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CWI vs FENI: Differences, Returns & Fees

CWI and FENI hold 37% of their weight in the same names, and CWI returned +17.8% over the year. Net assets: $2.9bn on Oct 8, 2026 for State Street SPDR MSCI ACWI ex-US ETF, and $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF.

FENI costs 0.02 points a year less; their one-year returns differ by 2.4 points.

CWIFENI
Expense ratio0.30%0.28%
Net assets, CWI as of Oct 8, 2026 and FENI as of Sep 30, 2026$2.9bn$11.5bn
Total return, 1 year+17.8%+15.4%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in common37%
Top ten holdings, share of the fund16.1%16.5%
Below its high3.9%, high on Sep 4, 20265.0%, high on Aug 13, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 8, 2026.

+17.8%
CWI total return, 1 year
+15.4%
FENI total return, 1 year
0.30%
CWI expense ratio
0.28%
FENI expense ratio

What they hold in common

By the books each fund has filed, CWI and FENI hold 37% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 8, 2026.

half

37% in common

Positions both hold, largest shared weight first
Holding CWI FENI
ASML HOLDING NV 2.00% 4.05%
HSBC HOLDINGS PLC 0.93% 1.31%
ROCHE HOLDING AG 0.85% 1.39%
SHELL PLC 0.78% 0.99%
NOVARTIS AG REG 0.72% 0.92%
MITSUBISHI UFJ FINANCIAL GRO 0.69% 0.73%
ASTRAZENECA PLC 0.65% 0.81%
NESTLE SA REG 0.65% 1.74%
SIEMENS AG REG 0.65% 1.61%
BHP GROUP LTD 0.60% 1.19%
BANCO SANTANDER SA 0.59% 0.88%
ABB LTD REG 0.54% 1.32%
Only in CWI
TAIWAN SEMICONDUCTOR MANUFAC 3.38%
SAMSUNG ELECTR GDR REG S 2.64%
TAIWAN SEMICONDUCTOR SP ADR 1.96%
SK HYNIX INC 1.88%
TENCENT HOLDINGS LTD 0.85%
ROYAL BANK OF CANADA 0.84%
TORONTO DOMINION BANK 0.63%
ALIBABA GROUP HOLDING LTD 0.58%
Only in FENI
NN GROUP NV 0.57%
GSK PLC 0.55%
SINGAPORE TECH ENGINEERING LTD 0.48%
SHELL PLC 0.48%
HSBC HOLDINGS PLC 0.45%
BRITISH AMERICAN TOBACCO PLC 0.44%
ENDESA SA 0.38%
YANGZIJIANG SHIPBUILDLING (HOLDINGS) LTD 0.37%

Check overlap with more funds →

On the same fields

CWI
State Street SPDR MSCI ACWI ex-US ETF
FENI
Fidelity Enhanced International ETF
Where it sits Stock ETF Stock ETF
Issuer State Street Fidelity
What it is Tracks an index Actively managed
Total return, 1 year +17.8% +15.4%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +0.6 pts −1.8 pts
Expense ratio 0.30% 0.28%
Already in the S&P 500 0.0% 0.0%
Holdings 1110 386
Net assets, CWI as of Oct 8, 2026 and FENI as of Sep 30, 2026 $2.9bn $11.5bn

CWI and FENI on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

CWI in plain words

CWI tracks an index. Over the year to Oct 9, 2026 it returned +17.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,110 positions, with the top ten at 16.1%. It sat 3.9% below its high of Sep 4, 2026 on Oct 9, 2026.

FENI in plain words

FENI is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +15.4% with distributions reinvested, against +17.3% for the S&P 500. 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 386 positions, with the top ten at 16.5%. It sat 5.0% below its high of Aug 13, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, CWI or FENI?
In the year to Oct 9, 2026, with distributions reinvested, CWI returned +17.8% and FENI +15.4%.
Which is cheaper, CWI or FENI?
FENI is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do CWI and FENI overlap with the S&P 500?
By their latest filed holdings, 0% of CWI and 0% of FENI by weight is stocks the S&P 500 already holds.
Other comparisons
CWI vs ESGDCWI vs IQLTCWI vs DBEFCWI vs DFICFENI vs MFSIFENI vs IMFLDMXF vs FENIFENI vs SPDW
CWI on its own →FENI on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
CWI filings on SEC EDGAR ↗CWI prospectus with the expense ratio (SEC) ↗State Street website ↗FENI filings on SEC EDGAR ↗FENI prospectus with the expense ratio (SEC) ↗Fidelity website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, CWI against FENI, data as of Oct 9, 2026. https://etfiq.com/compare/any/cwi-vs-feni

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.