REFAvsFENIETF Comparison
ETF 1
REFA
Columbia Research Enhanced International Equity ETF
This fund is part of
DM Large & Mid Cap
+0.21%
VS
Columbia Research Enhanced International Equity ETF (REFA) and Fidelity Enhanced International ETF (FENI) belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. REFA is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.28% for FENI. REFA is up 10.48% year-to-date (YTD) with +$3K in YTD flows. FENI performs better with 10.67% YTD performance, and +$5.13B in YTD flows. Run a side-by-side ETF comparison of REFA and FENI 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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REFA vs FENI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | REFA FENI | -1.56%-1.15% | +0.28%+0.37% | +10.48%+10.67% | n/a+14.17% | n/an/a | n/an/a |
| Flows | REFA FENI | -+$290M | -+$985M | +$3K+$5.13B | -+$6.11B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | REFA FENI | +10.05%+9.70% | n/a+13.56% | n/an/a | n/an/a |
| Max drawdown | REFA FENI | -5.56%-5.81% | n/a-10.62% | n/an/a | n/an/a |
| Max drawdown duration | REFA FENI | 64d73d | n/a103d | n/an/a | n/an/a |
Trading data
REFA | FENI | |
Last sale 10/28/2026 at 1:30 PM | $39.80 | |
| Previous close 10/28/2026 | $39.72 | |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FENI
is actively managed and doesn’t replicate an indexREFA | FENI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
REFA | FENI | |
|---|---|---|
| Last price | – | $39.80 |
| 1D performance | – | +0.20% |
| AuM | $5.66 M | $11.60 B |
| E/R | 0.32% | 0.28% |
Characteristics
REFA | FENI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Columbia Threadneedle Investments | Fidelity |
| Benchmark | Beta Advantage Research Enhanced International Equity Index | - |
| N° of holdings | 211 | 344 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2025 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
REFA
Japan
26.58%
United Kingdom
14.86%
France
8.26%
Germany
7.46%
Australia
7.41%
Switzerland
7.17%
Other
28.26%
FENI
Japan
22.21%
United Kingdom
13.27%
Switzerland
9.7%
France
8.98%
Germany
8.92%
Netherlands
7.17%
Other
29.75%
Sectors
REFA
Finance
25.42%
Industrials
16.45%
Technology
13.7%
Healthcare
12.32%
Non-Energy Materi.
7.91%
Other
24.2%
FENI
Finance
28.55%
Industrials
18.56%
Technology
14.2%
Healthcare
9.46%
Other
29.23%
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Diversification
REFA
Total weight of top 15 holdings out of 15
33.33%
FENI
Total weight of top 15 holdings out of 15
21.58%
Top 15 holdings
Data as of August 31, 2026
REFA
ASML Holding NV
3.63%
BHP Group Ltd.
3.23%
Roche Holding AG
3.19%
Novartis AG
2.81%
Hitachi Ltd.
2.54%
Recruit Holdings Co., Ltd.
2.34%
HSBC Holdings Plc
2.30%
Safran SA
1.85%
Advantest Corp.
1.84%
Tokyo Electron Ltd.
1.78%
Siemens Energy AG
1.75%
Shell Plc
1.66%
BNP Paribas SA
1.55%
Fast Retailing Co., Ltd.
1.51%
Deutsche Telekom AG
1.35%
FENI
ASML Holding NV
3.56%
Roche Holding AG
1.68%
Nestlé SA
1.65%
Siemens AG
1.52%
UBS Group AG
1.33%
Banco Bilbao Vizcaya Argentaria SA
1.30%
Novartis AG
1.29%
Rolls-Royce Holdings Plc
1.28%
Mitsubishi UFJ Financial Group, Inc.
1.20%
Sony Group Corp.
1.17%
HSBC Holdings Plc
1.16%
Iberdrola SA
1.14%
Recruit Holdings Co., Ltd.
1.11%
Advantest Corp.
1.10%
Siemens Energy AG
1.09%
Frequently asked questions about REFA and FENI
How have the REFA and FENI ETFs performed in 2026?
As of October 28, 2026, REFA is up 10.48% year-to-date (YTD), while FENI has returned 10.67%. That puts FENI better performer ahead so far this year.
Which ETF is attracting more investor money: REFA or FENI?
Year-to-date, the REFA ETF saw +$3K in flows, compared to +$5.13B for FENI.
Which ETF is bigger: REFA or FENI?
As of October 28, 2026, REFA holds $5.66 M in assets under management (AUM), while FENI manages $11.60 B.
What sectors do the REFA and FENI ETFs invest in?
REFA leans toward sectors like Finance, Industrials and Technology. Meanwhile, FENI focuses on Finance, Industrials and Technology.
What are the top holdings of the REFA ETF and FENI ETF?
REFA top holdings include ASML Holding NV, BHP Group Ltd. and Roche Holding AG. FENI holds in its top three: ASML Holding NV, Roche Holding AG and Nestlé SA.
Which ETF is more diversified: REFA or FENI?
REFA holds 211 securities with 33.33% of its assets in the top 15. FENI has 365 securities and a top 15 weight of 21.58%.
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Latest news about REFA & FENI
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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