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 FTSE Developed All Cap ex US 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.
Performance
FENI vs. VEA - Performance Comparison
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FENI vs. VEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FENI Fidelity Enhanced International ETF | 4.43% | 37.27% | 6.95% | 5.33% |
VEA Vanguard FTSE Developed Markets ETF | 4.45% | 35.16% | 3.15% | 6.19% |
Returns By Period
The year-to-date returns for both investments are quite close, with FENI having a 4.43% return and VEA slightly higher at 4.45%.
FENI
- 1D
- 1.94%
- 1M
- -4.40%
- YTD
- 4.43%
- 6M
- 8.74%
- 1Y
- 31.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEA
- 1D
- 1.65%
- 1M
- -5.45%
- YTD
- 4.45%
- 6M
- 9.91%
- 1Y
- 31.74%
- 3Y*
- 16.71%
- 5Y*
- 8.93%
- 10Y*
- 9.55%
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FENI vs. VEA - Expense Ratio Comparison
FENI has a 0.28% expense ratio, which is higher than VEA's 0.03% expense ratio.
Return for Risk
FENI vs. VEA — Risk / Return Rank
FENI
VEA
FENI vs. VEA - Risk-Adjusted Trends 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.
| FENI | VEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.81 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.39 | 2.46 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.77 | -0.01 |
Martin ratioReturn relative to average drawdown | 10.55 | 10.77 | -0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FENI | VEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.81 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 0.22 | +1.26 |
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.
Dividends
FENI vs. VEA - Dividend Comparison
FENI's dividend yield for the trailing twelve months is around 3.03%, more than VEA's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENI Fidelity Enhanced International ETF | 3.03% | 2.99% | 3.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEA Vanguard FTSE Developed Markets ETF | 2.88% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Drawdowns
FENI vs. VEA - Drawdown Comparison
The maximum FENI drawdown since its inception was -14.20%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for FENI and VEA.
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Drawdown Indicators
| FENI | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.20% | -60.68% | +46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -11.63% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.73% | — |
Current DrawdownCurrent decline from peak | -6.53% | -7.20% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -13.39% | +11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.99% | +0.01% |
Volatility
FENI vs. VEA - Volatility Comparison
Fidelity Enhanced International ETF (FENI) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 7.81% and 7.92%, 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.
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Volatility by Period
| FENI | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.81% | 7.92% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 11.68% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 17.67% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 16.30% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 17.26% | -1.92% |