FENI vs. IEFA
Compare and contrast key facts about Fidelity Enhanced International ETF (FENI) and iShares Core MSCI EAFE ETF (IEFA).
FENI and IEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FENI is a passively managed fund by Fidelity that tracks the performance of the MSCI EAFE Index. It was launched on Dec 20, 2007. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. Both FENI and IEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FENI or IEFA.
Correlation
The correlation between FENI and IEFA is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FENI vs. IEFA - Performance Comparison
Key characteristics
FENI:
0.94
IEFA:
0.72
FENI:
1.35
IEFA:
1.07
FENI:
1.17
IEFA:
1.13
FENI:
1.20
IEFA:
0.90
FENI:
2.83
IEFA:
2.15
FENI:
4.22%
IEFA:
4.29%
FENI:
12.79%
IEFA:
12.91%
FENI:
-9.95%
IEFA:
-34.79%
FENI:
-4.07%
IEFA:
-4.16%
Returns By Period
The year-to-date returns for both investments are quite close, with FENI having a 5.59% return and IEFA slightly higher at 5.72%.
FENI
5.59%
5.59%
3.98%
12.47%
N/A
N/A
IEFA
5.72%
5.72%
3.63%
9.92%
6.29%
5.83%
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FENI vs. IEFA - Expense Ratio Comparison
FENI has a 0.28% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Risk-Adjusted Performance
FENI vs. IEFA — Risk-Adjusted Performance Rank
FENI
IEFA
FENI vs. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced International ETF (FENI) and iShares Core MSCI EAFE ETF (IEFA). 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.
Dividends
FENI vs. IEFA - Dividend Comparison
FENI's dividend yield for the trailing twelve months is around 2.86%, less than IEFA's 3.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENI Fidelity Enhanced International ETF | 2.86% | 3.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEFA iShares Core MSCI EAFE ETF | 3.28% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% |
Drawdowns
FENI vs. IEFA - Drawdown Comparison
The maximum FENI drawdown since its inception was -9.95%, smaller than the maximum IEFA drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for FENI and IEFA. For additional features, visit the drawdowns tool.
Volatility
FENI vs. IEFA - Volatility Comparison
Fidelity Enhanced International ETF (FENI) and iShares Core MSCI EAFE ETF (IEFA) have volatilities of 3.41% and 3.47%, 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.