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DBEF vs FENI: Differences, Returns & Fees

DBEF and FENI hold 54% of their weight in the same names, and DBEF returned +18.5% over the year. Net assets: $9.2bn on Oct 9, 2026 for Xtrackers MSCI EAFE Hedged Equity ETF, and $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF.

FENI costs 0.07 points a year less; their one-year returns differ by 3.1 points; DBEF is 3.7 times larger.

DBEFFENI
Expense ratio0.35%0.28%
Net assets, as of Feb 29, 2024$5.1bn$1.4bn
Total return, 1 year+18.5%+15.4%
What it tracksMSCI EAFE US Dollar Hedged IndexNo index, actively managed
Holdings in common54%
Top ten holdings, share of the fund13.3%16.5%
Below its high3.1%, high on Aug 13, 20265.0%, high on Aug 13, 2026

Holdings in common uses holdings dated May 29, 2026 and Jun 30, 2026.

+18.5%
DBEF total return, 1 year
+15.4%
FENI total return, 1 year
0.35%
DBEF expense ratio
0.28%
FENI expense ratio

What they hold in common

By the books each fund has filed, DBEF and FENI hold 54% 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 May 29, 2026 and Jun 30, 2026.

half

54% in common

Positions both hold, largest shared weight first
Holding DBEF FENI
ASML HOLDING NV 2.82% 4.05%
ROCHE HOLDING AG 1.33% 1.39%
HSBC HOLDINGS PLC 1.45% 1.31%
NESTLE' SA/AG 1.18% 1.74%
SIEMENS AG 1.05% 1.61%
BHP GROUP LTD 1.03% 1.19%
SHELL PLC 1.06% 0.99%
NOVARTIS AG 1.24% 0.92%
ASTRAZENECA PLC 1.26% 0.81%
BANCO SANTANDER SA 0.81% 0.88%
ABB LTD (CH) 0.76% 1.32%
MITSUBISHI UFJ FINANCIAL GROUP INC 0.91% 0.73%
Only in DBEF
ENEL SPA 0.39%
BARCLAYS PLC 0.38%
NATIONAL AUSTRALIA BANK LTD 0.37%
SHIN-ETSU CHEMICAL COMPANY LTD 0.36%
TOKIO MARINE HOLDINGS INC 0.36%
ANZ GROUP HOLDINGS LTD 0.34%
SPOTIFY TECHNOLOGY SA 0.33%
GLENCORE PLC 0.32%
Only in FENI
GSK PLC 0.55%
SHELL PLC 0.48%
HSBC HOLDINGS PLC 0.45%
BRITISH AMERICAN TOBACCO PLC 0.44%
UNILEVER PLC 0.33%
BARCLAYS PLC 0.30%
SANOFI 0.28%
NOKIA CORP 0.23%

Check overlap with more funds →

On the same fields

DBEF
Xtrackers MSCI EAFE Hedged Equity ETF
FENI
Fidelity Enhanced International ETF
Where it sits Stock ETF Stock ETF
Issuer Xtrackers Fidelity
What it is Tracks an index Actively managed
Total return, 1 year +18.5% +15.4%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +1.3 pts −1.8 pts
Expense ratio 0.35% 0.28%
Already in the S&P 500 0.0% 0.0%
Holdings 677 386
Net assets, DBEF as of Oct 9, 2026 and FENI as of Sep 30, 2026 $9.2bn $11.5bn

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

DBEF in plain words

DBEF tracks an index. Over the year to Oct 9, 2026 it returned +18.5% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 29, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 677 positions, with the top ten at 13.3%. It sat 3.1% below its high of Aug 13, 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, DBEF or FENI?
In the year to Oct 9, 2026, with distributions reinvested, DBEF returned +18.5% and FENI +15.4%.
Which is cheaper, DBEF or FENI?
FENI is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DBEF and FENI overlap with the S&P 500?
By their latest filed holdings, 0% of DBEF and 0% of FENI by weight is stocks the S&P 500 already holds.
Other comparisons
DBEF vs ILOWDBEF vs EFADBEF vs TOUSDBEF vs DMXFFENI vs VXUSFENI vs IEFAFENI vs VEAFENI vs VIGI
DBEF on its own →FENI on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DBEF filings on SEC EDGAR ↗DBEF prospectus with the expense ratio (SEC) ↗Xtrackers 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, DBEF against FENI, data as of Oct 9, 2026. https://etfiq.com/compare/any/dbef-vs-feni

Open data

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