FENIvsEFAETF Comparison
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Fidelity Enhanced International ETF (FENI) and iShares MSCI EAFE ETF (EFA) 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 0.32% for EFA. FENI is up 12.14% year-to-date (YTD) with +$4.67B in YTD flows. EFA performs worse with 10.92% YTD performance, and +$482M in YTD flows. Run a side-by-side ETF comparison of FENI and EFA 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 EFA 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 EFA | -3.50%-3.29% | +0.23%+0.49% | +12.14%+10.92% | +18.25%+15.92% | n/a+61.86% | n/a+50.65% |
| Flows | FENI EFA | +$124M- | +$1.31B+$128M | +$4.67B+$482M | +$6.18B+$1.73B | -+$5.28B | -+$2.46B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FENI EFA | +10.90%+13.21% | +13.45%+15.80% | n/a+15.06% | n/a+16.35% |
| Max drawdown | FENI EFA | -3.54%-3.60% | -10.62%-11.39% | n/a-13.68% | n/a-29.16% |
| Max drawdown duration | FENI EFA | 31d22d | 103d107d | n/a41d | n/a828d |
Trading data
FENI | EFA | |
Last sale 9/17/2026 at 6:10 PM | $40.83 | $106.00 |
| Previous close 09/16/2026 | $40.40 | $105.02 |
| 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 | EFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/17/2026 at 6:10 PM
Live
Closed
FENI | EFA | |
|---|---|---|
| Last price | $40.83 | $106.00 |
| 1D performance | +1.06% | +0.93% |
| AuM | $11.35 B | $77.37 B |
| E/R | 0.28% | 0.32% |
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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%
EFA
Japan
22.87%
United Kingdom
14.01%
Switzerland
10.07%
France
8.88%
Germany
8.81%
Other
35.35%
Sectors
FENI
Finance
28.71%
Industrials
18.26%
Technology
12.81%
Healthcare
9.29%
Consumer Non-Cycl.
8.11%
Other
22.82%
EFA
Finance
28.05%
Industrials
15.97%
Technology
12.03%
Healthcare
10%
Consumer Non-Cycl.
8.32%
Other
25.63%
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Diversification
FENI
Total weight of top 15 holdings out of 15
21.4%
EFA
Total weight of top 15 holdings out of 15
18.34%
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%
EFA
ASML Holding NV
2.92%
HSBC Holdings Plc
1.67%
Roche Holding AG
1.40%
Novartis AG
1.31%
Nestlé SA
1.19%
AstraZeneca PLC
1.17%
Shell Plc
1.14%
Siemens AG
1.09%
Mitsubishi UFJ Financial Group, Inc.
1.07%
BHP Group Ltd.
0.96%
Commonwealth Bank of Australia
0.95%
Banco Santander SA
0.92%
Allianz SE
0.86%
SAP SE
0.85%
Toyota Motor Corp.
0.84%
Frequently asked questions about FENI and EFA
How have the FENI and EFA ETFs performed in 2026?
As of September 16, 2026, FENI is up 12.14% year-to-date (YTD), while EFA has returned 10.92%. That puts FENI better performer ahead so far this year.
Which ETF is attracting more investor money: FENI or EFA?
Year-to-date, the FENI ETF saw +$4.67B in flows, compared to +$482M for EFA.
Which ETF is more volatile: FENI or EFA?
Over the past year, FENI had a volatility of 13.45%, while EFA experienced 15.8%.
Which ETF is bigger: FENI or EFA?
As of September 16, 2026, FENI holds $11.35 B in assets under management (AUM), while EFA manages $77.37 B.
What sectors do the FENI and EFA ETFs invest in?
FENI leans toward sectors like Finance, Industrials and Technology. Meanwhile, EFA focuses on Finance, Industrials and Technology.
What are the top holdings of the FENI ETF and EFA ETF?
FENI top holdings include ASML Holding NV, Nestlé SA and Roche Holding AG. EFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: FENI or EFA?
FENI holds 368 securities with 21.4% of its assets in the top 15. EFA has 674 securities and a top 15 weight of 18.34%.
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Latest news about FENI & EFA
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