Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FENI vs USMV: how they differ
FENI and USMV hold 0% of their weight in the same names, and FENI returned more over the year.
Fidelity Enhanced International ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, FENI and USMV hold 0% of their money in the same securities at the same weight.
| Only in FENI | Only in USMV |
|---|---|
| ASML HOLDING NV 4.11% | CISCO SYSTEMS, INC. 1.81% |
| NESTLE SA 1.77% | NVIDIA CORPORATION 1.64% |
| SIEMENS AG 1.63% | EXXON MOBIL CORPORATION 1.60% |
| TOKYO ELECTRON LTD 1.46% | MICROSOFT CORPORATION 1.56% |
| ABB LTD 1.34% | DUKE ENERGY CORPORATION 1.55% |
| HSBC HOLDINGS PLC 1.33% | THE SOUTHERN COMPANY 1.53% |
| IBERDROLA SA 1.23% | AMPHENOL CORPORATION 1.51% |
| BANCO BILBAO VIZCAYA ARGENTARIA S.A 1.22% | Chubb Limited 1.50% |
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 | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | iShares |
| What it is | Enhanced International | MSCI USA Min Vol Factor |
| Total return, 1 year | +19.4% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.9 pts | −10.9 pts |
| Expense ratio | 0.28% | 0.15% |
| Already in the S&P 500 | 0.0% | 94.8% |
| Holdings | 392 | 170 |
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%.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% 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, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, FENI or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, FENI returned +19.4% and USMV returned +6.6%, so FENI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FENI or USMV?
- FENI charges 0.28% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do FENI and USMV overlap with the S&P 500?
- By their latest filed holdings, 0% of FENI and 95% of USMV 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 USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/FENI-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources