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: Financials, Industrials and Information Technology. FENI is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.35% for DBEF. FENI is up 6.66% year-to-date (YTD) with +$2.71B in YTD flows. DBEF performs worse with 5.95% YTD performance, and -$188M 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 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FENI DBEF | +7.08%+5.35% | +0.81%+2.95% | +6.66%+5.95% | +30.83%+27.24% | n/a+59.90% | n/a+84.00% |
| Flows | FENI DBEF | +$459M-$125M | +$2.06B-$247M | +$2.71B-$188M | +$5.60B-$593M | -+$2.07B | -+$2.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FENI DBEF | +18.68%+15.61% | +13.01%+10.59% | n/a+11.78% | n/a+12.00% |
| Max drawdown | FENI DBEF | -10.62%-9.03% | -10.62%-9.03% | n/a-14.53% | n/a-14.56% |
| Max drawdown duration | FENI DBEF | 58d58d | 58d58d | n/a73d | n/a385d |
Trading data
FENI | DBEF | |
Last sale 4/29/2026 at 1:30 PM | $38.36 | $50.57 |
| Previous close 04/28/2026 | $38.78 | $50.91 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 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 4/29/2026 at 1:30 PM
Live
Closed
FENI | DBEF | |
|---|---|---|
| Last price | $38.36 | $50.57 |
| 1D performance | -1.08% | -0.67% |
| AuM | $9.01 B | $8.48 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 | 292 | 652 |
| 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
22.39%
United Kingdom
12.16%
Germany
9.53%
France
9.09%
Switzerland
8.04%
Netherlands
7.04%
Other
31.75%
DBEF
Japan
23.04%
United Kingdom
14.32%
Switzerland
9.22%
France
9.09%
Germany
8.68%
Other
35.65%
Sectors
FENI
Financials
22.01%
Industrials
19.89%
Information Techn.
8.87%
Consumer Discreti.
8.7%
Other
40.52%
DBEF
Financials
23.18%
Industrials
18.28%
Information Techn.
8.53%
Consumer Discreti.
8.47%
Health Care
7.91%
Other
33.63%
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Diversification
FENI
Total weight of top 15 holdings out of 15
20.6%
DBEF
Total weight of top 15 holdings out of 15
17.68%
Top 15 holdings
Data as of March 31, 2026
FENI
ASML HOLDING
3.13%
NOVARTIS
1.56%
HSBC HOLDINGS
1.45%
CH1499059983
1.42%
SIEMENS
1.34%
SHELL PLC
1.30%
IBERDROLA SA
1.23%
SIEMENS ENERGY AG
1.18%
HITACHI
1.18%
DEUTSCHE TELEKOM AG
1.16%
TOYOTA
1.16%
ABB
1.13%
NESTLE SA
1.13%
ROLLS-ROYCE HOLDINGS
1.12%
BANCO SANTANDER SA
1.11%
DBEF
ASML HOLDING
2.51%
ASTRAZENECA
1.44%
NOVARTIS
1.39%
CH1499059983
1.35%
HSBC HOLDINGS
1.34%
SHELL PLC
1.29%
NESTLE SA
1.21%
TOYOTA
0.99%
COMMONWEALTH BANK OF AUSTRALIA
0.98%
MITSUBISHI UFJ FINANCIAL GROUP
0.94%
TOTALENERGIES SE
0.88%
SIEMENS
0.88%
BHP GROUP LTD
0.86%
SAP SE
0.84%
BANCO SANTANDER SA
0.78%
Frequently asked questions about FENI and DBEF
How have the FENI and DBEF ETFs performed in 2026?
As of April 28, 2026, FENI is up 6.66% year-to-date (YTD), while DBEF has returned 5.95%. That puts FENI better performer ahead so far this year.
Which ETF is attracting more investor money: FENI or DBEF?
Year-to-date, the FENI ETF saw +$2.71B in flows, compared to -$188M for DBEF.
Which ETF is more volatile: FENI or DBEF?
Over the past year, FENI had a volatility of 13.01%, while DBEF experienced 10.59%.
Which ETF is bigger: FENI or DBEF?
As of April 28, 2026, FENI holds $9.01 B in assets under management (AUM), while DBEF manages $8.48 B.
What sectors do the FENI and DBEF ETFs invest in?
FENI leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, DBEF focuses on Financials, Industrials and Information Technology.
What are the top holdings of the FENI ETF and DBEF ETF?
FENI top holdings include ASML HOLDING, NOVARTIS and HSBC HOLDINGS. DBEF holds in its top three: ASML HOLDING, ASTRAZENECA and NOVARTIS.
Which ETF is more diversified: FENI or DBEF?
FENI holds 324 securities with 20.6% of its assets in the top 15. DBEF has 694 securities and a top 15 weight of 17.68%.
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