Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FENI vs QUAL: how they differ
FENI and QUAL hold 0% of their weight in the same names, and FENI returned more over the year.
Fidelity Enhanced International ETF and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, FENI and QUAL hold 0% of their money in the same securities at the same weight.
| Only in FENI | Only in QUAL |
|---|---|
| ASML HOLDING NV 4.11% | NVIDIA CORPORATION 6.52% |
| NESTLE SA 1.77% | APPLE INC. 6.28% |
| SIEMENS AG 1.63% | MICROSOFT CORPORATION 5.05% |
| TOKYO ELECTRON LTD 1.46% | META PLATFORMS, INC. 3.50% |
| ABB LTD 1.34% | LAM RESEARCH CORPORATION 3.23% |
| HSBC HOLDINGS PLC 1.33% | THE TJX COMPANIES, INC. 3.19% |
| IBERDROLA SA 1.23% | VISA INC. 3.09% |
| BANCO BILBAO VIZCAYA ARGENTARIA S.A 1.22% | ELI LILLY AND COMPANY 2.92% |
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.
| FENI Fidelity Enhanced International ETF | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | iShares |
| What it is | Enhanced International | MSCI USA Quality Factor |
| Total return, 1 year | +19.4% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.9 pts | −1.5 pts |
| Expense ratio | 0.28% | 0.15% |
| Already in the S&P 500 | 0.0% | 98.9% |
| Holdings | 392 | 121 |
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%.
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FENI or QUAL?
- In the year to Sep 12, 2026, with distributions reinvested, FENI returned +19.4% and QUAL returned +16.0%, so FENI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FENI or QUAL?
- FENI charges 0.28% a year and QUAL charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do FENI and QUAL overlap with the S&P 500?
- By their latest filed holdings, 0% of FENI and 99% of QUAL by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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, FENI against QUAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/FENI-QUAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources