rank: 75

FIDU

FIDU Risk / Return Rank: 46
FIDU Sharpe Ratio Rank: 44
FIDU Sortino Ratio Rank: 44
FIDU Omega Ratio Rank: 41
FIDU Calmar Ratio Rank: 45
FIDU Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FENI vs. FIDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced International ETF (FENI) and Fidelity MSCI Industrials Index ETF (FIDU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FENI	FIDU	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.09	+0.63
Sortino ratio: Return per unit of downside risk	2.44	1.60	+0.84
Omega ratio: Gain probability vs. loss probability	1.31	1.19	+0.12
Calmar ratio: Return relative to maximum drawdown	2.45	1.61	+0.83
Martin ratio: Return relative to average drawdown	9.31	6.39	+2.93

FENI vs. FIDU - Sharpe Ratio Comparison

The current FENI Sharpe Ratio is 1.72, which is higher than the FIDU Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FENI and FIDU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FENI vs. FIDU - Drawdown Comparison

The maximum FENI drawdown since its inception was -14.20%, smaller than the maximum FIDU drawdown of -42.31%. Use the drawdown chart below to compare losses from any high point for FENI and FIDU.

Drawdown Indicators

	FENI	FIDU	Difference
Max Drawdown Largest peak-to-trough decline	-14.20%	-42.31%	+28.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-12.23%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.31%	—
Current Drawdown Current decline from peak	-0.37%	-4.41%	+4.04%
Average Drawdown Average peak-to-trough decline	-2.24%	-4.77%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	3.09%	-0.08%

Volatility

FENI vs. FIDU - Volatility Comparison

Fidelity Enhanced International ETF (FENI) and Fidelity MSCI Industrials Index ETF (FIDU) have volatilities of 4.89% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FENI	FIDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	5.09%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	14.28%	14.73%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	18.03%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	18.47%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	20.37%	-4.58%

FENI vs. FIDU - Expense Ratio Comparison

FENI has a 0.28% expense ratio, which is higher than FIDU's 0.08% expense ratio.

Dividends

FENI vs. FIDU - Dividend Comparison

FENI's dividend yield for the trailing twelve months is around 2.89%, more than FIDU's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENI Fidelity Enhanced International ETF	2.89%	2.99%	3.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIDU Fidelity MSCI Industrials Index ETF	0.95%	1.02%	1.42%	1.42%	1.48%	1.12%	1.28%	1.73%	1.99%	1.60%	1.63%	1.98%

Frequently Asked Questions

Can I hold both FENI and FIDU in my portfolio?

FENI and FIDU have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FENI or FIDU?

FIDU has higher volatility (5.09%) compared to FENI (4.89%). In terms of maximum drawdown, FENI dropped -14.20% vs FIDU's -42.31%.

Which ETF is better, FENI or FIDU?

On 1-year performance, FENI leads with 28.22% vs 21.56% for FIDU. On fees, FIDU is cheaper at 0.08% per year. On volatility, FENI has been the lower-risk option at 4.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FENI or FIDU?

Over the 1-year period, FENI has performed better with a 28.22% return vs 21.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FENI or FIDU?

FIDU is cheaper with a 0.08% expense ratio, compared with 0.28% for FENI.

Which ETF pays a higher dividend yield, FENI or FIDU?

FENI has the higher dividend yield at 2.89%, compared with 0.95% for FIDU.

What is the main difference between FENI and FIDU?

FENI is categorized as Foreign Large Cap Equities, while FIDU is Industrials Equities. Their fees differ too: 0.28% for FENI and 0.08% for FIDU.

Which has better risk-adjusted returns?

FENI currently has the higher Sharpe Ratio (1.72 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.