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: Finance, Industrials and Technology. FENI is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.7% for HEFA. FENI is up 10.66% year-to-date (YTD) with +$5.16B in YTD flows. HEFA performs better with 13.7% YTD performance, and +$66M 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 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FENI HEFA | -0.78%-0.25% | -1.51%-1.00% | +10.66%+13.70% | +15.03%+16.74% | n/a+74.59% | n/a+83.69% |
| Flows | FENI HEFA | +$282M+$98M | +$985M+$48M | +$5.16B+$66M | +$6.11B+$98M | -+$1.48B | -+$2.37B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FENI HEFA | +9.08%+9.48% | +13.56%+13.20% | n/a+13.49% | n/a+13.95% |
| Max drawdown | FENI HEFA | -5.81%-4.23% | -10.62%-9.45% | n/a-14.34% | n/a-14.65% |
| Max drawdown duration | FENI HEFA | 75d78d | 103d84d | n/a65d | n/a381d |
Trading data
FENI | HEFA | |
Last sale 10/30/2026 at 1:30 PM | $39.61 | $46.30 |
| Previous close 10/29/2026 | $40.02 | $46.84 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 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 10/30/2026 at 1:30 PM
Live
Closed
FENI | HEFA | |
|---|---|---|
| Last price | $39.61 | $46.30 |
| 1D performance | -1.02% | -1.15% |
| AuM | $11.63 B | $7.54 B |
| E/R | 0.28% | 0.7% |
Exposure
Countries
FENI
Japan
23.24%
United Kingdom
13.23%
Switzerland
9.39%
Germany
9.02%
France
8.52%
Netherlands
7.03%
Other
29.57%
HEFA
Japan
24.68%
United Kingdom
13.71%
Switzerland
9.56%
Germany
8.46%
France
8.36%
Other
35.23%
Sectors
FENI
Finance
28.67%
Industrials
18.5%
Technology
14.44%
Healthcare
9.68%
Other
28.71%
HEFA
Finance
27.53%
Industrials
15.68%
Technology
13.59%
Healthcare
9.59%
Consumer Non-Cycl.
7.82%
Other
25.79%
Diversification
FENI
Total weight of top 15 holdings out of 15
21.35%
HEFA
Total weight of top 2 holdings out of 2
99.94%
Top 15 holdings
Data as of September 30, 2026
FENI
ASML Holding NV
3.41%
Roche Holding AG
1.70%
Nestlé SA
1.61%
Siemens AG
1.57%
Novartis AG
1.35%
Banco Bilbao Vizcaya Argentaria SA
1.32%
Mitsubishi UFJ Financial Group, Inc.
1.22%
Rolls-Royce Holdings Plc
1.20%
Iberdrola SA
1.18%
Sony Group Corp.
1.16%
HSBC Holdings Plc
1.15%
Banco Santander SA
1.13%
UBS Group AG
1.12%
Advantest Corp.
1.12%
Siemens Energy AG
1.12%
HEFA
US4642874659
99.89%
BlackRock Cash Funds - Treasury
0.05%
Frequently asked questions about FENI and HEFA
How have the FENI and HEFA ETFs performed in 2026?
As of October 30, 2026, FENI is up 10.66% year-to-date (YTD), while HEFA has returned 13.7%. 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 +$5.16B in flows, compared to +$66M for HEFA.
Which ETF is more volatile: FENI or HEFA?
Over the past year, FENI had a volatility of 13.56%, while HEFA experienced 13.2%.
Which ETF is bigger: FENI or HEFA?
As of October 30, 2026, FENI holds $11.63 B in assets under management (AUM), while HEFA manages $7.54 B.
What sectors do the FENI and HEFA ETFs invest in?
FENI leans toward sectors like Finance, Industrials and Technology. Meanwhile, HEFA focuses on Finance, Industrials and Technology.
What are the top holdings of the FENI ETF and HEFA ETF?
FENI top holdings include ASML Holding NV, Roche Holding AG and Nestlé SA. HEFA holds in its top three: US4642874659 and BlackRock Cash Funds - Treasury.
Which ETF is more diversified: FENI or HEFA?
FENI holds 370 securities with 21.35% of its assets in the top 15. HEFA has 658 securities and a top 15 weight of 99.94%.
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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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