Data as of Oct 28, 2026.
FENI vs SCHF: Differences, Returns & Fees
Over the year to Oct 28, 2026, FENI returned +14.2% to SCHF's +17.6%; 41% 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 $69.7bn on Aug 31, 2026 for Schwab International Equity ETF.
Pair scorecard
SCHF costs 0.25 points a year less; their one-year returns differ by 3.4 points.
| Measure | FENI | SCHF |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +17.6% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | 4.4%, high on Aug 25, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | FTSE Developed ex US Index |
| Cost and size | ||
| Expense ratio | 0.28% | 0.03% |
| Net assets, FENI as of Sep 30, 2026 and SCHF as of Aug 31, 2026 | $11.5bn | $69.7bn |
| Holdings | ||
| Holdings in common | 41% | |
| Top ten holdings, share of the fund | 16.5% | 13.8% |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Dec 1, 2023 to Oct 23, 2026 · 151 weekly returns · each against EFAFENI returned slightly more: +68.2% to +62.8%. FENI and SCHF swung about the same: 14.5% and 14.6%. FENI and SCHF fell about the same at their worst: −11.2% and −11.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FENI | SCHF | EFA | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +68.2% | +62.8% | FENI (slight) | Price change plus distributions, reinvested. | |
| Annualized | +19.6% | +18.3% | FENI (slight) | Total return as a yearly rate. | |
| Price return | +54.7% | +48.5% | FENI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.5% | 14.6% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 10.2% | 10.3% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −11.2% | −11.3% | Tie | Deepest fall from a high to the low after it. | |
| Upside capture | 105.3% | 103.5% | 100.0% | Tie | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 97.4% | 98.6% | 100.0% | Tie | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 0.99 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.01 | 0.92 | FENI (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.43 | 1.31 | FENI (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.147 | 0.136 | 0.116 | FENI (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.75 | 1.62 | FENI (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | EFA | EFA | EFA | The ETF each fund is measured against. | |
| Alpha | +3.1% a year | +2.0% a year | 0.0% | FENI significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.73 | 1.26 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | +0.9% to +5.4% | −1.1% to +5.2% | SCHF's includes zero | The 95% range for the yearly alpha. | |
| Information ratio | 1.55 | 0.70 | FENI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.9% | 2.7% | 0.0% | 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 SCHF hold 41% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
41% in common
Only in one fund ↓
Side by side
FENI and SCHF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FENI and SCHF are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FENI follows No index, actively managed and SCHF follows FTSE Developed ex US Index.
- Holdings in common. 41% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FENI returned +14.2% and SCHF +17.6% with distributions reinvested, a gap of 3.4 points.
Data as of Oct 28, 2026.
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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.
SCHF
SCHF tracks an index of International Equity. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested, against +12.1% for its benchmark, the MSCI EAFE Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,475 positions, with the top ten at 13.8%. It sat 4.4% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FENI or SCHF?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and SCHF +17.6%.
- Which is cheaper, FENI or SCHF?
- SCHF is cheaper, by 0.25 percentage points a year. That is about $25 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 SCHF, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-schf
ETFIQ. (Oct 28, 2026). FENI against SCHF. Retrieved from https://etfiq.com/compare/any/feni-vs-schf
[FENI against SCHF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-schf)
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