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Data as of Oct 28, 2026.

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FENI vs GLDM: Differences, Returns & Fees

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FENI is an actively managed equity fund and GLDM a commodity fund, and over the year to Oct 28, 2026, FENI returned +14.2% against +2.8%.

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Net assets: $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF, and $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust.

FENI on its own →GLDM on its own →
At a glance
+14.2%
FENI total return, 1 year
+2.8%
GLDM total return, 1 year
0.28%
FENI expense ratio
0.10%
GLDM expense ratio

Pair scorecard

GLDM costs 0.18 points a year less; their one-year returns differ by 11.4 points; GLDM is 2.7 times larger.

FENI vs GLDM: Differences, Returns & Fees
MeasureFENIGLDM
Return
Total return, 1 year+14.2%+2.8%
Drawdown
Below its high4.7%, high on Aug 13, 202624.5%, high on Jan 29, 2026
Benchmark
What it tracksNo index, actively managedGold
Cost and size
Expense ratio0.28%0.10%
Net assets, as of Sep 30, 2026$11.5bn$30.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund16.5%

Method

Side by side

FENI Fidelity Enhanced International ETF GLDM SPDR Gold MiniShares Trust
Where it sits Stock ETF Commodity ETF
Issuer Fidelity State Street
What it is Actively managed Holds gold
Total return, 1 year +14.2% +2.8%
Its benchmark over the same days +12.1% (EFA) +2.5% (GLD)
Gap to its benchmark +2.1 pts vs EFA +0.3 pts vs GLD
Expense ratio 0.28% 0.10%
Holdings 386 not counted
Net assets, FENI as of Sep 30, 2026 and GLDM as of Oct 27, 2026 $11.5bn $30.6bn

FENI and GLDM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
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.

GLDM

Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLDM holds gold. Over the year to Oct 28, 2026 it returned +2.8% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.5% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FENI or GLDM?
In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and GLDM +2.8%.
Which is cheaper, FENI or GLDM?
GLDM is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
FENI vs GLDFENI vs IAUFENI vs USOFENI vs SLVGLDM vs VEUGLDM vs VXUSGLDM vs IEFAGLDM vs VEA
Where to next
FENI on its own →GLDM on its own →Hold both: look the portfolio through →Rankings →FENI dividend history →FENI holdings →Standards and sources →
Sources and dates
FENI filings on SEC EDGAR ↗
FENI prospectus with the expense ratio (SEC) ↗
Fidelity website ↗
State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, FENI against GLDM, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-gldm

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