FENI vs QEFA: Differences, Returns & Fees
Over the year to Oct 21, 2026, FENI and QEFA finished level, +16.3% against +16.1%, and they share 47% of their weight. Net assets: $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF, and $1.0bn on Oct 20, 2026 for State Street SPDR MSCI EAFE StrategicFactors ETF.
FENI costs 0.02 points a year less; their one-year returns differ by 0.2 points; FENI is 11.4 times larger.
| FENI | QEFA | |
|---|---|---|
| Expense ratio | 0.28% | 0.30% |
| Net assets, as of Sep 30, 2026 | $11.5bn | $1.0bn |
| Total return, 1 year | +16.3% | +16.1% |
| What it tracks | No index, actively managed | MSCI EAFE Factor Mix A-Series Index |
| Holdings in common | 47% | |
| Top ten holdings, share of the fund | 16.5% | 15.1% |
| Below its high | 4.4%, high on Aug 13, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 20, 2026.
What they hold in common
By the books each fund has filed, FENI and QEFA hold 47% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 20, 2026.
half
47% in common
On the same fields
FENI and QEFA on the fields both publish, as of Oct 21, 2026. Source: ETFIQ.
About FENI
FENI is actively managed and tracks no index. Over the year to Oct 21, 2026 it returned +16.3% with distributions reinvested, against +13.8% 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 4.4% below its high of Aug 13, 2026 on Oct 21, 2026.
About QEFA
QEFA tracks an index. Over the year to Oct 21, 2026 it returned +16.1% with distributions reinvested, against +16.4% for its benchmark, the MSCI All Country World ex USA Index. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 20, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 626 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, FENI or QEFA?
- In the year to Oct 21, 2026, with distributions reinvested, FENI returned +16.3% and QEFA +16.1%.
- Which is cheaper, FENI or QEFA?
- FENI is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 QEFA, data as of Oct 21, 2026. https://etfiq.com/compare/any/feni-vs-qefa
ETFIQ. (Oct 21, 2026). FENI against QEFA. Retrieved from https://etfiq.com/compare/any/feni-vs-qefa
[FENI against QEFA (ETFIQ, Oct 21, 2026)](https://etfiq.com/compare/any/feni-vs-qefa)
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