Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
EFA vs FENI: how they differ
EFA and FENI hold 12% of their weight in the same names, and FENI returned more over the year.
iShares MSCI EAFE ETF and Fidelity Enhanced International ETF.
What they hold in common
By the books each fund has filed, EFA and FENI hold 12% of their money in the same securities at the same weight.
| Holding | EFA | FENI |
|---|---|---|
| HSBC HOLDINGS PLC | 1.47% | 1.33% |
| SHELL PLC | 1.20% | 1.00% |
| ASTRAZENECA PLC | 1.36% | 0.82% |
| TOTALENERGIES SE | 0.86% | 0.65% |
| ROLLS-ROYCE HOLDINGS PLC | 0.63% | 1.09% |
| SAFRAN SA | 0.53% | 0.57% |
| INTESA SANPAOLO SPA | 0.44% | 0.95% |
| BAE SYSTEMS PLC | 0.39% | 0.51% |
| LLOYDS BANKING GROUP PLC | 0.37% | 0.95% |
| NATIONAL GRID PLC | 0.41% | 0.30% |
| NATWEST GROUP PLC | 0.30% | 0.72% |
| ENGIE SA | 0.28% | 0.41% |
| Only in EFA | Only in FENI |
|---|---|
| ASML Holding N.V. 2.60% | ASML HOLDING NV 4.11% |
| Novartis AG 1.30% | NESTLE SA 1.77% |
| Nestle S.A. 1.21% | SIEMENS AG 1.63% |
| Siemens Aktiengesellschaft 1.05% | TOKYO ELECTRON LTD 1.46% |
| COMMONWEALTH BANK OF AUSTRALIA 0.98% | ABB LTD 1.34% |
| Mitsubishi UFJ Financial Group, Inc. 0.94% | IBERDROLA SA 1.23% |
| BHP GROUP LIMITED 0.93% | BANCO BILBAO VIZCAYA ARGENTARIA S.A 1.22% |
| TOYOTA MOTOR CORPORATION 0.84% | UBS GROUP AG 1.22% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| EFA iShares MSCI EAFE ETF | FENI Fidelity Enhanced International ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Fidelity |
| What it is | Developed markets ex US | Enhanced International |
| Total return, 1 year | +18.2% | +19.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.7 pts | +1.9 pts |
| Expense ratio | 0.32% | 0.28% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 705 | 392 |
EFA in plain words
EFA is an index equity fund tracking the Developed markets ex US. Over the year to Sep 11, 2026 it returned +18.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 705 positions, with the top ten at 13.4%.
FENI in plain words
FENI is an index equity fund tracking the Enhanced International. Over the year to Sep 11, 2026 it returned +19.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 392 positions, with the top ten at 16.7%.
Questions people ask
- Which returned more over the last year, EFA or FENI?
- In the year to Sep 12, 2026, with distributions reinvested, EFA returned +18.2% and FENI returned +19.4%, so FENI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EFA or FENI?
- EFA charges 0.32% a year and FENI charges 0.28%, so FENI is cheaper. Fees come from each fund's prospectus.
- How much do EFA and FENI overlap with the S&P 500?
- By their latest filed holdings, 0% of EFA and 0% of FENI by weight is stocks the S&P 500 already holds. Between the two funds, 12% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EFA against FENI, data as of Sep 12, 2026. https://etfiq.com/compare/any/EFA-FENI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources