FENI vs. VEA
Compare and contrast key facts about Fidelity Enhanced International ETF (FENI) and Vanguard FTSE Developed Markets ETF (VEA).
FENI and VEA 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. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both FENI and VEA 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 VEA.
Key characteristics
| FENI | VEA | |
|---|---|---|
| YTD Return | 9.28% | 5.72% |
| Daily Std Dev | 10.48% | 12.77% |
| Max Drawdown | -4.76% | -60.70% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between FENI and VEA 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. VEA - Performance Comparison
In the year-to-date period, FENI achieves a 9.28% return, which is significantly higher than VEA's 5.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FENI vs. VEA - Expense Ratio Comparison
FENI has a 0.28% expense ratio, which is higher than VEA's 0.05% expense ratio.
Risk-Adjusted Performance
FENI vs. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced International ETF (FENI) and Vanguard FTSE Developed Markets ETF (VEA). 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.
Not enough dataDividends
FENI vs. VEA - Dividend Comparison
FENI's dividend yield for the trailing twelve months is around 0.81%, less than VEA's 3.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENI Fidelity Enhanced International ETF | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEA Vanguard FTSE Developed Markets ETF | 3.25% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
FENI vs. VEA - Drawdown Comparison
The maximum FENI drawdown since its inception was -4.76%, smaller than the maximum VEA drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for FENI and VEA. For additional features, visit the drawdowns tool.
Volatility
FENI vs. VEA - Volatility Comparison
Fidelity Enhanced International ETF (FENI) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 3.20% and 3.25%, 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.