FENIvsHEFAETF Comparison
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Fidelity Enhanced International ETF (FENI) and iShares Currency Hedged MSCI EAFE ETF (HEFA) 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 0.7% for HEFA. FENI is up 11.6% year-to-date (YTD) with +$3.57B in YTD flows. HEFA performs better with 13.61% YTD performance, and -$240M in YTD flows. Run a side-by-side ETF comparison of FENI and HEFA 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 HEFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FENI HEFA | +3.44%+5.24% | +8.13%+10.81% | +11.60%+13.61% | +28.44%+29.07% | n/a+68.19% | n/a+93.25% |
| Flows | FENI HEFA | +$451M-$106M | +$1.55B-$232M | +$3.57B-$240M | +$6.07B-$508M | -+$1.36B | -+$2.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FENI HEFA | +16.64%+17.34% | +13.36%+12.95% | n/a+13.52% | n/a+13.94% |
| Max drawdown | FENI HEFA | -3.48%-3.61% | -10.62%-9.45% | n/a-14.34% | n/a-14.65% |
| Max drawdown duration | FENI HEFA | 13d12d | 103d84d | n/a65d | n/a381d |
Trading data
FENI | HEFA | |
Last sale 6/18/2026 at 1:30 PM | $40.32 | $46.96 |
| Previous close 06/18/2026 | $40.46 | $46.48 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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FENI
is actively managed and doesn’t replicate an indexFENI | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
FENI | HEFA | |
|---|---|---|
| Last price | $40.32 | $46.96 |
| 1D performance | -0.35% | +1.03% |
| AuM | $10.20 B | $7.34 B |
| E/R | 0.28% | 0.7% |
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Exposure
Countries
FENI
Japan
21.68%
United Kingdom
12.09%
Germany
9.43%
France
9.38%
Switzerland
8.07%
Netherlands
7.27%
Other
32.08%
HEFA
Japan
22.9%
United Kingdom
14.39%
Switzerland
9.3%
France
9.11%
Germany
9.02%
Other
35.27%
Sectors
FENI
Financials
22.45%
Industrials
20.39%
Information Techn.
9.44%
Consumer Discreti.
8.44%
Other
39.28%
HEFA
Financials
23.82%
Industrials
18.8%
Information Techn.
9.46%
Consumer Discreti.
8.19%
Health Care
7.4%
Other
32.33%
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Diversification
FENI
Total weight of top 15 holdings out of 15
20.8%
HEFA
Total weight of top 15 holdings out of 15
17.65%
Top 15 holdings
Data as of April 30, 2026
FENI
ASML HOLDING
3.10%
CH1499059983
1.66%
SIEMENS
1.59%
HSBC HOLDINGS
1.51%
SIEMENS ENERGY AG
1.37%
ABB
1.32%
HITACHI
1.25%
IBERDROLA SA
1.23%
SHELL PLC
1.19%
UBS GROUP AG
1.16%
BHP GROUP LTD
1.13%
BANCO SANTANDER SA
1.08%
ROLLS-ROYCE HOLDINGS
1.08%
BBVA
1.07%
SONY GROUP CORPORATION
1.06%
HEFA
ASML HOLDING
2.58%
HSBC HOLDINGS
1.46%
ASTRAZENECA
1.36%
CH1499059983
1.33%
NOVARTIS
1.31%
NESTLE SA
1.21%
SHELL PLC
1.19%
SIEMENS
1.04%
COMMONWEALTH BANK OF AUSTRALIA
0.97%
MITSUBISHI UFJ FINANCIAL GROUP
0.94%
BHP GROUP LTD
0.91%
TOTALENERGIES SE
0.86%
TOYOTA
0.85%
BANCO SANTANDER SA
0.83%
SAP SE
0.83%
Frequently asked questions about FENI and HEFA
How have the FENI and HEFA ETFs performed in 2026?
As of June 18, 2026, FENI is up 11.6% year-to-date (YTD), while HEFA has returned 13.61%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: FENI or HEFA?
Year-to-date, the FENI ETF saw +$3.57B in flows, compared to -$240M for HEFA.
Which ETF is more volatile: FENI or HEFA?
Over the past year, FENI had a volatility of 13.36%, while HEFA experienced 12.95%.
Which ETF is bigger: FENI or HEFA?
As of June 18, 2026, FENI holds $10.20 B in assets under management (AUM), while HEFA manages $7.34 B.
What sectors do the FENI and HEFA ETFs invest in?
FENI leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, HEFA focuses on Financials, Industrials and Information Technology.
What are the top holdings of the FENI ETF and HEFA ETF?
FENI top holdings include ASML HOLDING, CH1499059983 and SIEMENS. HEFA holds in its top three: ASML HOLDING, HSBC HOLDINGS and ASTRAZENECA.
Which ETF is more diversified: FENI or HEFA?
FENI holds 343 securities with 20.8% of its assets in the top 15. HEFA has 691 securities and a top 15 weight of 17.65%.
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Latest news about FENI & HEFA
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FENI
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FENI
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