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 6.66% year-to-date (YTD) with +$2.71B in YTD flows. HEFA performs worse with 6.19% YTD performance, and -$94M 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 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FENI HEFA | +7.08%+6.43% | +0.81%+2.52% | +6.66%+6.19% | +30.83%+26.98% | n/a+60.15% | n/a+85.31% |
| Flows | FENI HEFA | +$459M-$14M | +$2.06B-$109M | +$2.71B-$94M | +$5.60B-$2.05B | -+$1.55B | -+$2.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FENI HEFA | +18.68%+17.19% | +13.01%+12.31% | n/a+13.35% | n/a+13.80% |
| Max drawdown | FENI HEFA | -10.62%-9.45% | -10.62%-9.45% | n/a-14.34% | n/a-14.65% |
| Max drawdown duration | FENI HEFA | 58d61d | 58d61d | n/a65d | n/a381d |
Trading data
FENI | HEFA | |
Last sale 4/28/2026 at 7:59 PM | $38.77 | $43.79 |
| Previous close 04/28/2026 | $38.90 | $43.90 |
| 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 | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 7:59 PM
Live
Closed
FENI | HEFA | |
|---|---|---|
| Last price | $38.77 | $43.79 |
| 1D performance | -0.33% | -0.25% |
| AuM | $9.01 B | $7.00 B |
| E/R | 0.28% | 0.7% |
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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%
HEFA
Japan
22.39%
United Kingdom
14.42%
Switzerland
9.4%
France
9.32%
Germany
8.91%
Other
35.57%
Sectors
FENI
Financials
22.01%
Industrials
19.89%
Information Techn.
8.87%
Consumer Discreti.
8.7%
Other
40.52%
HEFA
Financials
23.43%
Industrials
18.27%
Information Techn.
8.48%
Consumer Discreti.
8.24%
Health Care
8.03%
Other
33.55%
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Diversification
FENI
Total weight of top 15 holdings out of 15
20.6%
HEFA
Total weight of top 15 holdings out of 15
17.81%
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%
HEFA
ASML HOLDING
2.48%
ASTRAZENECA
1.49%
NOVARTIS
1.41%
HSBC HOLDINGS
1.37%
CH1499059983
1.36%
SHELL PLC
1.33%
NESTLE SA
1.24%
COMMONWEALTH BANK OF AUSTRALIA
0.95%
TOYOTA
0.93%
TOTALENERGIES SE
0.91%
MITSUBISHI UFJ FINANCIAL GROUP
0.91%
SIEMENS
0.89%
SAP SE
0.87%
BHP GROUP LTD
0.87%
BANCO SANTANDER SA
0.79%
Frequently asked questions about FENI and HEFA
How have the FENI and HEFA ETFs performed in 2026?
As of April 28, 2026, FENI is up 6.66% year-to-date (YTD), while HEFA has returned 6.19%. That puts FENI better performer ahead so far this year.
Which ETF is attracting more investor money: FENI or HEFA?
Year-to-date, the FENI ETF saw +$2.71B in flows, compared to -$94M for HEFA.
Which ETF is more volatile: FENI or HEFA?
Over the past year, FENI had a volatility of 13.01%, while HEFA experienced 12.31%.
Which ETF is bigger: FENI or HEFA?
As of April 28, 2026, FENI holds $9.01 B in assets under management (AUM), while HEFA manages $7.00 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, NOVARTIS and HSBC HOLDINGS. HEFA holds in its top three: ASML HOLDING, ASTRAZENECA and NOVARTIS.
Which ETF is more diversified: FENI or HEFA?
FENI holds 324 securities with 20.6% of its assets in the top 15. HEFA has 690 securities and a top 15 weight of 17.81%.
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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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