Data as of Oct 28, 2026.
FENI vs IXUS: Differences, Returns & Fees
Over the year to Oct 28, 2026, FENI returned +14.2% to IXUS's +14.1%; 26% of their weight is in the same names.
askIQ about this page
askIQ about FENI and IXUS
Net assets: $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF, and $57.6bn on Oct 27, 2026 for iShares Core MSCI Total International Stock ETF.
Pair scorecard
IXUS costs 0.21 points a year less; their one-year returns differ by 0.1 points; IXUS is 5.1 times larger.
| Measure | FENI | IXUS |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +14.1% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | 4.9%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI ACWI ex USA IMI |
| Cost and size | ||
| Expense ratio | 0.28% | 0.07% |
| Net assets, as of Sep 30, 2026 | $11.5bn | $58.8bn |
| Holdings | ||
| Holdings in common | 26% | |
| Top ten holdings, share of the fund | 16.5% | 13.5% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Dec 1, 2023 to Oct 23, 2026 · 151 weekly returnsEach against its own benchmark: FENI against EFA, Dec 1, 2023 to Oct 23, 2026; IXUS against ACWX, Nov 2, 2012 to Oct 23, 2026.
FENI returned more: +68.2% to +60.6%. FENI and IXUS swung about the same: 14.5% and 14.3%. IXUS fell slightly less at its worst: −10.9% to −11.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FENI | IXUS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.2% | +60.6% | FENI | Price change plus distributions, reinvested. |
| Annualized | +19.6% | +17.7% | FENI (slight) | Total return as a yearly rate. |
| Price return | +54.7% | +45.9% | FENI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.5% | 14.3% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.2% | 10.0% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.2% | −10.9% | IXUS (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 105.3% | 99.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.4% | 99.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 0.99 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.01 | 0.91 | FENI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.43 | 1.29 | FENI (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.147 | 0.068 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.75 | 1.63 | FENI (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | EFA | ACWX | The ETF each fund is measured against. | |
| Alpha | +3.1% a year | +0.3% a year | IXUS not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.73 | 0.64 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | +0.9% to +5.4% | −0.5% to +1.1% | IXUS includes zero | The 95% range for the yearly alpha. |
| Information ratio | 1.55 | 0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.9% | 1.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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, FENI and IXUS hold 26% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
26% in common
Only in one fund ↓
Side by side
FENI and IXUS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
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.
IXUS
IXUS tracks the MSCI Total International Stock. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,584 positions, with the top ten at 13.5%. It sat 4.9% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FENI or IXUS?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and IXUS +14.1%.
- Which is cheaper, FENI or IXUS?
- IXUS is cheaper, by 0.21 percentage points a year. That is about $21 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.
Cite this pageCitation, APA and Markdown
ETFIQ, FENI against IXUS, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-ixus
ETFIQ. (Oct 28, 2026). FENI against IXUS. Retrieved from https://etfiq.com/compare/any/feni-vs-ixus
[FENI against IXUS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-ixus)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.