Data as of Oct 28, 2026.
FENI vs IAU: Differences, Returns & Fees
FENI is an actively managed equity fund and IAU a commodity fund, and over the year to Oct 28, 2026, FENI returned +14.2% against +2.7%.
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askIQ about FENI and IAUNet assets: $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF, and $60.1bn on Oct 28, 2026 for iShares Gold Trust.
Pair scorecard
IAU costs 0.03 points a year less; their one-year returns differ by 11.5 points; IAU is 5.4 times larger.
| Measure | FENI | IAU |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +2.7% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | 24.6%, high on Jan 29, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | Gold |
| Cost and size | ||
| Expense ratio | 0.28% | 0.25% |
| Net assets, as of Sep 30, 2026 | $11.5bn | $62.2bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 16.5% | |
Side by side
FENI and IAU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.
IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FENI or IAU?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and IAU +2.7%.
- Which is cheaper, FENI or IAU?
- IAU is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's own filings.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, FENI against IAU, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-iau
ETFIQ. (Oct 28, 2026). FENI against IAU. Retrieved from https://etfiq.com/compare/any/feni-vs-iau
[FENI against IAU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-iau)
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