Data as of Oct 28, 2026.
FDVV vs FENI: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDVV returned +13.5% to FENI's +14.2%; 1% of their weight is in the same names.
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Net assets on Sep 30, 2026: $10.2bn for Fidelity High Dividend ETF and $11.5bn for Fidelity Enhanced International ETF.
Pair scorecard
FDVV costs 0.13 points a year less; their one-year returns differ by 0.7 points; FENI is 1.1 times larger.
| Measure | FDVV | FENI |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.5% | +14.2% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | Fidelity High Dividend Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.15% | 0.28% |
| Net assets, as of Sep 30, 2026 | $10.2bn | $11.5bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 33.8% | 16.5% |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Dec 1, 2023 to Oct 23, 2026 · 151 weekly returnsFENI returned slightly more: +68.2% to +66.5%. FDVV swung less: 11.8% to 14.5%. FENI fell less at its worst: −11.2% to −13.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDVV | FENI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +66.5% | +68.2% | FENI (slight) | Price change plus distributions, reinvested. |
| Annualized | +19.2% | +19.6% | FENI (slight) | Total return as a yearly rate. |
| Price return | +51.6% | +54.7% | FENI (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 11.8% | 14.5% | FDVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.0% | 10.2% | FDVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −13.2% | −11.2% | FENI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.17 | 1.01 | FDVV | Return above Treasury bills per unit of volatility. |
| Sortino | 1.73 | 1.43 | FDVV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.46 | 1.75 | FENI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 151 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDVV and FENI hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
1% in common
Only in one fund ↓
Side by side
FDVV and FENI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDVV and FENI do different jobs. What does each one do in a portfolio?
- What each follows. FDVV follows Fidelity High Dividend Index and FENI follows No index, actively managed.
- Holdings in common. 1% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- Number of holdings. FDVV holds 95 positions and FENI holds 386.
Data as of Oct 28, 2026.
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FDVV
FDVV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%.
FENI
FENI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.2% with distributions reinvested, against +12.1% for its benchmark, the MSCI EAFE Index. 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 4.7% below its high of Aug 13, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FDVV or FENI?
- In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and FENI +14.2%.
- Which is cheaper, FDVV or FENI?
- FDVV is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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.
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ETFIQ, FDVV against FENI, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-feni
ETFIQ. (Oct 28, 2026). FDVV against FENI. Retrieved from https://etfiq.com/compare/any/fdvv-vs-feni
[FDVV against FENI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdvv-vs-feni)
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