FENIvsDBEFETF Comparison
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Fidelity Enhanced International ETF (FENI) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. FENI is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.35% for DBEF. FENI is up 12.14% year-to-date (YTD) with +$4.67B in YTD flows. DBEF performs better with 13.51% YTD performance, and -$66M in YTD flows. Run a side-by-side ETF comparison of FENI and DBEF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FENI vs DBEF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FENI DBEF | -3.50%-2.73% | +0.23%+1.17% | +12.14%+13.51% | +18.25%+22.30% | n/a+65.13% | n/a+85.10% |
| Flows | FENI DBEF | +$124M+$22M | +$1.31B+$121M | +$4.67B-$66M | +$6.18B-$280M | -+$1.90B | -+$2.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FENI DBEF | +10.90%+8.53% | +13.45%+10.93% | n/a+11.75% | n/a+11.97% |
| Max drawdown | FENI DBEF | -3.54%-3.42% | -10.62%-9.03% | n/a-14.53% | n/a-14.56% |
| Max drawdown duration | FENI DBEF | 31d34d | 103d81d | n/a73d | n/a385d |
Trading data
FENI | DBEF | |
Last sale 9/17/2026 at 4:55 PM | $40.83 | $55.29 |
| Previous close 09/16/2026 | $40.40 | $54.77 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FENI
is actively managed and doesn’t replicate an indexFENI | DBEF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 4:55 PM
Live
Closed
FENI | DBEF | |
|---|---|---|
| Last price | $40.83 | $55.29 |
| 1D performance | +1.05% | +0.95% |
| AuM | $11.35 B | $9.20 B |
| E/R | 0.28% | 0.35% |
Characteristics
FENI | DBEF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fidelity | Xtrackers by DWS |
| Benchmark | - | MSCI EAFE Index |
| N° of holdings | 347 | 824 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2023 | June 8, 2011 |
| ESG | No | No |
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Exposure
Countries
FENI
Japan
21.81%
United Kingdom
14.1%
Switzerland
9.7%
France
8.87%
Germany
8.69%
Other
36.84%
DBEF
Japan
22.26%
United Kingdom
13.83%
Switzerland
10.07%
France
8.73%
Germany
8.64%
Other
36.47%
Sectors
FENI
Finance
28.71%
Industrials
18.26%
Technology
12.81%
Healthcare
9.29%
Consumer Non-Cycl.
8.11%
Other
22.82%
DBEF
Finance
27.66%
Industrials
15.45%
Technology
11.74%
Healthcare
10.04%
Consumer Non-Cycl.
8.21%
Other
26.89%
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Diversification
FENI
Total weight of top 15 holdings out of 15
21.4%
DBEF
Total weight of top 15 holdings out of 15
18.07%
Top 15 holdings
Data as of July 31, 2026
FENI
ASML Holding NV
3.37%
Nestlé SA
1.77%
Roche Holding AG
1.76%
Siemens AG
1.48%
Mitsubishi UFJ Financial Group, Inc.
1.45%
UBS Group AG
1.30%
Banco Bilbao Vizcaya Argentaria SA
1.28%
Novartis AG
1.23%
Rolls-Royce Holdings Plc
1.21%
HSBC Holdings Plc
1.19%
Iberdrola SA
1.16%
Banco Santander SA
1.08%
Deutsche Telekom AG
1.08%
BNP Paribas SA
1.02%
Siemens Energy AG
1.02%
DBEF
ASML Holding NV
2.79%
HSBC Holdings Plc
1.61%
Roche Holding AG
1.44%
Novartis AG
1.34%
Nestlé SA
1.19%
AstraZeneca PLC
1.18%
Shell Plc
1.09%
Mitsubishi UFJ Financial Group, Inc.
1.08%
Siemens AG
1.04%
BHP Group Ltd.
0.96%
Commonwealth Bank of Australia
0.95%
Banco Santander SA
0.91%
SAP SE
0.86%
Allianz SE
0.85%
Toyota Motor Corp.
0.79%
Frequently asked questions about FENI and DBEF
How have the FENI and DBEF ETFs performed in 2026?
As of September 16, 2026, FENI is up 12.14% year-to-date (YTD), while DBEF has returned 13.51%. That puts DBEF better performer ahead so far this year.
Which ETF is attracting more investor money: FENI or DBEF?
Year-to-date, the FENI ETF saw +$4.67B in flows, compared to -$66M for DBEF.
Which ETF is more volatile: FENI or DBEF?
Over the past year, FENI had a volatility of 13.45%, while DBEF experienced 10.93%.
Which ETF is bigger: FENI or DBEF?
As of September 16, 2026, FENI holds $11.35 B in assets under management (AUM), while DBEF manages $9.20 B.
What sectors do the FENI and DBEF ETFs invest in?
FENI leans toward sectors like Finance, Industrials and Technology. Meanwhile, DBEF focuses on Finance, Industrials and Technology.
What are the top holdings of the FENI ETF and DBEF ETF?
FENI top holdings include ASML Holding NV, Nestlé SA and Roche Holding AG. DBEF holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: FENI or DBEF?
FENI holds 368 securities with 21.4% of its assets in the top 15. DBEF has 834 securities and a top 15 weight of 18.07%.
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