Data as of Oct 28, 2026.
FENI vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, FENI returned +14.2% to PVAL's +26.6%; 1% of their weight is in the same names.
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Net assets: $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
FENI costs 0.27 points a year less; their one-year returns differ by 12.4 points.
| Measure | FENI | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +26.6% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.28% | 0.55% |
| Net assets, FENI as of Sep 30, 2026 and PVAL as of Aug 31, 2026 | $11.5bn | $14.1bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 16.5% | 42.8% |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
What they share
By the books each fund has filed, FENI and PVAL hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
1% in common
Only in one fund ↓
Side by side
FENI and PVAL 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.
Over the year to Oct 28, 2026 it returned +26.6% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value Index.
PVAL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Aug 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 44 positions, with the top ten at 42.8%.
Questions people ask
- Which returned more over the last year, FENI or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and PVAL +26.6%.
- Which is cheaper, FENI or PVAL?
- FENI is cheaper, by 0.27 percentage points a year. That is about $27 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, FENI against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-pval
ETFIQ. (Oct 28, 2026). FENI against PVAL. Retrieved from https://etfiq.com/compare/any/feni-vs-pval
[FENI against PVAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-pval)
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